Business

Amazon’s CEO Jeff Bezos became the richest man in the world.

Amazon CEO Jeff Bezos is now the richest person in the world Amazon’s chief Jeff Bezos became the richest man in the world in late October 2017, according to Forbes.

Amazon CEO Jeff Bezos is now the richest person in the world for the second time. He owns 16% of Amazon, which he founded in a garage in Seattle in 1994.

Bezos attended Princeton and worked at a hedge fund before quitting to sell books online. His other passion is space travel: His aerospace company, Blue Origin, is developing a reusable rocket that Bezos says will carry passengers.

Bezos purchased The Washington Post in 2013 for $250 million.

He took Amazon public in 1997 and one year later joined Forbes‘ ranking of the 400 richest Americans with a $1.6 billion fortune. In the two decades since, Amazon has grown into an e-commerce giant and one of the most valuable companies in the world

Amazon’s CEO Jeff Bezos became the richest man in the world. In October last year, Amazon stock opened up more than 8% higher than Thursday’s close, adding nearly $7 billion to Bezos’ net worth.

But thanks to a 7% spike in Microsoft’s stock overnight, it wasn’t quite enough to put him ahead of Microsoft cofounder Bill Gates on Forbes’ Real-Time Billionaire Rankings. Bezos had a net worth of $89.7 billion, as of the start of trading on Friday, while Gates had a net worth of $90.1 billion, up $550 million from yesterday.

Then by 10:15 a.m. Eastern, Amazon stock had climbed nearly 2% since the market opened, adding $900 million to Bezos’ net worth and putting him in the No. 1 spot with a net worth of $90.6 billion versus Gates’ $90.1 billion at that time.

Bezos became the richest person in the world for the first time three months ago as Amazon stock hit an all-time high on July 27, just before Amazon reported its second quarter earnings.

He is currently $3.1 billion richer than Gates, who ended the day with a net worth of $90 billion.

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