Saturday, October 28, 2017

The world's richest man

Jeff Bezos became the richest man in the world on Friday morning, after adding nearly $7 billion (£5.3bn) to his wealth overnight. With Amazon's share price surging this morning after its earnings report, Bezos's wealth shot up to more than $90 billion (£68.7bn), according to calculations by CNBC and data from the Bloomberg Billionaires Index. That put Bezos past Bill Gates to become the richest man in the world.
Gates also added to his fortune Friday morning with the rise in Microsoft stock after its earnings. But his gain of around $550 million put his fortune at $88.5 billion — not enough to stay ahead of Bezos.
This isn't Bezos' first time he became the richest man for the first time in July – but his reign only lasted a day. On July 27, Amazon's share price topped $1,050 and Bezos' paper fortune soared past $90 billion. But after Amazon's share price slipped, Bezos fell back to second place behind Gates.

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