Amazon’s Jeff Bezos Is Now The World’s Richest Man

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Jeff Bezos, the CEO of Amazon, has surpassed Microsoft co-founder Bill Gates and has become the richest person in the world. Gates has been the holder of this title for more than four years .

The “battle” for this title began on the stock market on Thursday, the day Amazon released its third quarter earnings report. In the report, Amazon reported revenues of $43 billion, which was more than the forecast of $42.1 billion analysts anticipated, triggering the purchase of shares. On Friday, two hours after the start of the trading session, Amazon’s shares had risen 11.9{9c13ba893f3703c58d1bbcbff2f97ff18cf629c78a707ad6d26f50de14f9545a} .

Microsoft’s shares, which also reported its quarterly data on Thursday, by comparison, had risen 7{9c13ba893f3703c58d1bbcbff2f97ff18cf629c78a707ad6d26f50de14f9545a}. The battle, according to Forbes magazine, which tracks the world’s greatest fortunes, already had a winner: Bezos.

According to Forbes, Amazon’s CEO had a $92.6 billion fortune on Friday. On the other hand, Gates had a net worth of 90.1 billion.

It is not the first time that Bezos moves Gates from the post. Bezos became the richest person in the world in July this year just before publishing Amazon’s second-quarter results, at which time the company achieved a historic record in valuing its shares. But Bezos only held that title for a few hours. At the end of that day, Gates ranked first.

This is Forbes’ current listing of the richest people in the world along with its heritage:

1. Jeff Bezos, Amazon: $ 93.1 Billion

2. Bill Gates, Microsoft: $ 90.1 Billion

3. Warren Buffett, Berkshire Hathaway: $ 80.6 Billion

4. Amancio Ortega, Zara: 78.7 billion dollars

5. Mark Zuckerberg, Facebook: $ 73.8 Billion

6. Carlos Slim Helú, telecommunications industry: 64.5 billion dollars

7. Bernard Arnault, LVMH: $ 62.3 billion

8. Larry Ellison, Software Industry: $ 61.8 Billion

9. Larry Page, Google: 48.2 billion dollars

10. Michael Bloomberg, Bloomberg LP: $ 48.1 Billion

So the classification remains. However, it is very likely that he will not stay that way for long. As we have seen, no one stays on top of the mountain forever.

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Lucas Martin is New Mexico Couriers's senior editor. He is also a nationally syndicated newspaper columnist and a bestselling author. He lives in Trenton New Jersey and covers the intersection of money, politics and finance. He appears periodically on national television shows and has been published in (among others) The National Post, Politico, The Atlantic, Harper’s, Wired.com, Vice and Salon.com. He also has served as a journalist and consultant on documentaries for NPR and ShowTime. In 2014, he was the winner of the Society of American Business Editors and Writers' investigative journalism award, and the winner of the Izzy Award for Journalism from Ithaca College's Park Center for Independent Media. He was also a finalist for UCLA's Gerald R. Loeb Award and Syracuse University's Mirror Award. Before becoming a journalist in 2006, Sirota worked in Washington for, among others, U.S. Rep. Bernie Sanders, the U.S. House Appropriations Committee Minority Staff and the Center for American Progress.