Jeff Bezos Becomes World's Richest Person For Second Time, Beats Bill Gates

Jeff Bezos

Bezos has become the seventh person and third American - other than Gates and Berkshire Hathaway CEO Warren Buffett - to hold the title of world's richest person, according to Forbes.

Bezos, who owns 17 percent of Amazon stocks, saw his net worth soar $10 billion to $92.8 billion at 1630 GMT - just three hours after US markets opened.

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Bezos owned almost 80 million shares in Amazon (AMZN, Tech30) as of August, according to the most recent available data from FactSet. Bezos had $83.5 billion, and his big day on Friday was more than enough to close the gap.

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. However, Bill Gates remained at the top position thanks to a 7 per cent spike in Microsoft's stock overnight.

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Bezos is the founder and largest stakeholder in Amazon, and his total net worth is greater than $83 billion, according to the Bloomberg Billionaires Index.

Inc shares surged today, lifting its founder's net worth by US$7.8 billion to US$91.3 billion as of 10am in NY, according to the Bloomberg Billionaires Index. Gates, who has sold most of his Microsoft stake, added US$600 million. It acquired Whole Foods and plans to establish a second headquarterssomewhere in North America.

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