Jeff Bezos is about to relinquish the title of world’s richest person as Amazon.com Inc. stock tumbled in late trading Thursday.
Shares of the biggest online retailer dropped 8.1% to $1,637 in extended trading at 4:24 p.m. in New York. At that price, Bezos would have a net worth of $102.8 billion, ranking him second, and almost $5 billion behind Bill Gates, according to the Bloomberg Billionaires Index.
Bezos took the top spot from the Microsoft Corp. co-founder in October 2017. The ranking officially updates after the close of each trading day in the U.S., so the change won’t be official until Friday’s market close.
Source: Bloomberg