Jeff Bezos no longer the world’s richest person, here’s the man who dethroned him

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

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