By The $90.6 BILLION Man: Jeff Bezos Surpasses Bill Gates To Become Richest Person In The World
Jeff Bezos, owner of online retail giant Amazon.com, surpassed Bill Gates as the wealthiest man in the world on Thursday.
Just over two decades ago Jeff Bezos started Amazon from his garage. Today, he’s the richest person in the world, according to Forbes and Bloomberg.
Bezos’s net worth topped $90 billion on Thursday, allowing the Amazon founder and CEO to narrowly dethrone Microsoft co-founder Bill Gates as the richest man in the world, according to Forbes and Bloomberg. If Amazon stock holds steady through trading Thursday, Bezos will officially bump Gates, who has been No. 1 since 2013, from the the Bloomberg Billionaires Index.
Bloomberg notes that if shares of Amazon.com maintain to end of trading at 4.00pm, Bezos, 53, will surpass Gates on the Bloomberg Billionaires Index.
Amazon is projected to post a 22 per cent jump in its quarterly revenue, rising to an estimated $37.2 billion based on the average assessment of 34 analysts surveyed by Bloomberg, with earnings per share of $1.42.
Amazon’s diverse portfolio, which includes apparel and groceries, is helping boost its market projections, but investors are keeping an eye out for an increase in the company’s subscription-based services.
