Amazon founder and CEO Jeff Bezos has lost the title as the world's richest man and now we have Bill Gates on the top spot.?
The fall happened after Amazon's lacklustre Q3 results resulted in Bezos losing nearly $7 billion in stock value.?
Amazon?shares fell 7 percent in after-hours trading on Thursday, leaving?Bezos?down to $103.9 billion (roughly Rs. 7,36,000 crores), state reports.?
Microsoft co-founder Bill Gates is currently worth $105.7 billion. Bezos ended Gates' 24-year run as the richest man in 2018 and became the first man on earth with a net worth of $160 billion.
Microsoft co-founder Bill Gates had been the richest man in the world since 2013, until Amazon founder and CEO Jeff Bezos unseated him late 2017. But now he is back up in the game.?
Amazon reported a 26 per cent drop in net income in its third quarter, its first profit decline since 2017, reports Forbes.
Gates debuted on Forbes' first ever billionaire list in 1987 with a net worth of $1.25 billion.
Early this year,?Amazon founder and CEO Jeff Bezos and his wife MacKenzie announced that they've finalized the terms of their divorce.
The two split after 25 years of marriage, and the deal they've worked could make her the third richest woman on the planet.