- Amazon chief executive, Jeff Bezos, rises on the Bloomberg Billionaires index ahead of Microsoft co-founder, Bill Gates

- Gates, 61, had been the world’s richest person since 2013

- This is second time Jeff Bezos has replaced the Microsoft co-founder from the world's richest person list.


The Economic Times reported that Bezos’s rise in the Billionaires Index was aided by a $10.4 billion addition to his net worth as Amazon shares rose 13 percent, the most in 2 1/2 years, a day after the company reported quarterly sales and profit that surpassed analysts’ estimates.

At the close of the US markets on Friday, Bezos had a net worth of $93.8 billion, $5.1 billion ahead of Gates on the Bloomberg index, a daily ranking of the world’s 500 richest people.

Gates, 61, had been the world’s richest person since 2013.
This is second time Jeff Bezos has replaced Bill Gates from the world's richest person list.

Amazon chief executive, Jeff Bezos, has displaced billionaire and Microsoft co-founder, Bill Gates as the richest person in the world.

According to Bloomberg Billionaires index, a post-earnings surge in Amazon.com shares on Friday, October 27, made Jeff Bezos to become the richest person on earth, a position Bill Gates held for more than four years.

In July, 2, 2017, Bezos briefly pushed Microsoft co-founder to second spot after Amazon shares jumped 1.6 per cent in a day but Amazon shares ended that day lower, leaving Bezos at number 2 spot.


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