Tech

Bill Gates Reclaims World’s Richest Man Title From Amazon CEO Jeff Bezos

Bill Gates Reclaims World's Richest Man Title From Amazon CEO Jeff Bezos - OkayNG News

Co-founder of Microsoft, , has bounced back to retake top spot as world richest man just few hours after he was overtaken by Amazon founder .

Shares of the online bookseller had increased as U.S. markets opened, and climbed as much as 2.9 percent just before noon in New York on Thursday, giving Bezos a net worth of $92.3 billion.

With investors bracing for the Seattle-based company to report second-quarter results after the close, the shares tumbled.

Gates returned to the top spot when he finished the day with a net worth of $89.8 billion while Bezos followed with $88.8 billion, according to Forbes and Bloomberg.

Bezos quit his job at a hedge fund to start his online bookselling website in a garage in Seattle in 1994.

He first featured on the 400 richest Americans list in 1998, a year after Amazon went public, with a $1.6 billion fortune.

Gates’ first inclusion in the billionaire’s list was in 1982 and he has been no. 1 for 18 of the past 23 years.

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Farouk Mohammed
the authorFarouk Mohammed
Chief Editor
Farouk Mohammed is a Senior Editor at Okay Nigeria (OkayNG.com). He has been publishing for 5 years and focused more on Local/World News on OkayNG.com.

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