Washington D.C.: Amazon founder and CEO Jeff Bezos who had lost the top spot as the world’s richest man to Microsoft co-founder Bill Gates has regained back his older glory by jumping back to the top spot. Bezos had lost the top spot to Microsoft co-founder Bill Gates after Amazon’s lacklustre Q3 results resulted in him 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. Though shares of Amazon fell on Friday compared to Thursday’s market close, the drop wasn’t as steep as in after-hours trading.
Amazon shares fell 1 percent to $1,760.78 on Friday, putting Bezos’ net worth at $109.9 billion, and back at number one, according to Forbes. Gates is just $4.1 billion behind Bezos at number two richest, worth $105.8 billion.