Amazon founder and CEO Jeff Bezos is now the richest person on the planet after a bounce in company stock value floated his net worth to a massive $93.8 billion by the end of business on Friday.
Bezos ended the day $5.1 billion richer than former No. 1 Microsoft co-founder Bill Gates, according to the Bloomberg Billionaires Index. Gates, with a fortune of $88.7 billion as of Friday, had previously held the king-of-hill spot since 2013 — except for a few hours.
Bezos, who also owns The Washington Post, briefly moved ahead of Gates in the rankings July 27 when his Amazon stock took off. The stock dipped during the day and Gates was back on top, the Huffington Post reported.
Warren Buffett was third in the latest ratings, with $88 billion in assets, followed by Amancio Ortega, Spain's Zara clothing tycoon, with a $77.2 billion fortune, and Facebook's Mark Zuckerberg with $75.4 billion.