Jef Bezos - Amazon Founder

According to Forbes magazine, Jeff Bezos took the lead of the richest man in the world, surpassing Bill Gates … This is the second time the Amazon boss has surpassed Microsoft’s founder this year.

Already in July, Jeff Bezos’ riches had exceeded the fortunes of Microsoft founder Bill Gates. However, it took only a few hours for Gates to get back as the World’s richest man. So will this one last?

In July Bill Gates lost his title to the founder of Amazon when the fortune of the group was estimated at 90.5 billion dollars, as against 90 billion dollars for Microsoft. A wealth that Bezos has obtained thanks to his (almost) 90 million shares from his shareholding in Amazon and from other sources. The competition for the first place continued between the two men, with an increasingly shaky balance, especially for the Amazon founder.

On Friday, October 27, Forbes Magazine declared Jeff Bezos as the new richest man on earth. The magazine said that the fortune of Jeff Bezos was $ 92 billion, against $ 90 billion for Bill Gates. The reason for this new development, which might last for a while is that of a 13% rise in stocks, a major figure for a company of Amazon’s size to make more and increase in value. Thanks to the strong rise in the stock market valuation, Jeff Bezos can boast of having reached the first place, at least for now.

Since its establishment, it has moved into different areas. It was just an e-commerce platform that was later built into a world-class brand that will rival physical stores in the US and around the world.

In addition to the many departments provided by Amazon, it is interesting to see how this ranking evolves over time. The fact that Jeff Bezos reaches the first place highlights the division between old sectors (Zara, etc.) and the new ones, clearly coming from the web. Although relatively new to the market, they have capitalized on the lucrative potential of the tech sector. As such, Zuckerberg is part of the much-closed circle of the 10 biggest fortunes in the world – which seems to be building around the tech industry.

Source: Forbes