Jeff Bezos has leapfrogged Bill Gates again for the title of world’s richest billionaire. But they’re both having a pretty good day.
Amazon stock jumped 13.5% on Friday after the company turned in another incredible earnings report — more than a quarter-billion dollars in profit in three months.
But Gates also got a boost as Microsoft (Tech30) stock rose 7%. Gates owned 103 million shares as of September, according to FactSet. Microsoft stock climbed about $6 a share, so Gates added almost $600 million to his personal wealth.,
Bezos briefly dethroned Gates once before, on July 27, when his net worth topped $90 billion because of a temporary surge in Amazon stock.
Amazon has been on a tear this year. It acquired Whole Foods and plans to establish a second headquarters somewhere in North America. More than 200 cities and regions have submitted bids to become the home for HQ2.
Source: The CNN