Not like we were expecting this to happen but news is the world now has a new richest man. Bill gates' long reign since 1995 as the world's richest individual which was only interrupted briefly by the likes of Berkshire Hathaway's Warren Buffett and Mexican billionaire Carlos Slim has come to an end.
Amazon's Jeff Bezos, who owns about 17% of the company is now the world's richest man. It does not come as a big surprise as Bezos' has had significant increases in his net worth in the last few months.
A one per cent bump in the shares of Amazon on Thursday morning pushed the personal wealth of Bezos to about $91 Billion. This is a bit over the approimate of $90 Billion Bill Gates worth.
In further times, we do expect to see a bit of a tussle and overtake between both billionaires as their wealth is largely as a result of shares, and the prices of these shares are never stable.
i am next on the line
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