Second time Jeff Bezos of Amazon takes the place of world richest person

As the stock of Amazon lift up the arrow with 8% hike on Thursday closing adding nearly $7billion to the account of Bezos’s net worth.

New York: Amazon stock got 8% higher while Microsoft’s stock got 7% overnight spike this gave Bezos ahead of Microsoft co-founder Bill Gates on Forbes Real time Billionaire ranking. Bezos had worth of $ 89.7 billion as the start of trading on Friday while Bill Gates had net worth of $90.1 billion, up $550 million from yesterday. However by 10.15 a.m. Eastern, Amazon stock had reached nearly 2% since opening of market for the day adding $900 million to Bezos’ net worth putting him in No. 1 spot with $90.6 billion versus Gates $90.1 billion .The third quarter earnings of Amazon had much strong base by Thursday itself as $43.7billion in revenue above the analysts expectation of $42.1 billion .Whole Foods, which Amazon acquired in August made up $1.3 billion, of total revenues for the quarter. Also was in picture this year with plan to establish a second headquarters somewhere in North America, more than 200 cities and regions have submitted bids to become the home of HQ2.

IT will be third time Bezos became the richest person in three month ago as Amazon stock hit an all -time high on July 27, just as was announcing it second quarter-earning. Though it didn’t lasted for much time as announcement of earning losses him title with making market miss as e-commerce giant stock fell. When Forbes released THE FORBES 400 list of richest Americans earlier in October Bezos was second richest person in America worth $7.5 billion less than Gates. He is first time join Forbes 400 in 1998 one year after Amazon went public with net worth of $1.6 billion. Reports as per Forbes.