Bezos temporarily surpass Gates as world’s richest person

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Published Jul 28, 2017

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Cape Town - Jeff Bezos ranked top as the world’s richest person

surpassing Bill Gates, this resulted from a sudden increase in Amazon shares.

The 53 year old has held the second position of world’s

richest person since May 2013, until the brief breakthrough on Thursday

morning, and he regressed to his usual spot by end of business day.

Bezos owns about 17% of Seattle-based Amazon, which had

surged 40 percent this year through Wednesday, helping to add $24.5 billion to

his net worth.

Read also:  Billionaire Bill Gates' advice to his teen self 

According to CNBC, as Bezos hit the spot, he is likely to

take the crown from Gates more permanently in the coming days and weeks.

"I took the less safe path to follow my passion and I'm

proud of that choice," he said

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Bezos, started selling books from his garage 22 years ago,

becomes the first man to bump Gates from his perch in seven years and is only

the sixth man to hold the "richest person" title in the past 30

years, according to Forbes.

BUSINESS REPORT ONLINE 

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