A surge in Amazon’s stock price this morning, ahead of expectedly healthy quarterly results, has pushed founder Jeff Bezos above Microsoft co-founder Bill Gates on the list of world’s richest humans. (Richest in money, not in kindness, though both CEOs are presumably very kind.) Bezos owns 17 percent of Amazon.
According to Bloomberg, shares of the online retailer rose to $1,071.31 this morning. If the gains Amazon made this morning hold through the closing bell of the stock market, Bezos could retain the spot with a net worth hovering somewhere around $90 billion. Pretty good!
Gates has been the richest man in the world since May 2013, though he also retained the title during Microsoft’s heyday in the 1990s. We assume that this news is devastating to Mr. Gates, and that he is inconsolable and wiping away tears with now-worthless $100 bills.