Amazon vs Microsoft: Jeff Bezos loses world's richest man title to Bill Gates
Amazon founder and CEO Jeff Bezos has lost the title as the world`s richest man, paving the way for tenacious Bill Gates to grab the top spot after Amazon`s lacklustre Q3 results resulted in Bezos losing nearly $7 billion in stock value.
Amazon shares fell 7 per cent in after-hours trading on Thursday, leaving Bezos down to $103.9 billion. Microsoft co-founder Bill Gates is currently worth $105.7 billion. Image source: Reuters