Fidelity bank banner Bayelsa State banner
Bill Gates dethroned as world’s richest person

By News Express on 29/10/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 957

•World’s richest man Jeff Bezos
•World’s richest man Jeff Bezos

Amazon stock jumped 13.5% on Friday after the company turned in another incredible earnings report – more than a quarter-billion dollars in profit in three months.

Jeff Bezos owned nearly 80 million shares in Amazon (AMZN, Tech30) as of August, according to the most recent available data from FactSet. He made more than $10 billion from the one-day stock surge and is now worth well over $90 billion.

At the end of trading on Thursday, Gates occupied the top spot in the Bloomberg Billionaires Index, with a net worth of $88 billion. Bezos had $83.5 billion, and his big day on Friday was more than enough to close the gap.

But Gates also got a boost as Microsoft (MSFT, Tech30) stock rose 7%. Gates owned 103 million shares as of September, according to FactSet. Microsoft stock climbed about $6 a share, so Gates added almost $600 million to his personal wealth.

Bezos briefly dethroned Gates once before, on July 27, when his net worth topped $90 billion because of a temporary surge in Amazon stock.

Amazon has been on a tear this year. It acquired Whole Foods and plans to establish a second headquarters somewhere in North America. More than 200 cities and regions have submitted bids to become the home for HQ2. (CNN)

Source News Express

Posted 29/10/2017 10:51:43 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25 minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Benue declares Fridays work-free for farming

Revealed: Why China demolished mega church

1,500 women give birth in displaced persons camps...

Another Nigerian shot dead in South Africa

Lassa Fever is under control, Rivers assures

Soldier sentenced to death for killing 5 civilians...

Court orders final forfeiture of N34B linked to...

Rangers Coach, Team Manager lead NPFL All Stars...

Aregbesola has performed excellently in 7 years —...

Protesters storm Chevron oil depot in Niger Delta,...

FG vows readiness to prevent cyber-attack

Sudan’s president survives heart attack

 

Latest News Bomb scare in Ebonyi •Umahi summons emergency security meeting World Cup: Nigerian, other Asylum seekers enter Finland illegally from Russia Pastor pleads guilty to criminal breach of trust, cheating, remanded in prison NERC suspends IBEDC board of directors over 6bn loan 192 drown as tourist ferry sinks Saraki addresses Russian Parliament; Seeks stronger security, economic cooperation Probe your 2015 campaign fund, PDP tells Buhari 75 per cent of sickle cell births in Nigeria don’t see their 5th birthday – Group PDP Campaign Fund: Absence of defendants stalls arraignment of Ex-Kebbi Governor APC National Convention: Muiz Banire’s camp loses out again in battle for Lagos delegates Kwara tertiary institutions begin indefinite strike Traders lose property worth N150 million to fire in Ekiti

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (352,123 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (351,408 views) Shameless Genevieve Nnaji exposes breasts in public (280,050 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (229,952 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (208,978 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (208,598 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (181,707 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (163,777 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (153,854 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (148,503 views) Lagos plane crash: Journalist releases victims’ names (143,759 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (135,603 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (50) Business & Economy (3,256) Business Verdict (44) Columnists (868) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (505) Features (607) Global Business Monitor (283) International (2,040) Interview (154) Live Commentary (28) Love Matters (123) News (36,345) Opinion (1,003) Pidgin (10) Politics (5,289) Religion (770) Sports (1,552) Stock Watch (30) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Portugal v Spain 2018

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement