GTB 737 banner Yudala banner

Bill Gates dethroned as world’s richest person

By News Express on 29/10/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 609

•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


 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

 

You may also like...
Russia tests flying motor bike

ABDUCTED CHIBOK GIRLS NOT YET RELEASED —Defence Heaquarters...

65 Boko Haram members in the net as...

El-Rufai commences renovation of Kaduna NYSC Camp

Ekiti Assembly approves N19.6bn loan for Fayose

91-year-old Senegalese ex-President seeks to run in fresh...

Ethiopia commends Dangote on new cement plant project,...

Mastercard and Nigerian business leaders commit to transforming...

The truth about Sunday Oliseh’s resignation as Super...

How to effectively manage scarce resources (Scarcity could...

JAMB reaffirms November 30th deadline for conclusion of...

R-E-V-E-A-L-E-D: Drug abuse killed pop star Goldie!

 

Latest News 7 labour leaders perish in auto crash Fidelity Bank seals partnership deal to empower young entrepreneurs Court orders FG to reinstate NEMA spokesperson 4 years after compulsory retirement Police on red alert over attacks on places of worship Teachers demand transfer of primary school salary to states Yudala commits to best prices nationwide for Black Friday Nigeria very close to achieving self-sufficiency in rice — Minister PDP National Convention: Okowa makes case for ‘free, fair, transparent process’ Mikel, Moses, Martins, Ikeme, Ezenwa, Oshoala, Quadri nominated for Nigerian Awards for Sporting Excellence HURIWA condemns Mubi Boko Haram attack, release of detained terrorists Obiano receives certificate of return, hails Buhari, security agencies for a good job NiMet forecasts cloudy to sunny conditions for today

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (295,497 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (279,000 views) Shameless Genevieve Nnaji exposes breasts in public (225,708 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (189,912 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (181,507 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (166,526 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (144,384 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (130,771 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (127,519 views) Lagos plane crash: Journalist releases victims’ names (116,640 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (113,939 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (108,278 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (31) Business (2,780) Business Verdict (26) Columnists (769) Complaints & Requests (93) Enterprise & Opportunities (187) Entertainment (407) Features (510) Global Business Monitor (192) International (1,652) Interviews (138) Live Commentary (28) Love Matters (84) News (30,450) Opinion (838) Pidgin (9) Politics (4,122) Religion (649) Sports (1,357) Stock Watch (24) AMA & Al Jazeera Global Update

 

UBA mobile app

CBN Words on marble

 

 

Argentina vs Nigeria

 

APO Group Partner

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!