What just happened? Bill Gates had an impressive run atop the Forbes 400 list but has relinquished his spot to Amazon boss Jeff Bezos. If things continue to trend upward for Amazon, Bezos could easily extend his lead two-fold over Gates in the coming year.
For the first time since 1994, Bill Gates isn’t the wealthiest person in the US. According to the latest figures from the Forbes 400 list, Amazon founder and CEO Jeff Bezos has supplanted Gates atop the prestigious list with a net worth of $160 billion.
Bezos saw his fortune swell by a staggering $78.5 billion over the past year thanks to the incredible success of Amazon’s stock during the same period. It marks the biggest one year gain since Forbes started tracking fortunes.
Bezos passed Gates on the Bloomberg Billionaires Index earlier this year.
SOURCE: Shawn Knight