Richest person in the world
Bezos topped the list last week, on July 27, his net worth was $90 billion due to a surge in Amazon shares, enabling him to dethrone Gates at the top. He has now slipped to third place.
As of August 1, the 53-year old Amazon founder fell behind Microsoft co-founder Bill Gates and Spanish businessman Amancio Ortega on Forbes List of Billionaires.
Amazon's chief Jeff Bezos has soared to nearly the top of Forbes' billionaire’s ranks as his online retailer's stock has climbed, in part due to its booming cloud-computing unit, Amazon Web Services.
Amazon is the fastest company ever to reach $100 billion in annual sales, which it cleared in 2015. His aerospace company, Blue Origin, is developing a reusable rocket that Bezos says will carry passengers. Bezos purchased The Washington Post in 2013 for $250 million.