When Amazon Boss Is The World's Richest Man

Jeff Bezos
Amazon boss Jeff Bezos silently shifted Bill Gates's position as the world's richest man for several hours on July 27, 2017 when the United States.

As quoted from the Telegraph, Bezos was originally the richest man number four for Forbes.

Because the value of its shares soared, Bezos's wealth also increased beyond Bill Gates's wealth with a total of US $ 89.3 billion. His assets increased by US $ 24.4 billion throughout 2017.

Even so, the title of the richest man in the world only bears Bezos for several hours. This is because Amazon's profits dropped dramatically compared to last year.

The decline in Amazon's profit is due to investment spending for video content and international expansion.

Just to note, currently total wealth of Bezos as reported by Forbes reached US $ 88.5 billion. Meanwhile, the founding wealth of Microsoft, Bill Gates, for US $ 89.7 billion. Gates has been the world's richest man since 2013.

Both billionaires are known to love charity. Forbes noted, Gates donated US $ 31.1 billion of his property. Amazon boss donated US $ 100 million to charity.