For a few hours today, Amazon's Jeff Bezos was the richest man in the world

For a few hours today, Amazon's Jeff Bezos was the richest man in the world
For Amazon founder and CEO Jeff Bezos, today was "easy come, easy go." This morning, as the stock market anticipated the company's earnings report after the bell, Bezos'  holdings in the online retailer (and thanks to the smart speaker, now considered a tech innovator) amounted to $90.6 billion. That put Bezos $500 million ahead of Microsoft founder Bill Gates to become the richest man in the world.

Hopefully, no one ordered Bezos any t-shirts or coffee mugs with that title, because by the time evening descended on the West Coast, Gates had the lead once again. This happened when a late market sell-off took .65% or $6.80 off Amazon's shares by the close. And then, after the bell, Amazon reported a 77% drop in net as the company spent huge amounts of money on expanding the capabilities of AI assistant Alexa. Amazon also spent big bucks on warehouses and data centers. Revenue did grow 25% year-over-year. But this report failed to meet Wall Street expectations and it sent Amazon shares tumbling down after the close by 3%, or $31.46, to $1,046.

So Bill Gates can sleep peacefully tonight knowing that he awakens Friday still worth more money than anyone on this planet.

source: WSJ

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7 Comments

1. juandante

Posts: 679; Member since: Apr 23, 2013

And me can hardly pay 2$ for my lunch...

2. tangbunna

Posts: 474; Member since: Sep 29, 2016

average rich human expense is 500$ per day for foods and 500$ per day for his everyday tools for a living sending more than that can make the world become a disaster.

3. Arashmahmoodi25

Posts: 130; Member since: Apr 07, 2017

Good for him

4. Zack_2014

Posts: 677; Member since: Mar 25, 2014

I don't think any one anywhere that high up even cares who's richer.

5. Plasticsh1t

Posts: 3097; Member since: Sep 01, 2014

"So Bill Gates can sleep peacefully tonight" I don't believe that Bill gates gives a s**t. He's been on the top for so many years.

6. PhoneCritic

Posts: 1354; Member since: Oct 05, 2011

But in the end Death makes us all even- No one can take it with them Steve Jobs didn't ( doubt he is worried about Apple or the iPhone of Thermonuclear patent war against Google now) Bill Gates, Warren Buffet, etc... cant take their resources with them when its their time, someone said "..what profit is it for a man to gain the world yet lose his soul?" But hey kudos to them for getting the grace to amass these fortunes.

7. pept68

Posts: 38; Member since: Apr 05, 2013

the thing about gates is he has given away billions to american schools, to cancer research etc. The others have not, well no where near the amount that gates or the gates foundation has. Gates has been the second or third richest man on more than one occasion, by choice... respect!

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