World’s richest man is now Jeff Bezos beating Bill Gates after 3 years.

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Bill Gates has finally been moved to the second position after Jeff Bezos who has climed to number one spot now on the list of the richest people of the world.

Jeff Bezos who is the founder and CEO of Amazon is the richest man in the world. This happened when the shares of Amazon surged up causing Bezos’s net worth to shoot up to $90.4 billion. Bill Gates who has been holding this spot unbeatedly since 2013.

Jeff has had a steady ascend on this list. He started the year being the fourth richest person in the world. He has surpassed Amancio Ortega, and Warren Buffett.  The shares of Amazon have risen by 40% this year causing Bezos’s 17% ownership stake to add $24.5 billion to the overall net worth.

The overall shares of Amazon will rise up to 22% per quarter. This year, Amazon has expanded its business and entered the Singapore market as well. Amazon prime is the main factor bringing a major share of growth for both Amazon and Jeff Bezos.