Jeff Bezos regains world's richest man title after momentary snag

Amazon founder and CEO Jeff Bezos regained his top position as World’s richest man after he lost title briefly to Bill Gates, principal founder of Microsoft Corporation. Earlier, Bezos h lost nearly $7 billion in stock value after third-quarter results of Amazon showed a dip in revenue.

Amazon shares fell 7 per cent, on October 24, in after-hours tring which led to a significant drop in Bezos’ net worth. Bill Gates’ net worth stood at $105.7 billion, ahe of Bezos’ $103.9 billion. But fortune of Amazon CEO once again took a turn on Friday, October 25, and Bezos’ net worth soared to $109.9 billion twithstanding shares dipped by 1 per cent to $ 1, 760.78.

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Top position even after divorce settlement

Earlier in October, Forbes’ h listed Jeff Bezos on top of 400 wealthiest Americans, ahe of Bill Gates and Warren Buffett. He maintained his position even after parting 19.7 million shares of Amazon (4 per cent holding which was valued at $38 billion) to MacKenzie as a divorce settlement.

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MacKenzie decided to donate 

y finalised ir divorce settlement in July which paved for MacKenzie to get $38.3 bn which took her to 22nd place on Bloomberg Billionaire Index. But she decided to donate half of her alimony amount to investor Warren Buffett’s philanthropic campaign ‘ Giving Pledge’. 

“My approach to philanthropy will continue to be thoughtful. It will take time and effort and care. But I won’t wait. And I will keep at it until safe is empty,” wrote MacKenzie in an open letter recently,” wrote MacKenzie in an open letter.

In a joint statement, w separated couple, said, “We want to make people aware of a development in our lives. As our family and close friends kw, after a long period of loving exploration and trial separation, we have decided to divorce and continue our shared lives as friends”.

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