Jeff Bezos has overtaken Microsoft co-founder Bill Gates to become the world’s richest man, as Amazon shares surged ahead of an earnings report expected later on Thursday.
The value of Mr Bezos’s stake in Amazon rose to $85.7bn on Thursday, thanks to a 40 per cent rise in the share price this year to value the group at around $500bn., making him the wealthiest man in the world according to lists compiled by Forbes and Bloomberg.
Like Mr Gates, Mr Bezos is a Seattle resident who keeps a low public profile. In recent years the Amazon founder has devoted more time to his interests outside the company, which include his rocket maker, Blue Origin, and The Washington Post.
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