Jeff Bezos Reclaims Title As World's Richest Man

Jeff Bezos on Thursday, October 24, lost his status as world’s richest man to Bill Gates after a drop in Amazon’s stock - The billionaire, however, reclaimed his status overnight as his company’s shares recovered and rose significantly on Friday morning, October 25.

According to Bloomberg’s real-time Billionaires Index, Bezos, with a net worth of $110 billion, is the world’s richest while Gates occupies the second spot with a net worth $108 billion.

The battle to become the world’s richest, and retain the status, is always an endless one. A simple financial/economic event could displace and replace the person occupying the powerful position. Many billionaires have occupied the coveted position but in recent times, the seat has been shared by Jeff Bezos, the owner of Amazon, and Bill Gates, Microsoft Corporation’s founder.