Amazon chief executive and founder Jeff Bezos briefly lost his title as the world’s richest man on Thursday, October 24, after his ecommerce giant reported disappointing third-quarter earnings. Shares fell 7% in after-hours trading, pushing his fortune—mostly consisting of his nearly 12% Amazon stake—to $103.9 billion as of 8 P.M. Though shares of Amazon fell on Friday compared to Thursday’s market close, the drop wasn’t as steep as in after-hours trading Thursday. Amazon shares fell 1% to $1,760.78 on Friday, putting Bezos’ net worth at $109.9 billion—and back at number one. Bill Gates is just $4.1 billion behind Bezos at number two richest, worth $105.8 billion.

Source: Forbes October 25, 2019 20:15 UTC