Amazon founder and CEO Jeff Bezos is now the richest person on the planet after a bounce in company stock value floated his net worth to a massive $93.8 billion by the end of business on Friday. Bezos ended the day $5.1 billion richer than former No. Bezos, 53, who also owns The Washington Post, briefly moved ahead of Gates in the rankings July 27 when his Amazon stock took off. Amazon stock rocketed 13 percent on Friday, the biggest jump in 2.5 years, fattening Bezos’ portfolio by an extra $10.4 billion in a matter of hours. The booming stock performance followed a strong third-quarter earnings report that exceeded analyst expectations for the company, Bloomberg noted.

Source: Huffington Post October 28, 2017 04:07 UTC