Amazon Founder Overtakes Bill Gates to Become World's Richest Man

Amazon Founder Overtakes Bill Gates to Become World's Richest Man

New York: A rally in e-retail behemoth Amazons share price on Thursday propelled founder Jeff Bezos to the top of a list of the world's richest individuals, media reported.

Bezos, who is also Chairman and Chief Executive of the Seattle-based company, was worth almost $91 billion after Amazon's share price rose more than 1 per cent in morning trading in New York, the Independent reported.

That puts his fortunate ahead of Microsoft co-founder Bill Gates's. The latter has a net worth of around $90.7 billion and has been at the top of Bloomberg's rich list since 2013.

Amazon's share price has endured a meteoric rise in recent years, surpassing the $1,000 apiece mark, partially helped by its Prime shopping club, media streaming services and the launch of products like the Alexa home assistant.

Back in April, the company reported that net sales rose 23 per cent to $35.7 billion for the first quarter of 2017.

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Bill Gates, Amazon, Jeff Bezos

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