Amazon's Bezos leapfrogs Gates as world's richest person

Neal Hamberg  Bloomberg | Getty Images

The online retailer has growing interests in film, television, cloud computing, artificial intelligence and drones.

Mr Bezos's growing fortune is likely to antagonise tax authorities around the world, which accuse Amazon of aggressively avoiding tax.

Jeff Bezos is on track to become the world's richest person.

On one hand, Bill Gates has funneled billions of dollars into his charitable foundation, the Bill and Melinda Gates Foundation, which educates women and combats disease in impoverished countries across the globe, among other important causes.




At early trading time on Friday, Amazon stocks had risen by almost 2 percent, adding $900m to the Amazon CEO's net worth and him the world's richest man with a net worth of $90.6bn versus Gates' $90.1bn at that time. However, Bill Gates remained at the top position thanks to a 7 per cent spike in Microsoft's stock overnight.

Bezos, 53, topped the list July 27 before losing it hours later to Microsoft co-founder and CEO Bill Gates. Gates's wealth also increased, albeit by a more modest $340 million, after Microsoft released its own earnings report.

Amazon has been on a tear this year. In 2017, the billionaire couple gave away $4.6 billion worth of shares in charity, making it their second biggest donation after $16 billion which they donated in 1999. Facebook Inc's Mark Zuckerberg added US$2.1 billion.

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