Bill Gates: Jeff Bezos is not World’s richest man, Bill Gates reaches number one again: Amazon’s founder Jeff Bezos has lost the title of world’s richest man. Bill Gates has now become the richest man in the world, beating Jeff Bezos. In fact, after the third quarter results, Amazon shares have fallen by 7 percent, after which Bezos’ assets have come down to $ 103.9 billion. Number one is occupied by Bill Gates, whose assets are valued at US $ 105.7 billion.
In 2018, Bezos became the richest person, leaving behind Bill Gates, who has made his mark as the world’s richest man for the last 24 years. His assets reached 160 billion dollars during that time. Amazon reported a net loss of 26 percent in the third quarter. This is the first decrease in Amazon’s profit since 2017.
Bill Gates was first included in Forbes ‘list as the world’s richest person in 1987, while Jeff Bezos was included in Forbes’ list of America’s 400 Richest in 1998. Bezos divorced in April, becoming known as the world’s most expensive settlement.
Amazon’s net sales
Amazon’s net sales increased by $ 70 billion in the third quarter, compared to $ 56.6 billion in the same period last year, this time by 14 percent, but the company’s net income decreased by $ 2.1 billion compared to the same time last year. The period stood at $ 2.9 billion. On Thursday, Amazon stock fell nearly 9 percent to $ 1,624 a share.
Amazon has an interesting business story in India. Amazon.in debuted in India on June 5, 2013. Currently, Amazon owns 30 percent of India’s e-commerce market and is the largest site used for shopping in the country. After establishing itself in the e-commerce market, Amazon launched a number of products in India, including Amazon Echo, Prime Video, Prime Subscription, Kindle, Alexa-enablel third party device, Amazon Music and Amazon Pay.