Amazon Chief Executive Officer, Jeff Bezos is now $500 million richer than Microsoft founder Bill Gates.
According to Forbes, Bezos’ net worth was estimated at $90.6 billion as at Thursday morning when he gained $1.4 billion in the stock market.
His new net worth makes him $500 million richer than Gates.
Bezos is the seventh person to hold the title of the world’s richest person.
The Amazon CEO’s first feature on the Forbes 400 list was in 1998, a year after his company went public.
Bezos was ranked third richest in the world on Forbes 2017 list of the world’s billionaires.
At the time, he had a fortune of $72.8 billion.
Bezos was only able to dethrone Gates as a result of the philanthropic efforts of the Microsoft founder.
Gates had reportedly given $31.1 billion to charity as at the end of 2016.
