Jeff Bezos is once again the richest person in the world after two weeks at No. 2,

Jeff Bezos is once again the richest person in the world after two weeks at No. 2,

Amazon’s Jeff Bezos reclaimed the No. 1 spot two weeks after losing the title of the richest person in the world to LVMH chief Bernard Arnault. According to Forbes, Amazon shares closed more than 2% higher on Thursday, June 10, boosting Bezos’ net worth by $3.5 billion, while shares in Arnault’s luxury conglomerate LVMH slumped by nearly 1%, slashing $1.4 billion from his fortune. Bezos’ net worth now stands at $193.5 billion, Forbes estimates, compared to Arnault’s $192.9 billion.  In the report, Forbes said it’s been a rollercoaster few weeks for the two titans, who have been trading the top spot back and forth. On May 24 and 25, Arnault briefly passed Bezos before the markets opened in New York and Amazon shares rose, giving the Amazon founder the upper hand. Then, on May 27, Anault took the lead and held it for two weeks.  Most of Bezos’ net worth is tied up in his Amazon shares. He owns about 10% of the e-commerce giant in addition to an estimated $19 billion worth of cash and investments, $500 million in real estate, plus aerospace company Blue Origin and the Washington Post.

Idowu Babalola Photo
Idowu Babalola

Socially Not Social. IG & Twitter - @Idbragga

All author posts
Related Posts
Aliko Dangote Now 64th Richest Man In The World
Aliko Dangote Now 64th Richest Man In The Wor...

President of Dangote Group, Alhaji Aliko Dangote, has significantly moved up in the world billionaires’ list as he emerged...

EDUBOX International Relations Officer, Researcher and Lecturer Ahmadu Bello University, Zaria calls on Corporate Organizations to Invest in Public Education
EDUBOX International Relations Officer, Resea...

Vastly, the most jarring issue today is the call of Academic Staff Union of Universities(ASUU) for proper funding of...

Michelle Obama visits late Dora Akunyili’s daughter
Michelle Obama visits late Dora Akunyili's da...

Michelle Obama has visited late Dora Akunyili’s daughter at work. The former US first lady visited Nigerian born Njideka...

Write A Comments