NEW YORK (AP) — Forbes magazine says Amazon CEO Jeff Bezos briefly became the world’s richest man Thursday, as stock in his e-commerce company hit an all-time high.
Microsoft founder Bill Gates reclaimed the lead by afternoon, as Amazon’s stock fell below the day’s opening price.
Still, Amazon has been trading at a record high. Its shares hit $1,083.31 at about noon Thursday. According to securities filings, Bezos owns about 80 million shares, or 17 percent; those shares were valued at more than $87 billion at the peak. Bezos also owns The Washington Post through a holding company.
Forbes says Bezos’ net worth was about $90.6 billion when the market opened Thursday. Gates had $90.1 billion.
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