For a second time in three months, Amazon Chief Executive Officers, CEO, Jeff Bezos, has been named the world's richest person, overtaking Microsoft's Bill Gates, according to Forbes' latest Real-Time List of Billionaires.
The online retailer has growing interests in film, television, cloud computing, artificial intelligence and drones. According to a report, Bill and Melinda Gates together have donated at least $35 billion since 1994.
Bezos owned almost 80 million shares in Amazon as of August, according to the most recent available data from FactSet.
Asia Now Has More Billionaires Than the US
Led by China , the number of the region's billionaires surpassed the US for the first time. Three-quarters of the world's new billionaires hail from China and India.
His wealth briefly eclipsed that of Gates, the Microsoft Corp.co-founder, on an intraday basis on July 27, but Amazon shares ended that day lower, leaving Bezos at No. 2.
Gates has given away nearly 700 million Microsoft shares and US$2.9 billion of cash and other assets since 1996, according to an analysis of his publicly disclosed giving. He made more than $10 billion from the one-day stock surge and is now worth well over $90 billion.
Earlier this year, Amazon acquired Whole Foods for $13.7 billion, its largest acquisition to date. If the share gains hold through today's close, Bezos will top the index for the first time. He dropped down in 2007 and didn't make it to the top again until 2017, largely because he gave away tens of billions of dollars to various causes. Facebook Inc's Mark Zuckerberg added US$2.1 billion.