Amazon shares fell 7 per cent in after-hours trading on Thursday, leaving Jeff Bezos down to $103.9 billion.
Seattle: Amazon founder and CEO Jeff Bezos has lost the title as the world’s richest man, paving the way for tenacious Bill Gates to grab the top spot after Amazon’s lacklustre Q3 results resulted in Mr Bezos losing nearly $7 billion in stock value.
Amazon shares fell 7 per cent in after-hours trading on Thursday, leaving Mr Bezos down to $103.9 billion.
Microsoft co-founder Bill Gates is currently worth $105.7 billion.
However Gate has retained his title of the richest billionaire in world.