Topical
Jeff Bezos, Amazon CEO, became the world's richest man, defeating Bill Gates, co-founder Microsoft.
The recent surge in Amazon stock has pushed Bezos' fortune to over $90 billion, vaulting him past Bill Gates. Bezos has been chasing Gates for the number one spot for a few years now and finally succeeded in superseding him. But this dream run was short-lived. On Thursday, Bill Gates was crowned again as the world's richest man as Amazon stocks went down by 1%.
Because their wealth is largely a result of the shares they own of their company and its fluctuating price, it is possible that the wealthiest title may go back and forth between Gates and Bezos.
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Discussion
Please explain how Bezos finally managed to surpass Gates as the wealthiest man alive.
Is this kind of level of personal wealth good or bad for the society?
What rich people in your country do with their money?