Get All Access for $5/mo

News Flash: Jeff Bezos Is Rich 'Alexa, is Jeff Bezos officially the world's richest person yet?'

By Chloe Albanesius

This story originally appeared on PCMag

via PC Mag
Jeff Bezos

In case you were wondering, Jeff Bezos is not hurting for cash.

As Bloomberg notes, a jump in Amazon shares this morning pushed Bezos's net worth to $90.9 billion, which tops the cash pile of that other tech billionaire, Bill Gates, who's at $90.7 billion.

Don't get too excited (or depressed), though. The market is a fickle beast, so a dip in Amazon's stock means Gates could retain his title as the world's richest person come 4 p.m., when the markets close.

Amazon's quarterly earnings call is scheduled for today at 5:30 p.m. ET, at which point Bezos could revel in his status as Very Rich Person or weep in shame at Gates's continued dominance.

A March list of the world's richest people from Forbes put Gates in the number-one position, followed by Warren Buffet and Bezos at number three. That same month, Bezos unseated Buffett and moved into second place, Bloomberg reported, and in May, Time put Bezos in the number-one spot ahead of Gates and fashion exec Amancio Ortega. So do with that what you will.

To most of us, this type of news will be met with a shrug: $90.9 billion vs. $90.7 billion? Seriously? But a number of these execs do at least donate a good chunk of their wealth to philanthropic efforts. Bill and Melinda Gates are part of The Giving Pledge, a group of billionaires who have promised to give away the majority of their wealth.

As the New York Times notes, Bezos has not signed on to the Giving Pledge, though in June, he asked Twitter followers for ideas about how he should shape his "philanthropy strategy." The Bezos Family Foundation is run by his parents, the Times says, but Bezos does not play an active role.

Chloe Albanesius

Executive Editor, PCMag

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Management

High Interest Rates Aren't Going Anywhere — An Economist Explains What This Means for the Cost of Doing Business

Unless the real interest rate drops, companies that borrow to raise capital can expect to keep paying high rates for quite a while. Here's what this is likely to mean for how they do business.

Branding

Why You Need a Customer Mission Statement if You Want a Successful Organization

Traditional mission statements focus on the company, not the customer. To create a more customer-centric organization, start with changing your mission statement by giving it an external focus.

Franchise

Wildly Popular McDonald's Spinoff CosMc's Will Expand to 10 Locations This Year. Find Out Which Cities Will Get An Outpost.

CosMc's, which debuted in Illinois last year, has four locations and six more planned, including one in a new city.

Living

Get a One-Year BJ's Membership for Only $20

This wholesale club membership makes buying office essentials more affordable for business leaders.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Life Hacks

Build Your Vocabulary with This $10 App

Impress clients, employees, and more with an improved vocabulary.