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

Starting a Business

How to Find the Right Programmers: A Brief Guideline for Startup Founders

For startup founders under a plethora of challenges like timing, investors and changing market demand, it is extremely hard to hire programmers who can deliver.

Fundraising

Working Remote? These Are the Biggest Dos and Don'ts of Video Conferencing

As more and more businesses go remote, these are ways to be more effective and efficient on conference calls.

Growing a Business

You Need an Advisory Team More Than Ever. Here's Why — and How to Run One Effectively.

The right advice, particularly in a company's early stages, can be an existential matter: how to surround yourself with the right minds.

Growing a Business

The Best Way to Run a Business Meeting

All too often, meetings run longer than they should and fail to keep attendees engaged. Here's how to run a meeting the right way.

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.

Growing a Business

4 Financial Blind Spots That Could Be Preventing You From Making More Money

If you're ready to grow but feel stagnated and not sure why, check out these common money secrets where revenue is hiding.