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Jeff Bezos is close to losing the title of the world's richest person



Much of Bezo's wealth is tied to Amazon's stock. He owns about 57 million shares, or about 12% of the company. His net worth lost about $ 3 billion after Amazon's shares fell about 2% in Friday trading. This is a sharp setback compared to afternoon trading on Thursday, when it was down as much as 9%.

Meanwhile, Gates has made $ 17 billion so far today, according to Bloomberg. He owns about 1% of Microsoft, which is up 40% this year. Amazon shares are up 17% for the year.

The two men were to watch the French billionaire Bernard Arnault. He is the only other person on Forbes' list worth more than $ 1
00 billion. In July, CEO of luxury goods manufacturer took over LVMH ( LVMHF ] Gates & # 39; second place.

– CNN Business & # 39; Paul R. LaMonica contributed to this report.


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