Amazon shares fell 7% in after-hours trading on Thursday, causing Bezos to lose nearly$7 billion in stock value and seeing his worth dwindle down to $103.9 billion.
According to Forbes, Amazon reported a 26% drop in net income in its third quarter. Thursday’s drop was the first profit decline for the multinational e-commerce company since 2017.
Instead, Bill Gates has reclaimed the top spot. The Microsoft co-founder is currently wort $105.7 billion. Bezos had taken away Gates’s title as the world’s richest man in 2018.
