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Bill Gates beats Jeff Bezos, reclaims the world's richest man title

The Amazon boss had ended Gates's 24-year run as the richest man in 2018.

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Updated: Oct 25, 2019, 11.04 AM IST
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​After triumphing Bill Gates (L) last year, Jeff Bezos had became the first man on earth with a net worth of $160 billion.​
After triumphing Bill Gates (L) last year, Jeff Bezos had became the first man on earth with a net worth of $160 billion.
SEATTLE: Amazon founder and CEO Jeff Bezos has lost the title as the world's richest man, paving the way for tenacious Bill Gates to grab the top spot after Amazon's lacklustre Q3 results resulted in Bezos losing nearly $7 billion in stock value.

Amazon shares fell 7 per cent in after-hours trading on Thursday, leaving Bezos down to $103.9 billion.

Microsoft co-founder Bill Gates is currently worth $105.7 billion.

Bezos ended Gates' 24-year run as the richest man in 2018 and became the first man on earth with a net worth of $160 billion.

Richest Indian CEOs: These Bosses Beat Google Head Pichai, Nadella; 2 Woman Among Top 10

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Born Rich

10 Oct, 2019
Famous last names are a constant feature on rich lists. But in this age of the superstar CEO, even non-promoter names can be spotted on the list of the wealthiest. The IIFL Wealth Hurun India Rich List 2019 has compiled the names of the ‘richest non-promoter Indians.’In this top 10 list, only one name totes resident Indian tag. The other nine are CEOs of Indian-origin, heading companies in the US.
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Amazon reported a 26 per cent drop in net income in its third quarter, its first profit decline since 2017, reports Forbes.

In after-hours trading, Amazon dropped nearly 9 per cent to $1,624 per share.

Gates debuted on Forbes' first ever billionaire list in 1987 with a net worth of $1.25 billion.

Bezos first joined The Forbes 400 list of richest Americans in 1998, one year after Amazon went public, with a net worth of $1.6 billion, the report added.

The Bezos couple finalised their divorce in April in what was reported as the biggest divorce settlement in history, entitling MacKenzie Bezos to Jeff Bezos' stocks worth around $36 billion.

Nadella's 3-Rule Method, Bezos's 2-Pizza Team Norm: How Top Bosses Make Meetings More Produ...

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Let's Talk Business

28 Aug, 2019
Microsoft CEO Satya Nadella has a three-rule method to make meetings more productive. The rules are: Listen more, talk less and be decisive when the time comes. Here is a look at other business leaders and their rules of engagement.(In pic: Satya Nadella, Jeff Bezos)
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