Jeff Bezos overtakes Bill Gates as world’s richest man

Bill Gates has been overthrown from the rich list by Amazon founder Jeff Bezos.

With a net worth now standing at  $91.4 billion, the Amazon founder has gone past Gates on the ultimate rich list by a $1.4 billion.

According to Forbes, 53-year-old Bezos now ranks top of the richest person in the world list after stocks of his company rose to 1.6% on Thursday.

And Bezos owns about 17% of shares in the online retail company which is now worth $500 billion.

On Wednesday night, Forbes had released a publication that Bezos was less than $1 billion away from overthrowing Gates.

Bezos first featured on the 400 richest Americans list in 1998, a year after Amazon went public, with a $1.6 billion fortune.

Meanwhile, Gates’ first inclusion in the billionaires’ list was in 1982, and has been number one for 18 of the past 23 years.