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

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

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.

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.