Amazon.com founder and The Washington Post owner Jeffrey P. Bezos on Thursday briefly became the richest person in the world, displacing Microsoft founder Bill Gates.
Bezos' rise to No. 1 followed a surge in Amazon.com shares Thursday ahead of the online retailer's earnings report due out later in the day. The company's shares have been on a tear over the past year, passing the $1,000 mark and hitting $1,082 around noon on Thursday, propelling Bezos, 53, to $90.6 billion compared with Gates's $90.1 billion. Gates, 61, who built his fortune through Microsoft, has long been among the world's richest and had held the top spot since May 2013.