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Amazon ships Bezos early holiday gift: World's richest title

After a massive surge in Amazon's stock Friday, company's CEO Jeff Bezos passes Gates to become the richest person globally.

Tech And Media Elites Attend Allen And Company Annual Meetings In Idaho
"Hi, yes, that's my giant pile of money over there!"
Drew Angerer/Getty Images

Three months ago, Jeff Bezos was for a brief moment the world's richest person. This time, Amazon's CEO and founder may get to keep that title for a little longer.

On Friday, the online retailing giant's stock shot up a whopping 13 percent, a huge amount for such a large company, after Amazon easily outpaced its third-quarter earnings expectations.

That surge catapulted Bezos -- yet again -- to world's richest, according to both Bloomberg and Forbes, helping him take the crown from Microsoft co-founder and former CEO Bill Gates, who's been in the top position since 2013.

Bezos' wealth reached $93.8 billion, as of Friday's market close, rising $10.4 billion (this is not a typo) in just one day. No need to feel bad for Gates, since his net worth is $88.7 billion, Bloomberg reported.

Bezos' fortune has risen a staggering $28.5 billion this year, Bloomberg said, thanks to a huge rise in Amazon's stock. That shows the stock market is expecting Amazon to keep growing strong for years to come as it's dominance in e-commerce may spread to more areas like grocery, drones and television.

While Gates has contributed billions of dollars to his Bill and Melinda Gates Foundation, Amazon's CEO is still not a major name in philanthropy. However, he has expressed an interest in giving away more of his wealth. He may have another reason to do so now.

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