Amazon founder and CEO Jeff Bezos has lost the title of the world's richest man, pushing Microsoft co-founder Bill Gates back to the top spot.
It comes after Bezos lost nearly $7 billion in stock value after Amazon's lacklustre third-quarter results, pushing his fortune down to $103.9 billion.
Another factor that led to a drop in Bezos' net worth is the transfer of his 4 per cent stake to former wife Mackenzie.
Gates, with a net worth of $105.7 billion, regains the top rank after Bezos had ended his 24-year-reign in 2018.
H.H. Sheikh Mohammed reviews UAE tourism sector achievements for 2025
UAE outlines vision for low-emission hydrogen economy at World Hydrogen Summit
India, US discuss trade as Rubio cites progress on Iran conflict
ENOC signs deal with Allied Biofuels to explore sustainable aviation fuel supply
Mexico, EU sign stalled trade deal as they aim to diversify from US
