If you’ve been paying attention to the retail world, Amazon, already a giant, is growing at an unstoppable pace. With juggernaut momentum, it seems as if Amazon is telling retailers to get in line or get out of the way. With a surge in Amazon.com Inc. shares this morning, Bloomberg is reporting that the online retailer’s earnings has moved Jeff Bezos past Bill Gates as the richest person on the planet.
Bloomberg reports that Amazon’s shares rose 1.3 percent, giving Bezos a net worth of $90.9 billion versus Bill Gates’ $90.7 billion. If shares continue to move in this direction, by 4:00 pm when the market closes, Bezos will be cemented as the richest man in the world, taking the spot from Gates who has held that honour since 2013.