Amazon CEO now richest man in the world

Mook

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Bezos's net worth topped $90 billion on Thursday, allowing the Amazon founder and CEO to narrowly dethrone Microsoft (MSFT, Tech30) co-founder Bill Gates as the richest man in the world, according to Forbes and Bloomberg. If Amazon stock holds steady through trading Thursday, Bezos will officially bump Gates, who has been No. 1 since 2013, from the the Bloomberg Billionaires Index.

His world's-richest-man milestone was made possible because of Amazon (AMZN, Tech30)'s surging stock price. The e-commerce juggernaut's market value surpassed $500 billion this week for the first time ever.
The vast majority of the Bezos fortune is tied up in Amazon stock, of which the CEO owns nearly 17%. That stake alone is worth $83 billion, meaning Bezos could just as quickly lose his new title as the world's richest man should Amazon's stock decline, or Microsoft's value rise.
 

Chet Donnelly

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so much better for them, walmart pays for inventory. i learned a lot about selling on amazon on my last trip to se asia. sellers are taking the risk and paying for lots of that inventory for all sorts of products sold on there.

You buy the shit, you pay to ship it to amazon, they sell it, you pay a fee to ship it to customer

Walmart has the same days inventory as Amazon ~45 days. It is public financial record.

Amazon does have a better days payables though giving them a cash conversion edge. Both are very strong!
 

Mike K

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