Amazon CEO Jeff Bezos is now the third richest billionaire in the United States after his company’s stock soared on Thursday.
Bezos was rewarded for Amazon’s (AMZN, Tech30) second consecutive quarter of surprise profits.
The stock soared 10 percent and is trading at an all-time high. He is now the fifth-richest person in the world, according to both lists. The surge bumped Bezos’ overall wealth by almost $5 billion overnight.
He’s now worth more than $55 billion. And Bill Gates may no longer be the richest person in the world. Yet Zara founder Amancio Ortega overtook Gates, according to the Forbes list.
Shares of Zara parent company Inditex are surging, sending Ortega’s wealth up more than $2 billion over the past day. Meanwhile, Gates’ value actually fell by $1 billion. Gates is still No. 1 on the Bloomberg list.