This billionaire is now richer than Jeff Bezos

Mr Bezos stepped down from chief executive of Amazon last year and is now the company's executive chairman. He owns almost 10% of Amazon's shares outstanding as of Aug 24, according to FactSet. — AFP

Jeff Bezos is no longer the second-richest person in the world.

The Amazon.com Inc founder was overtaken recently by Indian industrialist Gautam Adani, whose net worth sits at US$147bil (RM670bil), according to the Bloomberg Billionaires Index, a ranking of the world's richest people.