While most people will never need to worry about having billions of dollars to manage, some few do confront such challenges on a regular basis. As might be expected, many of those who fall into this camp today have backgrounds in the field of technology. A recent recap link from the Twitter profile for Rockwell Trading went into how a bit of unexpected market movement briefly removed a longtime title holder from the top spot and temporarily put another billionaire in his place.
Amazon Might Have More Mind Share, but Microsoft Remains a Tech Behemoth
For many years, Microsoft founder Bill Gates has been consistently ranked as the world’s richest person. While the forty-plus year-old technology company he created is not quite as dominant as it used to be, it still rakes in many billions in revenue every year.
As someone who still owns an impressive share of the company’s outstanding stock, Gates has often topped lists of the world’s richest people with ease. That has remained true even in recent times when other technology focused businesses have started to seem more relevant to many people.
Amazon founder Jeff Bezos is another technology luminary who has retained a huge portion of the stock issued by the company he created. Where Microsoft has a knack for remaining profitable even through tough times, Amazon often chooses to reinvest its own revenues. Partly because of this, Bezos has typically trailed Gates by a good bit in calculations that aim at assessing who has the most money.
A Blip on the Radar or a Sign of Things to Come?
That accustomed balance was briefly upset on one recent trading day, however. Thanks to a somewhat unexpected confluence of factors, the value of Amazon’s stock shot up quickly just as traders were selling their Microsoft shares.
As a result, Bezos took the net worth crown for a short reign, with Gates falling from his usual position for the first time since quite a while back. While an ensuring sell-off of Amazon stock put the longtime king back on top and returned Bezos to second place, some observers have speculated that the latter could end up taking the crown back again before too long.