They’re both rich, let’s face it, but when you’re that rich, sometimes how rich you are might matter.
Last week Amazon CEO Jeff Bezos momentarily bumped Warren Buffet and was the third wealthiest person on this planet. The move came after Buffett had a particularly bad day on Wall Street last Thursday. He ended the day with a net worth of $65 billion while Bezos came in with $65.1 billion.
Bezos’ new rank didn’t last long. By Friday Buffett took his spot back.
Don’t be too sad Mr. Bezos, your company is now the fifth most valuable company in the United States. Plus Buffet has had such nice things to say about you. He commented on Bezos in the past when he told Squawk Box in May, “We haven’t seen many businessmen like him. Overwhelmingly, he’s taken things you and I’ve been buying and he’s figured out a way to make us happier buying those products, either by fast delivery or prices or whatever it may be, and that’s remarkable.”
Disclaimer: We have no position in Amazon.com Inc. (NASDAQ: AMZN) and have not been compensated for this article.