Billionaire Bezos is back in the top 3 richest businessmen in the world. Who has he displaced?

Amazon founder Jeff Bezos has become one of the world's top three richest people thanks to Amazon's stock soaring to a record high, Bloomberg's list of billionaires showed. The ranking continues to be dominated by representatives of the technology sector. The reshuffle in the ranking occurred after the publication of quarterly reports of five companies from the "Magnificent Seven" for two days.

Amazon shares rose 9.6% on Friday, October 31, to a record closing high of $244.2 - after publishing a report that beat analysts' expectations. That boosted Bezos' fortune by $18.6 billion to $265 billion, according to the Bloomberg Billionaires Index, and he owns about 8.6 percent of the company, Barron's noted.

Bezos has displaced Meta CEO Mark Zuckerberg, who owns about 13% of the company, Barron's reported. After Meta's management warned about the growing costs of developing artificial intelligence, investors began to sell off the company's shares: in two days, the securities lost about 14% of their value. For the entire month of October, Zuckerberg's fortune fell from $258 billion to $229 billion - as a result, he fell to fifth place in the ranking of billionaires, writes Barron's.

Tesla CEO Elon Musk remained at the top of the list with a fortune of $469 billion, according to the Bloomberg Billionaires Index at the end of October. In second place is Oracle Chairman Larry Ellison with a fortune of $323 billion. At the beginning of the year, he was in fourth position in the Bloomberg ranking, but rose thanks to the growth of Oracle shares after the publication of strong quarterly reports in September. Ellison owns about 41% of Oracle, Barron's notes, with his stake boosted by a multi-year share repurchase program. Previously, his 1.2 billion shares accounted for about 23% of the company, Barron's analysis showed. Ellison this year is the leader of the Bloomberg Billionaires Index list in terms of fortune growth: it added $131 billion.

The fourth and sixth places in the Bloomberg Billionaires Index are occupied by Google co-founders Larry Page ($244 billion) and Sergey Brin ($228 billion). The top ten also includes the head of the French luxury concern LVMH Bernard Arnault ($193 billion), former head of Microsoft Steve Ballmer ($178 billion), head of Nvidia Jensen Huang ($176 billion) and head of Dell Technologies Michael Dell ($164 billion). Legendary investor and CEO of Berkshire Hathaway Warren Buffett, with a fortune of $144 billion, is no longer in the top 10 richest people in the world - he ranks 11th.

All of the top 10, including Arnault, have increased their fortunes this year amid a 16.3% rise in the S&P 500 index, Barron's notes.

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