--- title: Jeff Bezos Beats Warren Buffett for the Billionaire Bronze Medal description: In the battle over billionaire bounty, Jeff Bezos has officially surpassed Warren Buffett as the world's third richest person. authors: - name: Alexandra Mondalek url: https://money.com/author/alexandra-mondalek/ at_money_since: 2015 articles: 44 covers: - Banking - Career Advice - Credit Cards - Economy and Politics - Education - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Retirement - Shopping - Taxes - Technology social: - https://x.com/amondalek former_staff: true published: '2016-07-29T13:12:02.000Z' modified: '2024-05-08T03:59:39.000Z' section: Business tags: - Amazon - Berkshire Hathaway - Jeff Bezos - pubdesk - Warren Buffett - Wealth word_count: 291 canonical: https://money.com/jeff-bezos-third-richest-person/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Key Speakers At The 32nd Space Symposium](https://img.money.com/2016/07/gettyimages-520716340.jpg) *Jeff Bezos, chief executive officer of Amazon.com Inc.* Battles for brain and brawn aside, the battle over billions is all shook up as the ranking of the world's richest people has shifted. Amazon's Jeff Bezos, founder and CEO of the absolutely dominating e-commerce behemoth, is now the [third-richest person](http://www.reuters.com/article/us-bezos-buffett-idUSKCN1082OI) in the world, trailing Microsoft co-founder Bill Gates and Zara founder Amancio Ortega, *Forbes* reports*.* Bezos bumped Berkshire Hathaway CEO Warren Buffett from the top three to spot number four, followed by Facebook founder Mark Zuckerberg. Bezos' bump on the rich list is a result of Amazon's stock price increase Thursday, following a strong earnings report. As of 5PM Thursday, Bezos' net worth was $66.5 billion, up $2.6 billion from the previous day. He's now worth about $1.5 billion more than Buffett. While Buffett may be trailing in the battle for billionaire bragging rights, his fall to fourth isn't because his businesses were suddenly less lucrative. The stock market legend has donated more than $26 billion to various charities since 2006, nearly $3 billion of which was donated in the last month and accounted for the ranking drop. ***Read More: 10 Numbers That Show How Amazon Is Absolutely Dominating*** Buffett seemingly has a bit of fun giving his money away, too. In February, the Oracle of Omaha said he would give $1 million a year to the Berkshire employee who correctly [predicted the first two rounds](https://money.com/warren-buffett-march-madness-bet/) of the 2016 NCAA tournament—for the rest of that person's life. Buffett also took a hit after the historic Brexit vote to leave the EU in June. Financial services research firm KBW estimated that Buffett's Berkshire Hathaway [lost $800 million](https://money.com/warren-buffett-losses/) (on paper, at least) because of the market slump immediately following the vote, in addition to the billions he lost from other equity holdings shook by the referendum's decision. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/jeff-bezos-third-richest-person/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Business", "item": "https://money.com/business/" }, { "@type": "ListItem", "position": 3, "name": "Entrepreneurship", "item": "https://money.com/entrepreneurship/" }, { "@type": "ListItem", "position": 4, "name": "Jeff Bezos Beats Warren Buffett for the Billionaire Bronze Medal" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/jeff-bezos-third-richest-person/#webpage", "url": "https://money.com/jeff-bezos-third-richest-person/", "name": "Jeff Bezos Beats Warren Buffett for the Billionaire Bronze Medal", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2016-07-29T13:12:02.000Z", "mainEntity": { "@id": "https://money.com/jeff-bezos-third-richest-person/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/jeff-bezos-third-richest-person/#breadcrumb" }, "dateModified": "2024-05-08T03:59:39.000Z" }, { "@type": "Article", "headline": "Jeff Bezos Beats Warren Buffett for the Billionaire Bronze Medal", "articleSection": "Business", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2016/07/gettyimages-520716340.jpg", "width": 5472, "height": 3648, "caption": "Key Speakers At The 32nd Space Symposium" } ], "author": [ { "@type": "Person", "name": "Alexandra Mondalek", "url": "https://money.com/author/alexandra-mondalek/", "@id": "https://money.com/author/alexandra-mondalek/#author", "sameAs": [ "https://x.com/amondalek" ] } ], "publisher": "https://money.com/#organization", "datePublished": "2016-07-29T13:12:02.000Z", "description": "In the battle over billionaire bounty, Jeff Bezos has officially surpassed Warren Buffett as the world's third richest person.", "abstract": "In the battle over billionaire bounty, Jeff Bezos has officially surpassed Warren Buffett as the world's third richest person.", "@id": "https://money.com/jeff-bezos-third-richest-person/", "inLanguage": "en-US", "dateModified": "2024-05-08T03:59:39.000Z", "wordCount": 291, "keywords": [ "Amazon", "Berkshire Hathaway", "Jeff Bezos", "pubdesk", "Warren Buffett", "Wealth" ], "about": [ { "@type": "Thing", "name": "Business", "sameAs": [ "https://en.wikipedia.org/wiki/Business" ] }, { "@type": "Thing", "name": "Entrepreneurship", "sameAs": [ "https://en.wikipedia.org/wiki/Entrepreneurship" ] } ] } ] } ```