Jeff Bezos is currently the richest man in the world

FILE - In this June 18, 2014, file photo, Amazon CEO Jeff Bezos introduces the new Amazon Fire Phone in Seattle. Bloomberg's billionaire index shows Bezos moved past Warren Buffet to become the third richest person in the world on Thursday, July 21, 2016. (AP Photo/Ted S. Warren, File)

AUSTIN (KXAN) — Bill Gates has been ousted as the richest man in the world by another tech giant, Jeff Bezos.

According to Forbes, when markets opened on Thursday, Bezos had a net worth of $90.6 billion, putting him $500 million ahead of Microsoft founder Gates.

While Bezos is having a good week, Whole Foods–the grocery store Amazon is in the process of purchasing–saw sales fall 1.9 percent for the past three months that ended July 2. Facing pressure from investors to improve, Whole Foods agreed to be acquired by Amazon in a $13.7 billion deal announced last month.

Since Forbes started tracking the world’s richest people, Bezos is now the seventh person to hold the title.

With additional reporting by the Associated Press provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Users who violate these terms, including use of vulgar language or racial slurs, will be banned. If you see an inappropriate comment, please flag it for our moderators to review.

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