When the markets opened Thursday, Microsoft founder Bill Gates lost his standing as the world's richest man. That honor now belongs to Amazon founder Jeff Bezos.
Amazon shares jumped Thursday morning, pulling up Bezos' net worth by $1.4 billion. As of 12 p.m. ET, Forbes' real-time list of the world's billionaires calculated Bezos has a net worth of $91.4 billion, while Gates' net worth now sits at a mere $90.1 billion.
Aside from Gates and Berkshire Hathaway CEO Warren Buffett, Bezos is the third American to top the list since its inception in 1987 and the seventh person to hold the top spot. The New York Times reported that Gates has topped Forbes' list "for 18 out of the last 23 years."
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Of course, Gates could always take back the top spot if Microsoft stock picks up from its slight drop, or if Amazon's takes a tumble. But with Amazon potentially on the path to becoming the first-ever trillion-dollar company, it certainly seems Bezos just might give Gates a run for his money.