Amazon’s Jeff Bezos Retakes World’s No. 3 Richest Title From Sergey Brin

ByTy Roush,

Forbes Staff.

Jeff Bezos became the world’s third-richest person again on Tuesday while reclaiming the spot from Google cofounder Sergey Brin, who surpassed Bezos earlier this month, as Amazon shares rose after announcing it would shutter dozens of retail stores to expand its Whole Foods Market business.

Shares of Amazon rose 2.4% to above $244 as of 3:15 p.m. EST, while Alphabet shares increased slightly (0.6%).

An uptick for Amazon’s stock followed an announcement Tuesday that the company would close all of its Amazon Go and Amazon Fresh physical stores to shift its focus to online same-day delivery service and open more than 100 new Whole Foods stores in the coming years.