The founder of Microsoft has been dethroned as the World's Richest Man.

FOX's Hilarie Barsky reports:

Move over Bill Gates, there's a new top dog in town. It's Jeff Bezos founder and CEO of Amazon. He's now claimed the title as World's Richest Man with a net worth of over $90 billion. Bezos' narrowly unseating Bill Gates for the top spot, this according to Forbes.

Shares of Amazon hitting fresh records and advancing over 40 percent this year, which in turn has propelled Bezos' growth of wealth.

Gates had been the reigning king since 2013 until giving up his crown to Bezos.

Hilarie Barsky, FOX News.