Jeff Bezos, chief executive officer of Amazon.com Inc. and founder of Blue Origin LLC, smiles during the 32nd Space Symposium in Colorado Springs, Colorado, on April 12, 2016.
Matthew Staver—Bloomberg/Getty Images
By Katie Reilly
July 22, 2016

Amazon CEO Jeff Bezos briefly became the third-richest person in the world on Friday, surpassing billionaire investor Warren Buffett for the first time.

By noon on Friday, Bezos’ net worth had reached $65 billion, which put him $300 million ahead of Buffett, Forbes reports. But when markets closed on Friday, his net worth had fallen to $64.6 billion, which returned the upper hand to Buffett by $400 million. Bezos’ successful rise to third place came as a result of Amazon’s strong performance and Buffett’s recent donations to charity, according to Forbes.

Read more: These Are the Richest People in the World

Microsoft founder Bill Gates and Zara founder Amancio Ortega remain the wealthiest people in the world, with fortunes of $78 billion and $74.1 billion, respectively.

Write to Katie Reilly at Katie.Reilly@time.com.

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