Saturday 23 July 2016

Amazon CEO Jeff Bezos has become the 3rd-richest man in the world!

Amazon CEO Jeff Bezos is now the third-richest man in the world.
According to Bloomberg, Bezos' total net worth hit $65.05 billion on Thursday, pushing him past Warren Buffett, Berkshire Hathaway's founder, by $32 million.
That puts Bezos' net worth behind only two people in the world: Amancio Ortega, Spain's business magnate, best known for founding the clothing retailer Zara, and Microsoft cofounder Bill Gates.
Bezos' rise is largely because of his stock ownership in Amazon, the online retailer that's now the fifth most valuable company in the US behind Apple, Alphabet, Microsoft, and ExxonMobil.
Amazon's stock has been on an absolute tear since February, jumping over 50% in less than five months.
It was only in April when Bezos displaced Mexican mogul Carlos Slim as the fourth-richest person in the world.
But Bloomberg also pointed out that Buffett's net worth took a hit this month after he donated $2.2 billion in July.
Bezos' net worth could grow even more next week, when Amazon reports its quarterly earnings, which most analysts expect to be another blowout quarter.
But don't expect Bezos to celebrate his wealth in any fancy way. He's notorious for his frugality, which is deeply ingrained in Amazon's corporate culture as well. Perhaps he's more interested in seeing how his cameo role in the upcoming "Star Trek Beyond" will look like this weekend.

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