Jeff Bezos becomes world’s second richest person with Amazon share surge

Jeff Bezos has leapt past Amancio Ortega and Warren Buffett to become the world’s second-richest person, according to the Bloomberg Billionaires Index


Jeff Bezos remains $10.4 billion behind Microsoft co-founder Bill Gates, the world’s richest person with $86 billion. Photo: Hemant Mishra/Mint.
Jeff Bezos remains $10.4 billion behind Microsoft co-founder Bill Gates, the world’s richest person with $86 billion. Photo: Hemant Mishra/Mint.

London: Jeff Bezos has leapt past Amancio Ortega and Warren Buffett to become the world’s second-richest person.

Bezos, 53, added $1.5 billion to his fortune as Amazon.com Inc. rose $18.32 on Wednesday, the day after the e-commerce giant said it plans to buy Dubai-based online retailer Souq.com. Bezos has a net worth of $75.6 billion on the Bloomberg Billionaires Index, $700 million more than Berkshire Hathaway Inc.’s Buffett and $1.3 billion above Ortega, the founder of Inditex S.A. and Europe’s richest person.

Amazon’s founder has added $10.2 billion this year to his wealth and $7 billion since the global equities rally began following the election of Donald Trump as US president on 8 Novemeber. The rise is the third biggest on the Bloomberg index in 2017, after Chinese parcel-delivery billionaire Wang Wei’s $18.4 billion gain and an $11.4 billion rise for Facebook Inc. founder Mark Zuckerberg.

Buffett, who’s added $1.7 billion in 2017, has shed $4.7 billion since his fortune peaked at $79.6 billion on 1 March. Ortega is up $2.1 billion year-to-date. Bezos remains $10.4 billion behind Microsoft co-founder Bill Gates, the world’s richest person with $86 billion. Bloomberg

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