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Thursday , 17 August 2017
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Amazon founder Jeff Bezos becomes the richest man in the world, surpassing Bill Gates

Newspatrolling: After Amazon shares zoomed on the stock market, the company’s founder Jeff Bezos became the richest man in the world, surpassing Microsoft’s Bill Gates. Owning to the rise in share prices, Jeff Bezos’s overall wealth gained nearly $1.7 billion, which propelled him to the top of the Forbes list of World Billionaires. The ranking could be seen in the real-time view of the World’s Billionaires list on Forbes website. It may be recalled that Jeff Bezos owns as much as 20 percent of the shares in Amazon. With the rise in share prices, the value of the stocks of the company has now reached $500 billion. In the real-time view of rankings of World’s Billionaires, Jeff Bezos is on the first spot with a net worth of $91 billion. Next on the list is Bill Gates with a net worth of $90 billion.

The third spot has also witnessed some changes in the real-time view, with Warren Buffet being replaced by Amancio Ortega. Ortega is a Spanish business tycoon and the founder and former chairman of Inditex fashion group, which is widely known for its chain of Zara clothing and accessories retail shops. At third spot, Ortega has a net worth of $83.3 billion. Fourth on the list is Warren Buffett with a net worth of $74.3 billion. On the fifth position is Mark Zuckerberg, founder of Facebook, with a net worth of $72.6 billion.

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