Amazon Stock Doubles as Jeff Bezos Becomes World’s 2nd Richest Man
Bezos and co have expanded their base in most parts of the world, including its aggressive push in India.
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Bloomberg’s Billionaires Index has adjudged Amazon CEO, Jeff Bezos as the second richest man on the planet. Bezos has surpassed Amancio Ortega and Warren Buffett to achieve the position.
Microsoft’s co-founder Bill Gates continues to lead the richie-rich list with his net worth a whopping $86 billion.
The Bloomberg Billionaires Index marks the Amazon CEO with his revised net worth at $75.6 billion, followed by Warren Buffet, CEO of Berkshire Hathaway, who has $75.5 billion and and Amancio Ortega, chairman of Inditex fashion group with $74.1 billion.
The report highlights the astounding $1.5 billion that got added to Bezos' wealth after Amazon’s recent acquisition of Souq.com, which is a Dubai-based online retailer. On the whole, Amazon’s stock has risen 50% in the past 12 months.
The online retailing giant is going full throttle in its mission to lead the charts in the Indian e-commerce segment. The company has lured many consumers to its Prime bangwagon by launching Prime Videos earlier this year, for an introductory annual price of Rs 499.
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