Jeff Bezos passes Warren Buffett to become the entire world's second richest person

Jeff Bezos in 0 Seconds

Move over Warren Buffett! Amazon CEO Jeff Bezos can be right now the second richest person on Earth.

The latest tally by Bloomberg’s Billionaires Index shows Bezos can be right now worth about $75.6 billion. Another ranking compiled by Forbes has Bezos’ value at “just” $75.2 billion.

He added $1.5 billion to his net worth after Amazon (AMZN, Tech30) gained $9 billion in market value during trading hours Wednesday.

The company received a generous stock bump after a Barclay’s (AGRPY) analyst declared Amazon will “likely to be one of the first trillion-dollar market cap companies.” Its shares hit a record high shortly after.

Related: Amazon to start collecting state sales taxes everywhere

Amazon’s stock has been on fire lately — the idea’s grown more than 16% over the last year. Investors were pleased with the company’s decision, announced yesterday, to buy Souq, an e-commerce giant from the Middle East.

Amazon isn’t Bezos’s only venture. He also owns space exploration company Blue Origin. Its goal can be to eventually take people on “space tourism” trips in addition to to deliver satellites into orbit for corporate climates. So far, the company has only conducted test flights.

Bezos leapfrogged investing guru Warren Buffett in addition to Spanish fashion tycoon Amancio Ortega, who are worth $74.9 billion in addition to $74.2 billion respectively, to take the number two spot on Bloomberg’s billionaire list. Buffett can be CEO of Berkshire Hathaway (BRKA), in addition to Ortega founded Zara-owner Inditex.

On Forbes’ list, Bezos swapped places with Buffett, nevertheless he still trails Ortega’s net worth by about $1 billion.

Related: Gates Foundation’s latest giveaway: $279 million

Topping both richest-person lists can be still Bill Gates. As founder in addition to CEO of Microsoft (MSFT, Tech30), Gates has amassed an $86 billion fortune.

sy88pgw (brand new York) First published March 29, 2017: 6:31 PM ET

Jeff Bezos passes Warren Buffett to become the entire world's second richest person

Related Posts

About The Author

Add Comment