Amazon founder, Jeff Bezos becomes world richest man in forbes list


Yes after  4 years of Bill Gate being  the world richest man, amazon Founder/CEO Jeff Bezos has left the number 4 margin to top the new forbes list.
Microsoft owner Bill gate has been on list for so long as well one richest man Warren Buffett.
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According to a real-time billionaires
index compiled by Forbes, the rise
pushed the value of Bezos’s fortune to
$91bn (£69bn) – compared with Gates’
wealth of $90bn. Their riches are
calculated on the share prices of their
respective companies and at the
current values, Bezos’s stake is twice as
big as the carmarker Ford.
Bezos – born in 1964 in Albuquerque,
New Mexico – keeps a relatively low
profile, but has used some of the wealth
he has amassed to buy the Washington
Post and invest in space travel through
Blue Origin, a company he founded in
He founded Amazon in 1994 when he
sold books from his garage in Seattle
before expanding into a huge range of
other products and capturing the global
rush to shop online. Amazon now
accounts for 43% of everything sold
online in the US and 64 million people
have signed up for its Prime service,
which gives access to free deliveries
and video streaming.
Amazon shares have soared this year,
making the company worth more than
$500bn and boosting Bezos’s wealth as
he owns 17% of the company. He also
has a number of other investments,
including in Google, Uber, Twitter and
Airbnb, worth more than $5bn.
At the start of 2017, Bezos was ranked
fourth-richest in the world, behind
Gates, the investor Warren Buffett and
Amancio Ortega, who founded Inditex,
the company behind retailer Zara.

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