Business Companies 30 Jul 2016 Amazon boss is 3rd r ...

Amazon boss is 3rd richest, beats Warren Buffett

REUTERS
Published Jul 30, 2016, 1:00 am IST
Updated Jul 30, 2016, 1:01 am IST
Mr Bezos’ fortune was $65.3 billion as of 4.30 pm on Thursday, compared with Buffett’s $64.9 billion.
Jeff Bezos, founder and CEO of Amazon.com.
 Jeff Bezos, founder and CEO of Amazon.com.

New York: Jeff Bezos, the founder and CEO of Amazon.com Inc, has become the world’s third-richest person as of the market close for the first time, Forbes magazine said, passing Warren Buffett, the chairman and chief executive of Berkshire Hathaway Inc.

Mr Bezos’ fortune was $65.3 billion as of 4.30 pm on Thursday, compared with Buffett’s $64.9 billion. Mr Bezos, 52, owns close to 18 per cent of Amazon.
Microsoft Corp co-founder Bill Gates rema-ined the world’s richest person, at $77.7 billion, while Spain’s Amancio Ortega, who founded the Zara clothing chain’s owner Inditex SA, was second at $72.7 billion. Facebook co-founder and CEO Mark Zuckerb-erg was fifth, at $54 billion.

 

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