Move over Warren Buffett. Jeff Bezos, the CEO of Amazon (NASDAQ:AMZN) has become the second richest person in the world, leapfrogging the Berkshire Hathaway (NYSE:BRK.A) boss Warren Buffett and the fashion tycoon from Spain Amacio Ortega, who were the second and third richest respectively.
The Increasing Net Worth of Jeff Bezos
Bezos currently has a net worth of $78.2 billion, thanks to the stock surge of Amazon after the company announced the acquisition of online retailer Souq.com from the Middle East. This one single deal added $1.5 billion to the fortune of its founder. But otherwise too, Bezos hasn’t been doing all that badly. For instance, last year, his coffers swelled by as much as $10.2 billion, making it one of the biggest gains in a year.
This was the third-biggest gain in 2016, after Mark Zuckerberg of Facebook, and the billionaire from China Wang Wei, who is the Chairman of SF Express. The Amazon stock went up generously again after an analyst at Barclay’s said Amazon might emerge as the first ever “trillion-dollar market cap” company. Shortly after, the stock reached its record high.
The Amazon stock has been doing very well in recent times. Last year, for instance, it gained by a handsome 16 percent, even as the business is doing very well, often at the cost of many brick-and-mortar stores. The company announced in January that their 2016 holiday season was the best ever. Amazon is already diversifying and getting into groceries, bookstores, and furniture. This will surely give the business more revenue, and increase the net worth of its founder even more.
The List of the Super-Rich
Bill Gates, the founder, and CEO of Microsoft, still heads the list with a net worth of $87.4 billion. Warren Buffet’s net worth stands at $75.3. Mark Zuckerberg follows Buffet with a net worth of $63 billion. There are seven Americans on the top-ten list of billionaires, with the three others being from Spain, Mexico, and France – Amancio Ortega, Carlos Slim, and Bernard Arnault.
Of course, Amazon (NASDAQ:AMZN) isn’t the only venture of Bezos. He also runs the space exploration business Blue Origin that wants to take people into orbit and deliver satellites as well. So far, they have just conducted test flights, but a few days back Bezos announced he is investing $1 billion in Blue Origin every year.