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Bezos Blasts past Buffett in Battle of Billionaires

Amazon CEO Jeff Bezos Is Now Richer Than Warren Buffett

Jeff Bezos, the founder and chief executive of Amazon.com, 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.

Bezos’ fortune was $65.3 billion as of 4:30 p.m. EDT (2030 GMT) on Thursday, compared with Buffett’s $64.9 billion.

Microsoft Corp co-founder Bill Gates remained 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.

Jeff Bezos, the founder and chief executive of Amazon.com, has become the world's third-richest person as of the market close for the first time, Forbes magazine said

Jeff Bezos, the founder and chief executive of Amazon.com, has become the world’s third-richest person as of the market close for the first time, Forbes magazine said

THE BILLIONAIRE BATTLE

Microsoft Corp co-founder Bill Gates remained the world’s richest person, at $77.7 billion

Spain’s Amancio Ortega, who founded the Zara clothing chain’s owner Inditex SA , was second at $72.7 billion

Jeff Bezos, the founder and chief executive of Amazon.com is thirs with $65.3 billion

Warren Buffett is worth  $64.9 billion

Facebook Inc co-founder and chief executive Mark Zuckerberg was fifth, at $54 billion.

Bezos, 52, owns close to 18 percent of Amazon.

Its stock has risen by roughly 50 percent since early February, as the world’s largest online retailer continued to upend retailing as more people took to the Web rather than the mall to shop.

Amazon reported a better-than-expected rise in quarterly revenue, powered by blockbuster growth in its cloud services unit and an increase in subscriptions for its Prime loyalty program.

The world’s biggest online retailer’s shares were up 2 percent in after-hours trading on Thursday.




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Sydney Chesterfield

Poet, Playwright, Philosopher, Humanitarian, mad lover of children and unflinching fighter for equality on all grounds viz. Women's rights, child rights, sine die.

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