Posted by on March 30, 2017 8:15 am
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Categories: Amancio Ortega Amazon.com Berkshire Hathaway Bezos Bill Gates Bloomberg Billionaires Blue Origin Business donald trump Economy Finance Inditex Jeff Bezos Tau Beta Pi Warren Buffett

On the heels of the melt-up in US mega-cap tech stocks, Amazon founder Jeff Bezos has leapt past Amancio Ortega and Warren Buffett to become the world’s second-richest person.

As Bloomberg reports, the 53-year-old founder of Amazon.com Inc. added $1.5 billion to his net worth on Wednesday, the day after the e-commerce giant announced it will buy Dubai-based online retailer Souq.com, and has added over $7 billion since the global equities rally began following the election of Donald Trump as U.S. president on Nov. 8.

Bezos has a net worth of $75.6 billion on the Bloomberg Billionaires Index. That’s $700 million more than Berkshire Hathaway Inc.’s Buffett and $1.3 billion above Ortega, the founder of Inditex SA and Europe’s richest person. Buffett, who’s added $1.7 billion in 2017, has shed $4.7 billion since his fortune peaked at $79.6 billion on March 1. Ortega is up $2.1 billion year-to-date.

Bezos remains $10.4 billion behind Microsoft co-founder Bill Gates, the world’s richest person with $86 billion.

If AMZN topped $1000 – while MSFT flatlined – Bezos would take Gates.

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