Amazon CEO, Jeff Bezos, Ranks The World’s Richest Man

17007

The Chief Executive Officer of Amazon.com Inc., Jeff Bezos, has unseated fellow tech billionaire Bill Gates as the richest person in the world.

Forbes reported on Thursday that earning from the e-commerce company’s meteoric stock rose to reach a fortune of $90.6 billion.

Amazon shares jumped 1.6 per cent at the start of trading on Thursday, boosting the net worth of Bezos – the company’s founder and largest shareholder – by $1.4 billion, according to Forbes, which tracks the world’s wealthiest.

The stock was up ahead of Amazon’s second-quarter earnings report after Thursday’s market close. Analysts expect that the world’s largest online retailer will report that its sales jumped 22 percent to $37.2 billion, according to Thomson Reuters I/B/E/S.

Bezos, a relative newcomer to the top of Forbes’ list, has benefited from the seemingly boundless expansion of Amazon into new markets.

The once-bookseller plans to acquire Whole Foods Market Inc, at the same time it is making strides in the fashion business, Hollywood, enterprise computing and general retail from India to Mexico.

Sources could not independently verify the wealth of Bezos or Microsoft Corp’s co-founder Gates.

A philanthropist, Gates has given $31.1 billion to charitable causes through 2016 and has a net worth of $90.1 billion, Forbes said.

Subscribe to Our VIP Newsletter

Previous articleBUHARI: Fani-Kayode Needs Psychiatric Check Up – Okorocha
Next article222 Directors Fail Promotion Exam For Permanent Secretaries’ Positions
Hamilton Nwosa

The New Diplomat stands for ethical journalism, press freedom, accountable republic, and gender-equity. That is why at The New Diplomat, we are committed to speaking truth to power, fostering a robust community of responsible journalism, and using high quality polls, data, and surveys to engage the public with compelling narratives about political, business, socio-economic, environmental, and situational dynamics in Nigeria, Africa, and globally. From our insightful reports of political issues to our riveting investigations and analyses of business, socio-economic, and cross-cutting sectors, The New Diplomat remains ever committed to investigative reporting and ethical journalism. Support and partner with The New Diplomat today, to guarantee a positive future for all under an atmosphere of free press!

LEAVE A REPLY

Please enter your comment!
Please enter your name here