TheBallerLife.com has learned that Amazon CEO Jeff Bezos has passed Warren Buffett to become the world’s second richest person on Earth.
CNN Money reports:
The latest tally by Bloomberg’s Billionaires Index shows Bezos is now worth about $75.6 billion. Another ranking compiled by Forbes has Bezos’ value at “just” $75.2 billion.
He added $1.5 billion to his net worth after Amazon (AMZN, Tech30) gained $9 billion in market value during trading hours Wednesday.
The company received a generous stock bump after a Barclay’s (AGRPY) analyst declared Amazon will “likely to be one of the first trillion-dollar market cap companies.” Its shares hit a record high shortly after.
Amazon’s stock has been on fire lately — it’s grown more than 16% over the last year. Investors were pleased with the company’s decision, announced yesterday, to buy Souq, an e-commerce giant in the Middle East.
Bezos leapfrogged investing guru Warren Buffett and Spanish fashion tycoon Amancio Ortega, who are worth $74.9 billion and $74.2 billion respectively, to take the number two spot on Bloomberg’s billionaire list.
Topping the richest-person list is still Bill Gates. As founder and CEO of Microsoft (MSFT, Tech30), Gates has amassed an $86 billion fortune.
Holy cow!!!