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07-22-2016, 08:01 PM
Amazon founder Jeff Bezos tops Warren Buffett, becomes the third richest person in the world
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Jeff Bezos just snuck past*Warren Buffett to become the third-richest person on Earth.
The*Amazon.com Inc. founder’s net worth was $65.05 billion Thursday, topping Buffett by $32 million on the Bloomberg Billionaires Index. With the gain, Bezos’s wealth has increased by $5.4 billion this year, marking a resurgence after it fell to as low as $43 billion in February amid turbulent global markets.
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Image: Bloomberg
Most of Bezos’s wealth is tied to Amazon, which has benefited from robust demand for quick-turnaround delivery, cloud services and gadgets like the Kindle and Echo.*
In April, the Seattle-based company posted (http://www.bloomberg.com/news/articles/2016-04-28/amazon-sales-top-estimates-as-fast-delivery-options-fuel-growth) its biggest-ever net income and said first-quarter sales climbed 28 percent, including a 64 percent rise at its cloud-computing division. The shares are up 54 percent since hitting a low of $482.07 on Feb. 9. Read more... (http://mashable.com/2016/07/22/bezos-tops-buffet/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
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Jeff Bezos just snuck past*Warren Buffett to become the third-richest person on Earth.
The*Amazon.com Inc. founder’s net worth was $65.05 billion Thursday, topping Buffett by $32 million on the Bloomberg Billionaires Index. With the gain, Bezos’s wealth has increased by $5.4 billion this year, marking a resurgence after it fell to as low as $43 billion in February amid turbulent global markets.
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Image: Bloomberg
Most of Bezos’s wealth is tied to Amazon, which has benefited from robust demand for quick-turnaround delivery, cloud services and gadgets like the Kindle and Echo.*
In April, the Seattle-based company posted (http://www.bloomberg.com/news/articles/2016-04-28/amazon-sales-top-estimates-as-fast-delivery-options-fuel-growth) its biggest-ever net income and said first-quarter sales climbed 28 percent, including a 64 percent rise at its cloud-computing division. The shares are up 54 percent since hitting a low of $482.07 on Feb. 9. Read more... (http://mashable.com/2016/07/22/bezos-tops-buffet/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
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