Jeff Bezos Is Now the World's Second Richest Person

In trending news for the first time since Forbes wealthiest billions list came out, Jeff Bezos, Amazon's founder has become the new world's second wealthiest person. Bezos adds $10.2 billion to his net worth this year, with Warren Buffett falling $4.7 billion from his peak during Trump rally. Jeff Bezos has leaped past billionaires, Amancio Ortega and Warren Buffett, to become the world's second-richest person. Bezos, who is 53, added $1.5 billion to his fortune as his company Amazon rose by $18.32 on Wednesday, the day after the e-commerce giant said it plans to buy the Dubai-based online retailer known as Souq.com. Bezos has a net worth of $75.6 billion on the Bloomberg Billionaires Index, which is about $700 million more than Berkshire Hathaway Inc.'s Warren Buffett and $1.3 billion above Amancio Ortega, who is the founder of Inditex S.A. and Europe's richest person.

Bezos has added $10.2 billion to his wealth this year, and $7 billion since the rally of global equities began after the election of Donald Trump as the United States president on November the 8th. The rise on the Bloomberg index is the third biggest in 2017, just after Wang Wei the Chinese parcel-delivery billionaires $18.4 billion gain and an $11.4 billion rise for Facebook Inc. founder Mark Zuckerberg. Warren Buffett, who's added $1.7 billion in 2017, has lost $4.7 billion since his fortune peaked on March 1st at $79.6 billion. Amancio Ortega is up $2.1 billion year-to-date. Bezos remains $10.4 billion behind the world's riches person, Bill Gates Microsoft co-founder with $86 billion.

Amazon.com, also known as Amazon, is an American electronic commerce and cloud computing company that was originally founded on July 5, 1994, by Jeff Bezos. Amazon.com is based in Seattle, Washington. Amazon.com is the largest Internet-based retailer in the world by total sales and market capitalization. Amazon.com started as an online bookstore, then later diversifying to sell Blue-Rays, DVDs, CDs, video downloads/streaming, MP3 downloads/streaming, video games, audiobook downloads/streaming, software, electronics, apparel, food, furniture, toys, and jewelry. Amazon also produces consumer electronics most notably Kindle e-readers, Echo, Fire tablets, and Fire TV and which is the world's largest provider of cloud infrastructure services such as IaaS and PaaS. Amazon also sells certain low-end products such as USB cables under its in-house brand AmazonBasics. Amazon.com has separate retail websites for the United States, Ireland, the United Kingdom, France, Germany, Canada, Italy, Spain, Netherlands, Australia, Japan, Brazil, China, Mexico, and India. Amazon.com also offers international shipping to some other countries for some of its products. In 2016, Polish, Dutch, and Turkish language versions of the German Amazon website were launched. The Amazon company was founded in 1994, inspired by what founder Bezos called his regret minimization framework, which he described as efforts to fend off any regrets for not participating sooner in the Internet business boom during that time. In 1994, he left his employment as vice-president of D. E. Shaw & Co., a Wall Street firm and moved to Seattle. It was then that Bezos began to work on a business plan for what would eventually become Amazon.com.

The World's Billionaires is an annual ranking every March of the world's wealthiest billionaires compiled and published by the American business magazine Forbes. The total net worth of each of the billionaires on the list is estimated, in United States dollars, based on their assets and accounting for debt. This is just one of the trending news and trending videos you will find on the Bloomberg site. On the site, you will find trending news and trending videos about new technology, markets, politics and so much more. **