Tags: jeff bezos | net worth | 2016 | warren buffett | worlds third richest

Jeff Bezos Net Worth in 2016 Beats Buffett's, Now He's Third-Richest

Image: Jeff Bezos Net Worth in 2016 Beats Buffett's, Now He's Third-Richest
Amazon founder and CEO Jeff Bezos (Alex Wong/Getty Images)

By    |   Friday, 29 Jul 2016 12:49 PM

Jeff Bezos' net worth jumped $2.6 billion this week, reaching a record high of $66.5 billion after Amazon reported strong quarterly earnings on Thursday.

Bezos, 52, ended the day as the world’s third-richest person, surpassing investor Warren Buffett of Berkshire Hathaway, Forbes reported.

Amazon beat analyst estimates, posting a quarterly profit of $1.78 per share, compared with estimates of $1.11 per share.

The spike in Bezos' net-worth follows an even bigger increase after the first quarter, when his net worth rose by $6 billion following Amazon’s first quarter earnings report, Forbes said.

Bezos trails Spain’s Amancio Ortega, the founder of the clothing retailer Zara, and Microsoft co-founder Bill Gates on the list of the world's richest people. Ortega and Gates have a net worth of $73 billion and $89 billion, respectively, Fortune magazine reported.

On Thursday, Bezos' wealth had risen $5.4 billion for the year to $65.05 billion, after falling to $43 billion in February, Bloomberg reported. Thursday's rise put Bezos $32 million above Buffett on the Bloomberg Billionaires Index. The gap continued to increase after Thursday's market close.

Buffett has donated about $2.2 billion worth of stock this month to the Bill & Melinda Gates Foundation.

Bezos owns about 18 percent of Amazon. The company's stock has risen about 50 percent since February, Reuters reported.

Many Twitter users reacted positively to the shift in the ranking of world's richest people.





© 2017 Newsmax. All rights reserved.

 
1Like our page
2Share
TheWire
Jeff Bezos' net worth jumped $2.6 billion this week, reaching a record high of $66.5 billion after Amazon reported strong quarterly earnings on Thursday.
jeff bezos, net worth, 2016, warren buffett, worlds third richest
305
2016-49-29
Friday, 29 Jul 2016 12:49 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved