Business in Tech

Amazon’s Jeff Bezos On Wednesday Became The Second Richest Man In The World

Amazon’s Founder Jeff Bezos is now the world’s second richest person in the world beating Amancio Ortega and Warren Buffett and second only to Bill Gates. With a net worth of $75.6b, the 53 year old American achieved the feat after Amazon.com Inc. rose $18.32.

Mr Bezos’ rise according to Bloomberg is the third biggest on the Bloomberg index in 2017, after Chinese parcel-delivery billionaire Wang Wei’s $18.4 billion gain and an $11.4 billion rise for Facebook Inc. founder Mark Zuckerberg.

Well the news is that he is second richest man and it happened majorly through taking risks because you see he worked on Wall Street after graduating from Princeton University. Even though people advised him against doing so, he left to start Amazon after hiring developers to help design the site and its functionality.

The rest as they say is history. Amazon is the second largest ecommerce company in the world after China’s Alibaba but that’s not the only thing that makes the company big. Amazon’s cloud business (Amazon Web Service) is the leader in the public cloud space and continues to lead in revenue too.

Amazon held the fourth biggest tech company and seventh biggest company in the US title last year with a market value of $365.8b