This Guy Is Now the World’s Second Richest Person
Today is the big day for the Amazon founder and CEO Jeff Bezos, who has just overtaken Warren Buffet as second richest man in the World. On Wednesday he has added $1.5 billion to his net worth at $75.6 billion surpassing Berkshire Hathaway CEO Warren Buffet.. First richest person in the world remains Bill Gates with a net worth of $86 billion(Rs. 5,59,000 crore).
Imagine the technology businessman overtaking Buffet, it just turns you where the world is turning around. We always tend to think that Amazon is just a profitable company. Amazon is just a company which is an E-commerce but you know frankly they can bulk of the business from the cloud surface and they are generating so much of cash that now they have ability to experiment different formats. They are planning to move into videos, grocery etc. Amazon has also expanded its e-commerce business outside the US. Now Amazon is snapping at the heels of local leader Flipkart. In dubai, it now owns the biggest online retailer Souq, just purchased it for $690 million.
Amazon’s journey is an incredible journey for Bezos. In 1994 he used to work at a New York hedge fund when he’d decided to create an online bookstore. Things were not easy for bezos, he had started his company in his garage. After 20 years Amazon is valued at $421 billion and now Bezos is regarded as one of the smartest tech CEOs around.
You may know that apart from Amazon, Bezos is also a savvy investor. In 1998 he invested $250,000 in Google, that stake is worth $2.9 billion today. He has also invested in other successful startups like Twitter, Airbnb and Uber. Bezos new company set his sights higher as Blue Origin wants to take humans into space.