Amazon Stock Doubles as Jeff Bezos Becomes World’s 2nd Richest Man

SoftBank Group’s Masayoshi Son has set up a direct clash with Amazon.com Founder Jeff Bezos

Bloomberg’s Billionaires Index has adjudged Amazon CEO, Jeff Bezos as the second richest man on the planet. Bezos has surpassed Amancio Ortega and Warren Buffett to achieve the position.

Microsoft’s co-founder Bill Gates continues to lead the richie-rich list with his net worth a whopping $86 billion.

The Bloomberg Billionaires Index marks the Amazon CEO with his revised net worth at $75.6 billion, followed by Warren Buffet, CEO of Berkshire Hathaway, who has $75.5 billion and and Amancio Ortega, chairman of Inditex fashion group with $74.1 billion.

The report highlights the astounding $1.5 billion that got added to Bezos' wealth after Amazon’s recent acquisition of Souq.com, which is a Dubai-based online retailer. On the whole, Amazon’s stock has risen 50% in the past 12 months.

The online retailing giant is going full throttle in its mission to lead the charts in the Indian e-commerce segment. The company has lured many consumers to its Prime bangwagon by launching Prime Videos earlier this year, for an introductory annual price of Rs 499.