New Delhi: Online retail giant Amazon’s founder and CEO Jeff Bezos, surpassed Microsoft founder Bill Gates as the richest person of the world.
The development came after a surge in shares of Bezos by 1.3 percent to $1,065.92 on Thursday morning giving him a net worth of $90.9 billion as against Gates’ $90.7 billion who had ceremoniously held the top spot since May 2013.
Bezos kicked off his new year as world’s fourth-wealthiest person and has since leapfrogged Inditex founder Amancio Ortega, who ranks third with $82.7 billion, and Berkshire Hathaway's Warren Buffett, No. 4, at $74.5 billion.
Amazon which initially started as an internet book store has quite literally gone on to revolutionise the world of online retail across the globe. It has now developed into world’s largest online retail company providing web services to apparel, groceries to electronics, furniture, toys, and jewellery and much more.