Bezos is now richer than Buffet, Mukesh Ambani jumps 2 spots

The fifth spot was taken by Facebook founder, Mark Zuckerberg, with the net worth of $54 billion (Rs 3.59 lakh crore).

Bezos is now richer than Buffet, Mukesh Ambani jumps 2 spots
Bezos' rise to the number three spot is mainly by the Amazon's stock performance coupled with Buffett's philanthropy. Photo: Wikipedia and IANS
By Hitisha Jain
Updated: Fri, Jul 29, 2016
10:10 am
Mumbai , ZeeBiz WebDesk
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Jeff Bezos, Founder and CEO of e-commerce major Amazon.com has become the third wealthiest man in the world with net worth of $65.3 billion (Rs 4.34 lakh crore), up by 2%, or $1.3 billion (Rs 8648.57 crore), surpassing Warren Buffett, chairman and CEO of Berkshire Hathaway, who has now become fourth richest man with the net worth of $64.9 billion Forbes magazine said.

Bill Gates, Microsoft founder, remained at the world's richest man, with net worth of $77.7 billion (Rs 5.16 lakh crore), followed by Amancio Ortega, founder of Zara clothing chain, with the net worth of $72.7 billion (Rs 4.83 lakh crore).

The fifth spot was taken by Facebook founder, Mark Zuckerberg, with the net worth of $54 billion (Rs 3.59 lakh crore).

Bezos, 52, owns 18% of Amazon and since February its stock has risen by nearly 50%. On Thursday, the company reported a strong results as global web retail sales and cloud services topped Wall Street targets. In past week the shares of the company rose by 8%, a Reuters report said.

As per the Forbes report, Bezos' rise to the number three spot is mainly by the Amazon's stock performance coupled with Buffett's philanthropy. Buffett donated nearly $2.9 billion to charity. 

"Buffett appeared on FORBES’ very first ranking of the world’s 400 richest people in 1982 with a net worth of $250 million. Just three years later, he was listed as a billionaire for the first time on the 1985 FORBES 400", Forbes said in the report.

Among Indians, only two of them made it to top 50. Firstly, Mukesh Ambani, Chairman of Reliance Industries, stood at 34th spot with the net worth of $22.1 billion (Rs 1.47 lakh crore). Secondly, on 46th spot was Dilip Shanghvi, Founder of Sun Pharmaceuticals, with the net worth of $16.8 billion (Rs 1.11 lakh crore).

Azim Premji, Chairman of Wipro, was at 54th spot with the net worth of $15.9 billion (Rs 10.57 lakh crore). The 78th spot was taken by Lakshmi Mittal, with the net worth of 13 billion (Rs 86485.75 crore)

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