25 Oct 2015

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Amazon run catapults Bezos to 5th richest on Earth

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Tom Metcalf, Caleb Melby and Jack Witzig
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(File, AP)
(File, AP)

San Francisco - Jeff Bezos has become America’s third- richest person.

The 51-year-old founder of Amazon.com added $2.9bn to his fortune on Friday as the online retailer rose more than $35 and pushed his net worth to $53.2bn, according to the Bloomberg Billionaires Index. Bezos passed brothers Charles and David Koch, and ranks behind only Bill Gates and Warren Buffett in the US.

Bezos’s fortune has jumped 86% in 2015 as investors have cheered profits at Amazon and growth in its cloud segment. The $24.6bn year-to-date increase is the most of anyone on the index and almost equal to the combined gains of Facebook’s Mark Zuckerberg and Google founders Larry Page and Sergey Brin.

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