Amazon founder Jeff Bezos overtakes Buffett to become second richest person in the world
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Amazon (NASDAQ: Amazon.com [AMZN]) founder Jeff Bezos has climbed the Bloomberg Billionaires Index to emerge as the second richest person in the world after shares in the company surged on the back of a deal to buy Middle East online retailer Souq.

Amazon buys biggest online retailer in Middle East
Amazon buys biggest online retailer in Middle East

Bezos leapfrogged Zara founder Amancio Ortega and Warren Buffet with a fortune of $75.6 billion.

Just this year Bezos saw his net worth climb by $10.2 billion, largely due to a sharemarket rally after the election of US President Donald Trump.

Yesterday the 53-year-old added another $1.5 billion to his wealth when Amazon shares rose $18.32 to over $874 after the deal to buy souq.com was announced.

The rise in Bezos's net worth was the third largest on the Bloomberg Index this year, behind Chinese parcel-delivery billionaire Wang Wei’s $18.4 billion jump and the extra $11.4 billion pocketed by Facebook Inc. (NASDAQ.FB.NASDAQ) founder Mark Zuckerberg.

Microsoft (NASDAQ: Microsoft Corporation [MSFT]) co-founder Bill Gates remains the richest man in the world, $10.4 billion ahead of Bezos with a fortune of $86 billion.

Third place went to Warren Buffett, who is $700 million behind Bezos with a net worth of $74.9 billion.

Amancio Ortega has grown his fortune by $2.1 billion so far this year but trails both Bezos and Buffet with his $74.1 billion.

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