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  • The Third Richest Man In The World Is A Short Man

The Third Richest Man In The World Is A Short Man

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The Third Richest Man In The World Is A Short Man
post #1
07-29-2016 at 12:55 pm

Jeff Bezos, CEO of Amazon is now the third richest person in the world. 

http://www.bbc.com/news/business-36917516

Mr Bezos owns 18% of Amazon's shares, which rose 2% in trading on Thursday. Forbes estimated his fortune to be $65.3bn (£49.5bn).

Amazon's revenue beat analysts' expectations, climbing 31% from last year to $30.4bn in the second quarter.

Profit for the e-commerce giant was $857m, compared with $92m in 2015.

According to Forbes estimates, Mr Bezos's fortune is only surpassed by Microsoft founder Bill Gates, worth $78bn (£59bn), and the $73.1bn (£55bn) fortune of Zara founder Amancio Ortega.

Amazon had developed a reputation for announcing little or no profit each quarter, but appeared to hit a turning point last year and has seen improving earnings since.

Amazon shares have spiked 50% since February.

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Re: The Third Richest Man In The World Is A Short Man
post #2
08-03-2016 at 09:18 am

amazing

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