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Amazon Founder Jeff Bezos Becomes The World’s Third-Richest Man

Amazon's CEO Jeff Bezos Is Now the Third Richest Man in the World

The Founder and Chief Executive of the top e-commerce business Amazon.com, Jeff Bezos on Thursday became the World’s third richest man by unseating the billionaire Warren Buffet. Jeff Bezos aged 52 owns 18 percent of the Amazon’s shares. According to the Forbes magazine, it is for the first time Buffet, the CEO of Berkshire Hathaway place is passed. Jeff was still at $200 million when the stock market closed on last Thursday, but soon after the opening on Friday he moved Buffet as his net worth jumped to $65.3 billion.

Bill Gates, Microsoft co-founder is still the world’s richest person, at $77.7 billion while Amancio Ortega, founder and owner of Zara clothing chain’s Inditex SA was at the second place with $72.7 billion. Facebook’s Co-founder and CEO Mark Zuckerberg was at fifth place with $54 billion. Since early February, Amazon’s shares are raised by 50 percent which added $19.8 billion to the Bezos fortune. Amazon’s revenue beat analysts’ profit of the company was $857 million where it was $92 million in 2015.

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The company launched Prime services in India last month to boost its sales in the country’s consumer market. “It’s been a busy few months for Amazon around the world, and particularly in India – where we launched a new [Amazon Web Services] Region, introduced Prime with unlimited free shipping, and announced that Prime Video is coming soon, offering Prime members in India exclusive access to Amazon Original Series and Movies – including original content featuring top Indian creators and talent,” Mr Bezos stated.

Earlier in the month of March when Forbes published its 2016 Billionaires list, Bezos was at fifth place with a net worth of $45.2 billion. Back in 1998 four years after founding Amazon, Jeff for the first time appeared on the Forbes’ list of 400 richest Americans with a net worth of $1.6 billion.

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Warren Buffet aged 85 donations of $2.9 billion to the Bill & Melinda Gates Foundation, and four family charities dropped his net worth to fourth place in the list. Since 2006 Buffet donated more than $24.3 billion to the Gates Foundation and family charities.

Tesla’s Elon Musk Tweeted about Unveiling the ‘Secret Masterplan’ Later This Week

Elon Musk's tweet reveals that he's going to publish ‘top secret masterplan'

Elon Musk, CEO of Tesla Tweeted an interesting tweet on the social networking platform Twitter. He posted “Working on Top Secret Tesla Master Plan, Part 2. Hoping to publish later this week” on his official Twitter account.

The posted tweet remembered the blog post message by Musk back in August 2006.The post titled “The Secret Tesla Motors Master Plan (just between you and me)” which described the new cars the company is going to launch.


Soon the Tesla Model S four-door family car and the Tesla 3 sports sedan are released after that blog post. So there is talk that soon such new launch is going to happen, and many automakers are making a debate on that.

No other information rather than the tweet had been released officially. The Tesla’s founder was under immense pressure due to the Model S’s auto pilot crash at Florida. The accident happened due to camera’s failure in detecting the tractor and which didn’t activate the auto brake system in the car. As a result, a man was killed in the accident, and the cops are investigating the case very seriously.

Tesla also said that they are planning to deliver about 80,000 to 90,000 vehicles this year. Musk is presently facing criticism from all sides. Apart from the accident issue he had become a target of critics for his bid of $2.5 billion for acquiring the SolarCity.

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He’s also become a target of Warren buffet for the same SolarCity issue since buffet also trying to obtain the same. In addition to Tesla, Elon Musk is also the CEO of SpaceX, a private Spaceflight company which works on the reusable rockets. He has many missions to accomplish, and his visionary ideas are behind many projects like the Hyperloop, fast train system.