In the recently released world’s richest person list, Amazon CEO Jeff Bezos has bagged the second place in the list. Jeff Bezos has recently added the $1.8 billion as Amazon. Inc stock raised to $18.32 the day after the e-commerce giant announced the plan to buy Dubai-based online retailer Souq.com.
Jeff Bezos has a net worth of $75.6 billion and $700 million which is more than the Warren Buffett’s Berkshire Hathaway Inc. According to the reports, this year Bezos has added $10.2 billion to his wealth $7 billion since the global equities rally began following the election of Donald Trump as US President.
In the year 2016, Amazon has announced that they would be upping its Indian investment up to $5 billion. As per the reports, Flipkart has pushed from the billionaire list due to the company faced multiple devaluations from the investors.
Amazon has been in a fierce competition with Flipkart in India. Earlier, the company announced that it had raised about $1 billion funding round and the day after that, Amazon said that it is allocating $2 billion specifically for the Indian investment. As per the sources, Flipkart closed $1 billion round now and may raise $1 billion upon merging its operations with eBay India.
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