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Amazon CEO Jeff Bezos Becomes World’s Richest Man

Web Desk(July 28, 2017): A rally in e-retail behemoth Amazon’s share price  propelled founder Jeff Bezos to the top of a list of the world’s richest individual for less than a day.

Mr Bezos, who is also chairman and chief executive of the Seattle-based company, was worth almost $91bn (£70bn) after Amazon’s share price rose more than 1 per cent in morning trading in New York.

That put his fortune ahead of Microsoft co-founder Bill Gates’. The latter has a net worth of around $90.7bn and has been at the top of Bloomberg’s rich list since 2013.

Mr Bezos, who founded the company in 1994, owns around 17 per cent of Amazon’s shares. They’ve gained around 40 per cent in value so far in 2017 helping Mr Bezos’s net worth increase by over $24bn.

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