Amazon founder Jeff Bezos is world’s richest man

Armenpress

20:04, 27 July, 2017

YEREVAN, JULY 27, ARMENPRESS. Amazon founder Jeff Bezos is now the world’s richest man surpassing Bill Gates, worth $90.7bn (£69bn), BBC reports.

A 2.4% rise in Amazon shares on Thursday means Mr Bezos's wealth has now eclipsed the Microsoft co-founder by $700m, according to Forbes.

Jeff Bezos, 53, owns about 17% of the shares in Amazon, whose value has now exceeded $500bn.

For the first three months of this year Amazon's sales jumped 23% to $35.7bn. The company expects a rise of 16% to 24% for the quarter to June.

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