Bezos Rises to Become World's Second Richest With Amazon Surge

Jeff Bezos has leapt past Amancio Ortega and Warren Buffett to become the world’s second-richest person, according to Bloomberg.

Bezos, 53, added $1.5 billion to his fortune as Amazon rose $18.32 the day after the e-commerce giant said it plans to buy Dubai-based online retailer Souq.com. Bezos has a net worth of $75.6 billion on the  Bloomberg Billionaires Index, $700 million more than Berkshire Hathaway’s Buffett and $1.3 billion above Ortega, the founder of Inditex and Europe’s richest person.

Amazon’s founder has added $10.2 billion this year to his wealth and $7 billion since the global equities rally began following the election of Donald Trump as U.S. president on Nov. 8. The rise is the third biggest on the Bloomberg index in 2017, after Chinese parcel-delivery billionaire Wang Wei’s $18.4 billion gain and an $11.4 billion rise for Facebook founder Mark Zuckerberg.

Buffett, who’s added $1.7 billion in 2017, has shed $4.7 billion since his fortune peaked at $79.6 billion on March 1. Ortega is up $2.1 billion year-to-date. Bezos remains $10.4 billion behind Microsoft co-founder Bill Gaes, the world’s richest person with $86 billion.