Jeff Bezos became the world’s second-richest man. The Amazon founder has a net worth of $75.6 billion on the Bloomberg Billionaires Index, passing Warren Buffett. Amazon’s already rising stock surged after it announced this week the acquisition of Dubai-based online retailer Souq.com. Barclays expects the company’s market cap to reach $1 trillion.
Bezos, 53, added $1.5 billion to his fortune as Amazon.com Inc. rose $18.32 on Wednesday, 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 Inc.’s Buffett and $1.3 billion above Ortega, the founder of Inditex S.A. and Europe’s richest person.
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 Gates, the world’s richest person with $86 billion.
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Konga in Play
With the acquisition of Souq.com, there is likelihood that Amazon may be interested in Konga.com. Amazon has always built its businesses from scratch in emerging economies which include India, but with the plan to buy Souq.com, there is chance it may have changed strategy to be growing through acquisition.
This is the news Konga.com may like to hear. But Nigeria has to get out of recession first.