Friday, November 13, 2015

Jeff Bezos Now the Third Richest Man in the World

After Bill Gates and Warren Buffett, the third place position has been held by Carlos Slim Helu, the Mexican businessman and investor who has a controlling interest in many companies, including Telmex and America Movil.

However, Slim has been pushed out of his position, and been replaced by Jeff Bezos, founder and CEO of Amazon.com, according to a recent report by Bloomberg. This is due to the fact that the stock price of Amazon has had a huge spike.

Yesterday, the stock traded at 680.57 per share. It has since dropped from that price, currently 651.57, but still substantially higher than its price on January 2 this year of 308.52.

Having a substantial amount of stock that more than doubles in less than a year can really help your net worth.

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