Bezos passes Buffett, becomes third-richest person — ForbesJeff Bezos, the founder and chief executive of Amazon.com Inc (AMZN.O), has become the world’s third-richest person as of the market close for the first time, Forbes magazine said, passing Warren Buffett, the chairman and chief executive of Berkshire Hathaway Inc (BRKa.N). Bezos’ fortune was $65.3 billion as of 4:30 p.m. EDT (2030 GMT) on Thursday, compared with Buffett’s $64.9 billion. Facebook Inc (FB.O) co-founder and chief executive Mark Zuckerberg was fifth, at $54 billion. In June, Buffett called Bezos a “classic example” of how a business owner could thrive, by having focused at Amazon on how to “delight” customers, and keep them coming back, rather than simply process their orders. Bezos, 52, owns close to 18 percent of Amazon.

Source: Manila Bulletin July 29, 2016 02:03 UTC