Jeff Bezos has edged past Carlos Slim to become the world’s fourth-richest person, buoyed by a 113 percent rally this year in Amazon.com Inc.
The 51-year-old founder of the world’s largest online retailer passed the Mexican telecommunications tycoon Tuesday after Amazon rose $4.19 by the close of trading in New York. Bezos commands a fortune of $58.2 billion, according to the Bloomberg Billionaires Index. Slim, who was the world’s richest person as recently as May 2013, is now ranked fifth with $57.2 billion. He’s lost $15.4 billion in 2015, more than any other billionaire on the index.
Bezos has increased his fortune 103.5 percent in 2015 as investors have cheered profits at Amazon and growth in its cloud storage business. His $29.6 billion year-to-date gain is the biggest of any billionaire on the Bloomberg index, a daily ranking of the world’s 400 richest people.
Biggest Gains
The second-largest gain belongs to Spain’s Amancio Ortega, the founder of Inditex SA, the world’s largest clothing retailer, who’s risen $12.7 billion, a 21 percent gain.
U.S. investor Warren Buffett is the world’s third-richest person with a net worth of $63.2 billion. Ortega ranks second with $73.7 billion. Microsoft Corp. founder Bill Gates remains the world’s richest, with a net worth of $85 billion, according to the index.
Last month, Bezos surpassed brothers Charles and David Koch to become the the third richest in the U.S. The brothers each have fortunes valued at $52 billion, according to the index. Together they control 84 percent of Koch Industries, the closely held conglomerate that owns Georgia-Pacific paper among dozens of other business lines.
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