Contact Your Financial Adviser Money Making MC
28
July 2017
A rally
in e-retail behemoth Amazons share price on Thursday propelled founder Jeff
Bezos to the top of a list of the world’s richest individuals, media reported. The Total Investment & Insurance
Solutions
Bezos,
who is also Chairman and Chief Executive of the Seattle-based company, was
worth almost $91 billion after Amazon's share price rose more than 1 per cent
in morning trading in New York, the Independent reported. The Total Investment & Insurance
Solutions
That
puts his fortunate ahead of Microsoft co-founder Bill Gates's. The latter has a
net worth of around $90.7 billion and has been at the top of Bloomberg's rich
list since 2013.
Amazon's
share price has endured a meteoric rise in recent years, surpassing the $1,000
apiece mark, partially helped by its Prime shopping club, media streaming
services and the launch of products like the Alexa home assistant. The Total Investment & Insurance
Solutions
Back in
April, the company reported that net sales rose 23 per cent to $35.7 billion
for the first quarter of 2017. The
Total Investment & Insurance Solutions
Analysts
and investors will particularly be monitoring the performance of the company's
cloud-computing division, Amazon Web Services, which accounts for about 10 per
cent of revenue, as well as how Prime has progressed. The Total Investment & Insurance Solutions
Bezos,
who founded the company in 1994, owns around 17 per cent of Amazon's shares.
They have gained around 40 per cent in value so far in 2017 helping Bezos's net
worth increase by over $24 billion. The Total Investment & Insurance Solutions
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