In a significant shift in the global wealth landscape, Amazon founder Jeff Bezos has surpassed Oracle co-founder Larry Ellison to become the world’s second-richest person. This development follows a surge in Amazon shares on Friday, propelling Bezos’ net worth to unprecedented heights.
According to Forbes’ real-time billionaires rankings, Bezos’ fortune now stands at an estimated $232 billion, eclipsing Ellison’s $215 billion. Elon Musk retains his position as the world’s richest person, with an astonishing $283 billion net worth.
Key Drivers:
- Amazon shares jumped 4.7% on Friday, fueling Bezos’ wealth surge.
- Strong quarterly earnings and optimistic revenue projections boosted investor confidence.
- Bezos’ diversified investments, including Blue Origin and The Washington Post, contribute to his expanding wealth.
Ranking Shifts:
- Elon Musk (1st): $283 billion
- Jeff Bezos (2nd): $232 billion
- Larry Ellison (3rd): $215 billion
This ranking change underscores the dynamic nature of global wealth, influenced by market fluctuations and innovative entrepreneurship.