By John Glenday

Amazon founder Jeff Bezos has been ranked as the world’s third richest individual by Forbes, which estimates the e-commerce tycoon’s wealth at $65.3bn (£49.5bn).

This stash places Bezos in the upper echelons of global wealth, behind only Bill Gates, who leads the pack with $78bn (£59bn) and Zara founder Amancio Ortega who has amassed a personal wealth of $73.1bn (£55bn).

Bezos’ good fortune stems from a strong performance at the online retailer, of which he still owns 18 per cent, which generated $857m profit in the second quarter compared to just $92m in 2015.

Amazon has seen revenues bolstered by increasing enthusiasm for Read full story ›

Source: The Drum