Step aside Bill Gates, there's a new richest man in the world: Jeff Bezos, the owner of online retail giant Amazon.com.
It comes after the websites shares jumped 1.8 percent to $1,071.31 (£819.99) pushing Bezos' personal wealth to over $91 billion (£69.6bn). Mr Bezos owns almost a fifth of the shares in Amazon, whose value has now exceeded $500bn (£382.7bn). Bezos founded Amazon.com in 1994 after making a cross-country drive from New York to Seattle, writing up a business plan on the way, after hearing about the rapid increase in internet usage. He original set up the business in his garage. He was also one of the first shareholders in Google. He invested $250,000 (£191,359) in 1998, which resulted in 3.3 million shares of Google stock worth about $3.1bn (£2.3bn) today.
Not bad for someone who was selling books from his garage 22 years ago.
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