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Amazon founder and CEO Jeff Bezos declared the World's Richest Person
Posted on: 29-07-2017 , 12:32:PM | DY365 Bureau

 Image Source : Internet

 Surpassing Bill Gates, the founder of Microsoft, Amazon founder and CEO Jeff Bezos became the World’s richest man on Thursday.

The company’s stock price rose to $90billion (£68billion) making Jeff Bezos the most wealthiest man on the planet.

Founded on July 5, 1994 by Jeff Bezos, based in Seattle, Washington, the tech giant is the largest Internet-based retailer in the world by total sales and market capitalization.

Amazon.com initially started as an online bookstore and later diversified to sell DVDs, CDs, videodownloads/streaming, MP3 downloads/streaming, audiobook downloads/streaming, software, video games, electronics, apparel, furniture, food, toys, and jewelry.

The company also produces consumer electronics—notably, Kindle e-readers, Fire tablets, Fire TV, and Echo—and is the world's largest provider of cloud infrastructure services (IaaS and PaaS).

 Amazon also sells certain low-end products like USB cables under its in-house brand AmazonBasics.


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