Amazon becomes world’s most valuable company
New York (CNN Business)Amazon CEO Jeff Bezos has been the wealthiest person on the planet for more than a year. Now, Amazon is the most valuable company in the world.
It passed Microsoft (MSFT) Monday to take over the top spot. Amazon’s stock rallied another 1% Tuesday and the company is now worth nearly $810 billion, compared to about $790 billion for Microsoft.
Amazon is up 10% already this year. And Bezos, thanks largely to his 16% ownership stake in Amazon, is worth about $135 billion, according to Forbes and Bloomberg. Bezos also owns space exploration company Blue Origin and The Washington Post. Bezos has a more-than-$40-billion lead over the world’s second richest person, Microsoft cofounder Bill Gates.
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