Jeff Bezos Displaces Warren Buffett as the World’s Second Richest Person

Mar 30, 2017

Amazon (amzn) founder Jeff Bezos has become the world's second richest person, leapfrogging Warren Buffett and Amacio Ortega, the former second and third richest, respectively.

Bezos' ascent was propelled by an stock surge following the recent disclosure of the company's plans to purchase Middle East online retailer ( Amazon stock rose $18.32 on Wednesday on the back of the announcement, Bloomberg reports, adding some $1.5 billion to its founder's fortune.

Bezos—who now has a net worth of $75.6 billion according to Bloomberg's Billionaires Index—has seen his coffers swell by $10.2 billion in the last year. That's the third largest gain on Bloomberg's index outside SF Express Chinese delivery service chairman Wang Wei and that of Facebook's (fb) Mark Zuckerberg.

He's still $10 billion shy of the world's richest person, Bill Gates, who has a fortune of $86 billion.

All products and services featured are based solely on editorial selection. FORTUNE may receive compensation for some links to products and services on this website.

Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions