Founder and CEO of Amazon.com, Jeff Bezos slipped down to number three in world’s richest people. The tech giants fell by more than 3 percent on Friday, tapping $2.6 billion from his net worth.
Amazon.com Inc dropped a total of 8.6 billion dollars on Friday. Amazon had announced 4,000 new warehouses in the country a couple of months ago, that are estimated to provide employment to about 4,000 people. Amazon had committed an investment of $5 billion in the Indian market, will have 41 warehouses or Fulfilment Centres by the end of June this year.
The list features some of the biggest names from the industry. Bill Gates remains at the top of the ranking with Spanish retailing magnate Amancio Ortega at No. 2. Meanwhile, Facebook Inc. co-founder Mark Zuckerberg, and the co-founders of Google parent Alphabet Inc.: Larry Page and Sergey Brin, together shed $4.6 billion in the decline.
Since becoming the richest man in the world, Bezos has aggressively invested in India in a bid to take on Flipkart.
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