Amazon’s Jeff Bezos Moves Up to 4th Place in World’s Richest Ranking

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Amazon CEO Jeff Bezos is now the fourth richest person in the world, according to Bloomberg’s Billionaires Index.

Bezos moved up a notch in the rankings on Tuesday after shares of Amazon rose to a high of nearly $660.

The 51-year-old overtook Mexican businessman Carlos Slim, who slipped to fifth. Bezos is now worth $58.2 billion — about $1 billion more than Slim.

But Forbes also keeps track of the world’s wealthiest, and still lists Slim before Bezos.

What no one disputes is Amazon’s recent performance.

The company turned in two surprising profits in a row this year, helped by its cloud business, AWS.

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SOURCE: CNN, Hope King