Home / Knowledge / News / Apparel/Garments / Amazon founder Jeff Bezos is world's 3rd richest man
Amazon founder Jeff Bezos is world's 3rd richest man
Mar '17
Jeff Bezos (L) and Amancio Ortega. Courtesy: Forbes
Jeff Bezos (L) and Amancio Ortega. Courtesy: Forbes
The biggest gainer and the third richest man on the Forbes' 31st Annual World's Billionaires list is Amazon founder Jeff Bezos, whose fortune increased by $27.6 billion for a total net worth of $72.8 billion. Spanish clothing retailer Amancio Ortega (known for the Zara fashion chain) has dropped to No. 4, despite his net worth increasing to $71.3 billion.

Bezos has soared to nearly the top on the Forbes' list as Amazon's stock has climbed. He owns nearly 17 per cent of Amazon.com. At the 2016 shareholders meeting, Bezos said that Amazon is the fastest company ever to reach $100 million in annual sales, which it cleared in 2015.

Ortega, the fourth richest man on the list, is the richest man in Europe and the wealthiest retailer in the world. A pioneer in fast fashion, he co-founded Zara parent Inditex in 1975. Ortega typically earns more than $400 million in dividends a year.

"Booming stock markets, higher commodities prices and plain old-fashioned entrepreneurship helped make this a record year in terms of wealth creation around the globe," said Luisa Kroll and Kerry Dolan, assistant managing editors of wealth at Forbes Media.

About 2,043 billionaires (up from 1,810 in 2016) made the list, with an average net worth of $3.75 billion. (KD)

Fibre2Fashion News Desk – India

Interviews View All

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Top executives, Textile industry

Top executives
Textile industry

The budget will give major impetus to textile and apparel consumption

Top executives, Retailers

Top executives

Weak rupee breeds inflation

Poonam Naik Desai,

Poonam Naik Desai

Peekaboo is a sustainable, high quality, luxury sleepwear brand providing...

Ashish M Amin,

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Kamal Kulshreshth,

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Mark Brill, Birmingham City University (BCU)

Mark Brill
Birmingham City University (BCU)

<div>A technological breakthrough could see people getting messages about...

Pranav Mishra, Huemn

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Robert Brunner, Devereux

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

November 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Follow us on instagram


Follow Fibre2Fashion On

Advanced Search