Tech Guru Overtakes Warren Buffett On World's Richest List

(RTTNews) - Jeff Bezos, the CEO of Amazon, has overtaken Berkshire Hathaway's founder Warren Buffet to become the third-richest person in the world, according to the Bloomberg Billionaires Index.

Bezos is now behind clothing retailer Zara's founder Amancio Ortega, who is now second, and Bill Gates, co-founder of Microsoft. Both are worth $73 billion and $89 billion, respectively.

Bloomberg's billionaire index reported Buffett lost more than $754 million on Thursday after shares of Berkshire Hathaway dropped. At the same time, Bezos also lost $136 million, but his net worth was $65.1 billion narrowly edging out Buffett's $65 billion.

Bezos's wealth comes from primarily from Amazon, which is the fifth most valuable company in the U.S.