Amazon CEO dethrones Warren Buffett as the world's second richest person.

Jeff Bezos, the founder and CEO of online retail giant Amazon, has surpassed fashion billionaire Amancio Ortega and legendary investor Warren Buffett to become the world's second richest person.

Jeff Bezos, founder of online retailer Amazon - Photo: LA Times.

According to Bloomberg, Bezos's net worth, at 53, increased by $1.5 billion on March 29th, thanks to a sharp rise in Amazon's stock price after the company announced plans to acquire Dubai-based online retailer Souq.com.

Data from the Bloomberg Billionaires Index shows that Bezos currently owns a net worth of $75.6 billion, $700 million more than Buffett, the founder of Berkshire Hathaway, and $1.3 billion more than Ortega, the owner of Zara and the richest person in Europe.

Since the beginning of the year, Bezos's net worth has increased by $10.2 billion. If calculated from the time Donald Trump was elected President of the United States on November 8th last year, Bezos's wealth has increased by $7 billion.

This increase in wealth for the American online retail billionaire is only surpassed by the $18.4 billion increase in wealth of Chinese delivery tycoon Wang Wei, and the $11.4 billion increase in wealth of Facebook founder Mark Zuckerberg.

For Buffett, his net worth has increased by $1.7 billion year-to-date. After peaking at $79.6 billion on March 1st, Buffett's net worth has decreased by $4.7 billion.

Ortega's net worth has increased by $2.1 billion since the beginning of the year.

Bezos is currently $10.4 billion less wealthy than billionaire Bill Gates. The Microsoft co-founder is currently the world's richest person, with a net worth of $86 billion.

According to Vneconomy