founder Jeff Bezos has leapfrogged hedge fund veteran and Amancio Ortega, the Spanish owner of a retail empire that includes Zara, to become the second richest man in the world after , according to Bloomberg’s Billionaire Index.

Mr Bezos, who is also the chairman and chief executive of the internet retail giant, is now worth $75.6bn which marks a massive $10.2bn increase so far in 2017, and puts him just ahead of Mr Buffet, whose net wealth most recently stood at $74.9bn, according to the index.

Mr Gates is worth $86bn, which is up over $3.5bn so far this year and fourth-placed Mr Ortega has a total net wealth of $74.2bn, up around $2.1bn since the start of January.

Bloomberg’s list broadly , which also this month placed the Microsoft founder and philanthropist at the top for a fourth consecutive year. It put Mr Buffet, the founder of Berkshire Hathaway, second with a fortune of $75.6bn and Mr Bezos third at $72.8bn.

Like Forbes’ ranking, the Bloomberg top-ten list is also dominated by technology billionaires including founder and Oracle co-founder Larry Ellison.

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The highest ranking woman in the Bloomberg list is French socialite and businesswoman Liliane Bettencourt, in 14th spot with a net wealth of $38.3bn. Ms Bettencourt, who is a major shareholder in cosmetics company L’Oreal, scored the same ranking in the Forbes list, though that list estimated her net wealth to be around $39.5bn.

Mr Bezos’ jump in 2017 is one of the biggest in the top ten, helped by Amazon’s solid performance in recent quarters, partially as a result of the launch of it’s the Amazon Echo home assistant and its smaller version, Echo Dot. 

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