Comment: As you read the following story keep in mind that there are approximately 7.5 billion people living on Earth today...
Jeff Bezos has edged past Carlos Slim to become the world's fourth-richest person, buoyed by a 113 percent rally this year in Amazon.com Inc.
The 51-year-old founder of the world's largest online retailer passed the Mexican telecommunications tycoon Tuesday after Amazon rose $4.19 by the close of trading in New York. Bezos commands a fortune of $58.2 billion, according to the Bloomberg Billionaires Index. Slim, who was the world's richest person as recently as May 2013, is now ranked fifth with $57.2 billion. He's lost $15.4 billion in 2015, more than any other billionaire on the index.
Bezos has increased his fortune 103.5 percent in 2015 as investors have cheered profits at Amazon and growth in its cloud storage business. His $29.6 billion year-to-date gain is the biggest of any billionaire on the Bloomberg index, a daily ranking of the world's 400 richest people.
Comment: Such gross excessive hording of wealth! Meanwhile an estimated 100 million people in the world are homeless; approximately 795 million do not have enough food to lead a healthy active life; and nearly half the world (3.5 billion people) have less than $2.50 per day to survive and according to UNICEF 22,000 children die every day due to extreme poverty.