INTERNET GIANT – Amazon becomes world’s most valuable public company


Internet giant and online retailer Amazon has taken Microsoft’s spot as the world’s most valued company.

Amazon, established 25 years ago,  is currently valued at $797m (£634m) which is 3.4% higher than Microsoft’s $789bn.

Founder and CEO, Jeff Bezos is according to reports the wealthiest man in the world with a net worth of about $135bn..

Jeff Bezos’s net worth overtook Microsoft founder Bill Gates last year, it’s the first time that the online retailer has held the top spot.