With a market top of $702.5 billion, Amazon has turned into the third most valuable company in the world, racing past Microsoft, which has a market cap of $699.2 billion.

As per a report, Amazon stock surged 2.6 percent on Wednesday, taking the organization’s market cap in front of Microsoft out of the blue.

Apple tops the rundown with $849.2 billion market cap, trailed by Google’s parent organization Alphabet at $745.1 billion.

With $521.5 billion market cap, Facebook is at the fifth spot.

Amazon CEO Jeff Bezos is currently the world’s wealthiest man, not at present, but of all time.

Both Bloomberg and Forbes have put Bezos over their extremely rich person records. Bloomberg said Bezos’ total assets came to $106 billion while Forbes put it at $105 billion, Xinhua news office revealed.

The past record was held by Microsoft organizer Bill Gates with $100 billion out of 1999.

The greater part of Bezos’ total assets originates from the 78.9 million offers of Amazon stock he possesses.

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