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

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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.

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