Jeff Bezos Regains Spot As World’s Second-Richest Person Following Whole Foods Announcement

By: Noah Kirsch 

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Jeff Bezos’ net worth rose $2.5 billion in two hours following Amazon’s revelation that it will acquire Whole Foods for $13.7 billion in cash, or $42 per share. The offer represents a 27% premium over Thursday’s closing price. Investors immediately welcomed the news, boosting Amazon’s stock more than 3% by 11 AM Eastern Time.

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