As of Friday morning, Jeffrey Bezos, founder and CEO of Internet giant Amazon, became the richest person in the world with a net worth of $91.6 billion surpassing Bill Gates’ $91.1 billion. This was largely due to a 13% rise in Amazon stock prices in a single day, leading to the jump in Bezos’ net worth. This could have something to do with the fact that Amazon has received approval for wholesale pharmacy licenses in at least 12 states, including Nevada, Arizona, North Dakota, Louisiana, Alabama, New Jersey, Michigan, Connecticut, Idaho, New Hampshire, Oregon and Tennessee. The retail giant mostly known for delivering clothes and goods is looking to cash in on the healthcare market By delivering prescriptions.
Amazon has been making power moves all year, having purchased the supermarket giant Whole Foods in August, which also led to an increase in sales for the quarter. At first glance Amazon seems to be the perfect company to perform in US healthcare. Based in Seattle, Amazon excels at analyzing large portions of data and organizing it in such a fashion that it runs smoothly. Experts within the industry believe that this could cut costs while also helping people keep better track of their prescriptions.
Source: usatoday.com
