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Jeff Bezos Tops Forbes World’s Billionaires List For 2020

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The global pandemic, coronavirus, has proved it’s no respecter of persons and their pockets. As the pandemic tightened its grip on Europe and America, global equity markets imploded, tanking many fortunes.

According to Forbes’ list, as of March 18, “2,095 billionaires were recorded, 58 fewer than a year ago and 226 fewer than just 12 days earlier, when we initially calculated these net worths. Of the billionaires who remain, 51% are poorer than they were last year. In raw terms, the world’s billionaires are worth $8 trillion, down $700 billion from 2019”.

Topping the list is Amazon founder, Jeff Bezos, for the third year in a row, despite giving $36 billion worth of his Amazon stock to his ex-wife MacKenzie Bezos as part of their divorce settlement last summer.

Bezos is worth $113 billion, buoyed by a 15% rise in Amazon’s shares since Forbes’ 2019 list. Amazon has been in the spotlight amid the pandemic; it’s hiring 100,000 full- and part-time workers to help meet increased demand from consumers staying home and shopping online.

Bill Gates keeps his spot as number two richest, followed by luxury goods tycoon Bernard Arnault, who knocked Warren Buffett into the number three spot for the first time.

Alice Walton, an heir to the Walmart fortune, is the richest woman, ranked number 9 at $54.4 billion. Altogether 241 women made the list, including 7 who share a fortune with a spouse, sibling or child.

The biggest gainer in dollar terms is Qin Yinglin, the world’s richest pig breeder. He’s ranked No. 43 and is worth $18.5 billion–a $14.2 billion jump since the 2019 list after shares of his Shenzhen-listed Muyuan Foods nearly tripled as the African swine flu reduced the supply of pigs and drove up prices.

Altogether, 267 people who made last year’s list have dropped off as businesses faltered; among the most notable drop-offs is Adam Neumann of WeWork.

Another 21 people died. Still, Forbes found 178 newcomers hailing from 20 countries, including some, like Zoom Video Communications’ founder and CEO Eric Yuan, whose service is booming amid the pandemic.

The U.S. remains the country with the most billionaires, with 614, followed by greater China (including Hong Kong and Macao), with 456.

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‘We’ve Not Been Allowed To Leave For Six Months’ – Workers At Indomie Cry Out

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Workers at De United Foods Industries Limited, makers of Indomie noodles, have cried out for help over what they described as modern-day slavery and unfair labour practices meted out on them since March.

The workers said cooks, drivers, nannies, stewards and other groups working for the largely Asian staff of the company, had not been allowed to return home to see their families by the management of the company under the guise of preventing the spread of COVID-19.

The workers in a statement on Thursday said, “Ironically these bosses go out everyday including attending social functions while a few of them have even contracted the COVID-19 and infected the helpless domestic workers. The affected domestic workers are largely drawn from those living with their bosses around Ikoyi and Victoria Island parts of Lagos.

“The Federation of Informal Workers Organisations of Nigeria, a network of working people under informal employment in Nigeria, was alerted about this development almost two months ago during which time efforts were made to reach out to the management of DUFIL to review its inhuman policy without any response or acknowledgement of the effort.”

They called on the Nigerian Government, investors and the international community to intervene in ensuring that they were released to leave the confines of their bosses homes where they had been denied access to public holidays, weekends.

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Betting Companies In Kaduna Urge State Government To Lift Ban On Betting Shops

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The Association of Nigerian Bookmakers is the national trade association of sports betting operators and our attention has been drawn to the recent forceful closure of several sports betting shops across Kaduna State by officials of Kaduna State Internal Revenue Service (KADIRS) under the guise of alleged non registration and refusal to pay certain ‘debts’.

This came to us as a rude shock especially in the light of the prohibitive regulatory framework the KADIRS seeks to enforce on operators by this act.

Deliberations were ongoing with respect to the proposed regulatory framework and operators have submitted documentations to KADIRS stating their position.

During the pendency of deliberations as aforementioned and without a feedback to operators, KADIRS moved to enforcement. This move, to say the least, was done malafide and sends a message that the State is creating a hostile environment for investors which is at variance with the government’s policy to encourage investment in our economy.

We therefore urge KADIRS to act in good faith by unsealing forthwith all sports betting shops hitherto sealed up by its officials and reopen discussion with operators on the proposed regulatory framework for Kaduna State.
Signed,

The Executive Secretary

Association of Nigerian Bookmakers

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“I Discovered Banana Island” – Terry Waya Claims

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Terry Waya made this claims in an interview with BBC pidgin where he talked about how he made his money as a young man, he reveals he got the contract to develop the luxury Banana Island in Lagos, Nigeria commercial capital.

Terry Waya revealed he was the first person that got the to develop Banana Island before he handed over to Lebanese-Nigerian Chagoury Group to complete the job.

According to Terry Waya nobody knew about Banana Island before and that one day he went to visit his tight friend, General Adisa, and that was when he saw a big poster where they wrote “Banana Island.”.

Terry Waya then asked the minister about the poster and he told him they were looking for a partner to collaborate with to develop the man-made Banana Island and then sell it, therein the partner will have his share and the government also will have its share.

Because of his friendship with Adisa, he asked the general to give him the project, which he did get, Terry Waya then called on Chagoury to do the project and this was how the luxurious island was found.

– As im pikin Kiddwaya gain fame for di Nigeria reality show BBNaija, na so di spotlight shine on im papa, Terry Waya.

Now, Terry Waya don open up in dis exclusive about im life.

https://www.instagram.com/tv/CFMG55TlQRS/?igshid=1n23pbw3k6xtr

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