Friday, January 22

Tag: Jeff Bezos

Elon Musk Is Now The Richest Person In The World
Business

Elon Musk Is Now The Richest Person In The World

Elon Musk, the outspoken entrepreneur behind Tesla Inc. and SpaceX, is now the richest person on the planet. A 4.8% rally in the electric carmaker’s share price Thursday boosted Musk past Amazon.com Inc. founder Jeff Bezos on the Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people. The South Africa-born engineer’s net worth was $188.5 billion at 10:15 a.m. in New York, $1.5 billion more than Bezos, who has held the top spot since October 2017. As chief executive officer of Space Exploration Technologies Corp., or SpaceX, Musk is also a rival to Bezos, owner of Blue Origin LLC, in the private space race. The milestone caps an extraordinary 12 months for Musk. Over the past year his net worth soared by more than $150 billion in possibly the fastest bout ...
Albert Einstein was divorced, Jeff Bezos is divorced, it’s not scriptural to mock the divorced, single, and barren – Daddy Freeze says
Celebs

Albert Einstein was divorced, Jeff Bezos is divorced, it’s not scriptural to mock the divorced, single, and barren – Daddy Freeze says

Daddy Freeze has narrated how his uncle warned him not to leave his previous marriage for fear that it would end his career. The OAP added that marriage doesn't define a person. He pointed out that Albert Einstein was divorced and the richest man in the world Jeff Bezos is also divorced yet it didn't stop them from fulfilling purpose. He added that it's not scriptural to mock the divorced, single and barren. Read his post below.
Tesla CEO, Elon Musk Surpasses Mark Zuckerberg To Become World’s Third-richest Man
News

Tesla CEO, Elon Musk Surpasses Mark Zuckerberg To Become World’s Third-richest Man

Tesla CEO, Elon Musk's net worth is now $115 billion, surpassing Facebook CEO Mark Zuckerberg on the list of the world's richest people, according to Financial website, Bloomberg.   According to Bloomberg, Musk's increase in wealth was propelled by Tesla's (TSLA) massive 12% stock gain on Monday August 31 after Tesla's 5-1 stock split.   The stock gain makes the Tesla founder and CEO the third-richest person in the world, behind Bill Gates and Jeff Bezos according to the Bloomberg Billionaires Index.   Apart from Tesla, Musk is also the founder of several other companies including SpaceX, The Boring Company, Hyperloop and OpenAI.   Musk's net worth exploded by nearly $90 billion this year. In January 2020, Musk's net worth was about $32 billi...
Jeff Bezos Becomes The First Person Ever Worth $200 Billion
News

Jeff Bezos Becomes The First Person Ever Worth $200 Billion

The world's richest person, Jeff Bezos, is wealthier than he's ever been. Early Wednesday he crossed a milestone previously unseen in the nearly four decades Forbes has been tracking net worths: With Amazon stock edging up 2% as of Wednesday afternoon, Bezos' net worth is up by $4.9 billion, making the 56-year-old the world's first-ever person to amass a $200 billion fortune. As of 1:50 p.m. EDT on Wednesday, the Amazon founder and CEO is worth $204.6 billion—nearly $90 billion more than the world's second-richest person, Bill Gates, who's currently worth $116.1 billion. Even adjusting for inflation, Forbes believes Bezos' fortune is the largest ever amassed. The person to come closest: Bill Gates, who was the world's first-ever centibillionaire. Near the height of the dot-com...
Amazon CEO Jeff Bezos agrees to testify before antitrust hearing
News

Amazon CEO Jeff Bezos agrees to testify before antitrust hearing

Amazon CEO and founder Jeff Bezos has agreed to testify before a US House of Representatives committee reviewing antitrust issues in the tech industry. He had resisted calls to testify, which caused the committee to threaten to subpoena Bezos if necessary. Bezos’ decision was written in a letter to the committee dated Sunday. “We are committed to cooperating with your inquiry and will make the appropriate executive available to testify. This includes making Jeff Bezos available to testify at a hearing with the other CEOs this summer,” wrote attorney Robert K. Kelner, of Covington & Burling, which is representing Amazon for the antitrust investigation. Kelner added that the timing and format for the testimony would still need to be worked out. He said Amazon has produced ov...
Jeff Bezos Could Become World’s First Trillionaire By 2026
Business

Jeff Bezos Could Become World’s First Trillionaire By 2026

Amid the collapsing economy due to the coronavirus pandemic, Jeff Bezos is expected to come out smelling like a rose — and reach the exalted status of the world’s first trillionaire, according to research. The Amazon founder — whose fortune is estimated at $143 billion, up from $125 billion on April 12, according to the Bloomberg Billionaire’s Index — was trending on Twitter after recent research suggests he could achieve that feat by 2026. The e-commerce giant’s sales topped $75 billion in the first quarter, driven by spiking demand during the pandemic that has kept people at home and depending on at-home delivery services, according to Marketwatch. Comparisun, a small-business advice platform, said it analyzed market capitalization of the 25 highest-valued companies on the New...
Jeff Bezos Tops Forbes World’s Billionaires List For 2020
Business

Jeff Bezos Tops Forbes World’s Billionaires List For 2020

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 ...
Coronavirus Fears Cost The World’s 5 Richest People $36bn This Week
Business

Coronavirus Fears Cost The World’s 5 Richest People $36bn This Week

The world’s five richest people finished their worst week ever in terms of dollars lost on Friday, hemorrhaging a combined $36.5 billion as the spread of the epidemic punished stocks and stoked worries about a global recession. That’s a sum that dwarfs the market capitalization of any number of US corporate giants, including Ford Motor Co., Clorox and Snap Inc. The week’s biggest loser was Amazon chief Jeff Bezos, who lost $11.7 billion during five blistering days of stock trading, leaving him with a fortune of $116 billion that nevertheless remained the world’s biggest, according to Forbes. Bezos — who earlier this month shelled out $165 million for a Beverly Hills mansion — was seconded by Microsoft co-founder Bill Gates, the world’s No. 2 tycoon, who is down $5.7 billion wi...
Read Bill Gates’ Tear Dropping Message, When Asked If He Was The Richest Man
News

Read Bill Gates’ Tear Dropping Message, When Asked If He Was The Richest Man

We all know who Bill Gate Is He is known as the father of computer. He was ones the first richest man in the world not until Jeff Bezos took the lead. There was a certain time Bill Gate was asked if there was someone richer than him. His response was heart melting. Back when Bill Gate was the richest man on earth, someone asked him ” Is there anyone richer than you in the world”? Bill Gate replied ” Yes there’s a person who is richer than me. It was when I wasn’t rich or famous. I was at the New York airport and I saw a newspaper vendor. ” I wanted to buy one newspaper and I realized I didn’t have change. So, I left the idea of buying and returned it to the vendor. I told him of not having the change. “The vendor said ‘I’m giving you this for free’, on this insistence ...
World’s Richest Man Jeff Bezos Pledges $10bn to Fight Climate Change
News

World’s Richest Man Jeff Bezos Pledges $10bn to Fight Climate Change

World's richest man, Jeff Bezos has announced his plans to spend $10 billion of his own fortune to help fight climate change. The Amazon founder, 56, made the announcement on Monday in an Instagram post, saying he’ll start giving grants this summer to scientists, activists, and nonprofits working to protect Earth. “I want to work alongside others both to amplify known ways and to explore new ways of fighting the devastating impact of climate change,” Bezos said in the post. Read the full post below.  Today, I’m thrilled to announce I am launching the Bezos Earth Fund.??? ??? Climate change is the biggest threat to our planet. I want to work alongside others both to amplify known ways and to explore new ways of fighting the devastating impact of climate change on this ...
Amazon Boss Jeff Bezos and his Girlfriend Lauren Sanchez join Anna Wintour at Tom Ford Hollywood Fashion show
Celebs

Amazon Boss Jeff Bezos and his Girlfriend Lauren Sanchez join Anna Wintour at Tom Ford Hollywood Fashion show

Amazon boss, Jeff Bezos, and his 'fiancee' Lauren Sanchez couldn't get their hands off each other as they attended the Tom Ford Hollywood fashion show in Los Angeles on Friday. The world's richest man, 56, and his rumored fiance, 50, who sat on the front row held hands during the evening event as they chatted with Vogue's British-American Editor-in-Chief Anna Wintour during the Fall/Winter 2020 show at Milk Studios. Their outing comes days after Lauren Sanchez's brother Michael Sanchez claimed in a defamation lawsuit that his sister is engaged to the Amazon founder. The Hollywood talent manager is currently suing Bezos and his security consultant Gavin de Becker over claims they falsely told journalists that he was the one who had provided Bezos' and Lauren Sanchez's nude ...
Jeff Bezos and Lauren Sanchez are Engaged – Sanchez’s brother claims in defamation lawsuit against the Amazon founder
Celebs

Jeff Bezos and Lauren Sanchez are Engaged – Sanchez’s brother claims in defamation lawsuit against the Amazon founder

Amazing CEO and World's richest man, Jeff Bezos, is reportedly engaged to his girlfriend Lauren Sanchez, her brother has claimed in a lawsuit. Hollywood talent manager, Michael Sanchez is currently suing Bezos and his security consultant Gavin de Becker for defamation. On Friday, Sanchez's brother, Michael Sanchez, filed a defamation lawsuit that claimed Bezos and his security consultant, Gavin de Becker, falsely told journalists he was the one who had provided Bezos' and Lauren Sanchez's nude photos to the National Enquirer in 2018. In the defamation lawsuit, he filed in Los Angeles, Michael also referred to Bezos as his sister's 'current fiance' and described his sister as Bezos' fiancee. According to Mail Online, the lawsuit contains several allegations about Bezos and h...
Report Reveals Saudi Crown Prince, Bin Salman Hacked Washington Post Owner, Jeff Bezos’ Phone 5 Months Before Khashoggi Murder
News

Report Reveals Saudi Crown Prince, Bin Salman Hacked Washington Post Owner, Jeff Bezos’ Phone 5 Months Before Khashoggi Murder

The Saudi Arabian government has denied hacking the phone of Jeff Bezos, owner of Amazon and Washington Post, after a private investigation set up by Bezos last year proved with almost certainty that Crown Prince Mohammed Bin Salman was responsible for the hack.   According to the bombshell investigation results, first released by The Guardian, forensic digital analysis concluded that Bezos' phone was compromised after Bezos received a malicious video file from a phone number used by Mohammed bin Salman, and immediately "large amounts of data" were extracted from Bezos' phone within hours. The National Enquirer, a US tabloid, weeks later gained access to private texts Bezos exchanged with a woman named Lauren Sanchez, with whom he was having an extramarital affair. After ...
Amazon boss, Jeff Bezos and girlfriend Lauren Sanchez make their red carpet debut as a couple
News

Amazon boss, Jeff Bezos and girlfriend Lauren Sanchez make their red carpet debut as a couple

Jeff Bezos and girlfriend Lauren Sanchez have finally made their romance red carpet official. The Amazon CEO and richest man in the world was spotted walking the carpet with the TV personality in Mumbai, India, as part of an Amazon Prime event. The pair dressed to the nines, with Bezos rocking a marble-patterned black and white tuxedo jacket paired with black tuxedo slacks, while Sanchez stunned in a sultry red and black gown featuring a plunging neckline and thigh-high slit. The glitzy appearance comes amid a reported investigation into Amazon's business practices in India which is being conducted by the country's Competition Commission, an antitrust regulatory agency, according to the New York Times. However, Bezos seemed far from concerned as he and his ladylove posed for ...
Bill Gates Tops Jeff Bezos As Richest Person In The World: See The Full List
News

Bill Gates Tops Jeff Bezos As Richest Person In The World: See The Full List

Microsoft Corp. co-founder Bill Gates overtook Amazon.com Inc.’s Jeff Bezos as the world’s richest person on Friday, reclaiming the top ranking for the first time in more than two years. Gates may have been helped in part by the Pentagon’s surprise decision announced Oct. 25 to award a $10 billion cloud-computing contract to Microsoft over Amazon. Shares of Microsoft have since climbed 4%, giving Gates a $110 billion fortune, according to the Bloomberg Billionaires Index. Amazon’s stock is down about 2% since the announcement, putting Bezos’s net worth at $108.7 billion. Gates, 64, had briefly topped Bezos, 55, on an intraday basis last month after Amazon posted its first profit drop in two years, but shares of the world’s biggest online retailer pared the decline. The index, which t...
Jeff Bezos reclaims ‘World’s Richest Man’ title after losing it to Bill Gates
News

Jeff Bezos reclaims ‘World’s Richest Man’ title after losing it to Bill Gates

Jeff Bezos suffered a drop in his vast net worth on Thursday after Amazon stock tumbled more than 7% on disappointing third-quarter financial results. The stock rout, largely driven by Amazon’s first quarterly profit decline in two years and a weak revenue guidance, translated to a $9 billion loss on paper in Bezos’ personal account. Although it wasn’t a huge write-off compared to Bezos’ $100 billion-plus total worth, it was just enough to knock him off the champion’s podium as the world’s richest person. After the stock tumble Thursday afternoon, Bezos’ net worth stood at $103.9 billion, about $2 billion less than that of Bill Gates, who became the world’s richest person again—after losing the title to Bezos two years ago. The new order didn’t last long, however. Amazon shares...
Jeff Bezos Agrees $35bn (N12.5trn) Divorce.
News

Jeff Bezos Agrees $35bn (N12.5trn) Divorce.

The world's richest man, Amazon founder Jeff Bezos, and his wife MacKenzie have agreed a record-breaking divorce settlement of at least $35bn (N12.5trn). Ms Bezos keeps a 4% stake in the online retail giant, worth $35.6bn on its own. Amazon was founded by Jeff Bezos in Seattle in 1994, a year after the couple married, and Ms. Bezos was one of its first employees. Both parties tweeted positive comments about the other in the wake of the announced settlement. The two did not provide any further financial details about the settlement. The Amazon shares alone will make Ms Bezos the world's third-richest woman while Jeff will remain the world's richest person, according to Forbes. Jeff Bezos, 55, and MacKenzie, 48, a novelist, married in 1993 and have four children. Ms Bezos'...
Jeff Bezos and MacKenzie Settle Divorce
Celebs

Jeff Bezos and MacKenzie Settle Divorce

Jeff Bezos, the world’s richest man, has reached a divorce settlement with his wife, MacKenzie, which leaves her a 4% stake in Amazon. Jeff, 55, will keep 75 percent of their Amazon stocks, leaving MacKenzie, 48, with just a quarter which represents a four percent stake in the company worth around $32billion at current value. According to Daily Mail, Jeff’s 12 percent stake is now worth around $100billion which allows him to retain his title as the richest man in the world because he still has $4billion more than Bill Gates. He will also take voting control of her remaining quarter and has been given her stock in The Washington Post and Blue Origin. The pair announced the details in tweets on Thursday afternoon. But there was no mention of how they will divide their sprawling ...
Meet The World Billionaires Of 2019 – Forbes
News

Meet The World Billionaires Of 2019 – Forbes

Capitalism is taking some lumps—and not just in the headlines. For only the second year in a decade, both the number of billionaires and their total wealth shrank, proving that even the wealthiest are not immune to economic forces and weak stock markets. By our latest count there are 2,153 billionaires, 55 fewer than a year ago. Of those, a record 994, or 46%, are poorer (relatively speaking) than they were last year. In total, the ultra-rich are worth $8.7 trillion, down $400 billion from 2018. Altogether 11% of last year’s list members, or 247 people, dropped out of the ranks, the most since 2009 at the height of the global financial crisis. Asia-Pacific was hardest hit, with 60 fewer 10-figure fortunes. That dip was led by China, which has 49 fewer billionaires than a year ago. E...
World’s Richest Couple, Jeff & Mackenzie Bezos Are Getting Divorced After 25 Years
News

World’s Richest Couple, Jeff & Mackenzie Bezos Are Getting Divorced After 25 Years

Jeff Bezos and his wife, MacKenzie, are getting a divorce after 25 years of marriage, according to a joint statement put out Wednesday on the Amazon CEO's Twitter account. "After a long period of loving exploration and trial separation, we have decided to divorce and continue our shared lives as friends," the couple said in the statement. "We feel incredibly lucky to have found each other and deeply grateful for every one of the years we have been married to each other," the statement continued. "If we had known we would separate after 25 years, we would do it all again." Bezos, 54, and MacKenzie, 48, met and got married while working at D.E. Shaw, a New York-based hedge fund, in the early 90s. Shortly after, they packed up and moved across the country to Seattle, where Bezos ...
News

World’s Most Powerful CEOs In 2018

Forbes has recently named the world’s most powerful CEOs for 2018 and below is a review of how this great men all started, some got there fast, some not that fast but a summary of how they arrived here could place us on the lane of encouragement… Jeff Bezos, 54 (Amazon) Jeff Bezos who in July 5, 1994 founded Amazon an online marketing site originally made for selling books and later on diversified into selling music and videos. Today, Amazon don’t just sell these alone but almost any kind of consumer goods you can think of. Bezos purchased The Washington Post in 2013 for $250 million, Bezos has being the only man with a net worth to surpass $150billion for the past 3 decades that Forbes have being following up the richest Americans. As of today 3rd of January his net worth is $12...
Dangote Remains Africa’s Richest Man
News

Dangote Remains Africa’s Richest Man

 Alhaji Aliko Dangote has remained the richest man in Nigeria with his net worth still higher than that of Mike Adenuga.  The President of Dangote Group, Alhaji Aliko Dangote has retained his position as Africa’s richest man with a $12.4billion net worth. This was contained in a new report by Forbes on Monday. Also, listed by Forbes, is the Chairman of Conoil and Globacom, Chief Mike Adenuga, whose net worth is $4.4billion. The report showed that despite losing $1.7billion in few months, Dangote has remained a strong brand, retaining his position as Africa’s wealthiest man. Adenuga was also said to have lost $1.1billion within the period. Globally, Jeff Bezos, the founder of Amazon.com Inc, is the richest man in modern history. Bezos’s fortunes jumped from $112bi...
Amazon Founder Jeff Bezos Becomes The Richest Person In The World
News

Amazon Founder Jeff Bezos Becomes The Richest Person In The World

Amazon founder Jeff Bezos is now the richest person in the world. The 53-year-old CEO has passed Bill Gates to become the richest person in history. Bezos made $6.1 billion in just five trading days in 2018 and is now worth $105 billion, according to the Bloomberg Billionaires Index. His net worth reached $105.1 billion on Monday eclipsing the record previously held by Microsoft founder Bill Gates. A rise in Amazon’s share price made the New Mexico-born businessman richer by $1.4 billion on Monday, reports said. This means that in five days, he earned more than most Americans would in 5 lifetimes. The rise in Bezos’ fortune makes him worth more than Microsoft founder Bill Gates was ever worth, Bloomberg reports. The net worth of Bezos continues to grow as shares of the online retail ...
Court Bars Trump From Changing Military Policy On Service By Transgender People
News

Court Bars Trump From Changing Military Policy On Service By Transgender People

US court bars Trump from changing military policy on service by transgender people. Big technology companies had a wonderful romp in after-hours trading. Following Thursday’s third-quarter earnings, most of the big names were up. Microsoft Corp. jumped as much as 4.6 percent; Alphabet Inc. was up around 3 percent. And Twitter Inc., a decidedly smaller name, reported before the market opened and ended the day with a 19 percent gain. But Amazon.com Inc.’s success was the most fun to watch. The Everything Store got a 7.7 percent bounce in late trading after it revealed net income of $256 million. That’s nothing! But for Amazon, it’s an unexpected, humongous pile of cash. Teach investors to expect losses, and they’ll freak out when you turn a small profit. Revenue growth, of course, is what’...
Amazon Primes Whole Foods For More Visitors
News

Amazon Primes Whole Foods For More Visitors

Jeff Bezos is about to one-up your grocery store loyalty program. Today, millions of consumers get lower prices and other perks in exchange for favoring one store chain over another. Starting Monday, Amazon.com Inc. will lavish its most loyal customers with similar benefits and more when they shop at Whole Foods Market Inc., the high-end grocery chain it’s buying for $13.7 billion. People who already pay $99 for Amazon Prime’s free shipping, streaming music and video will have another reason to renew each year: cheaper organic avocados, eggs and chicken. Tying Prime membership to grocery buying habits plays squarely into Amazon’s strategy of selling all things to all people. While likely boosting Prime’s membership rolls, it could also induce a broader range of customers to sto...
Business Lessons From Jeff Bezos
News

Business Lessons From Jeff Bezos

Even if it was for a day, or less he made history by upstaging Bill Gates as the world’s richest man. That was at the end of July 2017. Indeed, when he clinched the prestigious TIME Magazine’s Man-of-the Year award at the turn of the century, back in December, 1999, Jeffery Preston Bezos was worth a hundred million dollars ($100 million). But now his net worth is a whopping $86.7 billion! Also noteworthy is the fact that as at 1999 Bezos was 35 and ranked as the fourth youngest individual, behind Charles Lindberg (25), Queen Elizabeth 11 (26), Martin Luther King Jnr. (34) to be so honoured. Described as “the king of cyber commerce,” what matters to us are the lasting lessons to glean from his phenomenal rise to the top rung of the global corporate ladder with a short span of 18 years? J...
Putin Richer Than Gates, Bezos Combined – US Financier
News

Putin Richer Than Gates, Bezos Combined – US Financier

The claim of Microsoft co-founder, Bill Gates, and Amazon’s owner, Jeff Bezos, to being the world richest person is false. This is according to US Financier and the chief executive officer of Hermitage Capital Management, Bill Browder, who claimed Russian leader, Vladimir Putin, is the world wealthiest. Browder reportedly told senators that Putin is richer than both Bezos and Gates combined. According to Newsweek, Browder estimated Putin’s net worth at $200bn, while Bezos and Bill are worth a combined $183bn. Newsweek said that Browder’s company was once the largest portfolio investor in Russia and the financier was a shareholder in Gazprom, Surgutneftegas and other Russian state-run enterprises in the 1990s. Around that time Putin reportedly made a deal with Russian busines...
Bill Gates Dethrones Amazon Boss Jeff Bezos Hours After Becoming World’s Richest Person
News

Bill Gates Dethrones Amazon Boss Jeff Bezos Hours After Becoming World’s Richest Person

Amazon founder and CEO Jeff Bezos became the richest man in the worldon Thursday morning, when a sudden surge in Amazon stock made him $1.5 billion overnight. His fortune grew to over $90 billion that day. For several hours, Bezos was the richest person on earth, surpassing Microsoft founder Bill Gates. He lost the title later in the day when Amazon’s stock dropped, returning him to second place, with a net worth just below $90 billion. Bill Gates is back to being the world’s richest man. Bill Gates has been top on the list for 18 out of the 23 years the Forbes Richest list was initiated.
Jeff Bezos Overtakes Bill Gates To Become World’s Richest Man
News

Jeff Bezos Overtakes Bill Gates To Become World’s Richest Man

Amazon CEO Jeff Bezos has overtaken Bill Gates and is now the richest person in the world, with a fortune topping $90 billion for the first time ever. When markets opened on Thursday, Bezos had a net worth of $90.6 billion, putting him $500 million ahead of Microsoft founder Bill Gates. Amazon stock opened up 1.6% on Thursday, adding $1.4 billion to Bezos’ net worth. That was enough to put him ahead of Gates, who was last surpassed on Forbes’ real-time rankings for just two days nearly a year ago by Spanish retail giant Amancio Ortega. Forbes started tracking billionaires around the globe in 1987. Bezos is now the seventh person to hold the title of the world’s richest person and the third American to top the global ranks besides Gates and Berkshire Hathaway CEO Warren Buffett. Wh...