“News neutrality by unbiased coverage”
One News Page
> >

Amazon's Jeff Bezos - The World's Richest Man - For Less Than 24 Hours

One News Page Staff Wednesday, 2 August 2017
Amazon's Jeff Bezos - The World's Richest Man - For Less Than 24 Hoursby 👨‍💻 Graham Pierrepoint

Whether or not you shop with Amazon, you can hardly deny that their scope has broadened massively – growing from one of the very first online bookstores in the mid-90s to the multi-billion enterprise it is today, it’s hard to believe just how quickly Jeff Bezos’ firm has grown overnight. You can now order groceries and a range of items to get to you the next day – from its humble beginnings just over 20 years ago out of Bezos’ home garage, it’s incredible just how much the brand has grown. For Bezos, too – as CEO and founder of the marketplace – it has resulted in his becoming one of the richest businesspeople in the world – in fact, he received the hallowed crown of world’s richest man recently – but not for long.

On Thursday, July 27, Amazon’s shares hit a big surge of around 1.6% - increasing Bezos’ supposed net worth to around $90.6 billion. This surge saw the CEO and founder overtake Microsoft co-founder Bill Gates by $0.5 billion – and, for the first time in four years, Gates had been knocked off the top spot of the rich list. However, thanks to the fluctuating nature of markets and shares, Bezos’ tenure as the wealthiest man on the planet didn’t last long. In fact, Amazon’s share prices fell again later in the afternoon, once again giving Gates a firm lead.

Both Gates and Bezos are keen on philanthropy – Gates has been running the Bill and Melinda Gates Foundation for some time – while Bezos has directly engaged with the public in an attempt to discover new ways to help those who cannot help themselves. Amazon, meanwhile, continues to go from strength to strength. Despite having seen a recent drop in share prices by up to 3%, the company’s value is thought to have spiked by up to 40% this year alone – making it abundantly clear that it is a brand which will be sticking around for some time.

Regardless of whom is the richest person in the world – it’s clear that technology is still top of the profitability ladder. Gates helped to revolutionize the way we work, play and communicate – and Bezos arguably transformed the way we shop and entertain ourselves. It just goes to show – whoever has the next big tech idea could well end up rubbing shoulders with Gates and Bezos in the near future at the top of the rich list.

Credit: Wochit Business - Published < > Embed
News video: Prime Day Was Amazon's Biggest Ever

▶ Prime Day Was Amazon's Biggest Ever 00:33

Prime Day is Amazon’s summertime version of Black Friday. It’s when thousands of products are sold at a discount, and in 2017 it was the biggest day in Amazon’s history: busier than Black Friday, busier than Cyber Monday, and busier than Prime Day 2016. It’s no wonder that in July 2017 Amazon...

You Might Like

Recent related videos from verified sources

Amazon Warehouse Worker Describes Amazon Warehouse Worker Describes "Toxic Culture" 01:08

Business Insider reports that an anonymous Amazon worker has begun writing a column for The Guardian about the working conditions at Amazon's fulfilment centres. The column is titled "Amazon Diaries."..

Credit: Wochit - Published

Jeff And MacKenzie Bezos Worth $145 Billion [Video]Jeff And MacKenzie Bezos Worth $145 Billion 00:36

Business Insider recently wrote about the marriage of Jeff and Mackenzie Bezos. They are the richest married couple in the world. Jeff Bezos is Amazon's CEO and founder. Apparently, they met at work..

Credit: Wochit - Published

Jeff Bezos' Daily Routine [Video]Jeff Bezos' Daily Routine 00:36

Jeff Bezos is the richest person in the world. His company is worth $1 trillion. Business Insider recently followed him around and reported his daily routine. He wakes up every morning without using an..

Credit: Wochit Business - Published

Jeff Bezos Lost $9.1 Billion After Stocks Fell [Video]Jeff Bezos Lost $9.1 Billion After Stocks Fell 00:32

A huge stock market slump on Wednesday cost the world's richest man more than $9 billion. Jeff Bezos lost $9.1 billion on Wednesday, leaving him with a net worth of $145.2 billion. This sets Bezos back..

Credit: Wochit - Published

Recent related news from verified sources

The man who predicted Amazon would buy Whole Foods expects the tech giant will soon be the world's fastest growing healthcare company

The man who predicted Amazon would buy Whole Foods expects the tech giant will soon be the world's fastest growing healthcare company
· New York University marketing professor Scott Galloway has been known for his predictions when it comes to Amazon — first predicting it would acquire Whole...
Business Insider - TechnologyAlso reported by •One News Page Staff

Focus on resistance to HIV offers insight into how to fight the virus

Of the 40 million people around the world infected with HIV, less than one per cent have immune systems strong enough to suppress the virus for extended periods...
Science Daily - Science

Gwyneth Paltrow says Jeff Bezos hasn't answered her emails asking for advice

Gwyneth Paltrow says Jeff Bezos hasn't answered her emails asking for advice
· *Gwyneth Paltrow said in an interview with Wall Street Journal Magazine that she hs emailed Amazon CEO Jeff Bezos for advice, but he has never responded.* ·...
Business Insider - TechnologyAlso reported by •New Zealand Herald

Amazon's record-breaking Cyber Monday nets Jeff Bezos $9 billion

Amazon's record-breaking Cyber Monday nets Jeff Bezos $9 billion
World's richest man Jeff Bezos added US$6.28 billion ($9.1b) to his fortune after his company, Amazon, recorded its biggest shopping day in customer history.The...
New Zealand Herald - Business

Tweets about this

Other recent news in Business

Canada arrests HUAWEI global CFO in VancouverGlobal markets: U.S. stock futures fall, Asia follows after CANADA arrests Huawei CFO
HUAWEI CFO arrested in Canada: Canada's Justice DeptMark Zuckerberg once suggested that a FACEBOOK user's data was worth ten cents a year (FB)
•More original news reports from One News Page
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2018 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Contact us  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest