Advertisement
Global  

“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

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.

18
shares
Share on
Facebook
Share on
Twitter
Post on 
Reddit
Share by
Email
 
Source: Wochit Business - < > 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...

Recent related news

Jeff Bezos becomes world’s richest as Amazon workers strike

Amazon founder and CEO Jeff Bezos is the richest person on the planet according the Bloomsberg Billionaires Index.
euronews - Front PageAlso reported by •MashableFirstpostengadgetDNASeattle TimesBGR IndiaNewsmaxNew Zealand HeraldUSATODAY.com

Amazon has the Dyson Ball upright vacuum on sale for less than $150

With Prime Day only three days away, Amazon is getting ready for deep discounts by offering amazing deals and sales throughout the website just before the online...
Mashable - Internet

Luxe Travel for Less: HomeAway Launches First-ever Affordable Luxury Collection of Vacation Homes

Curated collection offers the indulgences of a splurge-worthy getaway at less than $100 per night AUSTIN, Texas (PRWEB) July 11, 2018 If summering in a...
PRWeb - Press Releases

$15-30 trillion: That's the loss for not educating girls, says World Bank

Not educating girls or creating barriers in their school education globally costs between $15 to $30 trillion, the World Bank said today. Less than two thirds...
DNA - Front Page

You Might Like


Tweets about this


Other recent news in Business

David Solomon appointed as new GOLDMAN SACHS bossGoldman Sachs officially kicks off new era with appointment of DAVID SOLOMON as its next CEO and chairman
Goldman Sachs' QUARTERLY PROFIT rises 44%Fin24.com | Amazon suffers tech crashes and strikes during PRIME DAY bonanza

Recent related videos

Target Launches Its Own Mega Sale on Amazon Prime Day [Video]Target Launches Its Own Mega Sale on Amazon Prime Day

Target has announced its own mega website sale with “no membership required.” The chain is is even hosting their one-day sale on the same day as Amazon Prime Day. Target is touting the lack of..

Wochit Business -

Polishing Oil Products Tanker Propeller Underwater [Video]Polishing Oil Products Tanker Propeller Underwater

Diving is such an incredible activity. Getting to experience an environment that is completely different from your own, a place where you wouldn’t survive without the proper gear, it is a thrill..

Rumble Studio -

Smart Parrot Keeps His Cool For What The Fluff' Challenge [Video]Smart Parrot Keeps His Cool For What The Fluff' Challenge

From time to time there are various kinds of challenges that are becoming popular all over the world. Just remember the "ALS Ice Bucket Challenge" when people poured themselves with a bucket of ice..

Rumble Studio -

Jeff Bezos Raches $150 Billion On Prime Day [Video]Jeff Bezos Raches $150 Billion On Prime Day

Amazon’s malign power has grown to the point where for several years now, it has declared its own holiday, Prime Day, which is essentially centered around giving it huge amounts of money while..

Wochit -

•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  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  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   FIND us on Google+