Jeff Bezos is now worth more than $200 billion, making him the richest person in the world by nearly $90 billion
Thursday, 27 August 2020 Jeff Bezos is now worth more than $200 billion, according to Forbes and Bloomberg.That makes him worth almost $90 billion more than the second-richest person in the world: Microsoft cofounder Bill Gates, who has a fortune of about $116 billion, according to Bloomberg.Bezos has more wealth than anyone else has ever had, even when adjusted for inflation, Forbes reported. At the height of the dot-com boom, Gates was worth an estimated $158 billion in today's dollars, according to Forbes. The milestone comes as Amazon continues to thrive during the COVID-19 pandemic thanks to a surge in online sales.Visit Business Insider's homepage for more stories. Jeff Bezos,...
Jeff Bezos already holds the title of the world's richest man. Now the tech mogul's net worth has skyrocketed once again, setting another new record. According to CNN, on Wednesday, the Amazon CEO's wealth reached an estimated $202 billion. Bezos founded Amazon in 1994 and continues to break records...
The wealth of 643 of US' richest billionaires rose from $2.95 trillion to $3.8 trillion between March 18 and September 15. This marks a 29% increase over those six months. That's according to a report by the Institute for Policy Studies and Americans for Tax Fairness said. Tesla founder Elon Musk's wealth increased by 273% in the period to $92 billion. Jeff Bezos wealth increased 64.8%, from $113 billion to $182. Mark Zuckerberg's wealth increased from $54 billion to $100.
Amazon CEO Jeff Bezos topped Forbes' list of richest Americans for the third year in a row, while U.S. President Donald Trump's ranking dropped as the pandemic slammed his office buildings, hotels and resorts, the magazine said Tuesday. Colette Luke has the latest.
MacKenzie Scott is the richest woman in the world. Scott's net worth is now a staggering $68 billion. According to CNN, Scott has surpassed L'Oréal heiress Francoise Bettencourt Meyer in terms of wealth. Scott was married to Amazon founder Jeff Bezos until their recent divorce. Scott received a quarter of Bezos' Amazon shares in the couple's divorce settlement in 2019. That equated to a 4% stake that was worth more than $35 billion at the time.
REUTERS/Steve Nesius Tesla CEO Elon Musk's personal wealth gained nearly $8 billion Monday as the stock surged 11% to an all-time high. Musk is now the fourth-richest person in the world, according to the Bloomberg Billionaires Index. Overall, Musk's net worth has grown by $57.2 billion this year, the second-largest gain behind Jeff Bezos' $73 billion increase. Read more: Bruce Fraser outperformed the S&P 500 by nearly 286% as a hedge-fund manager before switching to real-estate investing.
With the release of their foundation’s latest annual Goalkeepers Report, Bill and Melinda Gates are doing a lot of interviews and pushing one primary message: The U.S. is failing in its coronavirus response, and that represents a failure for the globe. That’s something we’ve heard from Bill Gates repeatedly since the… Read more...
From China allowing Indians to return to another Uttar Pradesh minister reportedly testing positive - here are the top news updates on the Covid-19 pandemic. Around 150 Indians including diplomats' kin, bank staff, etc will return to China on August 6. Beijing hadn't allowed Indians into China on a June 29 flight following which hectic talks took place. China will allow those who get tested within five days of journey and get health form endorsed. Bill Gates said that the US must have global approach on vaccine and not just 'take care of ourselves'. Meanwhile, China, which claims Taiwan as a part of its territory, has said that US must end Taiwan ties to avoid damage to Washington-Beijing ties. As per Reuters calculations, one person is dying every 15 seconds due to Covid. As per the past two weeks' data, nearly 5,900 Covid-related deaths happening every 24 hours. In UP, minister Brajesh Pathak has reportedly found infected on August 5, while another state minister Kamal Rani Varun had recently died due to Covid infection.
Credit: HT Digital Content Duration: 02:44Published
A new Washington Post/ABC News poll is bad news for Joe Biden. The poll has Pres. Donald Trump narrowly ahead Joe Biden in Florida and Arizona among likely voters. The poll was conducted September 15-20. It found Trump ahead by 4 points in Florida (51%-47%) and 1 point in Arizona (49%-48%) among likely voters. According to Forbes, the Post/ABC News poll is a high quality survey.
Forbes magazine has declared Tyler Perry a billionaire. Perry was raised in poverty in New Orleans. CNN reports that Perry dropped out of high school and went through a period of homelessness as he struggled as a playwright. The plays made him a star. He's produced TV shows and movies and owns one of the biggest studios in the country. "Ownership changes everything," he told Forbes.
The Federal Reserve is targeting above 2% inflation. Scott Minerd, Guggenheim global CIO told Bloomberg on Wednesday it is "virtually impossible" for the Fed to achieve that without creating a bubble in asset prices. "The reality is that the inefficiencies that are building up in the system." Minerd said misinformation and mistaken investments will pose a challenge to investors.
In order to give its employees a major sense of relief, Apple has decided to design its own face masks and the company will distribute it to its retail and corporate employees. Most of the employees of Apple wear masks on the job as a precautionary measure against the coronavirus, and as a result, Apple has decided to come up with its own masks, Mashable cited a Bloomberg report. As per this report, Apple is providing two face masks to each of its employees. One mask is called "ClearMask" and it has been sourced from other companies. The other mask is known as "Apple Face Mask" has been created by Apple's Engineering and Industrial Design teams. This particular mask has up to three layers that filter incoming and outgoing particles, and it can be washed and reused up to five times," Mashable cited a Bloomberg report. The company will now start sending Apple Face Masks to its employees over the next two weeks.
ByteDance is likely to miss the deadline imposed by the Trump administration for the sale of TikTok's U.S. assets as new Chinese regulations have complicated deal talks, Bloomberg reported on Thursday. Ciara Lee reports
The stock market is poised for another ten-year bull run. That's according to Brian Belski of BMO Capital Markets. Belski told Bloomberg that the stock market's low on March 23 was the "control alt delete" reset button for the next 10-year bull run. It will be the second half of a 20-year secular bull market. He cautioned investors to not play the same strategy that they did following the 2008 financial crisis.