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.
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 with his wealth. The impressive growth in Bezos' fortune is being fueled by his holdings in Amazon (AMZN). The company's stock is up nearly 25% over the last three months and 86% so far this year.
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.
A new report in the NY Post has shed new light on the disfunction inside NY Mayor Bill de Blasio's beleaguered administration. The report cited an incident centering around the de Blasio's celebration of centennial of women's suffrage. A white staffer apparently sparked bitter race row after telling black colleague it was 'negging' and 'confrontational' to bring up race in the suffrage conversation.
Amazon is planning to expand its delivery network. The change could bring Amazon even closer to customers in suburban neighborhoods and enhance its overall delivery network. According to Business Insider Amazon is looking to open 1,000 small delivery hubs near suburbs and cities across the US. Amazon has typically opened warehouses in exurban environments, keeping away from residential areas. The new change could bring Amazon even closer to customers in suburban neighborhoods.
As if pregnant women don't have enough to worry about already, the COVID-19 pandemic is presenting them with even more challenges. Unsettling new research published by the CDC found that women who develop symptoms related to COVID-19 while hospitalized often become critically ill. According to Gizmodo, the study from the CDC also found women with COVID-19 may be more likely to have a preterm birth or possibly even miscarriage. About 12% of women with COVID-19 had a premature delivery.
A new Senate report finds an estimated 85 million are late in one week. According to Gizmodo the report finds there had been nearly a 20 percent drop in on-time deliveries. The report was prepared by Democratic staff on the Homeland Security & Governmental Affairs Committee. It describes a significant decline in the percentage of mail delivered on time in each of the postal service’s 67 districts. The reports blame controversial changes ordered by Postmaster General Louis DeJoy for the delays.
Deaths from the novel coronavirus COVID-19 in America skyrocketed over the course of 2020. However, the US Department of Health and Human Services routinely tried to muzzle what information health officials released to the public. Gizmodo reports HHS staffers made repeated attempts to water down the Centers for Disease Control and Prevention’s Morbidity and Mortality Weekly Reports.
QAnon supporters are far-right extremists who believe President Donald Trump is battling a covert, widespread cabal of Satan-worshipping pedophiles. The conspiracy theory later blew up on Facebook and other social media platforms, and has been promoted even by Trump and members of his inner circle. But according to Gizmodo, one of the internet’s largest hub of Qanon conspiracy theorists, QMap, abruptly went dark this week. An investigation by Logically.
A trio of new studies seem to push back the start of the COVID-19 pandemic in the U.S. Two of the studies suggest that COVID-19 was spreading locally in Washington State in late January. Another suggests it was sickening people in Los Angeles last December. Gizmodo reports these estimates are at least weeks before it was clearly documented in the U.S. As the authors acknowledge, there’s simply no way to tell how many cases were here earlier than we thought.
U.S. Democratic presidential candidate Joe Biden warned the United Kingdom that it must honour the Northern Irish peace deal as it extracts itself from the European Union or there would be no U.S. trade deal. Adam Reed reports.