Markets

Amazon CEO Jeff Bezos now worth $105B, surpassing Bill Gates

Amazon CEO Jeff Bezos now worth $105B, surpassing Bill Gates

Gates' net worth would far exceed $93.8 billion if he had not given to charity, primarily the Bill & Melinda Gates Foundation.

According to Bloomberg's daily billionaire index, Bezos' net worth reached US$105.1 billion Monday. According to CNN, he owns 78.9 million shares of Amazon. Most of Bezos' wealth comes from his Amazon holdings, tying his net worth to market fluctuations. Shares of Amazon have risen by nearly seven per cent this year after rising 56 per cent in 2017, reported money.cnn.com.

Amazon shares have risen 6.6 percent this year, with a report showing the Seattle-based company captured 89 percent of online spending among dominant holiday retailers in the five-week period beginning the day after Thanksgiving in the U.S.

Bezos also controls closely held space exploration business Blue Origin and the Washington Post.

Man behind India's leading rum brand dies
However, between 2010 and 2014, there was a decline of over 50 per cent in its sales as preference turned to white rums and vodka. Kapil Mohan was forced to take on the reins of Mohan Meakin in the early 1970s after the death of his elder brother, VR Mohan.

Jeff Bezos, Amazon CEO's, is now the richest person of all time, eclipsing the record previously held by Microsoft founder Bill Gates.

When Amazon stock climbed 1.4 per cent Monday, it added approximately $1.4 billion to Bezos' net worth. He moved back ahead of Gates in October.

Warren Buffett is third in net worth at $87.2 billion, followed by Facebook's Mark Zuckerberg ($77.5 billion) and Amancio Ortega of Spain ($76 billion), Bloomberg reported.


  • Senate Democrats Just Released the Full Fusion GPS Testimony

    Senate Democrats Just Released the Full Fusion GPS Testimony

    Simpson testified behind closed doors at the hearing and has called on the transcript be released after GOP Sen. Simpson did not identify the source in his Judiciary Committee testimony.
    No, it isn't too late to get a flu shot

    No, it isn't too late to get a flu shot

    Flu symptoms include fever, cough, sore throat, body aches, headache, chills and fatigue. That just means those people waited too long to get vaccinated.
    Newcastle U23 boss Beardsley under investigation for racist abuse

    Newcastle U23 boss Beardsley under investigation for racist abuse

    Yasin Ben El-Mhanni joined United a year and a half ago and it is alleged that the bullying started within months of him signing. No decision has yet been made about Beardsley's long-term future at the club he graced in two separate spells as a player.
  • Teacher handcuffed at Vermilion Parish school board meeting

    Teacher handcuffed at Vermilion Parish school board meeting

    KATC reported it was unclear if the marshal was instructed by the board to remove Hargrave or chose to it on his own accord. The arrest stemmed from a heated discussion about renewing the superintendent's contract and giving him a raise.
    Trump holds meeting with bipartisan lawmakers over immigration

    Trump holds meeting with bipartisan lawmakers over immigration

    That's an argument GOP lawmakers who want a deal are making to Trump to convince him he has maximum leverage now that will wane. The wall now represents a complicated political question for Republicans and Democrats.
    Aspirin And Ibuprofen Linked To Infertility In Men

    Aspirin And Ibuprofen Linked To Infertility In Men

    Based on the results, researchers don't recommend taking ibuprofen for longer than the 10 days it says on the packet. It is known to increase the risk of heart attacks and stroke if taken regularly in high doses for a long time.
  • Jignesh Mevani Leads 'Yuva Hunkar' Rally

    Jignesh Mevani Leads 'Yuva Hunkar' Rally

    The newly elected MLA also said that when he fought elections in Gujarat he always spoke about bringing people together. Earlier, scores of people gathered around the barricaded Parliament Street for the protest march planned by Mevani.
    Allegiant Air announces two new direct flights

    Allegiant Air announces two new direct flights

    Low-priced carrier Allegiant announced new routes from Indy to Charleston, South Carolina, and Sarasota/Bradenton, Florida. The low fares are introductory one-way rates and seating is limited.
    Emma Stone bailed on Globes parties 'date' Jennifer Lawrence

    Emma Stone bailed on Globes parties 'date' Jennifer Lawrence

    But things went awry when Stone canceled on her halfway through her "glam", which resulted in an incomplete makeup look . But when everyone is dressed in the same colour, there's even more reason to make a statement with the make-up.
  • U.S.  vice president Pence to visit Jordan on January 21st

    U.S. vice president Pence to visit Jordan on January 21st

    In the aftermath, Arab states have said they will push for worldwide recognition of east Jerusalem as the Palestinian capital. Jerusalem's status has always been one of the main obstacles to a peace agreement between Israel and the Palestinians.
    Meghan Markle's father will give her away

    Meghan Markle's father will give her away

    She was dressed in dark slacks with a long cream-colored coat and a cream-colored scarf wrapped around her neck. Harry and Ms Markle also visited Pop Brixton, a community project housing local start-ups and restaurants.
    Rumor: iPhone SE 2 will feature glass back, possibly for wireless charging

    Rumor: iPhone SE 2 will feature glass back, possibly for wireless charging

    Apple switched to glass backs on the iPhone 8, iPhone 8 Plus, and iPhone X in large part to support wireless charging. There are also reports saying that the iPhone SE 2 will two storage variants: a decent 32GB model and a 128GB model.