Tuesday, 13 November, 2018

Amazon’s Bezos becomes richest man in modern history, with wealth topping $150bn

Jeff Bezos Modal Trigger Reuters
Russell Knight | 18 July, 2018, 23:55

According to Forbes' 2018 rating, Gates is second on the rich list with his $93.6 billion net worth.

The latest ranking sees Bezos open a $55 billion gap between the Microsoft co-founder, Gates, who has a net worth of $95 billion and has occupied the top spot for almost two decades. Although that's significantly less than what Bezos is worth, Gates spreads his wealth and Bezos simply doesn't (his first donation ever was made just this year).

That makes Bezos the wealthiest person on the Bloomberg since it began tracking the world's richest people in 1982.

Adjusted for inflation, Gates' net worth was around $149 billion at the time.

But Bloomberg also reported on Monday that Jeff Bezos's net worth is up to $150 billion, based on today's rise in Amazon shares.

Of course, one does not become worth $150 billion by generating it out of thin air so much as taking it from others.

Meghan Markle's half-sister Samantha says if their father dies 'Meg is responsible'
The newlyweds were reported to be "frustrated" by his interviews with the press, but Thomas hasn't been fazed by the reports. Very different from the one last week, I might add - but that's by the way.

Raptors, Spurs finalizing trade involving Leonard, DeRozan
The Raptors are competing with the Boston Celtics and Philadelphia 76ers to be in prime position for a run to the finals. Leonard played in only nine games in 2017-18, scoring 16.2 points a night, well below his average of 25.5 in 2016-17.

Trump casts doubt on U.S. intelligence, calls Putin's meddling denial 'strong'
Ahead of the summit, Russian media did have rather modest expectations of how much Putin could concretely achieve. John Cornyn, had warned the president to be wary of Putin. "That changed, about four hours ago".

His net worth has soared by $52bn in 2018, which is more than the entire fortune of Mukesh Ambani, the newly crowned richest person in Asia. Amazon shares slipped below $1,800 in extended trading after Netflix Inc. posted disappointing results, rattling tech investors.

"It's hard to even put it in perspective", said Michael Cole, CEO of Cresset Family Office.

A Federal Reserve report found the top 1 per cent of USA families controlled 38.6 per cent of wealth in the U.S.in 2016, compared with 22.8 per cent held by the bottom 90 per cent.

Oxfam International found in 2017 that more than 80% of earnings went to the top 1% of the world population.

Behind Bezos on the Bloomberg index is Gates, with a US$95.3 billion fortune.

The Gates family have pledged to give away most of their vast wealth through the foundation, which aims to improve healthcare and reduce extreme poverty globally. He has donated nearly 700-million Microsoft shares and $2.9bn in cash and other assets since 1996.

Recommended

  • Liverpool to sign Roma goalkeeper Alisson for world-record fee

    Liverpool to sign Roma goalkeeper Alisson for world-record fee

    While that strengthening further up the field will undoubtedly help Liverpool , goalkeeper is an obvious area for improvement. A sketchy start to pre-season, during which he made one glaring mistake, might have been the final straw for Klopp.
    Elon Musk Apologizes for Calling Cave Rescuer a Pedophile

    Elon Musk Apologizes for Calling Cave Rescuer a Pedophile

    Mr Musk visited the scene when it was still unclear whether divers on their own would be able to bring out the boys. Musk's " pedo " tweet caused Tesla's shares to fall Monday, although they have since recovered the losses.
    Prosecutors call for alleged Russian agent to stay in custody

    Prosecutors call for alleged Russian agent to stay in custody

    He called the allegations "overblown" and said prosecutors had criminalized mundane networking opportunities. Butina is being held without bond in a D.C. jail, and is due in court Wednesday for a hearing before D.C.
  • Thai youth soccer players rescued from cave meet the media

    Thai youth soccer players rescued from cave meet the media

    The team were kitted out in T-shirts emblazoned with a red graphic of a wild boar, and kicked footballs gently on the TV set . A member of of the group asked "are we lost?", said Ake, who reassured the group that they were not lost and help would come.
    Putin and Trump's furious ROW over nuclear war attack video

    Putin and Trump's furious ROW over nuclear war attack video

    Putin is also chronically late for official events in Moscow, often because he lets preceding meetings run longer than expected. Ahead of the summit, 12 Russian military intelligence agents were indicted for hacking Democrats during the election.
    Uber Spotlight helps drivers find riders using a bright color

    Uber Spotlight helps drivers find riders using a bright color

    To help you communicate with your driver without taking their attention off of the road, we've made sending a message simple. The latest update to the Uber app brings some new features that'll make hailing an Uber a lot easier.
  • Fortnite makes $1 billion from in-game transactions

    Fortnite makes $1 billion from in-game transactions

    The game's iOS version has already been out since 2017, with an iOS signup event already listing numerous supported iOS platforms. However, recent Fortnite game file leaks have indicated that there remains more unannounced content arriving in the near future.

    Jeff Bezos' Blue Origin to Launch 'High-Altitude Escape Motor Test' Wednesday

    It's coming, but we've got our eye on the prize, and we've got to make sure we understand our system through and through. Once the booster separated, the capsule's escape motor fired, lifting the spacecraft to an altitude of 389,846 feet.
    All Past World of Warcraft Expansions Are Now Free

    All Past World of Warcraft Expansions Are Now Free

    Instead, all of the previously released Warcraft content is now available for the £9.99 monthly subscription fee. The game now simply costs $15 a month to play and you get access to all available content by default.
  • Singapore Airlines named world's best airline in Skytrax awards

    Singapore Airlines named world's best airline in Skytrax awards

    United Kingdom airlines did not make the cut and sadly didn't get into the Top 20 for best airlines in the world for 2018 . Singapore Airlines won a total of eight gongs, including Best Airline, Best First Class and Best First Class Seat.
    Prime Day Once Again Sets Records For Amazon

    Prime Day Once Again Sets Records For Amazon

    Amazon said it was also the "biggest event ever" for its Echo devices with screens, the Echo Show and Echo Spot. According to Verdi, the biggest German union in the services sector, 2,400 workers were taking part.
    Walmart inks 5-yr deal with Microsoft to strengthen digital innovation

    Walmart inks 5-yr deal with Microsoft to strengthen digital innovation

    For Walmart, the company will be able to use Microsoft's AI tech to compete with Amazon on the future of retail. Walmart and Microsoft have struck a new partnership and they're very clear about why: to take on Amazon .

Expert picks for The Open Championship For whatever reason, Woods said he has struggled to adjust to the slower speeds over the years. McIlroy hasn't won a major since the 2014 PGA Championship, his fourth in a four-year stretch.

Putin enemy Bill Browder compares Trump to man who once appeased Hitler Putin enemy Bill Browder compares Trump to man who once appeased Hitler President Donald Trump traveled to Helsinki for a high-stakes one-on-one meeting with Russian President Vladimir Putin on Monday. Trump "delivered us here with a display of cowardly self-interest", Cuomo said , but this ended up bringing people together.

Channing Frye returns to Cavaliers on minimum deal Channing Frye returns to Cavaliers on minimum deal Frye is returning to Cleveland, where he spent 2 1/2 years before being traded to the Los Angeles Lakers at the trade deadline. During the first season, he won a championship, the Associated Press reports .

Obama urges Africa to do more to stem brain drain Obama urges Africa to do more to stem brain drain Nelson Mandela Day is in full swing, the day commemorates the icon's birthday through celebrating his life and legacy. Add Barack Obama as an interest to stay up to date on the latest Barack Obama news, video, and analysis from ABC News.

Is THIS why Georgia kicks off on tonight's Love Island? Is THIS why Georgia kicks off on tonight's Love Island? Speaking up, Sam declared: "Me and Georgia have had to make a decision and we want to show everyone how strong we are". If they chose to stay together, they had to leave the villa immediately.

Jean Segura’s All-Star Game homer - and Nelson Cruz’s priceless reaction Jean Segura’s All-Star Game homer - and Nelson Cruz’s priceless reaction In the bottom of the third, the Cubs' Willson Contreras put the National League on the board with a homer off the first pitch. American league then broke away in the following inning with Seattle Mariners' Jean Segura blasting a 3-run homer.

Chris Froome 'optimistic' as Tour de France heads for the mountains Chris Froome 'optimistic' as Tour de France heads for the mountains Team Sky rider Geraint Thomas will wear the yellow jersey after winning stage 11 of the Tour de France to take the overall lead. The 67-mile stage starts in the 1992 Winter Olympic host Albertville and includes two beyond-category climbs.

Adidas pledges to ditch ‘virgin’ plastics by 2024 Adidas pledges to ditch ‘virgin’ plastics by 2024 Previously, the brand designer Stella McCartney announced the intention to completely abandon the new nylon by 2020. Adidas' spring and summer 2019 clothing line will contain about 41 percent recycled polyester, Culp said.

Mafi arrested after 'assault' on Rebels teammate Mafi arrested after 'assault' on Rebels teammate Mafi left court yesterday with Rebels team director Tony Thorpe - a former All Blacks manager - and the pair refused comment. The alleged incident followed the Rebels' 43-37 loss to the Highlanders at Forsyth Barr Stadium on Saturday night.

A repeat of 2002? Walmart may be looking to copy Netflix again A repeat of 2002? Walmart may be looking to copy Netflix again But launching its own streaming service would place Walmart in direct competition with Netflix and heat up its battle with Amazon. Amazon will also be the only place to stream a new movie called Zoe starring Ewan McGregor which will be released July 20.

Arsene Wenger Regrets Staying At Arsenal For 22 Years Arsene Wenger Regrets Staying At Arsenal For 22 Years The Frenchman was at the North London club since 1996 and won three Premier League titles and seven FA Cups. Arsenal legend Robert Pires believes Unai Emery is the club's most important signing of the summer.

Microsoft is preparing a line of smartphones with Android Microsoft is preparing a line of smartphones with Android Apart from apps, Microsoft has also launched many services for Android platform like Microsoft graph and Windows Timeline. While Timeline provides a great way to carry work across devices, it does have some limitations in its current iteration.

Links golf at Carnoustie suits Tiger Woods Links golf at Carnoustie suits Tiger Woods There is a reason Koepka and Johnson were the penultimate pairing and finished first and third, respectively, at last month's U.S. He said if he is two or three over par on Thursday, he must be disciplined enough to keep hitting irons off the tee.

Angelique Kerber stuns Serena Williams in straight sets to win Wimbledon title Angelique Kerber stuns Serena Williams in straight sets to win Wimbledon title I'm sure you will have your next Grand Slam title soon. "To be perfectly honest, I haven't thought about that this tournament". That was a reference to the pulmonary embolism Williams endured a day after she gave birth, which required multiple surgeries.

Portillo’s offering 2 hot dogs for $5 for National Hot Dog Week Portillo’s offering 2 hot dogs for $5 for National Hot Dog Week For a bit of nostalgia, shop Kohl's to get the Nostalgia Electrics Diner-Style Hot Dog Steamer for $10 off (at $39.99). What's in a name: Hot dogs got their nickname "frankfurters" after being invented in in Frankfurt, Germany in 1484.