Connect with us

Internet

Amazon CEO Jeff Bezos Loses World’s Richest Man Title to Bill Gates

Published

on

Amazon founder and CEO Jeff Bezos has lost the title as the world’s richest man, paving the way for tenacious Bill Gates to grab the top spot after Amazon’s lacklustre Q3 results resulted in Bezos losing nearly $7 billion in stock value. Bezos first joined The Forbes 400 list of richest Americans in 1998, one year after Amazon went public, with a net worth of $1.6 billion, the report added.

Amazon shares fell 7 percent in after-hours trading on Thursday, leaving Bezos down to $103.9 billion (roughly Rs. 7,36,000 crores).

Microsoft co-founder Bill Gates is currently worth $105.7 billion (roughly Rs. 7,49,000 crores), making him the world’s richest man.

Bezos ended Gates’ 24-year run as the world’s richest man in 2018 and became the first man on earth with a net worth of $160 billion.

Amazon reported a 26 percent drop in net income in its third quarter, its first profit decline since 2017, reports Forbes.

In after-hours trading, Amazon dropped nearly 9 percent to $1,624 per share.

Gates debuted on Forbes’ first ever billionaire list in 1987 with a net worth of $1.25 billion.

The Bezos couple finalised their divorce in April in what was reported as the biggest divorce settlement in history, entitling MacKenzie Bezos to Jeff Bezos’ stocks worth around $36 billion.



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Internet

OPPO X 2021 rollable phone details revealed at MWC Shanghai

Published

on

While the fate of the LG Rollable is still undecided, OPPO’s own take on the rather exotic phone form factor is, at least officially, not headed to the market. Ironically, it is also the one that seems to actually be ready for production. At MWC Shanghai, OPPO naturally didn’t miss the opportunity to boast about its rollable OPPO X1 2021 … Continue reading

Continue Reading

Internet

Thousands of stands with built-in USB ports recalled over shock risk

Published

on

The US Consumer Product Safety Commission has highlighted a recent recall involving side stands (accent tables) that feature built-in charging receptacles, including USB ports. The reason, according to the recall notice, is a wiring problem that may cause users to be shocked when they plug a device into the stand. Owners are warned to stop using the tables and to … Continue reading

Continue Reading

Internet

ELEGOO Mars Pro Review – A tiny 3D printing titan

Published

on

This printer is tiny, but mighty. The printer works with the sort of printing technique that’s both messier and far, far more accurate than the most basic sorts of 3D printers on the block. The Mars Pro is a MSLA 3D printer with UV photocuring resin, courtesy of a matrix UV LED array. The ELEGOO Mars Pro MSLA 3D printer … Continue reading

Continue Reading

Trending