Interesting

$1.5 Billion Gain In A Day. Amazon's Jeff Bezos Becomes World's Second-Richest

Darpan News Desk IANS, 30 Mar, 2017 01:26 PM

Jeff Bezos has leapt past Amancio Ortega and Warren Buffett to become the world's second-richest person.

Bezos, 53, added $1.5 billion to his fortune as Amazon.com Inc. rose $18.32 on Wednesday, the day after the e-commerce giant said it plans to buy Dubai-based online retailer Souq.com.

Bezos has a net worth of $75.6 billion on the Bloomberg Billionaires Index, $700 million more than Berkshire Hathaway Inc.'s Buffett and $1.3 billion above Ortega, the founder of Inditex S.A. and Europe's richest person.

Amazon's founder has added $10.2 billion this year to his wealth and $7 billion since the global equities rally began following the election of Donald Trump as U.S. president on Nov. 8. The rise is the third biggest on the Bloomberg index in 2017, after Chinese parcel-delivery billionaire Wang Wei's $18.4 billion gain and an $11.4 billion rise for Facebook Inc. founder Mark Zuckerberg.

Buffett, who's added $1.7 billion in 2017, has shed $4.7 billion since his fortune peaked at $79.6 billion on March 1. Ortega is up $2.1 billion year-to-date. Bezos remains $10.4 billion behind Microsoft co-founder Bill Gates, the world's richest person with $86 billion.

Prev Next

MORE Interesting ARTICLES

Radio Stations Hungry For New Christmas Songs But Find Few Enduring Hits

TORONTO — The sounds of the holiday season are pretty much the same from year to year: "Feliz Navidad," "Baby, It's Cold Outside" and "White Christmas" on constant rotation in supermarkets, department stores and coffee shops.

Radio Stations Hungry For New Christmas Songs But Find Few Enduring Hits

Marketing The Holidays A Tricky Balancing Act For Businesses In Canada

TORONTO — When something as simple as a red Starbucks cup stirred a controversy stateside over how businesses mark the approach of Christmas, Canadian retailers took notice.

Marketing The Holidays A Tricky Balancing Act For Businesses In Canada

International Fashion Brand Esprit Set To Re-enter Canadian Market Next Year

The international fashion brand is teaming up with Montreal-based distributor Freemark Apparel Brands (FAB Inc.) to open stand-alone stores in Canada next spring.

International Fashion Brand Esprit Set To Re-enter Canadian Market Next Year

Microsoft CEO Satya Nadella To Visit T-Hub, Address Budding Entrepreneurs

Jayesh Ranjan, secretary for information technology in the Telangana government, told IANS on Wednesday that Nadella will be taken around the facility located at the International Institute of Information Technology (IIIT), Hyderabad.

Microsoft CEO Satya Nadella To Visit T-Hub, Address Budding Entrepreneurs

Self-Cleaning Litter Box And Other High-Tech Products Fuel Profits At Online Pet Supply Store

Heather and Bobby Hill found their pot of gold in cat poop. Sales of a litter box that automatically cleans itself have been creeping up for years but in the last two, they grew nearly 400 per cent and turned December

Self-Cleaning Litter Box And Other High-Tech Products Fuel Profits At Online Pet Supply Store

When A Car Driving Itself Suddenly Needs A Person To Take Over - Will The Person Be Ready?

LOS ANGELES — New cars that can steer and brake themselves risk lulling people in the driver's seat into a false sense of security — and even to sleep. One way to keep people alert may be providing distractions that are now illegal.