Jeff Bezos becomes first billionaire since 1999 to have net worth over $100 billion

Amazon founder Jeff Bezos’s net worth has crossed the magical $100 billion mark. Amazon’s shares surged by more than two percent due to Black Friday sales. In the process, he became the first billionaire since 1999 to build a 12-figure net worth.

According to Bloomberg, this year itself, worth of Bezos rose by around $34 billion. Amazon (AMZN, Tech30) stock climbed 2.5 per cent on Friday to put Bezos over the top. The stock got a lift from reports that online shopping on Thanksgiving and Black Friday jumped 18 per cent compared with last year. On Friday alone, Bezos made almost $2.4 billion. He owns 78.9 million shares of Amazon, worth $93.6 billion.

In 2013, Bezos purchased The Washington Post newspaper. A number of other business investments are also managed through Bezos Expeditions.

When the financial markets opened on July 27, 2017, the 53-year-old briefly surpassed Bill Gates on the Forbes list of billionaires to become the world’s richest person, with an estimated net worth of just over $90 billion. He lost the title later in the day when Amazon’s stock dropped, returning him to second place with a net worth just below $90 billion. However, on October 27, 2017, Bezos again surpassed Gates on the Forbes list as the richest person in the world.

Gates is believed to be the only other person to reach $100 billion. That was in 1999, when the internet stock bubble briefly put him over the mark.

Comments

Race 3 movie review: Not a Salman Khan fan? Mind your own business

Race 3 Director - Remo D’Souza Cast - Salman Khan, Bobby Deol, Jacqueline Fernandez, Anil Kapoor, Saqib Saleem, Daisy Shah Rating - 1/5 During one of the many forced fist fights in Race 3, Salman Khan is getting the better of his opponents when he is hit by a rod. He smirks, turns towards the camera and punches the enemy in face as if he is punishing the man for not recognising the Bhai of Bollywood. The camera doesn’t cut to the rod, which, I am sure, is broken in half by now. Such is Salman’s unparalleled rage and such is the vision of director Remo D’Souza. Race 3 is everything film students are taught not to do, but then what do they know? From the first scene in which Anil Kapoor blows up a gang member with the help of a pen bomb to Salman coming to the rescue of his family in a base-jump suit, Race 3 unabashedly targets the fans. There isn’t any pretension of logical filmmaking or sound screenplay. It seems Race 3 categorically wants the non-Salman fans ...

Samsung will unveil the Galaxy S9 next month

Samsung will unveil its next flagship handset, the Galaxy S9, next month at Mobile World Congress (MWC). The company’s smartphone chief, DJ Koh, confirmed the launch to ZDNet at CES yesterday. Koh didn’t offer a specific date, but MWC will run from February 26th to March 1st this year, so expect the unveiling to fall somewhere in that time frame. The S9 (and, presumably, an S9 Plus) will be the successors to the S8 and S8 Plus, which launched at a Samsung event in New York last March before going on sale in April. The S8 and its bigger brother were a hit with critics, who praised the phones’ gorgeous design and brilliant cameras. The phones were even good enough to make consumers forget about the disaster of the Galaxy Note 7 and its exploding batteries. Not much is known about the Galaxy S9 at this point, though we’re not expecting any radical departures from the S8. A handful of leaked renders suggest it will look near-identical to its predecessor, with a sl...

Apple iPhone sales down 20 % yearly in November 2018, says Counterpoint

Apple iPhone sales were down 20 per cent on an yearly basis in the month of November, even as the iPhone XR was the best-selling model, showed Counterpoint data Apple iPhone sales were down 20 per cent on an yearly basis in November 2018, even as the iPhone XR was the best-selling model, according to numbers shared by Counterpoint research. The numbers come as Apple has slashed forecast for the first quarter of 2019 (October to December 2018), which is being seen as a rare miss for the technology giant. According to Counterpoint, sale of new iPhones, which includes the iPhone XR, XS and XS MAX were down over 20 per cent Y-o-Y compared to last year’s launches of the iPhone 8, iPhone 8 Plus and iPhone X in 2017. While iPhone XR was acknowledged as the best-selling iPhone model in November 2018, Counterpoint says that in comparison in November 2017, the more expensive iPhone X was the best-selling model with almost 50 per cent higher volume compared to the newer iPhone...

Look in

Search This Blog