Saturday, December 9

Tag: amazon inc

Tech Lords Lost A Fortune In Today’s Wipeout
BUSINESS

Tech Lords Lost A Fortune In Today’s Wipeout

[dropcap]T[/dropcap]he billionaire founders of the top tech giants- Facebook Inc, Amazon Inc, Netflix and Google's owner Alphabet Inc lost a fortune of $7.6 billion net on Wednesday as the Nasdaq 100 suffered the worst drop in the past three months. Among these the company that suffered the most was Facebook, whose founder Mark fell $2.6 billion alone as per the source Bloomberg. This drop also affected Amazon founder Jeff Bezos that caused him to slip below the $100 billion figure which he recently acquired, breaking Bill Gates record of 1999. The shares of Amazon.com Inc tumbled $2.5 billion off his net worth. The American entertainment company Netflix founder Reed Hastings fell $133 million while multinational conglomerate Alphabet Inc founder Larry Page and Sergey Brin around ...
Jeff Bezos Net Worth Surpasses $100B, After Bill Gates
News

Jeff Bezos Net Worth Surpasses $100B, After Bill Gates

Jeff Bezos worth surpassed $100 billion! As per the Bloomberg's reports, Amazon Inc founder's net worth has exceeded $100 billion for the first time. As the online retailer's shares jumped more than 2 percent due to sale on Black Friday Amazon, it added $2.4 billion worth to Jeff making it to a total of $100,3 billion. Jeff already surpassed Bill Gates in October as the world's richest man, and became the 53rd person to hit a 12-figure worth after Gates in 1999. As per the Bloomberg Billionaires Index Bezos's net fortune rose $32.6 billion this year through Thursday, the largest increase of anyone on the index. Unlike Gates or Warren Buffet, Bezos has given relatively little of his fortune to charity. Bezos is though planning to focus on philanthropy and asked for ideas on Twi...