Business
The difference that gives Bezos edge over Gates as No. 1 on Forbes rich list
Jeff Bezos, the world’s most successful online book sellers has outstripped Microsoft Bill Gates after the software wiz kept his position as the world’s richest dude for 18 years.
According to Forbes.com, a percent rise in the share price of Amazon.com Bezos owns and runs pushed ahead of Gates
Bezos’ fortune now stands at $90.6 billion while Gates holds his at $90.
Amazon’s share has risen 40 percent since 2016, and the stock trades at over $1000.
His nearly 81 million shares of Amazon, 17 percent of the company, is not solely responsible for the bounce in his wealth.
Forbes says his other investments—like The Washington Post and the rocket company Blue Origin he owns—and cash from the sale of securities added up to the figure.
The rocket company has been guzzling $1 billion yearly from Bezos’ sales of Amazon shares.
-
Latest6 days agoLagos NURTW organising secretary Toba Ajiboye dies after gunmen attack
-
Aviation1 week agoNCAA, NAMA disagree over proposed revenue sharing formula
-
Business1 week agoNCC unveils cost-sharing framework to boost broadband rollout, end repeated road excavations
-
Business4 days agoCBN targets $12bn annual Diaspora inflows to boost FX liquidity
-
Maritime1 week agoLicensed port agents back FG’s Green Tax on imported vehicles
-
Business4 days agoSEC launches nationwide campaign to help investors recover unclaimed dividends
-
Politics1 week agoAjeromi: NDC vows even distribution of prosperity amongst Nigerians
-
Latest1 week agoAPC unveils Lagos Assembly candidates, leaves out 12 incumbent lawmakers