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.
-
Business5 days agoAbuja gears up for Jetour T2’s rugged-luxury experience
-
Business6 days agoNigeria Business Outlook: Dangote IPO, markets, inflation and naira in focus this week
-
Business6 days agoDangote IPO rush crashes Bamboo login as investors flood platform
-
Business4 days agoDangote: Petrol price gap fuels smuggling as Nigeria faces fresh pump price surge
-
Latest7 days agoHamzat meets Pastor Chris Oyakhilome, hails Christ Embassy’s community impact
-
Business4 days agoTinubu’s economic reforms face public confidence test as cost-of-living crisis persists
-
Business6 days agoAugust inflation faces upward pressure despite disinflation trend – Analysts
-
Business6 days agoHigh fuel, low wages: The economic toll of Nigeria’s post-subsidy era