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

Instagram now tells everyone when you’re active, here’s how to hide it

Another day, another feature nobody asked for. Facebook subsidiary Instagram has now enabled activity status in direct messages: this means that practically all of your friends will now be able to see w hen the last time you were actively using the app was. The feature rolled out as part of the latest updates for Android and iOS – so at least you know everyone is getting the same deal. In case you were wondering how this looks, Instagram now displays a line indicating the last time a user was active on its platform directly underneath their username. The activity status is currently only visible in direct messages. While some might find this change slightly annoying at first, it is not all that surprizing to see it in the main app. Indeed, Facebook integrated the same feature in its Messenger app ages ago. The good thing about the new addition is that Instagram has given users the option to opt-out from having their activity status visible to everyone. Here’s how...

Asus Zenfone Live L1 Android Go smartphone with 18:9 display launched

Asus ZenFone Live L1 comes with Snapdragon 425 SoC and Android Oreo (Go edition) OS. The Asus Zenfone Live L1 was announced in May this year. It s an entry-level smartphone, which is also the company s first to feature an Android Go operating system While the smartphone was launched in Indonesia in May, the company is also making it available in Philippines now, citing at a possible expansion to other markets. This means that there is a good chance that Asus Zenfone Live L1 could come to India as well. The Asus Zenfone Live L1 has been priced at PHP 5,995 (Rs 7,600) in the Philippines. It s higher than the Indonesian pricing, which was DR 1,399,000 (Rs 6,750). With possibilities of an Indian launch, we can expect the phone to be priced under Rs 8,000. The phone comes with basic specifications and is available in Space Blue, Rose Pink, Shimmer Gold, and Midnight Black. Also Read No Make in India: Reliance plans to import JioPhone 2 devices a...

Google Brings Responsive Search Ads With Machine Learning Integration

VcTech Last month, Google announced sweeping changes to the company’s portfolio of advertisement products by streamlining its offerings such as AdWords, and making it easier for businesses and advertisers to choose the most suitable option for their campaigns. At the Google Marketing Live event today, Google has unveiled new ad marketing tools that come with machine learning smarts, and has announced the integration of ML tools in existing products. Among the key announcements made by Google at the event were improved optimization for responsive search ads, ways to boost impressions and footfalls, and tools to deliver impactful ads on YouTube to name just a few. Responsive Search Ads Responsive search ads combine the relevant ad data and creative input provided by advertisers with machine learning algorithms to maximize the impact of ads. For example, advertisers need to provide headlines and description lines, and the Adwords tool backed by machin...

Vc Tech

Search This Blog