Amazon CEO Bezos briefly the world's richest person
28 Juillet, 2017, 06:24 | Author: Marc Bacque
Amazon CEO Jeff Bezos briefly became the world's richest man on Thursday in Forbes magazine's tracking of wealth, as stock in his e-commerce company hit an all-time high.
Bezos, who is also Chairman and Chief Executive of the Seattle-based company, was worth nearly $91 billion after Amazon's share price rose more than 1 per cent in morning trading in NY, the Independent reported.
Amazon CEO Jeff Bezos has become the richest person in the world, boasting a fortune of more than $90bn. That allowed him to steal the title from Microsoft Corp. founder Bill Gates by $500 million.
The Amazon boss' brief stint as the world's richest was the first time since May 2013 that Gates, 61, was not number one.
The company also recently announced plans to acquire United States grocer Whole Foods, which could help Amazon expand in that sector.
Amazon's move to buy Whole Foods has raised the spectre of antitrust issues.
Baird Equity Research analyst Colin Sebastian said in a note Amazon's profit margin was "a bit mixed" but added, "accelerating growth in core retail and relatively steady growth in AWS underpin our positive long-term view".
Bezos owned slightly more than 80 million shares, or around 17 percent, of Amazon as of February 17, according to a Securities and Exchange Commission filing. They hit US$1083.31 at about noon on Thursday before falling almost 1 per cent for the day to US$1046.
He is also an investor in rocket company Blue Origin and owns The Washington Post newspaper.
The changes in Bezos' fortune coincided with Amazon's report of a 77 percent slide in quarterly profit because of heavy spending.
But Amazon has always been known for investing back into its businesses. For the second quarter, Amazon reported operating expenses of US$37b, a 28 per cent increase from a year earlier. On Wednesday, Amazon said it plans to hire thousands of warehouse workers on the spot at job fairs across the country.
After further questioning, the men admitted they were Mexican nationals in the country illegally, said the Border Patrol. The temperature of the trailer was registered at 109 degrees at the time of the discovery.
John McCain, R-Arizona, who had undergone eye surgery that revealed brain cancer, to create the tie in the first place. If the AHCA were coming to the Senate floor for a vote on final passage, its failure would be a near certainty.
Volkswagen is also being forced to pay $2.8 billion in criminal fines and $1.5 billion in civil penalties related to the fraud. Regulators have said that in normal driving they emitted up to 40 times more smog-causing nitrogen oxide than the legal limit.
Shares of Amazon have increased about 40 percent in the a year ago and have traded at more than $1,000 per share during that time. Talk about Amazon prime: Jeff Bezos is now richer than Bill Gates , which makes him the world's wealthiest person.
After $0.22 actual EPS reported by Oclaro, Inc. for the previous quarter, Wall Street now forecasts -27.27% negative EPS growth. Media coverage about Vodafone Group PLC (NASDAQ:VOD) has trended somewhat positive this week, Accern Sentiment reports.
The situation is further complicated by the fact James can opt out of his contract after next season to become a free agent. And so me, I just try to give him the blueprint, as much as I can. "That hunger is as strong as I've ever seen".
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