Tag "jeff bezos"

Jeff Bezos overtakes Bill Gates to become the world’s richest man

By : CIOL Writers

Jeff Bezos became the richest man in the world after Amazon’s shares surged which increased his wealth to more than $90 billion, according to the calculations by CNBC. This puts him ahead of Bill Gates to become the richest man

When Jeff Bezos was the world’s richest man for a few hours

By : CIOL Writers

Amazon founder and CEO Jeff Bezos had a short stint as the world’s richest man on Thursday when a 1 percent jump early in the day in the shares of Amazon.com helped him surpass the wealth of Bill Gates. Unfortunately, the company’s shares

Amazon invests Rs 341cr in India’s wholesale business unit

By : CIOL Writers

Amazon has infused Rs 341 crores in its Indian subsidiary, Amazon Wholesale India, the wholesale B2B arm of Amazon India. The investment comes from Singapore-based Amazon Corporate Holdings Pvt. Ltd, according to the documents filed with the Registrar of Companies. The transaction was

Mark Zuckerberg sold over $1bn worth of Facebook stock in 2016 to fund Chan Zuckerberg Initiative

By : CIOL Writers

Following in the footsteps of Amazon’s Jeff Bezos, Facebook CEO Mark Zuckerberg also sold more than $1 billion worth of Facebook stock last year to support his philanthropic project, the Chan Zuckerberg Initiative. According to the Securities and Exchange Commission

Jeff Bezos’ new venture Blue Origin is costing him $1bn Amazon stock a year

By : CIOL Writers

Jeff Bezos, the billionaire founder of Amazon, is selling about $1 billion in Amazon stocks per year to finance his venture Blue Origin, a rocket company which aims to launch paying passengers on 11-minute space rides starting next year. At the

Bill Gates to lead new cleantech $1bn fund, Breakthrough Energy Ventures

By : CIOL Writers

Bill Gates, Jeff Bezos, Vinod Khosla, Jack Ma, Hasso Plattner, John Doerr and 14 other high-profile investors have formed a new venture fund, Breakthrough Energy Ventures, where they plan on investing over a billion dollars “to provide everyone in the

Profits reign in for third straight quarter for Amazon

By : CIOL Writers

Amazon has come a long way from its ill-reputed tag of being a money-loser and has delivered a stellar performance for the third straight quarter. Amazon reported excellent quarter earnings with $30.4 billion revenues and $1.78 EPS, against analysts’expectations of

Amazon takes over Flipkart?

By : CIOL Writers

In a mighty bid against the outreaching sovereignty for the Internet shopper’s paradise, an Arabic prince’s wealth has completely begotten the reach of Flipkart from the outside scenario by bidding all of his Lamborghini’s for the stock equivalent of Amazon.