Tag Archives: Bezos

While the majority of Jeff Bezos’ $150 billion wealth comes from his stake in Amazon.com Inc., his venture capital company, Bezos Expeditions, is also a contributing factor. In fact, since his retirement as the CEO of the world’s largest e-commerce company, Bezos has been focusing on acquiring startups across different industries, as his hunt for the next big bet continues. From space to real estate, Bezos is seemingly dipping his toes in all types of water. Investments Over the… Source link

Pablo Martinez Monsivais/AP; SEBASTIEN BOZON/AFP via Getty Images Bezos’ yacht was moved from a Dutch shipyard before dawn Tuesday, likely to avoid local attention. After public outcry from locals, it did not involve the dismantling of a historic bridge. Watch Bezos’ yacht make its journey. Jeff Bezos’ megayacht has quietly left the Dutch shipyard where it was built, sans a bridge dismantling and crowds of spectators. The 417-foot vessel, known as Y721 and estimated to cost $500 million, has been… Source link

After hovering near the $5 mark for a while, the average price of gas could fall to $4 per gallon by mid-August, analysts predict. Gas prices have been retreating from their highs last month for a couple of weeks now. AAA reports the average price per gallon currently stands at $4.75 nationwide, a 16-cent drop from a month ago. Wednesday’s drop of 2.8 cents per gallon was the second largest single-day drop in the last decade. The decline comes on the heels of a Twitter feud between Jeff… Source link

Sergey Brin, the Google co-founder and world’s sixth-richest person, filed for a divorce from his wife of three years, making him the third mega-billionaire to do so in as many years. Brin filed a petition for dissolution of his marriage to Nicole Shanahan this month, citing “irreconcilable differences,” according to court documents. The couple, who have a… Source link

Elon Musk has finally come out, politically. He used to vote for Democrats, but henceforth can only vote for Republicans. The Tesla CEO and President Biden ought to be natural allies. Biden has an ambitious green-energy agenda, including the mass electrification of automobiles. Musk leads the world’s most prominent electric vehicle company. They’re rowing in the same direction and ought to be in the same boat. Instead, they’re splashing each other like 12-year-olds. Biden has miffed Musk… Source link

Billionaires like Jeff Bezos and Bill Gates are making big bets on farmland — here are 2 effortless ways you can access it, too Fear is taking over. The S&P 500 is down about 16% of its value in 2022, while the tech-heavy Nasdaq has lost 26% over the same period. Investors are worried about rising interest rates, supply chain issues, and an economic slowdown. Billionaires are nervous, too. But they do have access to an asset class that has a proven track record of wealth protection:… Source link

It’s official. Elon Musk is buying Twitter (TWTR) for $44 billion and will take the firm private at the close of the deal pending regulatory approval. And the move is raising a number of questions about Twitter’s future, including whether Musk will change its content moderation practices and reinstate banned users like former President Donald Trump (though Trump says he won’t return to Twitter). Fellow billionaire and Amazon founder Jeff Bezos has questions of his own — specifically,… Source link

Amazon founder Jeff Bezos has an interest in bridge infrastructure. The billionaire, currently the world’s second-richest man, will pay the Dutch city of Rotterdam to dismantle and then rebuild part of a historic 95-year-old bridge to allow his new superyacht, the world’s tallest, to pass through it and out to sea. It’s a move that lies in stark contrast with bridge infrastructure in Bezos’s home country: the United States. A new study by the American Road & Transportation Builders… Source link

Jeff Bezos, Amazon’s founder. Alex Wong/Getty Images An Amazon worker on leave emailed Jeff Bezos to say she’d been underpaid, The New York Times said. A subsequent investigation found that Amazon was systematically underpaying some workers on leave. A spokesperson told The Times that Amazon was still identifying underpaid workers. An email sent to Jeff Bezos from an Amazon worker who was on leave triggered an internal investigation that exposed flaws with the company’s payroll system, The New… Source link

Soon after Amazon (AMZN) chairman and founder Jeff Bezos returned to Earth from space on Tuesday, the billionaire received sharp criticism from progressive Senator Elizabeth Warren (D-MA) contrasting the low tax bills paid by him and Amazon with those borne by everyday Americans who “keep this country running.” The criticism came in response to remarks made by Bezos thanking Amazon customers and employees whose purchases and work “paid for” the space expedition, which was carried out by… Source link