27 July 2017

A lot of money

Jennifer Calfas has a Time article about a very rich man:

It's official: Amazon founder Jeff Bezos is the richest person in the world.
With a net worth of more than ninety billion dollars, Bezos surpassed fellow Seattle, Washington resident and Microsoft founder Bill Gates when shares for Amazon surged on Thursday morning, according to the Bloomberg Billionaires Index. He now has about a half billion more than Gates.
Bezos, the CEO of the e-commerce giant that has grown dramatically from its original purpose of selling books online, owns seventeen percent of his company. Shares for Amazon rose almost two percent on Thursday to $1,071.31, increasing Bezos' net worth by more than a billion dollars.
Shares jumped ahead of Amazon's quarterly earnings report, which is expected to show more growth from the online retailer.
Earlier this year, Bezos was among the top ranks of the world's richest men, with a net worth of about ninety billion dollars. Since then, Amazon has made key investments, including purchasing Whole Foods and expanding its role at the forefront of e-commerce with a record-breaking Amazon Prime Day earlier this month, where sales grew sixty percent from the same sale last year.
According to Forbes, Bezos first became one of the four hundred richest Americans in 1998, a year after Amazon.com went public, with a net worth of almost two billion dollars. Bezos is now the third American, including Gates and Berkshire Hathaway CEO Warren Buffett, to hold the coveted title of richest man in the world.
One major difference between the billionaires is that both Gates and Buffett have committed to donating at least half of their wealth to charity, and have encouraged others among their ranks to do so as well. Bezos has not yet made the pledge, but just ahead of Amazon's purchase of Whole Foods in June of 2017, Bezos asked his followers on Twitter for ideas of how he could donate his wealth.
Rico says he'd be happy with a few percent of any of that...


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