Amazon CEO Jeff Bezos is now the world's richest man, not just at present, but of all time.
Both Bloomberg and Forbes have put Bezos on top of their billionaire lists. Bloomberg said Bezos' net worth reached $106 billion while Forbes put it at $105 billion as of Wednesday, Xinhua news agency reported.
The previous record was held by Microsoft founder Bill Gates with $100 billion in 1999.
The majority of Bezos' net worth comes from the 78.9 million shares of Amazon stock he owns. Shares of Amazon (AMZN) climbed nearly 57 per cent in 2017.
The Seattle-based corporation managed to make up 89 per cent of online spending among major retailers in the five-week period beginning on Thanksgiving, according to an analysis of transaction data by Earnest Research in New York.
Bill Gates now still sits on the No. 2 post on both of the fortune lists with roughly $92 billion. Some argue that if not for his significant charitable contributions, Gates would still be worth far more than Bezos.
According to Bloomberg, Gates has given away almost 700 million Microsoft shares, worth $61.8 billion at today's value, as well as 2.9 billion of cash since 1996.
Sensex crosses 74K mark in 1000 points rally
Among the Sensex stocks, Bajaj Fnserv is up more than 4 per cent, Bajaj Finance is up more than 3 per cent. M&M is up 3.3 per cent, SBI is up 2.8 per cent, Powergrid is up 2.5 per cent, L&T is up 2.3 per cent.
Adani Green's solar power plant to produce 540 mn units annually operationalised in Rajasthan
Adani Green Energy Limited (AGEL) on Wednesday said it has commissioned a 180 MW solar power plant at Devikot in Jaisalmer, Rajasthan.
India’s forex reserves surge for 3rd week in row to touch $642.5 billion mark
India's foreign exchange reserves surged by $6.4 billion to touch a robust $642.5 billion for the week ended March 15, the latest data released by the RBI on Friday showed.
India is the next big playground for AI: Samsung VC, CEO JH Han
Samsung Electronics Vice Chairman, CEO and Head of the Device eXperience (DX) Division Jaong-Hee (JH) Han, who visited Samsung BKC at Jio World Plaza, Mumbai for the first time since the store's opening, said on Friday that India is the next big playground for artificial intelligence (AI).
'The Adani Green Energy Gallery' at UK's Science Museum to showcase sustainable future: Gautam Adani
Adani Group Founder and Chairman, Gautam Adani, on Friday said that he is glad to see the new 'Energy Revolution: The Adani Green Energy Gallery' becoming a reality in partnership with the The Science Museum in the UK.
Sensex up more than 700 points
The uncertainty regarding the Fed decision is over with the Fed keeping the rates unchanged and refraining from a hawkish message, says V. K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
30 Indian startups secure $287 million funding this week
Lithium-ion battery pack maker Lohum secured $54 million (Rs 450 crore) in series B funding from Singularity Growth, Baring Private Equity, Cactus Venture Partners and Venture East, among others.
India’s forex reserves scale two-year high of $636.1 billion
India's foreign exchange reserves surged by a whopping $10.47 billion to scale a two-year high of $636.1 billion for the week ended March 8, the latest data released by the RBI on Friday showed.