Sources Contact Advanced Search Tutorials

An Interest In:

Web News this Week

Search Archive

Some of Our Sources

View All Sources

Help Webnuz

Referal links:

October 28, 2017 04:00 pm

Bill Gates Is No Longer The World's Richest Person After Amazon Stock Surge

"Jeff Bezos has leapfrogged Bill Gates again for the title of world's richest billionaire..." announced CNN Money. An anonymous reader quotes their report.Amazon stock jumped 13.5% on Friday after the company turned in another incredible earnings report -- more than a quarter-billion dollars in profit in three months. Bezos owned nearly 80 million shares in Amazon as of August, according to the most recent available data from FactSet. He made more than $10 billion from the one-day stock surge and is now worth well over $90 billion. At the end of trading on Thursday, Gates occupied the top spot in the Bloomberg Billionaires Index, with a net worth of $88 billion. Bezos had $83.5 billion, and his big day on Friday was more than enough to close the gap. In July sales for Amazon's self-created holiday "Prime Day" were actually higher than they were on Black Friday. Amazon's sales for the quarter were $11 billion higher than they were a year ago -- increasing 29% even before an additional $1.3 billion from Whole Foods sales, for total sales over three months of $43.7 billion. Amazon now also projects that their yearly revenue from AWS will be $2 billion higher.

Slashdot

Slashdot was originally created in September of 1997 by Rob "CmdrTaco" Malda. Today it is owned by Geeknet, Inc..

More About this Source Visit Slashdot