Jeff Bezos becomes World’s Second Richest Person
Amazon founder Jeff Bezos has become the world’s second richest person as his online retailing venture has gained tremendously in stock market valuation in the recent months. Amazon has been reporting strong growth quarter after quarter and investors have been rewarding the company with higher valuations. Amazon CEO has gained $10.2 billion to his net worth this year as Amazon stock rallied on the stock exchange.
Bezos has crossed Amancio Ortega and sage investor Warren Buffett to become the second richest person in the world. Warren Buffett has witnessed a decline of $4.7 billion in his net worth after recent decline in valuation of his stock portfolio.
Amazon recently announced buying controlling stake in Dubai-based online retailer Souq.com. The deal would increase Amazon’s presence in Middle East.
Inditex S.A. founder Amancio Ortega still ranks as the richest person in Europe. The company owns several brands including Zara and Massimo Dutti.
Facebook founder Mark Zuckerberg has seen $11.4 billion increase in his net worth during the stock market rally after President Donald Trump took over the office.
As per Bloomberg data, “Bezos remains $10.4 billion behind Microsoft co-founder Bill Gates, the world’s richest person with $86 billion.”
French President Emmanuel Macron invited the U.S. President Donald Trump for Bastille Day celebrations. The White House has confirmed that President Trump will be travel to France next for the event.
Global markets registered strong start for the week with oil prices recovering and Italian banks supporting European indices. Italian authorities said that they are ready to spend 17 billion Euros to deal with closure of two big banks in Italy.
An AirAsia flight returned to Perth 90 minutes after takeoff due to single engine failure. The flight for Kuala Lumpur returned due to technical issue and landed safely in Perth at 10 am.
Microsoft has confirmed that some part of Windows 10 source code has leaked online. Some of the leaked source code was posted to Beta Archive this week. Beta Archive website keeps track of Microsoft Windows releases.
Google will stop scanning content of emails in future for serving advertisements to users based on content of their emails. Google has been criticized for this controversial advertising technique by privacy advocates.
Austrian government’s plan to offer Euro 1,000 to migrants to return home has found limited number of takers. As per Interior Ministry data, 427 migrants have accepted the offer.