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.”
Intensifying the race to develop the so-called ‘robotaxis,’ Fiat Chrysler (FCA) has decided to join a BMW-led alliance to develop self-driving or autonomous vehicles.
Electric car maker Tesla Motors is enjoying a rapid expansion in its used car business, prompting analysts to predict that the company is on the track to triple its used inventory sales.
Technology major Microsoft Corporation has rebuffed Consumer Reports findings on its popular Surface range of tablets and laptops.
Tesla Motors has received tremendous response for its electric vehicles despite their high price tag.
As automobile giants and customers are turning their attention from conventional cars to electric cars, the lack of charging stations continues to discourage many.
While Tesla is yet to officially unveil its next-generation electric semi truck, a report in Reuters added a new turn to the already swirling rumors by claiming that the next-generation truck will have self-driving capabilities.