Jeff Bezos (Amazon) is the new richest man in the world
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https://www.theverge.com/2017/7/27/16049868/richest-person-in-the-world-jeff-bezos
Amazon founder Jeff Bezos has now surpassed Bill Gates as the world’s richest person. Bloomberg reports that a surge in Amazon’s stock has helped propel Bezos to the top of rich list, ahead of the company’s earnings reports later today. Microsoft co-founder Bill Gates has held the top spot since 2013, and if Amazon’s stock price holds after the close of the bell then Bezos will remain top.
At the close of markets on Wednesday, Bill Gates held a fortune of $90 billion, and Bezos was a close second with $89 billion. The rise in Amazon stocks this morning has pushed Bezos above the $90 billion mark, thanks to an increase of around $15 per share and Microsoft’s stock slipping slightly. Bezos is now the sixth man to hold the richest person title over the past 30 years, after originally entering the billionaire list around 20 years ago.
Bezos’ rise demonstrates just how formidable Amazon has grown to become. Founded in 1994, Amazon has reshaped the world of retail in the US and in many other countries after originally launching as an internet book store. While retail stores are still struggling to respond, Amazon is also pushing ahead with its popular Amazon Web Services and its Alexa digital assistant. Investors are expecting revenue to jump by up to 22 percent year-over-year when the company reveals its earnings later today, showing there’s continued confidence in Amazon’s popular businesses.
1. Start a company
2. Don't make any profit or significant revenue for 20 years
3. ??
4. Become richest man in world
2. Don't make any profit or significant revenue for 20 years
3. ??
4. Become richest man in world
Amazon's customer service is so good. Retail companies are trying to figure out how to compete, but they can't even get the basics right.
Going to be interesting to see what they do with Whole Foods and how that evolves into other areas of their business.
Going to be interesting to see what they do with Whole Foods and how that evolves into other areas of their business.
By GQman2121 Go To PostAmazon's customer service is so good. Retail companies are trying to figure out how to compete, but they can't even get the basics right.Its a tough one though, Amazon is so big that they can afford to eat the cost of replacements and refunds without worrying about customers taking the piss with it.
Going to be interesting to see what they do with Whole Foods and how that evolves into other areas of their business.
By reilo Go To Post1. Start a company
2. Use and accounting trick so they don't make any profit or significant revenue for 20 years
2.1 Stick all profits back into corporate investment
3. Grow super fucking huge
4. Become richest man in world
FTFY
By Elchele Go To PostAmazon is love. I'm ok with this
it's never in consumers' interest for a single corporation to have this much power, and i use amazon often.
By Trey Go To Postit's never in consumers' interest for a single corporation to have this much power, and i use amazon often.Sometimes competition ends up being absolutely shit for the consumer
#BT
