NewsExpress advert FCMB banner Fidelity bank banner NewsExpress advert
Amazon CEO Jeff Bezos becomes richest man in history

By Barry Eitel, San Francisco on 10/01/2018

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 953

•Amazon founder Jeff Bezos
•Amazon founder Jeff Bezos

The personal wealth of Amazon founder Jeff Bezos soared to $105.1 billion Tuesday, making him the richest person ever in history.

Bezos’ income swelled due to Amazon’s success on Wall Street. Bloomberg’s billionaire tracker pegged his wealth at $105.1 billion while Forbes, the other consistent follower of the net worth of the world’s billionaires, put his fortune at $104.4 billion. Bezos is now richer than Microsoft founder Bill Gates, the previous record-holder, ever was at his peak wealth in 1999.

Amazon stock increased 56 percent over 2017 and has already risen another 7 percent in the first days of 2018. Shares increased 0.47 percent Tuesday to close at $1,252.70. Only four other publically traded companies have stock trading above $1,000 per share.

Analysts have been bumping up projections for Amazon’s stock this week, with investment firm Piper Jaffray telling its clients Tuesday that it has increased its price target for the stock from $1,200 to $1,400 based off continued strong sales on the iconic online store.

“Amazon, despite its size and continued strong growth, is arguably still in the early innings of its share gain potential, even in the company's most penetrated market,” analyst Michael Olson wrote in a note.

“Most domestic internet users have a significant opportunity to increase their Amazon holiday wallet share allocation.”

Olson added that he expects Amazon sales to increase 28 percent in 2018 compared to last year. Amazon is expected to reveal its sales for 2017 during a quarterly earnings call on Feb. 1. In 2016, the company made about $136 billion in sales revenue.

Worth now $93.3 billion according to Bloomberg, Gates is still the second richest man in the world. If it were not for his significant charitable giving, Gates would be worth much more than Bezos today. Since 1996, Gates has given away 700 million Microsoft shares and $2.9 billion in cash. Without doing so, he would likely be worth more than $150 billion. (Anadolu Agency) 

Source News Express

Posted 10/01/2018 12:54:19 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Ghanaian subsidiaries of Tigo, Bharti Airtel cleared for...

Anglican Primate leads 160 Bishops to Anambra to...

3 businessmen appear in court for alleged stealing...

Workers responsible for Nigeria’s leadership woes: PDP Chairman...

Lassa Fever: 3 dead, 200 under observation in...

Arrest, detention of Radio Biafra Director a case...

Oliseh demands Super Eagles resurgence tonight against Cameroon...

2015 Presidency: Why Jonathan must run —Akpabio

Okowa reassures investors of enabling environment

Osun CP urges Miss Tourism, Queen of Osun...

Umahi’s acceptance to contest in 2019 the best...

Afrexim Bank to loan Dangote $1bn

 

Latest News Fighting corruption corruptly, By Achilleus-Chud Uchegbu Understanding the process of buying property in Lagos, By Olusola Oduleye Biafra: Army, Police, DSS swoop on MASSOB members PDP Campaign Funds: Court remands Shagari, 4 others in custody over alleged N500m fraud Flood imminent in 5 Kaduna councils – Environmental Agency Catholics protest killing of priests, worshipers FG saves N120bn by checking ghost workers IGP-Senate Faceoff: Buhari meets Senate delegation in Aso Rock Gunmen kidnap wife, children of Zamfara commissioner Activists launch campaign to break up Facebook Ugwuanyi nominates new commissioner Ondo Deputy Speaker, Ogundeji impeached

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (345,300 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (341,992 views) Shameless Genevieve Nnaji exposes breasts in public (273,407 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (224,762 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (205,203 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (202,779 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (176,948 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (159,248 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (150,197 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (143,435 views) Lagos plane crash: Journalist releases victims’ names (140,020 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (132,400 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (41) Business & Economy (3,146) Business Verdict (43) Columnists (853) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (497) Features (598) Global Business Monitor (274) International (1,968) Interview (149) Live Commentary (28) Love Matters (120) News (35,504) Opinion (959) Pidgin (10) Politics (5,044) Religion (743) Sports (1,516) Stock Watch (29) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Boko Haram commanders surrender

 

APO Group Partner

 

 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement