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: 900

•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...
Buhari spits fire, says those who distorted 2016...

Acceptance of ex-Deputy Governor, other PDP decampees generates...

Explosion rocks Lagos community

Company Chairman, MD jailed for oil subsidy fraud...

Electoral fraud: Resign or face impeachment, Kogi APC...

Most wanted Lagos cultist falls into police net...

MTN postpones listing on Nigerian Stock Exchange

Police allays fears over new Ombatse militia

NiMET predicts cloudy weather today, and thunderstorms

Venezuela opposition wins majority in legislature

BREAKING NEWS: Police break into Jonathan’s home

Mass housing: Lagos to allocate ready estates to...

 

Latest News Power restored to Lagos community after 9 months outage Vice President Osinbajo commissions The Dome May 11 University of Maiduguri produces 78 First Class graduates Ebonyi to empower 235 spouses of security personnel Unclaimed PVCs: Bayelsa to sensitise communities Dogara to Premium Times: Retract your libelous story or we meet in court Coalition begins grassroots mobilisation for Ugwuanyi’s second term IMSO Boss Chuma emerges Ekene Enefe Campaign Organisation DG Media and Publicity Looters’ List: Court restrains Lai Mohammed Nigerians abroad send $22 billion home Why we arrested Dino Melaye: Immigration Service Governance in Nigeria has collapsed — Soyinka

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (339,569 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (334,551 views) Shameless Genevieve Nnaji exposes breasts in public (267,712 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (220,143 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (202,053 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (198,055 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (172,795 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (155,143 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (147,079 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (138,965 views) Lagos plane crash: Journalist releases victims’ names (136,852 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (129,541 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (36) Business & Economy (3,067) Business Verdict (40) Columnists (836) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (483) Features (569) Global Business Monitor (263) International (1,923) Interview (149) Live Commentary (28) Love Matters (116) News (34,688) Opinion (916) Pidgin (10) Politics (4,804) Religion (722) Sports (1,484) Stock Watch (28) AMA & Al Jazeera Global Update

 

 

NLNG Science and Literature Prize Awards

 

 

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