Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,160,449 members, 7,843,380 topics. Date: Wednesday, 29 May 2024 at 12:54 AM |
Nairaland Forum / Nairaland / General / Business / BREAKING : Jeff Bezos Surpasses Bill Gates As World’s Richest Person (648 Views)
Bill Gates Tops Jeff Bezos As Richest Person In The World: See The Full List / Bernard Arnault Replaces Bill Gates As World’s Second Richest Man / Jeff Bezos Overtakes Bill Gates To Become World's Richest Man (2) (3) (4)
BREAKING : Jeff Bezos Surpasses Bill Gates As World’s Richest Person by damilare442: 4:18pm On Jul 27, 2017 |
A surge in Amazon.com Inc. shares Thursday morning in advance of the online retailer’s earnings report has propelled founder Jeff Bezos past Bill Gates as the world’s richest person. Shares of the online retailer rose 1.3 percent to $1,065.92 at 10:10 a.m. in New York, giving Bezos a net worth of $90.9 billion, versus $90.7 billion for Gates. If that holds through the 4 p.m. close, Bezos, 53, will leapfrog Gates, the Microsoft Corp. co-founder, on the Bloomberg Billionaires Index. Gates, 61, has held the top spot since May 2013. Investors and analysts, in addition to watching Amazon’s progress in taking market share in categories such as apparel and groceries, will be scrutinizing how many new subscriptions the retailer sold for its $99-a-year Amazon Prime service, which offers delivery discounts and video and music streaming. Prime shoppers spend more than customers who don’t have a membership. “Amazon Prime is why so much physical retail is going away,” said Michael Pachter, a Wedbush Securities Inc. analyst who has a buy rating on the stock and a price target of $1,250. “Anyone who joins Prime shops in retail stores 10 percent less, and that number will keep accelerating as Amazon adds more inventory.” Investors also monitor Amazon’s cloud-computing division, Amazon Web Services, a fast-growing and profitable business that accounts for about 10 percent of revenue. Amazon leads the cloud-computing industry, but faces increasing competition from Microsoft and Google parent Alphabet Inc. Amazon is expected to post quarterly revenue of $37.2 billion, a 22 percent jump from a year earlier, according to the average estimate of 34 analysts surveyed by Bloomberg, and earnings per share of $1.42. http://kaybaba.com/breaking-jeff-bezos-surpasses-bill-gates-worlds-richest-person/ |
Re: BREAKING : Jeff Bezos Surpasses Bill Gates As World’s Richest Person by lifeispeace: 4:28pm On Jul 27, 2017 |
It won't take a week before he is dethroned... Ask Warren buffet |
Re: BREAKING : Jeff Bezos Surpasses Bill Gates As World’s Richest Person by martineverest(m): 5:21pm On Jul 27, 2017 |
In less than 3 months bill so take over Truth be told.the West knows that Arab cheiks and Russian plutocrats are far richer Lalasticlala seun |
Re: BREAKING : Jeff Bezos Surpasses Bill Gates As World’s Richest Person by saddabm(m): 5:28pm On Jul 27, 2017 |
Interesting! |
(1) (Reply)
Accelerate The Economy Through Youth In Enterprise (accelerate LABS) / Where Can I Apply For A Soft Loan Without Collateral / Earn Extra Income Up To #60000 On Alat By Inviting Your Friends
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 13 |