Amazon.com Inc. founder Jeff Bezos surpassed Bill Gates as the world’s richest person on Thursday for a few hours.
Shares of the online retailer had surged as U.S. markets opened, and climbed as much as 2.9 percent just before noon in New York, giving Bezos a net worth of $92.3 billion. Then, with investors bracing for the Seattle-based company to report second-quarter results after the close, the shares tumbled. Amazon fell 0.7 percent on the day, leaving Bezos with $89.3 billion and keeping him in second place on the Bloomberg Billionaires Index. Gates, the 61-year-old Microsoft Corp. co-founder, has held the top ranking since May 2013.
Amazon dropped further in extended trading, sliding 1.9 percent to $1,026 at 4:37 p.m. in New York, after reporting earnings that missed estimates and forecasting a possible operating loss for the third quarter.
For strengthening and impacting the Sports, Culture and Tourism sector during his tenure as the…
A man who was reportedly accused of stealing some bags of cement has jumped into…
A controversial Onitsha-based pastor, Chukwuemeka Ohanaemere, better known as Odumeje, has said he will strengthen…
The Lagos State Command of the Nigerian Correctional Service has cleared the air on the…
The Oba of Benin, Oba Ewuare II, has suspended six traditional functionaries from performing their…
Law Lee, an associate of controversial musician Naira Marley, has made a disparaging comment regarding…
This website uses cookies.