Feb 17, 2021 05:42 AM EST
Realtime data from Forbes revealed that Amazon CEO Jeff Bezos is again, back at being the world's richest person, pushing Elon Musk to the second spot.
Jeff Bezos allegedly leapfrogged Tesla CEO Elon Musk and is now on top of the list once more, as reported by CNBC.
Musk witnessed his net worth slide by $3.9 billion on Tuesday as Tesla shares closed at $796.22, which was significantly down by over 2.4%. He saw himself drop down from the world's richest list.
It was only in January when the 49-year-old entrepreneur surpassed Bezos to become the world's wealthiest, because of then Tesla's surging share price and his massive pay package. It was a mean feat, since Bezos held on to the position since 2017.
Bezos being on top for years is unsurprising given what Amazon does. The giant online marketplace sells just about anything and the platform certainly profits. The Amazon founder's personal wealth, which is mostly in Amazon stock, has continuously skyrocketed in the recent years. The same trend can be seen in the company's share price.
Even as Bezos made unimaginable amount of money month after month, Bezos never stopped reaching new new wealth milestones. Last August, he became the first person to see their net worth surge above $200 billion, while majority of the world's economy and individual livelihoods got hit by the COVID-19 pandemic.
Bezos will be leaving his post later this year, but this does not mean he will be seeing his net worth dwindle. Earlier this month, Bezos announced he would turn the CEO post to Amazon's top cloud boss Andy Jassy. However, Bezos will still be keeping stock of what is happening with the company he founded.
Leaving just meant he will have extra time to focus on other projects, which are bound to be lucrative for him too. Some of the projects include the Blue Origin rocket company and The Washington Post. He will also have additional time to take care of his philanthropic endeavors, such as the Bezos Earth Fund and the Amazon Day 1 Fund.
Amazon however, is presently in some hot water. The company was sued by New York attorney general for reportedly not implementing adequate protocols to secure its employees' safety at the thick of the COVID-19 pandemic.
"Amazon's flagrant disregard for health and safety requirements has threatened serious illness and grave harm to the thousands of workers in these facilities and poses a continued substantial and specific danger to the public health," the lawsuit says.
Earlier on, the company has already take a pre-emptive legal action against the Atty General, and claimed that these accusations are baseless.
"We care deeply about the health and safety of our employees, as demonstrated in our filing last week, and we don't believe the Attorney General's filing presents an accurate picture of Amazon's industry-leading response to the pandemic," Amazon spokesperson Kelly Nantel said in a statement.
It remains to be seen how the charges will unfold.
Rustam Gilfanov is a famous IT businessman, a founder of a large IT company, and a partner of the LongeVC Fund.
Bitcoin and cryptocurrency in general guarantee some amazing profits if invested correctly.
In the currency trading business, many individuals make mistakes. Since most individuals join this profession with too much excitement, they forget about efficient strategies. Instead of controlling their investment and execution process, most individuals make poor choices for trading.
In today's digital world, more and more people are investing in cryptocurrencies. These digital tokens have exploded into popularity over the past few years, and have grown to the point that there are now nearly over 6,000 of them, according to Statista.
Generational wealth is a facet of wealth management that is often misunderstood. Labeled trust fund babies, rich kids, and lucky breaks, those who receive an inheritance from families are rare.
Social media has successfully made it to the mainstream consciousness of over half the global population. DataReportal's latest study shows that over 4.33 billion people worldwide are using some form of social networking site this year. That's why it's no wonder many tech companies are interested in investing or forming the next Facebook, Twitter, or YouTube to capture the hearts and minds of the general population.
Ease of access, freedom to choose in which to invest the money and lines of credit designed according to the needs of consumers, are some of the characteristics that have made consumer credit one of the most important financing products in the world’s market.
While researchers have suggested that individuals who base their self-worth on their financial success often feel lonely in everyday life, a newly published study by the University at Buffalo and Harvard Business School has taken initial steps to better understand why this link exists.