Connect with us

Hi, what are you looking for?

SleeKic

Newsbit

Jeff Bezos is once again the richest person in the world after two weeks at No. 2

Jeff Bezos is once again the richest person in the world after two weeks at No. 2


Barely two weeks after losing the title of the richest person in the world to LVMH chief Bernard Arnault, Amazon’s Jeff Bezos reclaimed the No. 1 spot.

Forbes stated that Amazon shares closed more than 2% higher on Thursday, June 10, boosting Bezos’ net worth by $3.5 billion, while shares in Arnault’s luxury conglomerate LVMH slumped by nearly 1%, slashing $1.4 billion from his fortune.

Bezos’ net worth now stands at $193.5 billion, Forbes estimates, compared to Arnault’s $192.9 billion.

In the report, Forbes said it’s been a rollercoaster few weeks for the two titans, who have been trading the top spot back and forth. On May 24 and 25, Arnault briefly passed Bezos before the markets opened in New York and Amazon shares rose, giving the Amazon founder the upper hand. Then, on May 27, Anault took the lead and held it for two weeks.

Advertisement. Scroll to continue reading.

Most of Bezos’ net worth is tied up in his Amazon shares. He owns about 10% of the e-commerce giant in addition to an estimated $19 billion worth of cash and investments, $500 million in real estate, plus aerospace company Blue Origin and the Washington Post.

appendFbScript(); }

appendFbScript();

})(); });



Source link

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Entertainment

Eleanor Roosevelt rightly opined, ‘The purpose of life is to live it, to taste and experience it to the utmost, and reach out eagerly...

Entertainment

The home where Charles Manson‘s followers murdered the LaBiancas is finally in the hands of a new owner … after months of sitting on...

Newsbit

The face of the man who brutally stabbed his wife to death before killing himself has been unveiled. Within Nigeria earlier reported that...

Entertainment

In this vlog, Ify of Ify’s kitchen will be taking you through the process of making her favourite breakfast quesadilla. This recipe is filled...

Advertisement