Amazon (AMZN) said Tuesday that Jeff Bezos, the company’s founder and CEO, would be stepping down from his role in the third quarter of 2021. Bezos will be transitioning to executive chair of the company. Andy Jassy, who currently leads…
Amazon’s $0 corporate income tax bill last year, explained
Amazon’s founder is America’s richest person, but the company paid no corporate income tax last year. How can that be? For starters, Jeff Bezos is rich because of the value of Amazon stock, but for years, Wall Street loved the…
Jeff Bezos adds record $13bn to wealth in one day, $74bn this year
Jeff Bezos added $13 billion to his net worth on Monday, the largest single-day jump for an individual since the Bloomberg Billionaires Index was created in 2012. Amazon.com Inc shares surged 7.9%, the most since December 2018 on rising optimism…
Bill Gates Becomes The Second Person To Join The $100 Billion Club
Bill Gates has followed Jeff Bezos to become the world’s second ‘centi-billionaire’ after his fortune reached the $100 billion threshold. According to Bloomberg, which tracks the wealth of the planet’s richest people through its Billionaires Index, the Microsoft co-founder has…