Business
Jeff Bezos back on top of world’s richest persons list
Amazon CEO Jeff Bezos has replaced Tesla’s Elon Musk as the world’s richest person, reclaiming the spot he lost in January, according to Forbes.
After Tesla’s stocks closed at $796.22 on Tuesday, down more than 2.4%, Musk’s net worth slid by $3.9 billion, pushing him down to the number 2 slot. Musk had overtaken Bezos after Tesla stocks surged in price in the latter half of 2020.
Bezos has consistently been the world’s richest man since 2017.
He is also the first person whose net worth has climbed to more than $200 billion in addition to being the richest one in recent history when in 2018 his personal wealth rose above the $150 billion benchmark.
The Amazon founder will leave his post later this year, handing over the CEO seat to Amazon Cloud head Andy Jassy. Although Bezos will focus more on his other projects, including his philanthropic ventures and Wall Street Journal, it is expected that he will continue to keep an eye on the running of his retail giant.
-
Pakistan 19 hours ago
Court approves plea of Bushra Bibi, Imran Khan medical checkup
-
Pakistan 2 days ago
By-elections: Two exams of intermediate postponed
-
Regional 2 days ago
Amazon is filled with garbage ebooks. Here’s how they get made.
-
Pakistan 1 day ago
Use of plastic bags banned across Punjab
-
Pakistan 12 hours ago
Saudi Arabia nothing to do with Imran Khan’s ouster: PM’s aide
-
Sports 2 days ago
Pakistan launches ICC T20 World Cup preparations on Thursday
-
Pakistan 2 days ago
President Zardari to address in joint session of Parliament
-
Pakistan 2 days ago
Nawaz Sharif gets clean chit in Tosha Khana vehicles reference