Bezos' bonkers bank of bucks beats big Bill's brilliant billionaire bundle

President Broflake won't be happy about it


Updated Amazon founder and Washington Post owner Jeff Bezos rode a surge in his web giant's stock price to overtake Microsoft cofounder Bill Gates as the richest person in the world.

During the rally in Amazon's stock price late Wednesday, Bezos saw his personal paper fortune reach $92.3bn, according to Bloomberg, surpassing the $90.8bn amassed by Gates – who has for years been purging his personal net worth to bankroll his charity work.

This would mark the first time since 2013 that Gates has not held the richest person crown.

The news came ahead of Amazon's Q2 earnings report, where analysts expect the retailer and cloud carrier to report revenues of $37bn.

Bezos holds roughly 80.9 million shares in Amazon – around 17 per cent of the company's shares – according to the US Securities and Exchange Commission.

The news of Bezos' rising fortunes won't be welcome news to Donald Trump, who has taken a fancy to harping on Amazon's "tax exempt" status, largely because Bezos also owns a newspaper that doesn't say what the President wants to hear.

Amazon says it pays sales taxes in 45 states as well as the District of Columbia. ®

Updated to add

Due to a shock stock plunge after revealing Amazon's second-quarter financial results today, Bezos may have just knocked himself off of the top spot. Doh!

Similar topics


Other stories you might like

  • It's the flu season – FluBot, that is: Surge of info-stealing Android malware detected

    And a bunch of bank-account-raiding trojans also identified

    FluBot, a family of Android malware, is circulating again via SMS messaging, according to authorities in Finland.

    The Nordic country's National Cyber Security Center (NCSC-FI) lately warned that scam messages written in Finnish are being sent in the hope that recipients will click the included link to a website that requests permission to install an application that's malicious.

    "The messages are written in Finnish," the NCSC-FI explained. "They are written without Scandinavian letters (å, ä and ö) and include, for example, the characters +, /, &, % and @ in illogical places in the text to make it more difficult for telecommunications operators to filter the messages. The theme of the text may be that the recipient has received a voicemail message or a message from their mobile operator."

    Continue reading
  • AsmREPL: Wing your way through x86-64 assembly language

    Assemblers unite

    Ruby developer and internet japester Aaron Patterson has published a REPL for 64-bit x86 assembly language, enabling interactive coding in the lowest-level language of all.

    REPL stands for "read-evaluate-print loop", and REPLs were first seen in Lisp development environments such as Lisp Machines. They allow incremental development: programmers can write code on the fly, entering expressions or blocks of code, having them evaluated – executed – immediately, and the results printed out. This was viable because of the way Lisp blurred the lines between interpreted and compiled languages; these days, they're a standard feature of most scripting languages.

    Patterson has previously offered ground-breaking developer productivity enhancements such as an analogue terminal bell and performance-enhancing firmware for the Stack Overflow keyboard. This only has Ctrl, C, and V keys for extra-easy copy-pasting, but Patterson's firmware removes the tedious need to hold control.

    Continue reading
  • Microsoft adds Buy Now, Pay Later financing option to Edge – and everyone hates it

    There's always Use Another Browser

    As the festive season approaches, Microsoft has decided to add "Buy Now, Pay Later" financing options to its Edge browser in the US.

    The feature turned up in recent weeks, first in beta and canary before it was made available "by default" to all users of Microsoft Edge version 96.

    The Buy Now Pay Later (BNPL) option pops up at the browser level (rather than on checkout at an ecommerce site) and permits users to split any purchase between $35 and $1,000 made via Edge into four instalments spread over six weeks.

    Continue reading

Biting the hand that feeds IT © 1998–2021