The fortune of Amazon founder Jeff Bezos surged by as much as $6.6bn (£5bn) in extended trading on Thursday after the retailer reported third-quarter results that topped Wall Street estimates.
If the gains hold through on Friday, Mr Bezos will probably overtake Microsoft co-founder Bill Gates atop the Bloomberg Billionaires Index, a daily ranking of the world’s 500 richest people. Amazon climbed 8.5 per cent to $1,055.01 at 4:30 pm in New York.
Tycoon Bill Gates has made his largest gift since the turn of the century, giving away Microsoft Corp shares that accounted for 5 per cent of his fortune, the world’s biggest.
The billionaire donated 64 million of the software maker’s shares valued at US$4.6 billion (S$6.26 billion) on June 6, according to a Securities & Exchange Commission filing released Monday.
Jeff Bezos on Thursday briefly topped Bill Gates as the world’s richest man following a spike in Amazon, according to data crunched by Forbes. But if Bill Browder’s numbers are correct, the massive fortunes of both tech giants combined still wouldn’t stack up to the real richest man in the world.
US-based Hermitage Capital Management Founder Bill Browder believes the Russian leader is the richest man in the world.
Microsoft co-founder Bill Gates once again topped the Forbes magazine list of the world’s richest billionaires, while US President Donald Trump slipped more than 200 spots, the magazine said on Monday. Gates, whose wealth is estimated at $86 billion, led the list for the fourth straight year; Gates’s is followed by Warren Buffett, the American magnate, and Berkshire Hathaway chief with an estimated wealth of $75.6 billion.
The impact of automation on jobs and society is an increasingly hot topic, with debates going on about how and when human workers will be displaced by robots and A.I. systems.
Bill Gates said in a recent interview with Quartz that governments should tax companies’ use of automation technologies, to mitigate the impact of job losses. “Right now, the human worker who does, say, $50,000 worth of work in a factory, that income is taxed and you get income tax, social security tax, all those things,” Gates said. “If a robot comes in to do the same thing, you’d think that we’d tax the robot at a similar level.”
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