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Monday, April 29, 2024

The founder and boss of Amazon has seen his wealth swell by $24bn (£19bn) after soaring demand for online shopping sent the firm’s share price to a new high.

Jeff Bezos now has a fortune of $138bn, according to the Bloomberg Billionaires Index, cementing his position as the world’s richest man.

Amazon has benefited from surging internet shopping by people forced to stay home during the Covid-19 outbreak.

The firm has been recruiting thousands of workers to cope with demand.

However, Amazon has also been criticised by employees in the US over workplace protection against the coronavirus.

Mr Bezos owns an 11% stake in Amazon and on Tuesday, the firm’s shares rose by 5.3%.

The family behind retail giant Wal-Mart, which owns Asda in the UK, have also gained during the lockdown.

The Waltons saw their net worth rise 5% this year to $169bn, making them the world’s richest family, according to Bloomberg.

With millions now working from home, online meeting site Zoom has seen founder Eric Yuan’s fortune more than double to $7.4bn.

The Bloomberg Billionaires Index said the world’s 500 richest people lost $553bn so far this year.

Investors in the global oil and gas industries have seen sharp drops in net worth as crude prices plunged on reduced global demand and a row – now resolved – about oil production between Saudi Arabia and Russia.

Source: BBC

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Message from the CEO

On Internatonal Women’s Day

The mankind will not exist if there is no woman on this planet .Nature gave this power to woman to carry the source of existence.In today’s world even there are lots of awareness and activities to protect the rights of women there are still many evidence of discrimination and abuse for women . Women are still facing difficulties to live a decent and happy life . The physical or gender differences should not matter , what is most important is that we are all human being and Humanity is above all .

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