The world’s five richest men have more than doubled their fortunes from $405 billion to $869 billion since 2020 —at a rate of $14 million per hour— while nearly five billion people have been made poorer, reveals a new Oxfam report on inequality and global corporate power.
Jeff Bezos lost more wealth than Gautam Adani and Mukesh Ambani in last one year
Mumbai/IBNS: Jeff Bezos, the founder of e-commerce giant Amazon, lost more wealth in dollar terms in the last one year than Indian billionaires Mukesh Ambani and Gautam Adani combined, according to the 2023 M3M Hurun Global Rich List.
Amazon becomes first ever public company to lose USD 1 trillion in market value
Seattle/IBNS: Amazon has become the world's first public firm to lose USD 1 trillion in market valuation on the backs of inflation, tightened monetary policy, and let down in earnings, causing a major sell-off in its stock this year, Bloomberg reported.
Lenders vote against Future Group's proposed deal with Reliance
Future Group's plan to sell its retail and wholesale assets to Reliance Retail failed after the majority of the lenders of the flagship Future Retail Ltd (FRL) voted against such a takeover by Reliance, media reports said.
Amazon files fresh law suits in dispute with Future group: Report
New Delhi/IBNS: Amazon has approached the courts challenging the recent decisions in its protracted legal dispute with Kishore Biyani-led Future Group after the Competition Commission of India suspended a 2019 deal between the two sides, leading to a halt in their arbitration, Reuters reported on Sunday citing sources.
Elon Musk has become the first person to be worth over $300 billion as his fortune surged by more than $10 billion in a day after Tesla became the first automaker to be valued over a trillion dollars, media reports said.
New Delhi/IBNS: The Supreme Court on Friday ruled that Reliance Retail and Future Retail cannot go ahead with their Rs 24,713 crore deal, in a boost to US-based e-commerce giant Amazon.
Kolkata/IBNS: Hurun Research and EdelGive Foundation has released the '2021 EdelGive Hurun Philanthropists of the Century', a ranking of the world’s most generous individuals and their institutions from the past century. Unlike the popular choice that many might have assumed to top the list- like Jeff Bezos or Bill Gates- an Indian industrialist stood ahead.
Google chief Sundar Pichai congratulates Jeff Bezos as he decides to step aside as Amazon CEO
New York: Google CEO Sundar Pichai on Wednesday congratulated Amazon chief Jeff Bezos as he announced to step asiode from his position later this year.
Jeff Bezos to step aside as Amazon CEO
Washington: Amazon founder Jeff Bezos, who is one of the richest persons on Earth, will step aside later this year as chief executive of the company.
Tesla top boss Elon Musk surpasses Amazon chief Jeff Bezos as richest man on earth
New York/IBNS: Tesla Inc chief and billionaire entrepreneur Elon Musk has surpassed Amazon.com Inc founder Jeff Bezos as the richest person of the world.
Amazon to create one million jobs in India in next five years: Jeff Bezos
New Delhi/IBNS: Amazon founder Jeff Bezos has said his company will create 1 million jobs across India by 2025.