Jeff Bezos becomes first person ever worth $200 billion personal wealth
The world's richest person, Jeff Bezos, is wealthier than he's ever been. Early Wednesday he crossed a milestone previously unseen in the nearly four decades Forbes has been tracking net worths: With Amazon stock edging up 2% as of Wednesday afternoon, Bezos' net worth is up by $4.9 billion, making the 56-year-old the world's first-ever person to amass a $200 billion fortune.
As of 1:50 p.m. EDT on Wednesday, the Amazon founder and CEO is worth $204.6 billion—nearly $90 billion more than the world's second-richest person, Bill Gates, who's currently worth $116.1 billion.
Even adjusting for inflation, Forbes believes Bezos' fortune is the largest ever amassed. The person to come closest is Gates, who was the world's first-ever centibillionaire. Near the height of the dot-com bubble, when Microsoft reached its then-peak in 1999, Gates' net worth surpassed $100 billion, roughly $158 billion in today's dollars.
Fueled by the change in consumer habits as a result of the coronavirus pandemic, Amazon stock is up nearly 80% since the beginning of the year, and Bezos' net worth, which was roughly $115 billion on January 1, has skyrocketed in tandem. Bezos’ roughly 11% stake in Amazon makes up more than 90% of his fortune. He also owns the Washington Post, aerospace company Blue Origin and other private investments.
Bezos would be even richer had he not gone through the most expensive divorce settlement in history last year. When he split from ex-wife, MacKenzie Scott, last July, he agreed to give her 25% of his Amazon stake, a chunk of stock now worth $63 billion. Even after giving away $1.7 billion in charitable gifts earlier this year, Scott is currently the world's 14th-richest person and second-richest woman, behind L'Oréal heiress Françoise Bettencourt Meyers.
Bezos isn’t alone among tech titans with fortunes surging to massive new heights. Facebook's Mark Zuckerberg ended Tuesday as a brand-new centibillionaire, worth $103.1 billion after adding $3.4 billion to his fortune in one day, on Facebook stock gains. That surge continued early Wednesday afternoon, with Zuckerberg up an astonishing $6 billion just on Wednesday as of publication time. He's now worth $109.1 billion.
There are now more centibillionaires on the planet than ever. Joining Bezos, Gates and the newly crowned Zuckerberg is LVMH chair Bernard Arnault, who first joined the 12-figure ranks last year. Though his net worth slipped to about $80 billion at the height of the coronavirus pandemic in March, Arnault reclaimed the centibillionaire title in May and today is worth about $115 billion. This makes him the third-richest person on earth–$90 billion poorer than Jeff Bezos.
Report originally published on forbes.com
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CT Ravi seeks impartial probe into Ballari clash, firing incident
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Chikkamagaluru: Legislative Council member C.T. Ravi on Friday called for an impartial and fair investigation into the banner-related clash and firing incident that occurred in Ballari.
Speaking to reporters in Chikkamagaluru, Ravi said the incident must be investigated thoroughly without prejudice or hatred influencing the probe. He said it was important to clearly establish who opened fire and who was responsible for the killing.
Referring to Valmiki Jayanti celebrations, Ravi said it was the BJP government that began officially observing the occasion, while the Congress, he alleged, had earlier denied the existence of Lord Ram and indirectly questioned the legacy of Valmiki. He recalled that during the Ram Setu case, the Congress had told the Supreme Court that Ram was a fictional character and not a historical figure.
On the Ballari incident, Ravi said registering cases or taking action with malicious intent was not appropriate. He added that whether banners were put up with permission or without it, forcibly removing them was wrong. If banners had been erected without permission, a complaint could have been filed instead.
Ravi also questioned how the government could justify people going near the residence of G. Janardhan Reddy to display strength. He said these circumstances suggested that the banner issue may only have been a pretext and that there could be other factors behind the violence.
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