World’s Richest Man Jeff Bezos Sets New Record, Loses $19.2 billion in Two Days
Amazon founder Jeff Bezos, the world's richest person, lost USD 19.2 billion over the past two trading days, the most ever in that time, according to the Bloomberg Billionaires Index. This comes amid a global market selloff fuelled by fears of further trade tensions.
The report also said that Bezos is still the world’s richest person, but he’s a lot closer to Bill Gates, world number two, than just a few months ago.
Facebook's Mark Zuckerberg held the previous record, set in July, when the social-media giant reported revenue and user growth that missed estimates, reducing USD 16.5 billion from his fortune.
Technology stocks led Monday’s declines, with the Nasdaq Composite Index sliding to its lowest since April. Shares of Amazon tumbled 6.3 percent, on top of Friday’s 7.8 percent drop, leaving Bezos with USD 128.1 billion, down from a peak of USD 167.7 billion early last month.
The USD 8.2 billion hit he took Monday was the biggest by far on the Bloomberg ranking of the world’s 500 richest people. Mexican telecom tycoon Carlos Slim’s USD 2.5 billion drop was the day’s second-largest. Gates, the Microsoft Corp. co-founder, lost USD 558.3 million and is now worth USD 92.8 billion.
Courtesy: www.news18.com
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Mumbai-Pune Expressway connecting link now fully operational
Mumbai (PTI): The Mumbai-bound carriageway of the Mumbai-Pune Expressway connecting link was opened to vehicular traffic on Saturday noon after a delay caused by the dismantling of inauguration infrastructure and cleaning work, a day after the Pune section became operational.
The 13.3 km-long "missing link", which bypasses a section of the Bhor Ghat stretch of the expressway and cuts travel time between Mumbai and Pune by 25 to 30 minutes, was inaugurated a day earlier by Chief Minister Devendra Fadnavis in the presence of Deputy CMs Eknath Shinde and Sunetra Pawar.
The Pune-bound carriageway of the corridor was opened to traffic immediately; however, the Mumbai-bound section remained closed to traffic for several hours after the inauguration.
An official of the Maharashtra State Road Development Corporation told PTI on Saturday that the opening of the Mumbai-bound carriageway was delayed mainly due to the dismantling of the inauguration infrastructure and cleaning work.
The removal of the stage and other decorations was completed in the morning. The work to load and transport the material slightly delayed the opening of the carriageway.
Vehicular movement on the carriageway began after all the remaining material was cleared and road cleaning was completed, the official added.
The expressway control room said that despite significant vehicular movement, the access-controlled highway has not witnessed any major traffic snarls since Friday evening, after the Pune-bound carriageway of the missing link was opened to traffic.
The Missing Link project connects Khopoli (in Raigad) on the Mumbai side to Kusgaon near Lonavala in Pune district and is expected to make the expressway fully access-controlled, easing congestion in the ghat section.
Developed by the MSRDC and dubbed an "engineering marvel", the project includes two tunnels, two viaducts and a cable-stayed bridge over Tiger Valley. It bypasses the steep, accident-prone ghat section, where frequent traffic snarls are reported during weekends and on public holidays.
