The wealth of 643 of US' richest billionaires rose from $2.95 trillion to $3.8 trillion between March 18 and September 15. This marks a 29% increase over those six months. That's according to a report by the Institute for Policy Studies and Americans for Tax Fairness said. Tesla founder Elon Musk's wealth increased by 273% in the period to $92 billion. Jeff Bezos wealth increased 64.8%, from $113 billion to $182. Mark Zuckerberg's wealth increased from $54 billion to $100.
Amazon CEO Jeff Bezos topped Forbes' list of richest Americans for the third year in a row, while U.S. President Donald Trump's ranking dropped as the pandemic slammed his office buildings, hotels and resorts, the magazine said Tuesday. Colette Luke has the latest.
MacKenzie Scott is the richest woman in the world. Scott's net worth is now a staggering $68 billion. According to CNN, Scott has surpassed L'Oréal heiress Francoise Bettencourt Meyer in terms of wealth. Scott was married to Amazon founder Jeff Bezos until their recent divorce. Scott received a quarter of Bezos' Amazon shares in the couple's divorce settlement in 2019. That equated to a 4% stake that was worth more than $35 billion at the time.
Jeff Bezos already holds the title of the world's richest man. Now the tech mogul's net worth has skyrocketed once again, setting another new record. According to CNN, on Wednesday, the Amazon CEO's wealth reached an estimated $202 billion. Bezos founded Amazon in 1994 and continues to break records with his wealth. The impressive growth in Bezos' fortune is being fueled by his holdings in Amazon (AMZN). The company's stock is up nearly 25% over the last three months and 86% so far this year.
REUTERS/Steve Nesius Tesla CEO Elon Musk's personal wealth gained nearly $8 billion Monday as the stock surged 11% to an all-time high. Musk is now the fourth-richest person in the world, according to the Bloomberg Billionaires Index. Overall, Musk's net worth has grown by $57.2 billion this year, the second-largest gain behind Jeff Bezos' $73 billion increase. Read more: Bruce Fraser outperformed the S&P 500 by nearly 286% as a hedge-fund manager before switching to real-estate investing.
Sacha Baron Cohen’s sequel to the 2006 hit comedy Borat will premiere onAmazon Prime Video. Details are thin on the ground about the film, but reportsin the US suggest it will launch on the streaming service worldwide before thepresidential election on November 3.
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America waited with bated breath for two years to hear whether the Trump campaign colluded with Russia in the 2020 election. The leader of the investigation was former special counsel Robert Mueller, who testified before Congress and has made few public statements since then. But according to Business Insider, Mueller on Tuesday issued a statement refuting claims made by his former right-hand-man, Andrew Weissman.
John Minchillo/AP The Thanksgiving weekend is the most important time of the year for US airlines. However, bookings for November are down as much as 88% compared to this time last year, data from airline analysis firm OAG show. Airlines are hoping for a surge in last-minute bookings, keeping with trends during the pandemic, but the industry remains in a tailspin as travel demand fails to sufficiently recover. Visit Business Insider's homepage for more stories.
Day One Agency Scottie Pippen spoke to Business Insider about partnering with American Express and the Calm meditation app to narrate an audio history of basketball for the app. Pippen also discussed how he and the Chicago Bulls used mindfulness to excel as a team, and called the NBA bubble "pickup basketball" in an extended reflection on it. Visit Business Insider's homepage for more stories.
Just like in the workplace, domestic partnerships feature gendered division of labor. But according to Business Insider contributor Melissa Petro, divvying up chores into 'his' work and 'her' work is counter-productive. Whereas men do more work that is outdoors and considered recreational, like yard work, women tend to do indoor work like cooking, cleaning, and laundry. But because men's chores happen weekly or less often, the ones women do happen daily, or several times a day.
Last week, a federal judge issued an injunction requiring the US Postal Service to reverse changes made by Postmaster General Louis DeJoy. The judge called the changes an 'an intentional effort' by President Donald Trump and DeJoy to disrupt and challenge the legitimacy of upcoming elections. But according to Business Insider, the USPS claimed in a court filing Wednesday, 'no can do.