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.
The number of Americans filing new claims for unemployment benefits unexpectedly increased last week, supporting views the economic recovery from the COVID-19 pandemic was running out of steam amid diminishing government funding. Fred Katayama reports.
A group of Apple's critics - including Spotify Technology, Match Group and "Fortnite" creator Epic Games - have joined a nonprofit group that plans to advocate for legal and regulatory action to challenge the iPhone maker's App Store practices. Fred Katayama reports.
Even as dealmakers bicker over who will actually own TikTok Global, another question emerged after President Donald Trump agreed over the weekend to keep the wildly popular video-sharing app running in the United States for another week: how can they possibly create 25,000 new jobs in the United States? Fred Katayama reports.
Wall Street's main indexes closed lower on Monday as concerns about new lockdowns in Europe and possible delays in fresh stimulus from Congress raised fears the U.S. economy faces a longer road to recovery than previously hoped for. Fred Katayama reports.
Amazon CEO Jeff Bezos sold more than $3.1 billion worth of his company's stock between Monday and Tuesday.
Business Insider reports the two-day selling spree surpassed the $2.8 billion worth of Amazon..