Browsing: Jeff Bezos

World
Jeff Bezos is now a 12-digit billionaire

Jeff Bezos is the world’s newest US$100bn mogul. The Amazon.com founder’s fortune is up $2.4bn to $100.3bn (R1.4 trillion at the time of writing), as the online retailer’s shares jumped more than 2% on optimism for Black

World
Bezos set to depose Gates as world’s richest person

The fortune of Amazon.com founder Jeff Bezos surged by as much as $6.6bn in extended trading on Thursday after the retailer reported third quarter results that topped Wall Street estimates. If the gains hold through Friday, Bezos probably

In-depth
Amazon Prime Video has gone off the rails

Amazon is a company that gets the benefit of the doubt. A lot. No technology company is as ambitious or as feared. Yet no one really knows Amazon’s business strategy, and that’s by design. Most investors are happy for Amazon

World
More tycoons join Musk, Bezos in race to space

Think billionaires and outer space and three names quickly come to mind: Elon Musk, Jeff Bezos and Richard Branson. It turns out, though, that they have plenty of company. There are 13 others among the world’s 500

World
Selloff saps $43bn from world’s richest

Global tensions sparked a market selloff on Thursday that drained $42.7bn (about R575bn) from the net worth of the world’s 500 richest people and knocked Amazon.com founder Jeff Bezos from his spot as the world’s second

In-depth
For Amazon, being number one has a price

Amazon.com has reminded investors that luring shoppers away from stores and dominating the cloud computing industry isn’t cheap. The company on Thursday forecast a potential quarterly loss for the first time in

World
Is Amazon coming for your industry?

Stock investors have signalled over and over that they’re worried Amazon will steamroll any industry it touches. That’s a fair worry for the most part. However, corporate leaders around the world should not be without hope

World
Amazon to buy Whole Foods Market for $14bn

Amazon.com will acquire Whole Foods Market for US$13,7bn, a bombshell of a deal that catapults the e-commerce giant into hundreds of physical stores and fulfils a long-held goal of selling more groceries. Amazon agreed

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