Jeff Bezos’ fortune dived $9.1 billion after tech stocks were demolished in a big stock market selloff on Wednesday. Of the top five tech FAANG stocks, Amazon’s was hit the hardest by the slump. As a consequence, Bezos’ lost more than anyone else on the Bloomberg Billionaires Index. A huge stock market slump on Wednesday cost the world’s richest man more than $9 billion. Jeff Bezos lost $9.1 billion on Wednesday, leaving him with a net worth of $145.2 billion. This sets Bezos back to his net worth in July, the same month the Amazon CEO became the world’s richest man in modern history. Many billionaires’ fortunes shrank on Wednesday, with the world’s 500 richest people taking a collective hit of $99 billion, the second worst day for Bloomberg’s Billionaire Index in 2018. Facebook CEO Mark Zuckerberg lost $2.5 billion, but Bezos was the worst affected. Here’s the top 10 on the Bloomberg … [Read more...] about Jeff Bezos’ fortune plummeted $9.1 billion after Amazon was crushed in the stock market rout
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There’s one clear sign Jeff Bezos looks for to gauge how smart people are
Jeff Bezos, the CEO and founder of Amazon, has a strategy for identifying smart people. The Amazon CEO shared his ideas about intelligence in a question-and-answer session with Basecamp employees. According to Bezos, smart people are always “reconsidering” problems. In other words, the most intelligent people are confident enough to change their minds based on new evidence. Want Jeff Bezos to think you’re smart? Admit you’re wrong, and be big enough to change your mind. That’s the secret to impressing the Amazon CEO and founder. Inc.’s Jessica Stillman recently reflected on an anecdote illuminating Bezos’s ethos around being smart. Basecamp CEO and founder Jason Fried described an interaction with the Amazon CEO, who owns a small share in the web application company, in a blog post. According to Fried, Bezos once swung by Basecamp’s office to talk strategy and chat with employees. In response to one … [Read more...] about There’s one clear sign Jeff Bezos looks for to gauge how smart people are
Richard Branson says Virgin Galactic is ‘weeks’ away from a launch as his space race with Jeff Bezos heats up
caption Richard Branson, chairman of Virgin Airlines, in 2016. source Getty Richard Branson previously said he was “months” away from launching Virgin Galactic’s first rocket into space – on Tuesday he said it will happen within “weeks.” He told CNBC that his team are “more than tantalizingly close” to a launch. Branson wants to put himself into space as soon as possible too, and says he will be onboard one of his rockets within “months.” Virgin Galactic is “neck and neck” with Blue Origin, run by Amazon’s Jeff Bezos, to provide the first commercial spaceflight, Branson said in May. Virgin Galactic founder Sir Richard Branson says his team are only “weeks, not months” away from putting their first rocket in space – and Galactic are “neck and neck” with Jeff Bezos’ Blue Origin program for the first commercial spaceflight. Speaking … [Read more...] about Richard Branson says Virgin Galactic is ‘weeks’ away from a launch as his space race with Jeff Bezos heats up
Jeff Sessions joins European talks on terrorism, migration
Updated 12:53 am PDT, Tuesday, October 9, 2018 French Prime Minister Edouard Philippe, center, and French Minister attached to the Interior Minister Jacqueline Gourault, center left attends the G6 Interior Ministers' meeting in Lyon, central France, Monday, Oct. 8, 2018. (Jeff Pachoud/Pool via AP) less French Prime Minister Edouard Philippe, center, and French Minister attached to the Interior Minister Jacqueline Gourault, center left attends the G6 Interior Ministers' meeting in Lyon, central France, Monday, ... more Photo: Jeff Pachoud, AP Italian Interior Minister and deputy Premier Matteo Salvini arrives at the G6 Interior Ministers' meeting in Lyon, central France, Monday, Oct. 8, 2018. Italian Interior Minister and deputy Premier Matteo Salvini arrives at the G6 Interior Ministers' meeting in Lyon, central France, Monday, Oct. 8, 2018. Photo: … [Read more...] about Jeff Sessions joins European talks on terrorism, migration
Watch: Sen. Jeff Merkley Tells Protesters Kavanaugh ‘Joined Fraternity that Specialized in Abusing Women’
Sen. Jeff Merkley (D-OR) told protesters gathered at the Capitol on Friday to oppose Supreme Court nominee Brett Kavanaugh that the federal judge has a “record of abusing women” and in college, joined a fraternity that “specialized” in that abuse. “We heard about his record of treatment of women — not just from the brave women who came forward but also in the comments that he made that he tried to disgrace and participated in the shaming of a high school acquaintance in his yearbook,” Merkley told the small crowd of booing protesters:(Penny Starr/Breitbart News) “We heard about the fact that he chose to join a fraternity that specialized in abusing women,” Merkley said. “He joined a secret society that was known for that reputation.” “This is not a criminal court examination,” Merkley said. “This is a job interview, and in this job interview, an individual with this record of abusing women, treating … [Read more...] about Watch: Sen. Jeff Merkley Tells Protesters Kavanaugh ‘Joined Fraternity that Specialized in Abusing Women’