Jeff Bezos

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ProPublica Gets Tax Details on the Richest of the Rich
ProPublica Gets Tax Details
on the Richest of the Rich
investigation
Jun 8, 2021 12:46 PM CDT

ProPublica Gets Tax Details on the Richest of the Rich

And finds that they pay a tiny fraction of their wealth in taxes

(Newser) - The richest Americans might complain about the federal government's tax bite, but an investigation by ProPublica reveals a compelling counterpoint. The very rich pay only a "tiny fraction" of their wealth in federal income taxes. And that's in stark contrast to Americans who live paycheck to paycheck,...

2 Dueling Views on Jeff Bezos&#39; Space Trip
Is Bezos
a Hero
or a Jerk?
2 Views
OPINION
Jun 8, 2021 11:50 AM CDT

Is Bezos a Hero or a Jerk? 2 Views

One writer thinks his space trip shows integrity, another the exact opposite

(Newser) - Jeff Bezos, conqueror of retail sales on Earth, is venturing into space next month on the first manned voyage of his Blue Origin company. As you might expect, this generated all kinds of opinions, and below are one each from the yea and nay camps:
  • Bravo: At Time , Jeffrey Kluger
...

Jeff Bezos Is About to Go on His 'Greatest Adventure'

Amazon CEO will head into space on July 20 with his brother

(Newser) - After a hard pandemic year, many Americans are starting to plan their summer vacations, but it's doubtful many getaways will top the one that Amazon's CEO just announced. "Ever since I was five years old, I've dreamed of traveling to space," Bezos wrote in a...

Bezos Picks 'Sentimental' Date to Step Down as CEO

He will hand the reins to Andy Jassy on July 5

(Newser) - Jeff Bezos won't be returning to work as Amazon's CEO after the Fourth of July weekend. Bezos, who announced his departure in February but didn't set a date, said during Wednesday's annual shareholder meeting that Andy Jassy, head of Amazon's cloud-computing service, will take over...

Millionaires Mark Tax Day With Protest at Bezos' Door

Group wants corporations, wealthy individuals to pay more

(Newser) - A group of rich people laid their case on tax policy at the front door of the world's richest man on Monday. Patriotic Millionaires organized the Tax Day demonstration outside Bezos' homes in New York and Washington, DC, the Guardian reports. The group favors more progressive tax policies; its...

Jeff Bezos&rsquo; New Yacht Will Have Its Own Yacht
Jeff Bezos Is Building
a Very, Very Big Boat
IN CASE YOU MISSED IT
May 15, 2021 3:10 PM CDT

Jeff Bezos Is Building a Very, Very Big Boat

His superyacht will come with a 'support yacht'

(Newser) - It sounds like a punchline: Jeff Bezos is so rich that his yacht has a yacht. Except, as Bloomberg reports, it's true. Bezos is having a boat built that will be among the biggest sailing yachts on the seas—417 feet long, multiple decks, three masts, etc. Alas, there'...

Amazon to Raise Pay for 500K Workers After Union Battle

Company says the idea is to attract more employees

(Newser) - Amazon said Wednesday that it plans to give more than 500,000 of its workers a raise as it seeks to attract new workers. The online shopping giant, which already pays new hires at least $15 an hour, said it will start increasing pay between 50 cents an hour to...

MacKenzie Scott, Jeff Bezos' Ex, Is Married Again

To Dan Jewett of Seattle, a teacher

(Newser) - Two years after she divorced the world's richest man , MacKenzie Scott has a new husband. The billionaire philanthropist and author married Dan Jewett, a science teacher at a private school in Seattle, the Wall Street Journal reports. Scott's Amazon author bio now mentions her new spouse, and there'...

Jeff Bezos Steps Down at Amazon Amid Rising Scrutiny

Indeed, 'unprecedented' scrutiny in Washington, Politico says

(Newser) - Jeff Bezos is stepping down as CEO of Amazon.com at a time when controversy is swirling around him. As Politico notes, not only have critics been increasingly questioning Amazon's wages and treatment of its workers—and contrasting those with the massive profits the company is bringing in amid...

Bezos Is Stepping Down as Amazon CEO
Amazon Is Getting a New CEO
Feb 2, 2021 3:25 PM CST

Amazon Is Getting a New CEO

'This isn't about retiring,' Bezos says

(Newser) - Amazon reported very strong financial results Tuesday—along with the news that CEO Jeff Bezos is stepping down after almost 30 years. Bezos, who founded Amazon in 1994 and turned the firm into an e-shopping juggernaut, become incredibly rich in the process, will transition to executive chair of the company'...

There's a New Richest Person in the World

Tesla CEO moves a billion past Jeff Bezos

(Newser) - The skyrocketing price of Tesla shares pushed Elon Musk's wealth past that of Jeff Bezos on Thursday, crowning a new richest person in the world. Musk is now listed as being worth $185 billion, a billion more than Amazon's Bezos, CNBC reports. It's not exactly a rags-to-riches...

Bezos' Ex Gives Away Billions More, 'No Strings Attached'

MacKenzie Scott donates another $4.2B

(Newser) - MacKenzie Scott continues to dole out the billions following her divorce from Jeff Bezos. The Amazon founder's ex, who has pledged to donate most of her fortune and had already given away $1.7 billion to that end, on Tuesday announced another massive give: this time, $4.16 billion...

Bezos' Blue Origin Wants a Woman on the Moon

NASA getting ready to pick a company to build a moon lander

(Newser) - If NASA can put 12 men on the moon, Jeff Bezos' space company thinks it can put a woman on our lunar neighbor, reports the Guardian . With NASA getting ready to pick between three companies vying to supply it with a lunar lander, Blue Origin posted an Instagram video of...

During Pandemic, Amazon Is Hiring. And Hiring

Pace is unprecedented, putting the company on track to become world's biggest employer

(Newser) - Walmart once hired 230,000 people in one year. Amazon is making that look like nothing. Through October, the online retailer has added 427,300 employees this year, the New York Times reports. "It's hiring like mad," a labor historian at the University of California-Santa Barbara said....

Jeff Bezos Gives Away $791M
Jeff Bezos Giving Away $791M
Nov 17, 2020 1:15 AM CST

Jeff Bezos Giving Away $791M

In grants to groups fighting climate change

(Newser) - The world's richest man is a teensy bit less rich. Amazon founder Jeff Bezos is donating $791 million, via grants to 16 groups that are working to combat climate change. "I’ve spent the past several months learning from a group of incredibly smart people who’ve made...

Bezos Cashes In $3.1B in Amazon Shares

Amazon CEO made more than $10B Wednesday

(Newser) - Jeff Bezos cashed in more than $3 billion in Amazon shares on Monday and Tuesday, bringing the total for the year to $10.2 billion—which is less than what he made on Wednesday. Business Insider reports that the Amazon CEO's net worth jumped around $10.5 billion Wednesday...

Guillotine Is Set Up Outside Home of Jeff Bezos

Demonstrators speak up after the Amazon CEO's wealth reportedly tops $200 billion

(Newser) - Over a hundred demonstrators gathered Thursday outside Jeff Bezos' mansion in Washington, DC, and assembled a guillotine at his front door, Business Insider reports. Led by a group called the Congress of Essential Workers, the protest was designed to oppose current employee wages at the company. It also came a...

The Rich(est) Keep Getting Richer
Elon Musk
Joins an Elite Club
Aug 27, 2020 1:08 PM CDT

Elon Musk Joins an Elite Club

He is now one of 4 'centibillionaires' on the planet

(Newser) - MacKenzie Scott may just become the world's richest woman after all . Her ex-husband, Amazon CEO Jeff Bezos, should be celebrating, too. Bezos' wealth topped $200 billion on Wednesday as shares in the e-commerce giant hit a record. As Bloomberg reports, the climb brings Scott "to the brink of...

A Big First for Amazon's Elite Executive 'S-Team'

Alicia Boler Davis is the first Black member of the prestigious group that advises Jeff Bezos

(Newser) - Amazon's prestigious "S-team" (short for "senior team"), a group of execs that advises CEO Jeff Bezos, just achieved a big first. Per Business Insider , three members have been added to the elite group, and one of them is Alicia Boler Davis, who joined the company last...

'Emperors of the New Economy' Grilled at Antitrust Hearing

'Simply put, they have too much power'

(Newser) - The CEOs of Amazon, Apple, Facebook, and Google were sworn in remotely Wednesday for a historic antitrust hearing before House lawmakers. Rep. David Cicilline, chairman of the House Judiciary antitrust subcommittee, used his opening statement to accuse the tech giants of damaging the economy through excessive dominance, the New York ...

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