Jeff Bezos

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Trump's Criticism of Amazon Is Taking a Toll

President complains about Bezos' company, and its stock suffers

(Newser) - Amazon's stock is tumbling—it slid 4% on Wednesday, which translates to a loss of $53 billion, reports Gizmodo —and the slide was continuing on Thursday. The reason? It seems to be a prominent critic who just happens to be president. "I have stated my concerns with...

Trump Still a Multi-Billionaire, but His Ranking Tumbles

He falls to No. 766 in newest ranking by 'Forbes'

(Newser) - President Trump probably won't be happy to see Forbes ' 2018 ranking of the world's richest people—he has fallen from No. 544 to No. 766. The list pegs Trump's fortune at $3.1 billion, $400 million less than in 2017. Forbes notes that New York City'...

An Extraordinary Clock Is Being Built in Texas

Jeff Bezos ponied up the land for the 10K-year clock

(Newser) - The clock has been in the works for three decades—essentially a blink of the eye in the grand scheme of things. That's because the timepiece, dreamed up by Danny Hillis in 1989, per CNBC , is designed to run for 10,000 years without any human intervention. Hillis'...

3 Corporate Giants to Go After the 'Hungry Tapeworm'

Amazon, JPMorgan, Berkshire Hathaway will team up on health care

(Newser) - "The ballooning costs of health care act as a hungry tapeworm on the American economy," says Berkshire Hathaway CEO Warren Buffett, and he has teamed up with some equally huge names in an attempt to go after said tapeworm. Amazon.com, Berkshire Hathaway, and JPMorgan Chase on Tuesday...

Seattle Has a New Landmark
Seattle Has a New Landmark
Jan 29, 2018 4:37 PM CST

Seattle Has a New Landmark

Jeff Bezos opens 'Spheres' conservatory for Amazon.com

(Newser) - Amazon.com boss Jeff Bezos has inaugurated his striking rainforest conservatory built of glass and white steel in downtown Seattle. "The Spheres" domed structure that opened Monday is the newest headquarters building for the online retail behemoth, per the AP . Bezos and his wife, MacKenzie, were on hand to...

$33M Bezos Donation Will Send 1K Dreamers to College

Amazon CEO, wife make largest-ever donation to TheDream.US

(Newser) - On Thursday, the White House rejected a bipartisan deal to protect Dreamers—quickly overshadowed by the racist statement allegedly made by President Trump. On Friday, Jeff and MacKenzie Bezos announced a $33 million donation to provide 1,000 scholarships to DACA youth, the Wall Street Journal reports. According to the...

Time Names Short List for Person of the Year

Trump, Kim Jong Un, Patty Jenkins, and Jeff Bezos are among those in the final 10

(Newser) - President Trump? Kim Jong Un? Or perhaps Wonder Woman director Patty Jenkins? All three are on the short list to be Time magazine's Person of the Year. The magazine released a list of 10 names on the Today show Monday morning, in advance of the final pick Wednesday morning....

Net Worth of Jeff Bezos Now Has 11 Zeroes

Bloomberg says he's cracked $100B

(Newser) - Jeff Bezos, of course, gained entry to the billionaires' club years ago. This week, however, Bloomberg reports that the founder and CEO of Amazon reached a far higher echelon: the club of those worth $100 billion. In fact, at the moment, the 53-year-old Bezos is in that club all by...

Meet Earth&#39;s Top Power Couples
Meet Earth's Top
Power Couples
Nov 12, 2017 1:15 PM CST

Meet Earth's Top Power Couples

Why, yes, it is heavy on pretty and geeky people with money

(Newser) - You might think you and your partner make a super couple, but chances are you didn't make Time's list of the world's most elite power couples. Hailing from the fields of entertainment, politics, and predictably, technology, Time runs down the couples it deems most powerful who are...

To Woo Amazon, One City Bought 1K of Its Products

Kansas City, Mo., isn't the only location that's trying hard

(Newser) - America's cities are so eager to land Amazon's second headquarters that they're going to some unusual extremes in the hopes of securing what is said to be a $5 billion investment and 50,000 new jobs. Moody's Analytics ranked what it sees as the likeliest candidates,...

Battle to Host Amazon's New HQ Gets Prickly

Tucson's 'really cool' cactus gift is rejected

(Newser) - Amazon has rejected the 21-foot saguaro cactus that southern Arizona economic leaders planned to send as a gift to CEO Jeff Bezos, in a bid to attract the company's second headquarters. "Unfortunately we can't accept gifts (even really cool ones)," an Amazon tweet read. Amazon says...

7 Numbers That Explain Amazon's Big HQ News

HQ2 is coming ... somewhere

(Newser) - Amazon on Thursday announced plans for HQ2, a second headquarters to be built in North America as "a full equal to our Seattle headquarters," said Jeff Bezos in a statement . The company has invited interested host cities to submit a proposal , with the application saying the final site...

The Earth Has a New &#39;Richest Person&#39;
The Earth Has a New
'Richest Person'
Jul 27, 2017 10:45 AM CDT

The Earth Has a New 'Richest Person'

With a net worth of $90.9 billion, Jeff Bezos just surpassed Bill Gates

(Newser) - A strong morning for shares of Amazon has resulted in bragging rights for CEO Jeff Bezos: He is now the richest person on the planet. Bezos' net worth climbed to $90.9 billion about 10am EDT Thursday, putting him ahead of Gates at $90.7 billion, per Bloomberg . It's...

The Future of Organics Could Be Up to Amazon
Love Whole Foods' Organics?
How Amazon Could Alter Them
the rundown
Jun 30, 2017 11:50 AM CDT

Love Whole Foods' Organics? How Amazon Could Alter Them

One view: Small farms could be hurt, and standards weakened

(Newser) - Amazon rocked the grocery world this month with its plan to buy Whole Foods . While the deal has not been approved yet, it's still generating all kinds of commentary on what it would mean for supermarkets and consumers. At the Washington Post , however, Caitlin Dewey assesses the "big...

Amazon CEO Jeff Bezos' Big Idea Was Bananas

Tech giant gives away thousands of free bananas every day

(Newser) - There's always money in the banana stand . Unless you're Amazon, of course. Then you just give those suckers out for free. The tech giant tells the Wall Street Journal it gives away about 8,000 bananas to employees and hungry passersby every weekday from two stands at its...

Jeff Bezos&#39; Magic Number Is $990
Jeff Bezos'
Magic Number
Is $990
Apr 28, 2017 10:14 AM CDT

Jeff Bezos' Magic Number Is $990

If Amazon shares hit that, and they're close, he'll be world's richest

(Newser) - The world's No. 2 richest man took a big step toward the No. 1 slot Thursday. With Amazon shares reaching as high as $965 in after-hours trading (up nearly $50 from the close) on the news that sales may beat estimates for the quarter, Jeff Bezos' fortune was set...

There's Now Only One Person Richer Than Jeff Bezos

He shut down rival's firm, gained $1.5B on same day

(Newser) - Amazon.com founder Jeff Bezos made a fortune on top of his existing fortune Wednesday and finished the day as the second-richest person on the planet. His company's share price surged $9 billion after its purchase of Middle Eastern e-commerce site Souq, adding $1.5 billion to Bezos' personal...

Fortune Names World&#39;s 10 Best Leaders
Fortune Names
World's 10
Best Leaders
Mar 23, 2017 11:29 AM CDT

Fortune Names World's 10 Best Leaders

Theo Epstein, Jack Ma top the list

(Newser) - The world's greatest leaders aren't necessarily heading countries. Indeed, the greatest leader is US politics is an Army general, according to Fortune 's fourth annual list of the world's 50 greatest leaders. However, each individual on the list—43 of whom appear for the first time—...

Jeff Bezos Buys Ex-Museum to Remodel Into Huge DC Home

Neighbors will include Obamas and Trumps

(Newser) - To get a bigger house in Washington, Jeff Bezos would have to be elected president. The Amazon founder is the anonymous buyer who paid $23 million for the former Textile Museum in Washington, DC, in October last year, and he plans to turn it into the city's largest private...

World's Richest Band Together, Launch $1B Fund

Bill Gates is leading clean energy technology venture

(Newser) - Bill Gates has lined up more than a dozen of his fellow billionaires to go where many investors now fear to tread: cleaner energy technologies. Gates announced Sunday night that he's leading the Breakthrough Energy Ventures fund, which plans to invest up to $1 billion in technology that could...

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