This Is How Jeff Bezos Became The Richest Man In The World
His fortune, which increased by several tens of billions of dollars the day before, exceeds the GDP of a number of countries.
Technical failures during a day of sales on Amazon.com did not stop Jeff Bezos from going down in history as a man whose fortune has reached unprecedented proportions. The founder of Amazon and Blue Origin has financial assets equivalent to $ 150 billion. At the same time, since the beginning of 2018, Bezos has become one and a half times richer. This was facilitated by the sharp rise in Amazon shares. They went up 56 percent in price.
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Thus, Bezos managed to break Bill Gates’ record set in 1999. Then his fortune, in terms of today, reached approximately $ 149 billion. Now the head of Microsoft is on the second line, and the investor Warren Buffett closes the top three. As the agency Bloomberg emphasizes, Jeff Bezos has become richer than anyone on Earth in recent history – that is, since 1982, when the corresponding rating was first published by Forbes magazine. His fortune exceeds the GDP of many countries in the world..
Meanwhile, retail giant Walmart has announced a strategic cloud partnership with Microsoft. Thus, Walmart is looking for ways to protect its networks from Amazon’s ambitions and increase its online presence. The collaboration is expected to last at least five years, and during this time Walmart will actively use Microsoft cloud solutions..
The main task is to simplify and speed up the shopping process. According to the agreements, the engineers of the two companies will work more actively together to move significant parts of Walmart and Sam’s Club online stores to the clouds..
On the Internet, Walmart is doing worse than its competitor: According to SimilarWeb, Amazon.com is the fourth most popular site in the US, while Walmart.com is only twentieth..
WH Ireland chief strategist Mike Ingram believes Walmart executives are seeing Amazon infringing on their place. “They have a noticeable lack of investment in IT and technology. So this five-year strategic partnership with Microsoft makes sense, ”says Ingram..
During the biggest sale of the year, Prime Day, Amazon customers found it difficult to pay for their purchases. Amazon Web Services customers also experienced problems for several hours.