Billionaire, Jeff Bezos settles divorce with wife, MacKenzie, giving her $32billion of his Amazon shares

World’s richest living man, Jeff Bezos and his wife, MacKenzie have officially ended their 25 years marriage after settling their divorce.

Jeff, 55, will keep 75 percent of their Amazon stocks, leaving MacKenzie, 48, with just a quarter which represents a four percent stake in the company worth around $32billion at current value.

According to Daily Mail, Jeff’s 12 percent stake is now worth around $100billion which allows him to retain his title as the richest man in the world because he still has $4billion more than Bill Gates. He will also take voting control of her remaining quarter and has been given her stock in The Washington Post and Blue Origin.

The pair announced the details in tweets on Thursday afternoon. But there was no mention of how they will divide their sprawling property portfolio or other investments and why they did not divide them equally.

In their tweets, the estranged partners said they were ‘grateful’ after finishing the process of their divorce.

Back in January, it was claimed Jeff Bezos’ affair with TV host Lauren Sanchez led to his divorce from wife of 25 years. Lauren is also in the process of divorcing her Hollywood agent, husband Patrick Whitesell.

Amazon founder, Jeff Bezos named world’s richest man (Read More)

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The Forbes magazine has named the Amazon founder and chief executive, Jeff Bezos, as the world’s richest man with 112bn dollar fortune.

Bezos replaced the Microsoft co-founder, Bill Gates, who fell back into second place with 90bn dollars.
Forbes calculated that Bezos’s fortune, which is mostly held in Amazon shares, increased by 39.2bn dollars over the past year.
The biggest ever one-year gain. Amazon’s shares have nearly doubled from 846 dollars a share last March to 1,523 dollars per share last night.

Gates, who had topped the Forbes billionaires list for 18 of the last 24 years, saw his fortune rose modestly from 86bn to 90bn dollars.
Collectively, the world’s 2,208 billionaires hold 9.1tn dollars more than three times the gross domestic product (GDP) of the UK.
The billionaires increased their combined wealth by 1.4bn dollars over the past year.

The list is published in Forbes’s latest edition under the headline “The super-rich continue to get richer, widening the gap between them and everyone else”.
Twelve out of the top 15 richest people are from the US, with investor Warren Buffett in third place (with $84bn) and Facebook’s Mark Zuckerberg in fifth ($71bn).

France’s Bernard Arnault of luxury goods group LVMH is the richest person from outside of the US with a $72bn fortune.
The number of women on the list increased from 227 to 256. A record 72 of the women made their own fortunes.
The world’s richest self-made woman is Hong Kong’s Zhou Qunfei, founder of smartphone screen maker Lens Technology.

The Forbes’ billionaires list is based on share prices and other financial data on 9 February 2018.
The magazine also noted that the U.S president Donald Trump’s fortune had fallen for the second year running in annual ranking of the world’s wealthiest people.
It said that Trump’s net worth had fallen by $400m (£287m) to $3.1bn over the past year.

“ It means the president has slipped more than 200 places in the billionaire rankings from 544th richest last year to 766th this year,’’ it said.
The magazine attributed Trump’s decline in wealth to “a tough New York real estate market, particularly for retail locations; a costly lawsuit and an expensive presidential campaign”.

Trump reached a 25m dollar settlement in a legal dispute about claims that his Trump University real estate courses allegedly defrauded students.
Trump fared better in Forbes’s ranking than in Bloomberg’s billionaires list, which put his net worth at 2.86bn dollars.
Forbes said a record 35 people have joined the list of the world’s billionaires, with the magazine calculating there are now 2,208 people with a net worth of more than 1bn dollars.

Today.ng

The GOP tax bill could add billions to Amazon, Facebook and Google’s bottom lines

Amazon, Google and Facebook will save a combined $4.5 billion on taxes thank to the GOP tax bill, according to Cowen.

Cowen estimates that Amazon, Google and Facebook will save a combined $4.5 billion on taxes in 2018 thanks to the GOP tax bill.
They should also benefit from the bill's capex expensing provision.
The GOP tax bill » has long been expected to boost corporate profits. Now we know just how much the biggest tech companies in the US stand to save — and what that could mean for their bottom lines.

Google » will save $2.28 billion in 2018, while Facebook » will see $1.56 billion in savings and
Amazon » will enjoy a $723 million break, according to estimates from Cowen senior research analyst John Blackledge.

The firm forecasts those savings will translate to big earnings-per-share (EPS) boosts for each company, with Amazon the big winner, boasting an expected upside of 24%. Google and Facebook will both get an EPS bump of 8%, Cowen said.

For context, the Cowen's analysis is based on three assumptions: (1) the US corporate tax rate goes to 22% from 35% on January 1, 2018, (2) there are no changes to international taxes, and (3) there's no impact from other aspects of the tax bill.
But the good news for the mega-cap tech triumvirate doesn't end there.

Cowen sees Google, Facebook and Amazon also benefiting from the proposed capital expenditure expensing provision in the GOP tax bill. The firm estimates that the companies will spend a combined $234 billion on capex from 2018 to 2022, noting that Facebook has said it plans to double reinvestment in 2018.

So there you have it — three of the hottest tech firms in the US look poised to keep adding to their dominance, all thanks to the GOP tax bill. Bet against them at your own peril.

Business Insider

Again Jeff Bezos now richest man, replaces Bill Gates

Amazon Chief Executive Officers, CEO, Jeff Bezos is now the richest person in the world for the second time. Amazon stock opened up more than 8%higher than Thursday’s close, adding nearly $7 billion to Bezos’ net worth overnight.

According Forbes, Bezos had a net worth of $89.7 billion, as of the start of trading on Friday. Bill Gates has a net worth of $90.1 billion, up $550 million from yesterday. Then by 10:15 a.m. by Friday, Amazon stock had climbed nearly 2% since the market opened, adding $900 million to Bezos’ net worth and putting him in the No. 1 spot with a net worth of $90.6 billion versus Gates’ $90.1 billion at that time.

Amazon stock surged in after-hours trading on Thursday after the company reported strong third quarter earnings. Amazon reported $43.7 billion in revenue, well above the $42.1 billion analysts expected.

Bezos became the richest person in the world for the first time three months ago as Amazon stock hit an all-time high on July 27, just before Amazon reported its second quarter earnings.

But Bezos’ first time at the top of Forbes’ Real-Time Billionaires List only lasted a few hours. Bezos first joined the Forbes 400 in 1998, one year after Amazon went public, with a net worth of $1.6 billion.

Founder of Amazon, Jeff Bezos now the Richest Person in the World

There is a new name at the top of the world wealth league. The founder of Amazon has overtaken Microsoft’s Bill Gates to claim the title of world’s richest person. Jeff Bezos leapfrogged Gates, who has been the richest man on the planet since 2013, after a rise in the share price of Amazon ahead of its latest results due later on Thursday.

According to a real-time billionaires index compiled by Forbes, the rise pushed the value of Bezos’s fortune to $91bn (£69bn) – compared with Gates’ wealth of $90bn. Their riches are calculated on the share prices of their respective companies and at the current values, Bezos’s stake is twice as big as the carmarker Ford.

Bezos – born in 1964 in Albuquerque, New Mexico – keeps a relatively low profile, but has used some of the wealth he has amassed to buy the Washington Post and invest in space travel through Blue Origin, a company he founded in 2000.He founded Amazon in 1994 when he sold books from his garage in Seattle before expanding into a huge range of other products and capturing the global rush to shop online. Amazon now accounts for 43% of everything sold online in the US and 64 million people have signed up for its Prime service, which gives access to free deliveriesand video streaming.

Amazon shares have soared this year, making the company worth more than $500bn and boosting Bezos’s wealth as he owns 17% of the company. He also has a number of other investments, including in Google, Uber, Twitter and Airbnb, worth more than $5bn.At the start of 2017, Bezos was ranked fourth-richest in the world, behind Gates, the investor Warren Buffett and Amancio Ortega, who founded Inditex, the company behindretailer Zara.