Amazon CEO Jeff Bezos overtakes Bill Gates as world’s richest – Forbes

mazon.com Inc Chief Executive, Jeff Bezos, has unseated fellow tech billionaire Bill Gates as the richest person in the world.

He is said to be profiting from the e-commerce company’s meteoric stock rise to reach a fortune of $90.6 billion, Forbes reported.

Amazon shares jumped 1.6 per cent at the start of trading on Thursday, boosting the net worth of Bezos – the company’s founder and largest
shareholder – by $1.4 billion, according to Forbes, which tracks the world’s wealthiest.

The stock was up ahead of Amazon’s second-quarter earnings report Continue reading “Amazon CEO Jeff Bezos overtakes Bill Gates as world’s richest – Forbes”

Manchester United tops in Forbes football rich list

Manchester United [Photo: The Sun]

Europa League champions Manchester United have overtaken record UEFA Champions League winners, Real Madrid, as the world’s most valuable football club, going by statistics provided by business magazine Forbes.

Manchester United were valued at $3.69 billion (about £2.86 billion, about N1.476 trillion) and returned to the top of the annual list for the first time in five years.

Continue reading “Manchester United tops in Forbes football rich list”