Category: Business

Bill Gates Again Becomes The Richest Man After Jeff Bezos Hit Losses

Amazon founder and CEO Jeff Bezos is no longer the riches man on the earth. He lost the title of being the wealthiest person of the world to Microsoft co-founder Bill Gates whose current worth is $105.7 billion.

Big loss to Amazon and Jeff Bezos

On Thursday, Amazon reported 7% fall in its shares after the after-hours trading. It cost Jeff Bezos $103.9 billion and his title of the richest man on the earth. He earlier broke the 24-year run of Bill Gates for the top position in 2018 when he was declared as the first man with a net worth of $160 billion. 

According to Forbes, Amazon reported a 26% drop in net income in its third-quarter results. But it was its first profit decline since 2017. Amazon shares dropped to $1,624 per share that is nearly 9% drop in after-hours trading.

It was in 1997 when for the first time Jeff Bezos entered The Forbes 400 list of wealthiest Americans. It happened a year after Amazon went public. At that time, its net worth was $1.6 billion. 

Bill Gates entered the Forbes’ list … Read the rest

real-estate

Top 10 Real Estate Firms In India

The Indian real estate market has huge potential to grow. There are many places that are yet to be fully developed and there are many real estate companies involved in the development work.

Here’re the top 10 real estate development firms credited for developing malls, shopping centers, upscale residential areas and the Smart Cities in India.

1.DLF

With presence in over 24 major cities including Delhi NCR, DLF tops the list of real estate companies in India. It has been in the construction business for over 70 years.But it is known for bringing a positive shift in the Indian retail sector – developing malls and retail space.

2. Unitech

Unitech is associated with making luxurious projects across the length and breadth of the country. This company has diversified operation in the real estate industry but recently it got strict reprimand from the Supreme Court for failing deliver a high-end residential project Burgandy in the NCR.

3. Supertech

Supertech has been ruling the real estate sector from 25 years with designer homes like “Supernova” designed by Armani/Casa. With a strong … Read the rest