Jeff Bezos

MacKenzie Scott Divorces

MacKenzie Scott Divorces Dan Jewett After Divorcing Jeff Bezos

MacKenzie Scott, the ex-wife of Jeff Bezos and one of one of the most influential philanthropists, is seeking divorce a second time. She first divorced in 2019 from her first husband and Amazon.com Inc. founder Jeff Bezos.

HIGHLIGHTS

• MacKenzie Scott and Dan Jewett have filed for divorce in Washington
• Scott married Jewett, a science teacher, after her divorce from Jeff Bezos
• They have a separation contract in their petition

What Is The Net Worth Of MacKenzie Scott?

According to the Bloomberg Billionaires Index, Scott’s worth is $28.9 billion. But she inherited a $36 billion fortune after her split from Bezos which translates into a 4% stake in Amazon. The 52-year philanthropist donated more than $12 billion after taking a pledge to give a majority of her money to philanthropy work in 2019.

What Pledge Did Scott For Philanthropy Work?

Scott announced her marriage to Dan Jewett last year via her page the Giving Pledge. Also, they pledged that they would give away the majority of their money in their lifetimes or their wills. Jewett penned a separate note and the couple was featured at the top of the page.

What Is Written In Their Divorce Petition?

MacKenzie Scott Divorces

Their … Read the rest

The Rings Of Power

Amazon Releases “The Rings Of Power” To Win The Streaming Wars

The Rings of Power started on Amazon Prime is a 50-hour television is a big gamble but it is central to Amazon’s bid to stand out in the streaming, especially with HBO Max whose own “Game of Thrones” prequel has just been launched. But it is a big gamble for Amazon.

HIGHLIGHTS

• The Rings of Power characters are barely referenced in Tolkien’s trilogy
• The web series is funded by Jeff Bezos himself a fan of Tolkien
• Set in Tolkien’s “Second Age”, the story has characters largely unknown to creators

Why The Rings Of Power Is Called Amazon’s Gamble?

The show blindly follows the popularity of the books still voted the world’s best novels of all time and Peter Jackson’s Oscar-winning film adaptations. But populated by characters who are barely referenced in Tolkien’s trilogy, there is no doubting the scale of the gamble.

What Are The New Characters In The Rings Of Power?

The Rings Of Power

Princess Disa is the first female and first Black dwarf depicted on screen in Tolkien’s world. Sophia Nomvete who is playing the character said that it was quite nerve-wracking.

The young Isildur or the tragic hero, struggling with the death of his mother, overbearing pressure … Read the rest

Mark-Zuckerberg-Follow-Jeff-Bezos

Will Mark Zuckerberg Follow Jeff Bezos? Know What Experts Have To Say

With Jeff Bezos stepping down as CEO of Amazon, Mark Zuckerberg becomes the last man standing, who founded Facebook and still owns the business empire. And experts link Jeff Bezos’ resignation to other high-profile resignations of Silicone Valley.

Jeff Bezos’ journey till resignation

What started as an online bookstore turned into the world’s largest marketplace for third party sellers. Jeff Bezos, the proud founder and owner of the tech giant Amazon, shot off his resignation to make way for others. He also owns The Washington Post. He has been at the helm of affairs for 27 years and he knows that his capable team will manage the job with perfection for another decade.

Mark-Zuckerberg-Follow-Jeff-Bezos

Other high-profile resignations of Silicone Valley

Bill Gates stepped down as Microsoft CEO in 2000 and further reduced his day-to-day role in the company eight years later.

Tim Cook took over the reins of Apple in 2011 after its founder Steve Jobs passed away.

Google founders Larry Page and Sergey Brin resigned from CEO and President of Alphabet in 2019 and appointed Sundar Pichai as the company CEO.

Would Mark Zuckerberg resign from Facebook?

Experts have different opinion about Zuckerberg’s future but … Read the rest

Jeff Bezos, founder of Amazon, attends a company event in New Delhi

Jeff Bezos Announced $1 Billion Investment In India By Amazon

Amazon chief JeffBezos announced $1 billion (£770m) investment in India. He said that the investment would be used to digitalize small and medium businesses. It would help the businesses to operate and sell their products online.

Jeff Bezos in India

He was in New Delhi to attend a company event where he said that the 21st Century was going to be the Indian century. He was on his three-day visit to India. While addressing the audience at the event, he said that democracy had dynamism, energy and growth.

Mr. Bezos said that Amazon would export goods worth $10 billion from India by 2025. Also, he underlined that the online retail giant had already committed its $5.5 billion investment in the country.

Jeff Bezos met with protests

Thousands of small traders from 300 cities registered their protest against Amazon that they alleged to have a negative impact on their businesses in the local market. They said that the retail giant was driving them out of market by offering lucrative discount offers and promoting a few big sellers on his platform.

Ecommerce market in India

India’s ecommerce market is presently dominated by Amazon and Flipkart that is owned by US retail giant … Read the rest

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 in 1987 with the net worth of $1.25 billion. But he lost the title be … Read the rest