America’s billionaires added $282 billion to their total wealth in 23 days during the coronavirus crisis, a report claims

Lindsey Wasson/Reuters US billionaires increased their collective wealth by $282 billion in just 23 days during the initial weeks of the coronavirus lockdown, a report from the Institute for Policy Studies claims. The Billionaire Bonanza report says that between March 18 and April 10 2020, billionaire wealth in the US increased 9.5%. During that same period, the report noted, 22 […]

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Jeff Bezos made billions by selling stock before Covid collapse

Millions of people across the world have lost their jobs, and trillions of dollars have been wiped off the value of stock markets. But, not everyone has lost out. Jeff Bezos, the world’s wealthiest person, is $5.5bn (£4.3bn) richer today than he was at the start of the year. His paper fortune, held mostly in Amazon shares, rose by $3.9bn […]

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Jeff Bezos Launches $10-bln Fund To Fight Climate Change

Jeff Bezos, who is considered as world’s richest man, has pledged $10 billion to help combat climate change. In a statement on Instagram Monday, the Amazon chief executive said he is thrilled to announce the launch of the Bezos Earth Fund for the purpose. It will finance “scientists, activists, NGOs — any effort that offers a real possibility to help […]

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UN Panel Sees Possible Role by Saudi Prince in Bezos Hack

United Nations experts said the Saudi Crown Prince Mohammed bin Salman was possibly involved in hacking the cellphone of Amazon.com Inc. Chief Executive Officer Jeff Bezos and have called for an investigation. Bezos’ phone was hacked following an exchange he had with the Saudi Prince on WhatsApp in 2018 that was infiltrated via an MP4 video file sent from the […]

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How Jeff Bezos Went to Hollywood and Lost Control

Jeff Bezos amassed the world’s greatest fortune by relying on what he has called a “regret minimization framework.” He built an $800 billion company with 14 codified principles and a brutally exacting culture. His annual salary of $81,840 has not budged since 1998. But then Mr. Bezos went to Hollywood. In the weeks since the Amazon founder tweeted that he […]

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Why Walmart Won’t Stop Selling the National Enquirer

A decade ago, the company that distributed magazines to Walmart Inc. and other big retailers tried to impose a surcharge of 7 cents a copy. Publishers such as Time Inc. and American Media Inc. fought back by halting shipments, resulting in a short period where checkout-counter racks were devoid of titles like AMI’s National Enquirer. Walmart received more customer complaints […]

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History’s 10 Most Culturally Significant Dick Pic Scandals

The AMI-Jeff Bezos scandal is set up to dominate headlines for a while. Who knows where it will lead? In the third world, an oligarch-president proxy war playing out in public like this usually presages a coup. If this were Thailand or Uruguay, bookies would already have odds on a Bezos-Mark-Zuckerberg-Sundar-Pichai junta being in power by May. This scandal will […]

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