Thursday 27 July 2017

News Digest: Amazon founder Jeff Bezos overtakes Bill Gates as the world's richest man

THE TIMES OF INDIA
Friday, July 28, 2017
Today's Headlines

Amazon founder Jeff Bezos overtakes Bill Gates as the world's richest man
Jeff Bezos, the CEO of the world’s largest online retailer Amazon, has surpassed Microsoft co-founder Bill Gates as the world’s richest man. According to a report by Bloomberg website, a sharp spike in Amazon’s share prices ahead of the company’s earnings report resulted in Bezos’s net worth rising to an astounding $90.9 billion. In comparison, Bill Gates’s net worth currently stands at $90.7 billion, just a little behind that of Jeff Bezos.

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Samsung appears set to replace Apple as the world's most-profitable technology company
The firm said huge sales of its new Galaxy S8 smartphone and demand for its memory chips were behind the jump in April-June and predicted another blockbuster report for the current quarter to September.

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