Share to Twitter Share to Linkedin On Wednesday evening, hours after the stock markets had closed, Amazon founder and Chief Executive Jeff Bezos filed paperwork with the Securities and Exchange Commission that showed he had sold $1.8 billion worth of Amazon shares over the final three days of July. After taxes, he will net about $1.4 billion. Bezos sold slightly more than 900,000 shares of Amazon between July 29 and July 31, when the e-commerce behemoth’s stock price was around $1,900 a share. He still retains his title of world’s richest person, now with a net worth that Forbes calculates at $116 billion, using Wednesday’s closing share price for Amazon. Of that, about $108 billion comes from the shares of Amazon he owns. The new filings also show that Bezos has given his ex-wife, MacKenzie, 25% of his Amazon stake, or 19.7 million shares. Jeff Bezos will continue to exercise voting control over the shares of Amazon he transferred to his wife, according … [Read more...] about Jeff Bezos Sells About $1.8 Billion Worth of Amazon Shares in Three Days
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New Jeff Bezos Movie Reminds Entrepreneurs of 3 Key Lessons When First Starting Out
There's a new Jeff Bezos biopic set to be released this summer that chronicles the Amazon kingpin's endeavor to create an online book store that eventually expanded into an e-commerce empire. Curious entrepreneurs may want to tune in if interested in a small taste of Amazon's beginnings . The biopic, dubbed Bezos , attempts to map out the early days of Amazon by following the challenges faced by the entrepreneur, played by Armando Gutierrez, in the aftermath of quitting his job at the New York-based fund D.E. Shaw. Viewers are reminded of the pain points that any young startup founder may face: access to capital, work/life balance, and poor compensation. A media representative for the film says that Bezos is based on Zero to Hero , written by Tashena Ebanks, which "was created for young readers to inspire them regarding entrepreneurship." While Bezos is most certainly not an Academy Awards contender, it does offer lessons for emerging entrepreneurs. Here … [Read more...] about New Jeff Bezos Movie Reminds Entrepreneurs of 3 Key Lessons When First Starting Out
The World’s 100 Most Powerful Women: Redefining The Face Of Power In 2021
Share to Twitter Share to Linkedin The thing that immediately jumps out on this year’s list of the World’s 100 Most Powerful Women is who is now at the top — and who is not. Serving an astonishing 16 years at the helm of Europe’s most powerful economy, German chancellor Angela Merkel has long reigned supreme on Forbes’ list. As her tenure draws to a close, does her departure represent a glaring void or bring into sharp relief the changing nature of power itself? The answer is both. As women around the world continue to disproportionately bear the pandemic’s burden and rise to the challenge of steering us toward recovery, one trend that this year has accelerated and intensified: power now extends beyond traditional titles and can be exercised effectively and impactfully in unconventional ways. Now more than ever, our annual ranking reflects that. New Faces Of Power So who is #1 this year? Taking the top spot is MacKenzie Scott , who … [Read more...] about The World’s 100 Most Powerful Women: Redefining The Face Of Power In 2021
They Inherited Billions Upon Billions: Meet America’s Richest Heirs
One of them, Rob Walton, just led a family group to bid $4.65 billion for the Denver Broncos NFL team. Here are the other heirs that rank the highest on Forbes’ list. A shock ran through the sporting world last week when a group led by Walmart heir Rob Walton won the bidding war for the Denver Broncos NFL team with a $4.65 billion offer . The eye-popping sum made the deal the most expensive sports team purchase in history and turned a spotlight on the man at the center of it all: the typically low-profile Walton. The eldest son of Walmart founder Sam Walton, he inherited his fortune and served as Walmart’s chairman for 23 years. Now worth $57.2 billion, he is the 15th richest person in America and the fifth richest U.S. heir. A handful of Rob Walton’s relatives are among America’s richest people as well. Founded in 1962 by Sam and his brother James “Bud” Walton, Walmart, the country’s largest retailer, is still about half owned by members of the family. Seven have … [Read more...] about They Inherited Billions Upon Billions: Meet America’s Richest Heirs