American billionaires are selling stocks and not in small numbers at all. So what has happened in the past few days? Apollo Global Management’s Leon Black enacted his first-ever sale after 34 years shedding $172.8 million in his equity firm. Walmart’s Walton family sold $1.5billion in a week. In final two months of 2023, Mark … Read more
Updated Mar 6, 2024, 12:32pm EST Topline Amazon founder Jeff Bezos briefly surpassed Elon Musk as the richest person in the U.S. on Wednesday, though Musk reclaimed the title after just a few minutes, according to Forbes’ calculations, as Musk’s net worth takes a dramatic hit in the midst of Tesla’s stock market woes. American … Read more
Tesla CEO Elon Musk and noted diversity skeptic Ben Shapiro.Photo: Klaudia Radecka/NurPhoto via Getty Images (Getty Images) Tesla’s annual shareholder report is out. It includes a bunch of growing numbers: Almost $100 billion in revenue, more than 1.8 million cars delivered to customers, more than 140,000 employees. But one thing that isn’t increasing in size, … Read more
On average, 4.4 million new businesses launch every year, according to data from the US Census Bureau. Of those, 18% will fail within the first year, and 50% will fail by the fifth year, explains The Chamber of Commerce. Aspiring entrepreneurs imagine themselves being in the category of successful businesses who make it past year … Read more
Billionaire Jeff Bezos has famously been working on trying to reverse the aging process – and if the latest images of the Amazon tycoon are anything to go by, his efforts are paying off. The 59-year-old businessman, alongside his glamorous fiancée Lauren Sanchez 53, recently appeared in a Vogue photoshoot. The pair got engaged in May, after Jeff … Read more
Amazon founder Jeff Bezos is moving to the Sunshine State. In a sentimental Instagram post Thursday, which included old footage of the very first Amazon office located in Bezos’ former garage in the Seattle suburb of Bellevue, the billionaire said he’s moving to Miami. His reasons for relocating include a desire to be closer … Read more
Jeff Bezos’ Blue Origin and Sierra Space are navigating a potential end to the Orbital Reef space station partnership, according to three people who spoke to CNBC about the situation. Discussions are ongoing and CNBC sources described the situation as fluid. Shortly after unveiling the Orbital Reef project in 2021, Blue Origin won a $130 … Read more
On site at the 2023 edition of the World Satellite Business Week conference in Paris, France. Michael Sheetz | CNBC CNBC’s Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. CNBC’s Michael Sheetz reports and curates the latest news, investor updates and exclusive interviews on … Read more
Dave Limp, the Amazon.com Inc. executive who announced he’s leaving the company after almost 14 years, lives and breathes Alexa. He has joked his family are willing guinea pigs for his boldest ideas in the most “connected” home in America. His stepping down signals an unclear path for his beloved voice assistant technology which, eight … Read more
Jeff Bezos, the Amazon founder, and the world’s third richest man, has bought a $68 million mansion in Florida’s exclusive “Billionaire Bunker” enclave for his fiancee Lauren Sanchez, according to a report. Jeff Bezos and Lauren Sanchez celebrated their engagement with a $68 Million home in Florida(SplashNews.com) {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} The outlet reported that … Read more