Jeff Bezos’ Net Worth Reaches $200 Billion

Jeff Bezos, the founder and CEO of Amazon and owner of The Washington Post, solidified his status as the world’s wealthiest man after his net worth reached the $200 billion mark, according to the Daily Caller.

Bezos reached the astounding milestone on Wednesday, with the Caller noting that he is not alone in expanding his wealth during the coronavirus pandemic and lockdown, which has significantly increased business for Amazon due to the rise in online shopping. Two other prominent CEOs who saw their net worths reach significant landmarks are Facebook CEO Mark Zuckerberg and Tesla CEO Elon Musk, who both reached $100 billion.

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Zuckerberg Was the Only Tech CEO to Unequivocally Say China Is Stealing American Technology

Facebook CEO Mark Zuckerberg was the only tech executive at Wednesday’s antitrust hearing who unequivocally said China is stealing technology from American companies.

“I think it’s well documented that the Chinese government steals technology from American companies,” the 36-year-old Silicon Valley executive said after Rep. Greg Steube asked him if China is stealing from U.S. technology companies. The Florida Republican posed the same question to CEOs Tim Cook of Apple, Jeff Bezos of Amazon, and Sundar Pichai of Google.

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Spotlight on Four Big Tech CEOs Testifying in Competition Probe

They command corporations with gold-plated brands, millions or even billions of customers, and a combined value greater than the entire German economy. One of them is the world’s richest individual; another is the fourth-ranked billionaire. Their industry has transformed society, linked people around the globe, mined and commercialized users’ personal data, and infuriated critics on both the left and right over speech.

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Bezos Could Become World’s First Trillionaire as Amazon Rakes in Cash During Pandemic, Research Shows

Amazon CEO Jeff Bezos is expected to ride the wave of business his company is collecting during the coronavirus pandemic to become the world’s first trillionaire, research shows.

Bezos’s net worth has grown by 34% on average over the past half decade, which could make him a trillionaire, according to an analysis from Comparisun, a platform that helps companies create business management tools. Along with creating marketing tools, the company also conducts studies forecasting what will happen in the business sector, Comparisun’s website noted.

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Omar and Bernie Ask Bezos for Answers About Amazon’s Efforts to Slow COVID-19 Spread

Sen. Bernie Sanders (I-VT) and Rep. Ilhan Omar (D-MN-05) sent a letter Friday to Amazon CEO Jeff Bezos asking for “detailed information” about his plans to protect warehouse workers from the coronavirus.

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Commentary: Bernie Sanders, Not Jeff Bezos, Is the Face of Greed

Until Bernie Sanders was elected mayor of Burlington, Vermont, in 1981, he had never held a steady job. Almost 40, he had been “virtually unemployed” his entire adult life. Those who knew Sanders before he was elected mayor say “he was always poor” and lived “just one step above hand to mouth.”

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Commentary: Why a ‘Billionaire’ Wealth Tax Would Hurt the Working Poor and the Middle Class

Vermont Senator Bernie Sanders wants to tax billionaires out of existence, or at least make them an endangered species. His proposed wealth tax of up to 8 percent per year would mean “the wealth of billionaires would be cut in half over 15 years,” he says.

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After 10 Years, Amazon Is Pulling the Plug on Its Business Operations in China

Amazon Fulfillment

by Saibal Dasgupta   Amazon says it is curtailing business operations in China, the world’s biggest retail market, after struggling against better entrenched local players for more than a decade. The company announced recently that as of July 18, it will no longer provide services through its Chinese website, Amazon.cn. The…

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Amazon Still Gives Southern Poverty Law Center Veto Power Over Charity Program

by Peter Hasson   The Southern Poverty Law Center’s ongoing crisis hasn’t cost the left-wing nonprofit its privileged status with Amazon, which gives the SPLC broad authority to determine which charities and nonprofits can participate in its AmazonSmile charity program. The SPLC has lost three top figures — including both…

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Gone in a New York Minute: How the Amazon Deal Fell Apart

In early November, word began to leak that Amazon was serious about choosing New York to build a giant new campus. The city was eager to lure the company and its thousands of high-paying tech jobs, offering billions in tax incentives and lighting the Empire State Building in Amazon orange.…

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Amazon May Bail on New York Headquarters After Locals Rail Against It

by Tim Pearce   Amazon is reportedly rethinking its promise to build a headquarters in New York City after receiving pushback from local officials and residents, sources told The Washington Post. New York Gov. Andrew M. Cuomo and NYC Mayor Bill de Blasio, both Democrats, are pushing for the Amazon…

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Congress Members Call for Investigation Into Pentagon’s Handling of Controversial $10 Billion Cloud Contract

by Andrew Kerr   Two members of the House Appropriations Committee requested an investigation Monday into the Pentagon’s handling of its $10 billion winner-take-all cloud computing contract following widespread criticism that the deal has been rigged from the start to favor Amazon. Amazon Web Services is the only cloud computing…

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Bernie Sanders’ Misguided ‘Stop BEZOS’ Bill Would Backfire on Workers

by Amanda Snell and David Kreutzer   No single company gets perhaps as much attention in the news as Amazon. The online retailing giant has surpassed $1 trillion in market value and is now searching for a city to place its second headquarters. Amazon has done enormous good in making Americans’…

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Why Amazon Associates Removed Legal Insurrection From Its Program

Amazon Fulfillment

by Kyle Perisic   Amazon dropped the conservative news and law publication Legal Insurrection from its profit sharing associate program, the publication announced Wednesday. The reason behind why Legal Insurrection was terminated from the associates program raises unanswered questions about Legal Insurrection’s supposed violations of an agreement with Amazon, including…

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