It won’t be long before Jeff Bezos returns to rescue Amazon

It won’t be long before Jeff Bezos returns to rescue Amazon

Nobody gets to be one of the world’s richest men by tolerating failure. If Amazon doesn’t turn things around quickly,Jeff Bezos will make a dramatic comeback.

  • byMatthew Lynn

Latest

ASX set for sharp fall as tech stocks sink Wall Street

ASX set for sharp fall as tech stocks sink Wall Street

More than $US10b has been wiped from the fortune of Amazon founder Jeff Bezos as shares in the tech giant tumbled more than 14 per cent.

  • byDamian J. Troise andAlex Veiga
Indian tycoon Adani Joins Musk,Bezos in exclusive $100b club

Indian tycoon Adani Joins Musk,Bezos in exclusive $100b club

Gautam Adani,whose empire includes ports,mines and green energy,is the latest whose fortune reached more than the $US100 billion mark.

  • byCecile Vannucci
Why Joe Biden’s ‘billionaire tax’ is doomed to fail

Why Joe Biden’s ‘billionaire tax’ is doomed to fail

Joe Biden’s “Hail Mary” bid to revive his stalling presidency faces a lot of obstacles.

  • byTom Rees
The world’s richest people are going nuclear

The world’s richest people are going nuclear

It has been a historically polarising energy source but the likes of Elon Musk,Bill Gates and Jeff Bezos are throwing their considerable weight behind nuclear power.

  • byLizette Chapman
MacKenzie Scott announces more than $5 billion in donations

MacKenzie Scott announces more than $5 billion in donations

The announcement brings Scott’s publicly disclosed donations to more than $US12 billion since she pledged in 2019 to give away the majority of her wealth.

  • byPaulina Cachero andSophie Alexander
Advertisement
Meet Amazon’s Mr Alexa,the man who lives in the future

Meet Amazon’s Mr Alexa,the man who lives in the future

One of the perks of Dave Limp’s job is that he lives in a world the rest of us won’t inhabit for years:the head of Amazon’s gadgets division is also the company’s chief guinea pig.

  • byJames Titcomb
The ‘First Wives of Tech’ are getting their revenge

The ‘First Wives of Tech’ are getting their revenge

As the First Wives find themselves single in middle-age,what’s most interesting is what they do with their billions. In almost all cases,they’ve decided to give their money away.

  • byTara Smith andGuy Kelly
Historic Dutch bridge to make way for Jeff Bezos’ new superyacht

Historic Dutch bridge to make way for Jeff Bezos’ new superyacht

The city of Rotterdam has agreed to remove a section of a historic bridge in the Netherlands to make way for a superyacht,reportedly built for the Amazon boss.

  • byReuters
Amazon shares jump as cloud success makes up for supply chain woes

Amazon shares jump as cloud success makes up for supply chain woes

Amazon’s profits in the December quarter nearly doubled,calming Wall Street’s concerns that the online behemoth was headed for a slowdown.

  • byAnne D'Innocenzio andSpencer Soper
Superyacht sales soar 77 per cent as billionaires splash out in pandemic

Superyacht sales soar 77 per cent as billionaires splash out in pandemic

It was the year of the yacht:The rising fortunes of the world’s richest people and heightened demand for solitary recreation due to COVID-19 have driven a spike in sales in 2021.

  • byDevon Pendleton