Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

This famous billionaire just lost Rs 50,000 cr in a day

Post News Network
Updated: October 26th, 2019, 07:00 IST
in Business, Feature
0
BSE, NSE, Sensex, Nifty, Stock market
Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

If you think, you are having a bad day, just consider this. A man just lost – not one, not 10, not 100 but a whopping Rs 50,000 crore in a day. Shocking, but true!

Online shopping giant Amazon’s  founder cum CEO Jeff Bezos lost about $7 billion – which is about Rs 50,000 crore —  during after-hours trading Thursday after his ecommerce behemoth reported lackluster third-quarter earnings. Worse, he lost his title as the richest man in the world to Microsoft’s Bill Gates.

Also Read

Passenger vehicle sales SIAM

Passenger vehicle sales drop 1.4% to 10.11 lakh units in Apr-Jun

11 hours ago
India's export

Exports remain flat in June at $35.14 billion; trade deficit at $18.78 billion

11 hours ago

Amazon shares fell nearly 7 per cent in after-hours trading bringing down Bezos’ net worth down to $103.9 billion. Microsoft cofounder Bill Gates, meanwhile is back at the top of billionaire list after a gap of two years with a valuation worth $105.7 billion.

That said, Bezos’ net worth drop isn’t entirely due to the decline in Amazon shares. He also transferred a quarter of his Amazon stake to his ex-wife MacKenzie Bezos as part of their ultra-expensive divorce settlement. MacKenzie is now worth $32.7 billion and ranks among the top twenty wealthiest people in the world.

Amazon reported a 26 per cent drop in net income in its third quarter Thursday.  During after-hours trading, the shares of the company dropped nearly 9 per cent to $1,624 per share in 20 minutes. It of course rebounded slightly, hovering at $1,657 at closing.

It may be mentioned here that Bezos became the richest man in the world for the first time in 2018 and was also the first centibillionaire in the Forbes 400 list that year with a net worth of $160 billion leaving behind Gates at quite some distance.

Bill Gates, meanwhile, has stepped out of Microsoft since 2014, though he remains a board member. He has diversified his wealth over time and has pledged most of his wealth to charity. He is now the co-chairman of the Bill & Melinda Gates Foundation- the largest private charitable organisation in the world.

Tags: AmazonBill gatesBillionaireJeff Bezos
ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

slide 2 to 4 of 30
#MyPaperBagChallenge

Parbati Mohanty

December 12, 2019
#MyPaperBagChallenge

Jyotshna Mayee Pattnaik

December 12, 2019
#MyPaperBagChallenge

Anup Mahapatra

December 12, 2019
#MyPaperBagChallenge

Sipra Mishra

December 12, 2019
#MyPaperBagChallenge

Faiza Firdous

December 12, 2019
#MyPaperBagChallenge

Kamana Singh

December 12, 2019
#MyPaperBagChallenge

Archana Parida

December 12, 2019
#MyPaperBagChallenge

Chinmay Kumar Routray

December 12, 2019
#MyPaperBagChallenge

Ankita Balabantray

December 12, 2019
#MyPaperBagChallenge

D Rama Rao

December 12, 2019
#MyPaperBagChallenge

Jhili Jena

December 12, 2019
#MyPaperBagChallenge

Tabish Maaz

December 12, 2019
#MyPaperBagChallenge

Archit Mohapatra

December 12, 2019
#MyPaperBagChallenge

Pragyan Priyambada

December 12, 2019
#MyPaperBagChallenge

Pratik Kumar

December 12, 2019
#MyPaperBagChallenge

Sarfraz Ahmad

December 12, 2019
#MyPaperBagChallenge

Rajashree Manasa Mohanty

December 12, 2019
#MyPaperBagChallenge

Swarit Praharaj

December 12, 2019
#MyPaperBagChallenge

Ramakanta Sahoo

December 12, 2019
#MyPaperBagChallenge

Manas Samanta

December 12, 2019
#MyPaperBagChallenge

Tapaswini Mallick

December 12, 2019
#MyPaperBagChallenge

Diptiranjan Biswal

December 12, 2019
#MyPaperBagChallenge

Praptimayee Biswal

December 12, 2019
#MyPaperBagChallenge

Adrita Bhattacharya

December 12, 2019
#MyPaperBagChallenge

Aman Kumar Barisal

December 12, 2019
#MyPaperBagChallenge

Ipsita

December 12, 2019
#MyPaperBagChallenge

Anasuya Sahoo

December 12, 2019
#MyPaperBagChallenge

Pratik Kumar Ghibela

December 12, 2019
#MyPaperBagChallenge

Saishree Satyarupa

December 12, 2019
#MyPaperBagChallenge

Shreyanshu Bal

December 12, 2019
#MyPaperBagChallenge

Parbati Mohanty

December 12, 2019
#MyPaperBagChallenge

Jyotshna Mayee Pattnaik

December 12, 2019
#MyPaperBagChallenge

Anup Mahapatra

December 12, 2019
#MyPaperBagChallenge

Sipra Mishra

December 12, 2019

Archives

Select Month

    Editorial

    Trump Targets BRICS

    July 15, 2025

    US President Donald Trump is opening new theatres of his global tariff war. This appears to be a strategy he...

    Read more

    ECI & Aadhaar

    Election Commission of India
    July 14, 2025

    Many of the acts of omission and commission by the Election Commission of India (ECI) in the recent past have...

    Read more

    Socialist Democrat

    Aakar Patel
    July 13, 2025

    One of the most remarkable democratic developments of recent times came from New York City this month. A 33-year-old man...

    Read more

    Tripura’s IAS Exodus

    July 12, 2025

    It’s hard not to see the flight of over a dozen IAS officers from Tripura’s cadre as a crypto-threshold moment....

    Read more
    • Home
    • State
    • Metro
    • National
    • International
    • Business
    • Editorial
    • Opinion
    • Sports
    • About Us
    • Advertise
    • Contact Us
    • Jobs
    Developed By Ratna Technology

    © 2024 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2024 All rights Reserved by OrissaPOST

      • News in Odia
      • Orissa POST Epaper
      • Video
      • Home
      • Trending
      • Metro
      • State
      • Odisha Special
      • National
      • International
      • Sports
      • Business
      • Editorial
      • Entertainment
      • Horoscope
      • Careers
      • Feature
      • Today’s Pic
      • Opinion
      • Sci-Tech
      • About Us
      • Contact Us
      • Jobs

      © 2024 All rights Reserved by OrissaPOST