Jeff Bezos breaks all records again to be the No.1!
Jeff Bezos, founder and CEO of Amazon, is the richest person alive. And he is the first person in modern history to accumulate a fortune of over $100 billion. He spends his $150 billion fortune on real estate across the US, a $65 million Gulfstream Jet, and his space travel exploration company Blue Origin. Bezos also owns the Washington Post since 2013 which he has purchased for $250 million.
Only recently, the Industry and Investors across the world were stunned at hearing the news of Jeff and his wife of 25 years, MacKenzie Bezos(48 years Novelist) getting a divorce and the estimated settlement amount to be as high as $68 billion. This will be the the most expensive U.S. divorce so far.
The question however is on how the Bezos divorce will affect Amazon.
The statement says,
The visionary Jeff recently announced in September 2018 the Bezos Day One Fund, a $2 billion pledge to help homeless families and create Montessori-inspired preschools in the U.S. Amazon's journey from a tiny garage start-up to one of the most valuable companies in the world has paid off for investors, and shareholders. Jeff is listed as the world's richest person, worth an estimated $136.2 billion. A million-dollar question is on how the split will drive the fortune of Amazon, which includes an approximately 16 percent ownership stake in Amazon's roughly $811.4 billion market capitalization.
Just a month ago, Jeff had told his employees of how Amazon will go bankrupt one day. "In fact, I predict one day Amazon will fail. Amazon will go bankrupt. If you look at large companies, their lifespans tend to be 30-plus years, not a hundred-plus years," Bezos said. The news of divorce has already raised many questions on the real survival of Amazon and interest of Jeff to run the organisation.
Divorce laws in Washington state hold that property acquired during a marriage is generally divided equally between spouses. However, most of the analysts and fund managers believe that the divorce will not lead to any significant change in the company's leadership or its growth prospects. At the same time many thinks that it is the best way to keep the assets safe and is a pre-planned divorce agenda of Jeff Bezos.
New York matrimonial lawyer Bernard Clair said that in that case a judge would likely determine MacKenzie Bezos' share of Amazon stock based on her contribution to her husband's success, which could include helping him make important business decisions or raising their children so he could focus on work.
The worldwide ecommerce sales is said to touch $4.5 trillion in 2021. India’s e-commerce market now has three major players - Amazon, Flipkart and Alibaba (through its investment in Paytm). While all three operate in the same space, they are fundamentally different. The fundamental differentiation is Amazon is a technology company with a strong experience into retailing space. It wants to “make you shop but not make you think about shopping”. On the other hand, Walmart’s focus is to get people into their stores and make purchases. Alibaba creates an ecosystem with its financial services offering, logistics infrastructure and marketplace. The good part, which is the need of the hour is to allow other people to use their infrastructure to provide services to consumers.
We can only wait to see as who would lead the industry in the long run!
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