Tag Archives: microsoft

Jeff Bezos Becomes Richest Man In The World

Amazon founder Jeff Bezos on Friday became the world’s richest person, as a jump in the share price of the US tech giant enabled him to overtake Microsoft founder Bill Gates, a new estimate showed.

Forbes magazine said its real-time tracking of personal fortunes showed Bezos with a net worth of $90.5 billion, ahead of the $90 billion for Gates early on Friday.

The company also recently announced plans to acquire US grocer Whole Foods, which could help Amazon expand in that sector.  Source: Reuters

A few hours later, though, Bezos had slipped back to second place as Amazon shares pared their gains.

Bezos owns around 17 per cent of the equity of Amazon, which has been expanding from its original mission as an online retailer to a diversified tech firm in cloud computing, online video, computer hardware and artificial intelligence.

The company also recently announced plans to acquire US grocer Whole Foods, which could help Amazon expand in that sector.

Forbes magazine said its real-time tracking of personal fortunes showed Bezos with a net worth of $90.5 billion, ahead of the $90 billion for Gates early on Friday. | Source: 

Amazon shares were up 1.7 per cent at USD 1,070.72 and have risen some 24 per cent over the past four months, adding some USD 17 billion to the net worth of the 53-year-old Bezos.

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According to Forbes, Gates has been the richest person in the magazine’s annual rankings in March for the past four years and for 18 of the past 22 years. Mexican telecom magnate Carlos Slim overtook Gates from 2010 to 2013.

Among the billionaires gaining ground is Facebook founder Mark Zuckerberg, who has an estimated worth of some USD 71.3 billion according to the real-time Forbes estimate.

Bezos owns around 17 per cent of the equity of Amazon, which has been expanding from its original mission as an online retailer to a diversified tech firm in cloud computing, online video, computer hardware and artificial intelligence. | Source: Reuters

While most of Bezos’s wealth is in Amazon, he also owns the private space firm Blue Origin and the Washington Post newspaper.

Forbes pointed out that Gates could have been considerably wealthier, having given away more than USD 30 billion to philanthropic causes over the years.

Bezos has given an estimated USD 100 million, but recently asked users on Twitter for ideas for charitable donations which could have an impact on the world.

The billionaire notably opposed Donald Trump during the 2016 presidentialcampaign, but after the election appeared to give the new president a boost by announcing Amazon would add 1,00,000 new US jobs over 18 months.

Forbes pointed out that Gates could have been considerably wealthier, having given away more than USD 30 billion to philanthropic causes over the years. | Source: Reuters 

Trump, however, has not spared Bezos’s ventures from criticism, apparently renewing claims that he purchased the newspaper to divert attention from regulators away from Amazon.

“So many stories about me in the @washingtonpost are Fake News,” Trump tweeted this week.

“Is Fake News Washington Post being used as a lobbyist weapon against Congress to keep Politicians from looking into Amazon no-tax monopoly?”

Bezos appeared intent on spending more time in the US capital, purchasing what is likely the city’s largest private residence for USD 23 million.

Under Bezos’s ownership, the Washington Post reported it was profitable in2016, after making a series of investments in new technology and personnel.

With Amazon, Bezos is known for taking a long view. The company lost moneyfor many years and still delivers thinner profits than many of its peers, plowing money into new investments.

(source: Scoopwhoop)

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How Apple, Google, Microsoft make money

Whenever we talk about the biggest technology companies in the world, some of the names that almost always come up are Apple, Alphabet (parent of Google), Microsoft, Amazon and Facebook. All of these tech giants have revenues running into billions of dollars, which they earn through different digital products and services. Ever wondered how much these companies’ biggest products contribute to their total revenue?

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The major part of Apple’s revenues, according to the Visual Capitalists report, comes from the iPhone. While the iPhone contributes 63% to Apple’s revenues, the iPad and iMac bring 10% and 11% of revenue respectively. Other products such as accessories and more bring 5% revenue, while services such as iCloud, Apple Music, iTunes and more generate 11% of the total revenue.

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The Redmond-based technology corporation has the most evenly distributed revenue table. Microsoft Office generates 28% of the company’s revenue, followed by Windows Server & Windows Azure, which bring in 22% revenue. The Xbox division, Windows OS, Bing & other advertising, as well as the Surface division generate 11%, 9%, 7% and 5% revenue respectively. The remaining 18% is classified as ‘Other’.

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The parent company of Google, Alphabet gets majority of its revenue (88%) from advertising using Google AdWords and YouTube. Google Play services and Pixel products bring in 11% of the revenue share. Other subsidiaries like Nest, Verily, Google Fiber and more generate 1% of the total revenue, says Visual Capitalists report.

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Social media giant Facebook, as expected, generates its massive revenue from Facebook Ads. This division alone contributes up to 97% of the company’s total revenue. Remaining 3% is classified under ‘Others’ by the report.

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Amazon, the world’s largest e-commerce company, gets majority (72%) of its revenue from the online shopping business. Amazon Prime and other media services bring in 18% of the total revenue, followed by Amazon Web Services that contributes 9% of total share. 1% is generated by the ‘Others’ segment, according to Visual Capitalists report.

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