Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Bill Gates was dethroned as the world’s wealthiest person, at least for a few hours, momentarily replaced by short-reigning Jeff Bezos.
With a $1.3 billion boost from Amazon.com, Inc. (NASDAQ:AMZN)’s 1.6-percent stock pop, CEO Bezos surged to a value of $90.9 billion Thursday. The 53-year-old surpassed Gates by more than $500 million.
Bezos’ new net worth, as calculated by Forbes, represents a 20-percent increase in value since he was appraised at $72.8 billion in March, when he ranked No. 3 on Forbes’ list.
As just the seventh person in the 30-year history of Forbes’ wealth tracking to claim the “world’s richest person” title, he stands alongside Microsoft Corporation (NASDAQ:MSFT) co-founder Gates and Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) CEO Warren Buffett as the only Americans to top the list.
It took him 19 years to rise from his first appearance on the Forbes 400, back when he had a humble $1.6 billion a year after Amazon went public. The company has risen in value by 61,127 percent, or $1,056, since then, and Bezos holds a 17-percent stake.
A Timeline
Here’s a breakdown of his professional journey:
- 1986: Graduated from Princeton University with Bachelor of Science degrees in electrical engineering and computer science. Joined startup Fitel and built a network for international trade.
- 1988: Joined Bankers Trust as a product manager.
- 1990: Joined hedge fund D.E. Shaw & Co., where he rose to senior vice president.
- 1994: Founded Amazon in a Seattle garage as an online bookseller.
- 2000: Founded Blue Origin for commercial space travel.
- 2013: Founded his personal investment firm, Nash Holdings, LLC, and purchased the Washington Post.
- 2015: Successfully launched and landed Blue Origin’s space vehicle.
- 2016: Made his Hollywood debut in “Star Trek Beyond.”
The business magnate also made a number of notable investments through Bezos Expeditions, including in Airbnb, Uber, Google (NASDAQ:GOOG) (NASDAQ:GOOGL)), Twitter Inc (NYSE:TWTR) and Business Insider.
Related Links:
Jeff Bezos Isn’t Afraid Of FailingThe Ongoing Saga Between Amazon, Bezos And TrumpJeff Bezos: Champion Of The Poor?________Image Credit: By Yolo0906 - Own work, CC BY-SA 4.0, via Wikimedia Commons
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!