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MacKenzie Scott, the ex-wife of Amazon co-founder Jeff Bezos, has reduced her stake in the e-commerce company, cutting her holdings by nearly 42% to $12.6 billion, according to a regulatory filing with the SEC filed Tuesday and dated September 30. Many of Scott’s recent philanthropic efforts have focused on diversity, equity and inclusion (DEI) initiatives….
File photo: Amazon founder Jeff Bezos Amazon founder Jeff Bezos’ ownership in the e-commerce platform has declined to 9%, following a series of stock sales over the past years. In a new filing with the US Securities and Exchange Commission, the tech billionaire now holds 964.3 million shares of Amazon with sole voting power, and…
Oyo founder Ritesh Agarwal Oyo founder Ritesh Agarwal has now credited Amazon founder Jeff Bezos for helping him shape his approach and business strategy. Agarwal revealed the one quote by Bezos which inspired him, ‘Hope is not a plan’. In a recent interview post shared by Agarwal on his Instagram handle, he emphasised that structured…
Amazon founder Jeff Bezos who has a net worth of around $240 billion, once described himself as a ‘lottery winner’ and emphasised on the moral obligation which comes with extraordinary wealth. In a 2001 interview, Bezos shared his thoughts on philanthropy, calling it a challenge equal to building a fortune. “If you are a lottery…
Amazon founder Jeff Bezos says young people should learn from the journeys of Bill Gates, Mark Zuckerberg and Steve Jobs, but also remember that their paths are unusual. Speaking at Italian Tech Week recently, Jeff Bezos said college dropouts who went on to build some of the world’s biggest technology companies are the “exception,” not…
Amazon founder Jeff Bezos has an important and surprising piece of advice for young people who are dreaming of entrepreneurial success. Bezos said ‘Go work at McDonald’s.’ As reported by Fortune, in a recent interview, Bezos stressed on the importance of early work experience especially in the fast-paced, customer-facing environment. “I always advise young people:…
Amazon founder Jeff Bezos made a rare public appearance at Italian Tech Week in Turin on Friday, where he boldly predicted that millions of people will live in space within the next few decades, according to the Financial Times. Speaking alongside John Elkann of Italy’s Agnelli family, the Blue Origin founder emphasized that people will…
The US Space Force has awarded SpaceX, led by Elon Musk, five of seven critical military launch missions for the upcoming fiscal year, totaling $714 million. The contracts are said to reinforce SpaceX’s dominance in Pentagon space contracts, despite recent public tensions between Musk and President Donald Trump. United Launch Alliance (ULA) secured the remaining…
Amazon founder and executive chair Jeff Bezos has predicted that the next generation of data centres could be built in space within the next 10 to 20 years. Speaking at the Italian Tech Week in Turin, Bezos explained that orbiting data centres would benefit from uninterrupted solar power, allowing them to outperform Earth-based facilities in…
Amazon founder Jeff Bezos once said the company’s success could be traced to four rules: “Obsess over your customers,” “Invent on their behalf,” “Think long term,” and “It’s always Day 1.” The principles, according to a Benzinga report, were first outlined in a 2009 video after Amazon announced its purchase of Zappos. These rules helped…
