American billionaire Jeff Bezos loses $14 billion as Amazon shares fall 7%
Amazon shares fell almost 7% after third-quarter results showed AI spending swallowing its cash, wiping about $14 billion off founder Jeff Bezos's stake.
Jeff Bezos
American billionaire Jeff Bezos’s Amazon tumbles 11% after hours as AI spending sends free cash flow negative
American billionaire Jeff Bezos’s Amazon fell 11% after hours as AI spending more than doubled and pushed free cash flow negative, despite 39% growth at AWS.
American billionaire Jeff Bezos' Earth Fund joins $500 million endangered species pledge
The Bezos Earth Fund, the climate and nature charity of Amazon founder Jeff Bezos, joined eight funders pledging $500 million to save endangered species.
Billionaire Jeff Bezos says Blue Origin is heading for an IPO
Jeff Bezos says Blue Origin will likely go public in several years, after a $10 billion raise valued his rocket company at $140 billion.
Jeff Bezos' fortune jumps from $137 billion to $378 billion in a year
Jeff Bezos' fortune has jumped $137 billion in a year to $378 billion, keeping him second in America and the richest person in Florida.
Billionaires Bezos and Gates join $188 million round for AI drug discovery firm
Family offices made 52 direct investments in August and about a fifth went to biotech. Jeff Bezos and Bill Gates both backed LifeMine Therapeutics, which uses AI to search fungal genomes for new drugs.
Jeff Bezos is hiring Amazon's satellite engineers into Blue Origin
Jeff Bezos chairs Amazon and owns Blue Origin outright. His private space company has hired at least 47 engineers away from Amazon's satellite unit to build a satellite network that competes with it.
Billionaires Jeff Bezos and Facebook co-founder Eduardo Saverin buy into Liverpool FC in record $7.1 billion deal
Jeff Bezos and Facebook co-founder Eduardo Saverin have joined a billionaire consortium buying roughly 30% of Liverpool FC at a record $7.1 billion valuation, with an option to take majority control within a year.
Billionaire Dylan Taylor says humans will commute to the moon by the early 2030s
Voyager Technologies founder Dylan Taylor says humans will be living and working on the moon by the early 2030s, with resource mining and orbital data centers among the first jobs up for grabs.
American billionaire Jeff Bezos is buying into Liverpool at a record $7 billion valuation
Jeff Bezos has joined a consortium buying about 30% of Liverpool from Fenway Sports Group at a valuation above $7 billion.
Jeff Bezos takes on Elon Musk in Kenya with Amazon Kuiper satellite internet bid
Amazon Kuiper Kenya has applied for a satellite internet licence in Kenya, putting Jeff Bezos on a direct collision course with Elon Musk's Starlink in East Africa.
Bill Gates and Jeff Bezos-backed KoBold Metals breaks ground on a $2.5 billion Zambia copper mine and bets $50 million on Congo lithium
KoBold Metals, backed by Bill Gates, Jeff Bezos and Sam Altman, has broken ground on the $2.5 billion Mingomba copper mine in Zambia and committed $50 million to Congo lithium exploration.
How Jeff Bezos investments in Africa are taking shape through Amazon, AWS, and Fintech
Jeff Bezos investments in Africa show up in two big levers, Amazon marketplaces and AWS cloud, plus a selective fintech bet.
Jeff Bezos, Rockefeller Foundation team up for solar mini-grids in Nigeria
The effort targets Nigeria's crippling power shortages, aiming to bring electricity to over 86 million individuals – nearly half the country's population – who lack access to this basic necessity.
Bill Gates- and Jeff Bezos-backed mining venture discovers copper deposit in Zambia
With backing from Breakthrough Energy Ventures, led by Gates and Bezos, KoBold is poised to advance its operations rapidly to meet the surging global demand.
U.S. billionaire Jeff Bezos pledges $22.8 million to land restoration efforts in Africa
This move by Bezos and The Bezos Earth Fund follows their announcement in October 2022, outlining plans to collaborate with African and European nations.