Tech bil­lion­aires lead 2016 gains

China Daily (USA) - - BUSINESS -

Tech­nol­ogy bil­lion­aires are mak­ing a run for the top of the global wealth rank­ings as surges for Face­book Inc, Ama­zon.com Inc and Google par­ent Al­pha­bet Inc added $5.6 bil­lion to their founders’ for­tunes this week. Google co-founders Larry Page and Sergey Brin gained a com­bined $2.7 bil­lion af­ter the search en­gine’s ad busi­ness re­ported a grow­ing user base and bet­ter cost con­trols. Jeff Be­zos added $1.4 bil­lion on Ama­zon’s re­sults while Mark Zucker­berg’s net worth rose $1.5 bil­lion af­ter the so­cial net­work­ing gi­ant’s sec­ondquar­ter earn­ings trounced an­a­lysts’ es­ti­mates.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.