Bezos is richest man in modern history
NEW DELHI : Jeff Bezos on Monday became the richest person in modern history with a net worth of $150 billion. According to the Bloomberg Billionaires Index, the Amazon Inc. founder trumped Microsoft Corp. co-founder Bill Gates, the world’s second-richest person at $95.3 billion and chairman and chief executive officer of Berkshire Hathaway Inc., Warren Buffet to lead the top of the pack. Buffet has a net worth of $83 billion. Bezos, 54, has also topped Gates in inflationadjusted terms. The $100 billion mark that Gates hit briefly in 1999 at the height of the dot-com boom would be worth about $149 billion in today’s dollars. That makes the Amazon chief richer than anyone else on earth since at least 1982, when Forbes published its inaugural wealth ranking, according to a Bloomberg article.
His portfolio of other ventures include the $250 million acquisition of The Washington Post ,a space start-up Blue Origin and a $23 million home in Washington.
Wealth management experts attribute the rise in Bezos’s wealth to Amazon’s relevance in the current business ecosystem. Bezos owns 78.89 million shares of Amazon as of June 2018. According to Prateek Pant, co-founder and head products and solutions, Sanctum Wealth Management, the business of Amazon is emblematic of the future. NEW DELHI: The Narendra Modi government is winding up a flagship ebiz portal launched by the Congress-led United Progressive Alliance (UPA) government, which was supposed to act as a one-stop facility for businesses to obtain government licences and clearances as well as reduce red tape and improve transparency.
“The ebiz portal is being wound up. It was conceived in 2009 and implementation got delayed for various reasons. By the time we started implementing it in 2014, many states had their own online systems,” a government official said on condition of anonymity. “Only limited services could be integrated into ebiz. For example, we could integrate only two services of Central Board of Direct Taxes into ebiz, while if one visits the CBDT portal, one can avail all its services.”
Developed by Infosys for the department of industrial policy and promotion (DIPP) under the National e-governance Plan in a public-private partnership model for 10 years, the government-tobusiness portal was launched by then commerce minister Anand Sharma in January 2013.
After the National Democratic Alliance government came to power in May 2014, it enthusiastically latched on to the ebiz idea for improving India’s ranking in World Bank’s Doing Business ranking.