Business

Jeff Bezos’s Wealth Hits $171.6B Strengthening His Position as World’s Richest Man

Amazon founder Jeff Bezos’s net worth soared to a new peak of $172 billion. The billionaire’s net worth broke its previous peak on Wednesday as Amazon’s stock surged 4.4 percent to a record $2,878 value per share, boosting his fortune. This means he is richer now than he was prior to settling the most expensive …

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Trump Administration Buys up Nearly All the World’s Supply of Coronavirus Drug Remdesivir

The U.S. has bought up almost all of the world’s supply of remdesivir, one of only two drugs shown to work against the new coronavirus. Remdesivir, which was developed to treat Ebola, is produced almost exclusively by US pharmaceutical giant Gilead Sciences – and it has been priced at $2,340 (£1,892) per patient in wealthier …

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Forbes Reports Kylie Jenner Is No Longer A Billionaire And Was Inflating Her Net Worth

Forbes Magazine revoked its declaration that Kylie Jenner is a billionaire on Friday, accusing the social media influencer of inflating her income from her cosmetics company, Kylie Cosmetics, as part of a “web of lies.” The magazine claims that Jenner, 22, inflated the sales figures of her namesake company Kylie Cosmetics’, accusing the makeup mogul’s team of …

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Tesla CEO Elon Musk and singer Grimes welcome their first baby together

Multi-billionaire tech mogul Elon Musk, 48 and his 32-year-old girlfriend and Canadian singer Claire Boucher aka Grimes have welcomed their first child together. The pair has been dating since 2018. This is Grimes’ first child. Musk has five sons with his first wife, Justine. It would have been his 7th but he lost one of …

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Coronavirus: Bill Gates lists things that must be done for life to “get back to normal”

The second richest man in the world, Bill Gates, has revealed what governments across the world must do if life is to go back to normal, as countries relax lockdown restrictions enforced due to the Coronavirus pandemic. Gates who is now a leading voice on how to fight Coronavirus and has granted numerous interviews on …

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Don’t inject disinfectants, Lysol and Dettol maker warns as Trump raises idea

The manufacturer of Lysol and Dettol warned that its products shouldn’t be used internally after President Trump speculated about whether solar light and household disinfectants could be used inside the body to treat the new coronavirus. Reckitt Benckiser (RBGLY), a British company, warned Friday that human consumption of disinfectant products is dangerous. It issued the …

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Coronavirus: US oil has dropped to below $0 dollars a barrel

Oil price took a negative dive in the late hours of Monday April 20, as it plunged further to below $0 a barrel for the first time as the coronavirus pandemic lingers.   In a historic crash which came barely a month after experts warned oil prices could dip into negative territory, oil futures opened at …

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COVID-19: Chinese Billionaire Jack Ma Announces Third Set Of Donations To Africa

Jack Ma, the founder of Alibaba Group, on Monday announced the donation of more medical equipment to Africa in the fight against the COVID-19 pandemic. The Chinese billionaire made the announcement on his verified Twitter handle. Ma twitted: “Our 3rd donation to Africa will immediately be made to @_africanunion and @AfricaCDC. “This includes 4.6 million …

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McDonald’s apologizes after store in China displayed sign banning black people

McDonald’s is issuing an apology after footage showing a notice that was being displayed inside one of its restaurants in China saying that black people were “not allowed to enter” went viral online. Again, for those who still doubt that Black people and particularly #AfricansinChina are being targeted we feel it is our duty to …

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Kylie Jenner lands youngest self-made billionaire on Forbes for second year in a row

Forbes released the annual World’s Billionaires list on Wednesday and beauty mogul Kylie remains the planet’s youngest self-made billionaire at aged 22. In 2019, the star unseated Facebook’s Mark Zuckerberg, 35, as the youngest-ever self-made billionaire – he was 23 when he made his first billion 11 years ago in 2008. Despite the controversy that …

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