WORLD RICHEST CHANGE RESULTS
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the richest man in the world, Jeff Bezos, had a great week. Amazon CEO got $ 10 billion richer, bringing its net worth to $ 191.5 billion. It has taken a $ 8.3 billion lead over Tesla CEO Elon Musk (net worth: $ 183.2 billion), who made a brief bid for the top spot this month before falling back to second place. Better yet for Bezos? His rise this week is partly due to the departure of Donald Trump, a regular critic of Amazon and owner Bezos Washington Post.
President Joe Biden was inaugurated Wednesday, posting technical stocks going up optimistic about Covid-19 vaccination in his administration and incentive plans. Amazon finished the week up 6.1%, Facebook gained 9.2% and Google Alphabet parent rose 9.5%, outperforming S&P and Dow Jones Industrial weekly gains of 2% and 0.5%, respectively.
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On Trust Day, Amazon CEO Dave Clark sent a letter to Biden offering Amazon resources to help circulate the vaccine. “We are committed to accelerating our work, information technology, and communication and knowledge capabilities to aid your administration’s vaccination effort,” he wrote. Clark also took the opportunity to apply to prioritize the vaccination of 800,000 Amazon employees, most of whom are essential front-line workers.
Facebook CEO Mark Zuckerberg (net worth: $ 100.4 billion) raised $ 7.9 billion this week, thanks not only to common optimism surrounding the new administration, but also because of Wall Street’s increased confidence in the giants. social media. BMO Capital Markets analyst Daniel Salmon developed the stock on Tuesday, citing the strength of Facebook’s e-commerce platform and expecting it to face fewer obstacles in its ad targeting a moving business. It set its price target at $ 325, some 18% higher than where the stock is now.
Google cofounders Larry Page (net worth: $ 83 billion) and Sergey Brin (net worth: $ 80.6 billion) received $ 6.6 billion and $ 6.3 billion, respectively, on the tech stock collection. But this week was not good news for Google. The company decided to close Loon, in an effort to bring high-speed internet to remote parts of the world using balloons. They are also facing a lawsuit against trust filed by 10 states, which accuses Google of collaborating with Facebook to cram the corner of the online advertising market. Google requested that the lawsuit be transferred to California from Texas, where the suit was filed. If the company gets its wish, a jury may be more technologically friendly.
European stocks also rose when Biden was inaugurated, with the hope that the new president will repair the ties the former president has forged. European Commission President Ursula von der Leyen has gone so far tweeting Wednesday that “the United States is back.” Bernard Arnault, chairman of luxury conglomerate LVMH and the richest man in Europe, received $ 5.6 billion richer this week.