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‘I Just Became a DOGE Coin Millionaire’ Meet The 33-Year-Old Glauber Who Followed Elon Musk Footsteps and Invested His Life Savings on DOGE

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My1sttoday: ‘I just became a DOGE coin millionaire’ meet the 33-year-old Glauber who followed Elon Musk footsteps and invested his life savings on DOGE.

Glauber Contessoto says that on April 15 at 6:00 p.m. PDT, he became a ‘Dogecoin millionaire’.

“I was up all night staring at my screen,” Contessoto, 33, said.

After learning about the meme cryptocurrency on Reddit, Contessoto says he invested over $180,000 in Dogecoin on Feb. 5, when it was priced at about 4.5 cents.

Contessoto was intrigued by Dogecoin for a few reasons.

For one, he loved the Reddit community surrounding the digital coin, as its base had grown substantially since Dogecoin’s creation as a joke in 2013. He also appreciated that it was inspired by the Shiba Inu “Doge” meme, he says.

And like many holders of Dogecoin, “a reason why I put my life savings into Dogecoin is Elon Musk,” who has repeatedly tweeted about the cryptocurrency. Though it’s unclear if Musk’s tweets in support of the coin have been serious, “I think the guy is a genius,” Contessoto says.

Getty Images

Although, Contessoto is very bullish on Dogecoin’s growth, and thought that it could help him build “generational wealth” to pass on to his future family. “I grew up really poor,” he says, “so this is a huge deal for me.”

Contessoto (who works at a music company in Los Angeles) says he didn’t have disposable income to buy Dogecoin, so he took a huge risk. Contessoto not only used all his savings, but he also sold all the stock he owned, including shares of Tesla and Uber, and invested on margin by borrowing money from Robinhood via the app, he says.

'I Just Became a DOGE Coin Millionaire' Meet The 33-Year-Old Glauber Who Followed Elon Musk Footsteps and Invested His Life Savings on DOGE
Getty images

His friends were critical of the meme cryptocurrency and warned him to be careful.

“Dude, it’s a pump-and-dump [scheme],” one of his friends said in a text message. “It’s going to zero, eventually.”

Furthermore..Dogecoin does not have a supply cap like bitcoin does, all of this making it a much more risky investment, according to experts.

Still, Contessoto stuck with his investment plans and then continued to hold the cryptocurrency.

About two months later, on the night of April 15, the price of Dogecoin began to surge. That week, Dogecoin spiked 400%, and on April 16, it defied odds as it hit a market capitalization of $49 billion, according to CoinGecko. Dogecoin ultimately reached a record high of around 45 cents.

Some speculate that the rally was a result of cryptocurrency exchange Coinbase going public on April 14, which also drove an increase in the prices of bitcoin and ether. Others attribute Dogecoin’s spike in price to tweets by Musk that nod to the popular crypto-slang phrase “to the moon.”

Whatever the case, Contessoto realized that meant his Dogecoin investment had grown to be worth over $1 million.

“I was excited about it. I was very new to Reddit, so I wanted to make a post,” he says.

The next day, under his username iUsedToCallDogeDodge, Contessoto posted on subreddit r/dogecoin. He wrote, “Hey guys I just became a Dogecoin millionaire,” and attached a screenshot of his Dogecoin holdings on Robinhood, showing a balance of $1,081,441.29.

“It went viral,” he says.

Though this was an unusual surge for the cryptocurrency, Contessoto doesn’t intend to sell anytime soon.

“My plan is, once I hit $10 million, then I’ll take out 10%,” he says. In his opinion, “this stuff is going to continue to grow.”

Dogecoin began to lose steam on Tuesday, and now, the cryptocurrency is trading at about 28 cents, according to CoinGecko, with a market value of about $36 billion.

Despite the decline, Contessoto is still “hovering over $1 million,” he says.

Eight years ago, Dogecoin was created as a parody faster and “fun” alternative to bitcoin by software engineers Billy Markus and Jackson Palmer.

Though some retail investors have profited from its recent surge, experts warn that people should only invest what they can afford to lose.

President Biden: U.S Troops Will Leave Afghanistan By September 11: ‘It’s Time to End America’s Longest War’

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U.S Economy Adds Whopping 916,000 Jobs as Recovery Hasten Under Biden Administration
President Biden/My1sttoday

My1sttoday — President Biden: U.S troops will leave Afghanistan by September 11: ‘It’s time to end America’s longest war’.

President Joe Biden formally announced his decision to end America’s longest war on Wednesday, deeming the prolonged and intractable conflict in Afghanistan no longer aligned with American priorities.

Biden said he would withdraw US troops from Afghanistan before September 11, the 20th anniversary of the terrorist attacks on the World Trade Center and the Pentagon that launched the war in the first place.

Those origins had long given way to other objectives, and Biden declared Wednesday that no amount of time or money could solve the problems his three predecessors had tried and failed to fix.

“War in Afghanistan was never meant to be a multigenerational undertaking,” Biden said during his remarks from the White House Treaty Room, the same location from which President George W. Bush had announced the war was beginning in October 2001.

“We were attacked. We went to war with clear goals. We achieved those objectives,” Biden went on. “Bin Laden is dead and al Qaeda is degraded in Afghanistan and it’s time to end the forever war.”

It was a decisive moment for a President not yet 100 days into the job. Biden has spent months weighing his decision, and he determined a war in Afghanistan that has killed some 2,300 US troops and cost more than $2 trillion no longer fit within the pressing foreign policy concerns of 2021.

The deadline Biden has set is absolute, with no potential for extension based on worsening conditions on the ground. Officials said that after two decades of war, it was clear to the President that throwing more time and money at Afghanistan’s problems wasn’t going to work, even as senior military and national security advisers cautioned against a full withdrawal.

“We cannot continue the cycle of extending or expanding our military presence in Afghanistan hoping to create the ideal conditions for our withdrawal, expecting a different result,” Biden said.

“I am now the fourth American president to preside over an American troop presence in Afghanistan. Two Republicans. Two Democrats,” he went on. “I will not pass this responsibility to a fifth.”

Biden said the withdrawal will begin on May 1, in line with an agreement President Donald Trump’s administration made with the Taliban. Some US troops will remain to protect American diplomats, though officials have declined to provide a precise number.

Biden said American diplomatic and humanitarian efforts would continue in Afghanistan and that the US would support peace efforts between the Afghan government and the Taliban. But he was unequivocal that two decades after it began, the Afghanistan War is ending.

“It is time to end America’s longest war. It is time for American troops to come home,” he said in his speech”.

Afterward, as he was visiting the section of Arlington National Cemetery where war dead from Afghanistan are buried, Biden was asked whether his decision had been hard to make.

“No, it wasn’t,” he said. “To me it was absolutely clear.”

Both of Biden’s most recent predecessors sought to end the war in Afghanistan, only to be drawn back in by devolving security and attempts to prop up the government. Biden made a different calculation that the US and the world must simply move on.

The White House selected the Treaty Room specifically to provide a bookend to the two-decade-long conflict, which began before some of the Americans currently deployed in Afghanistan were born. Biden said he had spoken with Bush on Tuesday ahead of announcing his decision to withdraw troops.

“While he and I have had many disagreements over policy throughout the years, we are absolutely united in our respect and support for the valor, courage and integrity of the women and men of the United States forces who’ve served,” Biden said.

He also spoke with Obama, with whom he sometimes disagreed over Afghanistan policy when serving as vice president. In a statement, Obama said Biden had made the right decision.

“After nearly two decades of putting our troops in harm’s way, it is time to recognize that we have accomplished all that we can militarily, and that it’s time to bring our remaining troops home,” he wrote.

After decades of Afghanistan-focused national security meetings and decisions, Biden’s foreign policy priorities now lie elsewhere: in Asia, where he hopes to compete with China, and in Russia, whose President he spoke with Tuesday and proposed an upcoming summit.

“We went to Afghanistan because of a horrific attack that happened 20 years ago. That cannot explain why we should remain there in 2021,” Biden said. “Rather than return to war with the Taliban, we have to focus on the challenges that are in front of us.”

‘iPhone User’ Mysteriously Lost $600,000 Life Saving From Scam ‘Bitcoin App’ On Apple’s Store

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iPhone User Lost $600,000 Life Saving From Scam Bitcoin App On Apple's Store

My1sttoday: ‘iPhone User’ mysteriously lost $600,000 life saving from scam ‘Bitcoin app’ On Apple’s store.

An iPhone user has lost over $600,000 after a scamming cryptocurrency app was cleared by Apple’s stringent App Store policies.

Philippe Christodoulou wanted to check the value of his 17.1 bitcoins, and instead came to a disastrous realization of having to deal with losing his life savings.

As reported by The Washington Post, to access the wallet, he decided to download the Trezor app (a company that’s known for its hardware wallets) on the iOS App Store. The app looked just like the original with the green background and the padlock logo, so without hesitating, he downloaded the app. However, later he found out that would be one of the worst mistakes of his life.

The app was fake and it was designed to look legit and fool innocent people into entering their confidential details and within no time, Christodoulou found out that his bitcoins were stolen from him. According to the report, he had hoped his bitcoins would have helped in saving his dry-cleaning business which was affected by the pandemic.

Apple has had a reputation for being the most secure when it comes to its app on its App Store, at least when compared to Google’s Play Store. Apps on the App Store are known to go through a stringent process of verifications before they go live on the store.

iPhone User Lost $600,000 Life Saving From Scam Bitcoin App On Apple's Store
Getty Images

Apple claims that at the time of signing up, the app posed to be a cryptography app used to encrypt iPhone files and passwords and at the time the app developer had highlighted that the app has nothing to do with cryptocurrency. But after the app got submitted, it soon turned into a crypto wallet and slipped right under Apple’s radar.

Oddly enough, Trezor’s App is only available on Android and the original report highlights that the company had notified Apple and Google about fake apps for a few years now. The fake Trezor app is no longer available on the App Store.

Apple spokesperson Fred Sainz has said in a statement to Washington Post, “User trust is at the foundation of why we created the ‌App Store‌, and we have only deepened that commitment in the years since.”

He added, “Study after study has shown that the ‌App Store‌ is the most secure app marketplace in the world, and we are constantly at work to maintain that standard and to further strengthen the ‌App Store‌’s protections. In the limited instances when criminals defraud our users, we take swift action against these actors as well as to prevent similar violations in the future.”

It is important to note that Apple has not revealed how often scam apps are found in the store. However, Apple has admitted to removing 6,500 apps last year due to ‘hidden or undocumented features.

Bitcoin Could Hit ‘$70,000’ As Jeff Bezos Explores Amazon Payments in Cryptocurrency

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Bitcoin Could Hit '$70,000' as Jeff Bezos Explores Amazon Payments in Crypto

My1sttoday: Bitcoin could hit ‘$70,000′ as Jeff Bezos explores Amazon payments in Cryptocurrency.

One of the world valuable company is now seeking to hire a cryptocurrency expert for implementing payment with Cryptocurrency. A spokesperson for Bezos’ company, which has a market capitalisation of $1.6 trillion, said: “We’re inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like on Amazon. We believe the future will be built on new technologies that enable modern, fast, and inexpensive payments.

“We hope to bring that future to Amazon customers as soon as possible.”
If the world’s fourth-largest company opens up its worldwide marketplace to cryptocurrency transactions the value of Bitcoin and Ethereum could escalate.

Speaking to Express.co.uk Greg Waisman, co-founder and COO at the global payment network Mercuryo, said: “Tesla’s initial announcement of accepting Bitcoin for its products helped contribute to taking Bitcoin to its all-time high in the second quarter of the year.

Bitcoin Could Hit '$70,000' as Jeff Bezos Explores Amazon Payments in Crypto
Getting Images: Jeff Bezos

“Should this impact be replicated when Amazon fully embraces crypto payments, we can begin to see a rejuvenation from the current sell-offs, and growth towards new price levels that we’ve not seen in months.

“A top of $70,000 on a bear case instance and a $100,000 top cannot be ruled out by the end of this year, should Amazon make good on its promises before year-end.” Currently, Amazon does not accept cryptocurrencies as payment but a recent job posting by the company shows that this could soon change.

Amazon’s payments acceptance and experience team is now on the hunt for an “experienced product leader to develop Amazon’s Digital Currency and Blockchain strategy and product roadmap”. The company added that the position will “leverage your domain expertise in Blockchain, Distributed Ledger, Central Bank Digital Currencies and Cryptocurrency to develop the case for the capabilities which should be developed, drive the overall vision and product strategy, and gain leadership buy-in and investment for new capabilities.

“We’re inspired by the innovation happening in the cryptocurrency space and are exploring what this could look like on Amazon.”

Apart from Bitcoin, a candidate cryptocurrency for making transactions on Amazon could be Vechain.
In July the Vechain Foundation announced a partnership with Shopping.io, an online platform that has been integrating crypto payments into e-commerce. Since the beginning of July consumers can use Vechain tokens to purchase at Amazon, eBay, Walmart, and Etsy via Shopping.io.

“This is what Elon Musk’s Tesla has done this year, and what major Wall Street firms are looking to incorporate. However, Amazon as one of the most valuable companies in the world will help raise the bar as the firm has millions of customers who will help spread the crypto payment integration endeavour. “The impact of this will be resounding as it will drive the adoption of Bitcoin, and other altcoins to a whole new horizon.”

Apple has also hinted that they are broaching the idea of accepting payments in cryptocurrency.
The company headed by Tim Cook is now looking for a lead negotiator to strike partnerships with “alternative payments” partners.

Yes of course bully period is on its way…

Dogecoin Worth Surges After Co-founder, Billy Markus Reveals He Bought Doge

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Dogecoin Flying to The Moon Amid Coinbase Listing Coming on June 3rd

My1sttoday: Dogecoin worth surges after Co-founder, Billy Markus reveals he bought Doge. Aka “Shibetoshi Nakamoto” revealed on Twitter that he bought into the meme-inspired cryptocurrency “after 8 years of vowing never to buy digital assets again.”

The dogecoin founder’s tweet came at a time crypto assets were suffering a lot of selling pressures, most especially the meme coin losing a substantial amount of its value after hitting an all-time high above $0.70 last month.

At the time of writing this report, the crypto asset, recorded intense buying pressures as it traded around $0.26, posting daily gains of more than 11% for the day amid selling pressures notably seen in many leading altcoins.  The sixth most valuable crypto asset by market value is currently worth about $30.3 billion.

Adding support to its present bullish trend is Elon Musk’s recent response to a comment made by dogecoin’s core developer, Ross Nicoll, saying a new fee reduction is “an important improvement.”

Warren Buffett Resigns As Trustee of Bill and Melinda Gates Foundation, Gives Away $4.1 Billion

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Warren Buffett Resigns As Trustee of Bill and Melinda Gates Foundation, Gives Away $4.1 Billion

My1sttoday: Warren Buffett resigns as Trustee of Bill and Melinda Gates Foundation, gives away $4.1 billion. This latest distribution of wealth is part of a pledge he made in 2006 to give away all of the shares he owns in Berkshire Hathaway, the Nebraska-based conglomerate he has owned since 1970.

His Berkshire Hathaway shares comprise around 99% of his net worth and Buffet said he is “halfway there” in donating the majority of his wealth.
Since 2006, Buffett has donated more than $41.5 billion of Berkshire shares, including $32.7 billion to the Gates Foundation. Buffett said it was the “easiest deed in the world” to “give away money that will never be of any real use to you or your family.”

Buffett, 90, said in a statement that he has been an “inactive trustee” for years at the foundation, but fully supported Chief Executive, Mark Suzman and that their goals were “100% in sync.”

In a statement, Warren Buffett said “…A much more admirable form of philanthropy than mine involves the giving of personal time and effort, I’ve done little of that.
Those who give their love and time in order to directly help others — perhaps adding a monetary gift that requires them to give up the purchase of something meaningful for their own use — are the heroes of philanthropy. America has millions of such givers.”

The recipients of Buffett’s donations include the Bill and Melinda Gates Foundation, the Susan Thompson Buffett Foundation that was named in honour of his late wife, and philanthropic organizations founded by his children.

Buffett was one of only three trustees at the foundation – the other two being Bill and Melinda Gates.
Founded in 2000, the Gates Foundation focuses on combating poverty, disease and inequity, spending $54.8 billion in its first two decades.

Bill Gates said in a statement that the foundation “Will always have a deep sense of accountability to Warren, paying close attention to the data to track our progress and identify where we can do better. But the value of Warren’s gift goes beyond anything that can be measured. I am truly grateful for his wisdom and leadership, and most of all for his enduring friendship. Warren will continue to inspire our foundation as we work to fight poverty and help millions of people live healthier lives.”

Melinda Gates said that she is “grateful for Warren’s generosity, his leadership, and his friendship. His wisdom has been a guiding light through our foundation’s second decade, and the things we’ve learned from him will continue to help us chart a way forward,”

Legacies: Here’s Why Hope Can’t Use Her Vampire Powers

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Legacies
Legacies/Getty Images

Legacies: here’s why Hope can’t use her vampire powers. The big bad Klaus Mikaelson daughter Hope, is not yet able to use her vampire powers since she has not yet died.

Hope Mikaelson is the powerful heroine of The Originals spin-off Legacies, but why can’t the character use her vampire powers yet? Debuting in late 2018, Legacies is the second spin-off from the massively popular CW hit The Vampire Diaries that dwells around teenagers with supernatural gifts.

Legacies: Here's Why Hope Can't Use Her Vampire Powers
Hope Mikaelson/Legacies

The series follows the fortunes of a group of supernaturally-powered students attending the Salvatore School For the Young and Gifted. However, for much of its first three seasons, two of the school’s students received the lion’s share of Legacies’ focus when it comes to the show’s primary plotline. Hope Mikaelson and her part-Phoenix, part-Malivore love interest Landon Kirby is the central duo that the action of Legacies revolves around, and despite them being the show’s most important figures, Hope’s powers are still not entirely clear as the series nears the close of season 3.

Hope is technically a Tribrid (a triply-powered hybrid gifted with the abilities of a werewolf, a witch, and a vampire all in one). However, she has yet to access any of the vampire portions of her abilities, meaning that this third of her powers has taken a backseat in the action of Legacies so far – which is somewhat ironic, given that show is a spinoff of The Vampire Diaries. But here’s what you need to keep in mind, Hope has yet to die or be killed, and she can only activate her vampire abilities once that happens since vampires are being defined as undead beings.

Legacies: Here's Why Hope Can't Use Her Vampire Powers
Hope Mikaelson/Legacies

(Original) Vampire blood may run through her veins thanks to her famous lineage, but she can’t access that power until her death and subsequent resurrection as a vampire. Hope may have had a lengthy season 2 plot where she was forgotten by herself and the denizens of the Salvatore School, but she has not actually died and, as vampires are immortal and undead, Hope can’t become one of them until she has been canonically killed off in the first place.

Microsoft is Now The Second US Company To Reach $2 Trillion Networth

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My1sttoday: Microsoft is now the second US company to reach $2 Trillion networth. Microsoft Corp. took its place in the history books as just the second U.S. public company to reach a $2 trillion market value joining Apple Inc, according to Bloomberg.

Its shares rose as much as 1.2% in New York on Tuesday, enough for the software company to briefly join Apple Inc. as one of only two companies trading at such a lofty value before closing pennies short of the mark at $265.51. Saudi Aramco eclipsed that threshold briefly in December 2019, but currently has a market value of about $1.9 trillion.

Source/Bloomberg

Since taking the reins in 2014, Chief Executive Officer Satya Nadella has reshaped the Redmond, Washington-based company into the largest seller of cloud-computing software, counting both its infrastructure and Office application cloud units. Microsoft is also the only one of the biggest U.S. technology companies that has so far evaded the recent wave of scrutiny from increasingly active American antitrust regulators, giving it a freer hand in both acquisitions and product expansion.

Microsoft has gained 19% so far this year, outperforming Apple and Amazon.com Inc., as investors piled into the stock on expectations of long-term growth for both earnings and revenue, and expansion in areas like machine learning and cloud computing. The company’s third-quarter results, released in late April, topped expectations and demonstrated strong growth across its business segments.
The tech-heavy Nasdaq 100 Index outperformed the S&P 500 Index on Tuesday after Federal Reserve Chair Jerome Powell reiterated his view that inflation will be short lived. Both benchmarks extended gains after Powell’s comments with the Nasdaq 100 closing up 0.9% and the S&P 500 up 0.5%.

Microsoft “has its hands in a lot and it is doing it all well: gaming, cloud, automation, analytics, AI,” said Hilary Frisch, senior research analyst at Clearbridge Investments. “It is an attractively valued name within tech, and it should benefit from both the economy reopening as well as from a more pronounced shift toward the cloud.”

While it took Microsoft 33 years from its IPO to reach its first $1 trillion in value in 2019, the next trillion only took about two years amid a surge in popularity in tech stocks before the Covid-19 pandemic and during the health crisis. Apple made Wall Street history when it reached $2 trillion last year.

Among U.S. names, the pair are trailed by Amazon, which has a market cap of nearly $1.8 trillion, and Alphabet Inc., which is valued around $1.6 trillion.
“Microsoft checks all the boxes: it is in the markets that investors favor, it offers strong and sustainable growth, and it remains very well positioned to capitalize on the long-term secular trends we see in technology,” said Logan Purk, an analyst at Edward Jones. A $2 trillion valuation “is warranted, given how it has pivoted toward the cloud, and it remains attractively valued even given the strong performance.”

According to data compiled by Bloomberg, more than 90% of analysts recommend buying Microsoft, while none has the equivalent of a sell rating on the stock. The average price target points to upside of about 11% from current levels.

Dogecoin Flying to The Moon Amid Coinbase Listing Coming on June 3rd

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Dogecoin Flying to The Moon Amid Coinbase Listing Coming on June 3rd

My1sttoday: Dogecoin flying to the moon amid Coinbase listing coming on June 3rd 2021.

The sixth most valuable crypto asset by market value is enjoying significant buying pressures amid its listing on the world’s most valuable crypto exchange (Coinbase Pro).

At the time of writing this report, Dogecoin traded at $0.41447 with daily gains of about 16% for the day. The top dog meme coin is currently the sixth most valuable crypto with a market value of about $51 billion.

Recent price actions reveal the digital asset is enjoying significant buying demand despite recent price correction prevailing on many crypto assets on reports that Coinbase Pro, the professional trading arm of Coinbase, has begun accepting inbound transfers for the popular crypto asset triggering Dogecoin’s popularity.

A press release by the American Crypto exchange stated:

“Starting June 1, inbound transfers for DOGE are now available in the regions where trading is supported. Traders cannot place orders and no orders will be filled. Trading will begin on or after 9 AM PT on Thursday, June 3, if liquidity conditions are met.”

Crypto experts say the recent inclusion of the digital asset on Coinbase is likely to boost the value and usage, taking into consideration the crypto exchange’s boast of being the most powerful institutional entity in the crypto-verse. Meanwhile Dogecoin has made some folks millionaire’s, with the influence of the world 3rd richest person Elon Musk who endorses the coin severally and said it’s his favourite coin.

Dallas Rapper Lil Loaded “6locc 6a6y” Dies at 20

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Dallas Rapper Lil Loaded

My1sttoday: Dallas rapper Lil Loaded “6locc 6a6y” dies at 20.

The 20-year-old, who had a viral hit in 2019 with his song “6locc 6a6y,” in summer 2019, has confirmed dead.

The rapper, real name Dashawn Robertson, was facing a manslaughter charge in connection with the fatal shooting of 18-year-old Khalil Walker in October last year.

Dallas Morning News reports that he had a hearing scheduled for Tuesday 1 June.

NBC reports that his attorney, Ashkan Mehryari, said Robertson died by suicide.

“He had a very bright and promising music career ahead of him,” he said.

An official with the Dallas County medical examiner’s office said that cause and manner of Robertson’s death had not yet been determined.

Dallas Rapper Lil Loaded "6locc 6a6y" Dies at 20
Dallas Rapper Lil Loaded “6locc 6a6y” Dies at 20 (Getty Images)

Fans became concerned for his welfare on Monday 31 May after he apparently posted a cryptic message on his Instagram story.

He had recently celebrated a milestone for “6locc 6a6y”, sharing the news with his fans that it had been certified Gold by the Recording Industry Association of America (RIAA).

Stanley Gabart, whose production company worked with the record label, said the death of a young man who was so talented and full of joy came as a shock.

“This kid was on a great path,” he said, adding that he loved watching Robertson make music.

“He was struggling with some things we wish we would’ve known about, wish we could’ve intervened” and gotten to a different outcome, Gabart said.

Jeff Bezos’ Ex-wife, “Mackenzie Scott” Now The 10th Richest Person in Tech

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Jeff Bezos’ Ex-wife,

My1sttoday: Jeff Bezos’ ex-wife, “Mackenzie Scott” now the 10th richest person in tech.

When we heard Mackenzie Scott and Jeff Bezos are divorcing, we knew she will become wealthy. She was expected to get something substantial from the divorce and in the end, the ‘substantial amount’ made her the 10th richest person in tech.

Mackenzie Scott is currently richer than Michael Dell, and Chinese billionaires, Jack Ma and Wang Xing.

What is Mackenzie Scott’s Net Worth?

According to Forbes, Mackenzie Scott is currently worth a whopping $57.5 billion after getting a quarter of Amazon shares in 2019 following the divorce from her husband. This has made her richer than tech moguls like Michael Dell, the owner of Dell Computers, and Jack Ma, once the richest man in China.

Where is Her Wealth Going To?

Mackenzie Scott has given out more of her wealth than any philanthropist in recent times. Since the divorce, she has given out as much as $5.8 billion to diverse foundations, according to Forbes.

Meanwhile her Ex husband is the second richest person after losing the first spot to French fashion mogul Bernard Arnault on Monday.

Jeff Bezos Will Step Down as Amazon CEO on July 5th, Same Date The Company Was Incorporated in 1994

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My1sttoday: Jeff Bezos will step down as Amazon CEO on July 5th, same date the company was incorporated in 1994.

In his last shareholder meeting as Amazon’s CEO, Jeff Bezos announced that he would officially step down from the role on July 5.

“We chose that date because it’s sentimental for me, the day Amazon was incorporated in 1994, exactly 27 years ago,” Bezos said on Wednesday.

Bezos officially announced in February that he would leave his CEO post in the third quarter.

Andy Jassy will be taking over the position, the head of Amazon’s cloud-computing division, Amazon Web Services. Jassy has been at the company for 24 years.

Jeff Bezos in 1997 (Getty Images)

Jassy “is going to be an outstanding leader, and he has my full confidence,” Bezos said.

“He has the highest of high standards, and I guarantee that Andy will never let the universe make us typical,” Bezos added. “He has the energy needed to keep alive in us what has made us special.”

Bezos is not leaving Amazon altogether — he’ll become the executive chair of the company.

“I’m very excited to move into the chair role, where I will focus my energies and attention on new products and early initiatives,” Bezos said.

Bernard Arnault Overtakes Jeff Bezos to Become The World’s Richest Man After His Net Worth Hits $186B

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Bernard Arnault Overtakes Jeff Bezos to Become The World's Richest Man After His Net Worth Hits $186B

My1sttoday: Bernard Arnault overtakes Jeff Bezos to become the world’s richest man after his net worth hits $186B.

The French Billionaire, today moved ahead of Bezos to become the world’s richest man as his net worth climbed to $186.3billion.

The chief executive of Moët Hennessy Louis Vuitton (LVMH) saw his luxury goods firm stock increase by 0.4 per cent during the first hours of trading on Monday.

Bernard Arnault Overtakes Jeff Bezos to Become The World's Richest Man After His Net Worth Hits $186B

The rise pushed Arnault’s personal stake up by more than $600million and placed LVMH’s market cap at $320billion, according to Forbes.

The rise saw Arnault’s net worth jump to $186.3billion, placing him $300million above Amazon CEO Jeff Bezos, who worth $186billion.

Bernard Arnault Overtakes Jeff Bezos to Become The World's Richest Man After His Net Worth Hits $186B
The French billionaire ‘pictured with Helene in 2019’ has seen his fortune jump more than $110billion in the past 14 months (ABACA/PA Images)

It comes just days after Arnault pushed Elon Musk, worth $147.3billion, out of his spot as the world’s second richest man after Tesla’s share price sank.

Arnault, 72, has seen his fortune jump more than $110billion in the past 14 months thanks to his French luxury goods firm LVMH, which owns the likes of Louis Vuitton, Fendi, Christian Dior and Givenchy in its portfolio of 70+ luxury brands.

Bernard Arnault Overtakes Jeff Bezos to Become The World's Richest Man After His Net Worth Hits $186B
Bezos, 57, ‘pictured with girlfriend Lauren Sanchez in January 2020’ (Getty Images)

In January, LVMH made a huge luxury fashion business deal after acquiring Tiffany & Co., while Arnault then promoted his son to leadership of the American jeweler.

Arnault’s fortune has jumped from just $76billion in March last year to $186.3billion as his luxury goods cooperation has profited despite the ongoing pandemic.