Report includes Jeff Bezos, whose personal fortune has risen by 65% since 18 March
The already vast fortunes of America’s 643 billionaires have soared by an average of 29% since the start of the coronavirus pandemic, which has at the same time laid waste to tens of millions of jobs around the world.
The richest of the superrich have benefited by $845bn , according to a report by a US progressive thinktank, the Institute for Policy Studies.
Continue reading...In a historic congressional antitrust hearing, Democrat Lucy McBath played a recording to Amazon chief Jeff Bezos of the testimony of a bookseller who sold books via Amazon. The businesswoman had felt her sales were throttled by the tech giant.
In the recording, the seller pleads with Bezos to help her company, which supports 14 people. Bezos responded by saying he was surprised by the anecdote and expressed wanting to meet the woman
Continue reading...The US’s top tech bosses were told they have “too much power”, are censoring political speech, spreading fake news and “killing” the engines of the American economy, at a combative congressional hearing on Wednesday.
The historic hearing in Washington saw Jeff Bezos of Amazon, Tim Cook of Apple, Mark Zuckerberg of Facebook and Sundar Pichai of Google’s parent Alphabet appear before members of the House judiciary’s antitrust subcommittee and face intense questioning from lawmakers from both sides of the aisle.
Continue reading...House lawmakers said they could subpoena CEO to testify in antitrust investigation if he doesn’t appear voluntarily
A bipartisan group of House lawmakers investigating Amazon for possible antitrust violations have demanded that Jeff Bezos testify before Congress to address statements by the company that “appear to be misleading, and possibly criminally false or perjurious”.
“Although we expect that you will testify on a voluntary basis, we reserve the right to resort to compulsory process if necessary,” seven leaders of the House judiciary committee, including the chair Jerry Nadler, wrote in a letter to the Amazon CEO on Friday.
Continue reading...Alabama company Dynetics also chosen for moon landing project, as three firms prepare to compete
Nasa has selected three private space companies to lead the development of lunar landers for its forthcoming moon landings.
The three companies are Blue Origin, owned by Amazon’s CEO, Jeff Bezos; Elon Musk’s SpaceX; and Dynetics, based in Huntsville, Alabama, Nasa announced on Thursday.
Continue reading...Stock market crash strips billionaire status from 267 of world’s richest people in the annual list
Donald Trump lost an estimated $1bn of his paper fortune in the past month as the coronavirus lockdown forced the closure of offices, shopping centres, hotels and golf courses he owns.
The US president’s fortune has fallen from an estimated $3.1bn (£2.5bn) on 1 March to $2.1bn on 18 March (at the height of stock market panic caused by the coronavirus pandemic) according to Forbes magazine’s annual billionaires list.
Continue reading...In lawsuit, Michael Sanchez has accused AMI of plot to ‘scapegoat’ him, and has cast doubt on claim that he was the ‘sole source’
A top executive at the tabloid publisher behind the National Enquirer said in a private email that he was “saving for my tombstone” the untold story of how the tabloid uncovered a 2019 exclusive about Jeff Bezos’s extramarital relationship, according to a lawsuit against the publisher.
The claim raises new questions about how American Media Inc (AMI) discovered the Amazon CEO’s relationship, and how it obtained knowledge of explicit sexual photographs that Bezos, one of the world’s richest men, has alleged were used against him by the publisher for “extortion and blackmail”.
Continue reading...Move comes a month after Amazon threatened to fire employees who spoke out about company’s role in the climate crisis
Jeff Bezos, the Amazon founder and Washington Post owner, announced on Monday that he was donating $10bn to save the Earth’s environment – barely a month after it was revealed Amazon threatened to fire employees who spoke out about the company’s role in the climate crisis.
The new Bezos Earth Fund will start distributing the money this summer, the multi-billionaire said in an Instagram post to his 1.4 million followers.
Continue reading...Amazon founder purchases nine-acre estate once owned by Warner Bros president, Wall Street Journal says
Jeff Bezos has set a new property price record in Los Angeles with the purchase of a $165m Beverly Hills estate, the Wall Street Journal reported.
The Amazon founder’s purchase of the home from the media mogul David Geffen is the largest amount paid for a single-family Los Angeles-area home. The nine-acre estate originally belonged to Jack Warner, the late former president of Warner Bros Studios. Warner built up the estate’s 13,600-sq-ft Georgian-style mansion in the 1930s, reportedly with the wood floor that Napoleon was standing on when he proposed to Josephine.
Continue reading...Amazon founder interviewed as FBI conducts inquiry into Israeli firm linked to malware
Jeff Bezos met federal investigators in April 2019 after they received information about the alleged hack of the billionaire’s mobile phone by Saudi Arabia, the Guardian has been told.
Bezos was interviewed by investigators at a time when the FBI was conducting an investigation into the Israeli technology company NSO Group, according to a person who was present at the meeting.
Continue reading...Democratic lawmaker asks agency if it is confident the Saudi government has not sought to hack US officials
The US National Security Agency is facing questions about the security of top Trump administration officials’ communications following last week’s allegations that the Saudi crown prince may have had a hand in the alleged hack of Jeff Bezos.
Ron Wyden, a senior Democratic lawmaker, asked the director of the NSA whether he was confident that the Saudi government had not also sought to hack senior US government officials, including the White House adviser Jared Kushner, who has reportedly had a WhatsApp relationship with the Saudi heir.
Continue reading...Exclusive: US agencies believed kingdom intended to monitor Hatice Cengiz after journalist killed
US intelligence authorities urged British counterparts to keep a close eye on Hatice Cengiz, the fiancee of the murdered Saudi journalist Jamal Khashoggi, after they became aware of a plan by Saudi Arabia to keep her under surveillance in the UK last year, according to western intelligence sources.
The US believed the kingdom had the “ambition and intention” to monitor Cengiz in London last May, seven months after Khashoggi was killed in the Saudi consulate in Istanbul, where he had gone to obtain papers so the couple could marry.
Continue reading...Information suggests alleged targeting of Amazon chief was part of a wider campaign to pick off individuals close to Khashoggi
The message, it seems, could not have been clearer.
On 8 November 2018, just one month after the assassination of Jamal Khashoggi, Jeff Bezos, the world’s richest man, received an unsolicited text from Mohammed bin Salman’s WhatsApp account.
Continue reading...It is not known how many people Prince Mohammed shared WhatsApp messages with in 2018 other than Jeff Bezos
Jeff Bezos was far from the only American VIP who met Saudi Arabia’s crown prince in the spring of 2018. During a coast-to-coast tour Mohammed bin Salman had personal encounters with dozens of celebrities, politicians and tech titans including George Bush, Richard Branson and Bill Gates.
Continue reading...‘Grave concern’ expressed at evidence of possible ‘effort to silence Washington Post’
UN experts are demanding an immediate investigation by the US into evidence indicating that Jeff Bezos, the billionaire owner of the Washington Post, was hacked with spyware deployed in a WhatsApp message sent from the personal account of Saudi Arabia’s crown prince, Mohammed bin Salman.
The special rapporteurs – Agnès Callamard and David Kaye – said in a joint statement they were “gravely concerned” by evidence they had reviewed about the apparent surveillance of Bezos in what they described as a possible “effort to influence, if not silence, the Washington Post’s reporting on Saudi Arabia”.
Continue reading...Apparent targeting of Amazon billionaire’s phone fits into broader pattern of behaviour by Saudi Arabia
Jeff Bezos, the billionaire owner of the Washington Post, had no reason to be suspicious when he received a WhatsApp message from the account of the crown prince of Saudi Arabia in May 2018.
Bezos and Mohammed bin Salman had attended a dinner together in Hollywood a few weeks earlier hosted by Brian Grazer, the Oscar-winning producer, and Ari Emanuel, the powerful talent agent, as part of the young crown prince’s tour of America, which was hailed by some observers as an effort to rebrand the kingdom and set it on a new course.
Continue reading...Exclusive: investigation suggests Washington Post owner was targeted five months before murder of Jamal Khashoggi
The Amazon billionaire Jeff Bezos had his mobile phone “hacked” in 2018 after receiving a WhatsApp message that had apparently been sent from the personal account of the crown prince of Saudi Arabia, sources have told the Guardian.
The encrypted message from the number used by Mohammed bin Salman is believed to have included a malicious file that infiltrated the phone of the world’s richest man, according to the results of a digital forensic analysis.
Continue reading...Jeff Bezos pledges funds to help digitise small businesses as anti-Amazon protests spread
Amazon’s founder, Jeff Bezos, has pledged to invest $1bn (£776m) in small businesses in India, despite a growing backlash against the online retailer by the country’s powerful local traders.
During a three-day visit to India, where Amazon has its sights set on dominating the burgeoning e-commerce market, Bezos laid out his ambitious plans for Amazon’s investment in India over the next five years, including helping to digitise millions of small businesses.
Continue reading...The Apollo 11 mission inspired the world. What has happened in the ensuing half-century?
When Neil Armstrong stepped on to the moon 50 years ago, it was down to a giant leap of political and scientific imagination. His footprints on the powdery lunar surface changed the way we saw ourselves, confirming that humanity could escape its earthly coils. The mission unleashed a dream of what we as a species might do. Yet only a dozen people have walked on the moon, all between the summer of 1969 and the end of 1972.
Did we lose our primordial urge to explore? Almost certainly not – though Buzz Aldrin this week decried “50 years of non-progress”, probes have travelled to Pluto and beyond. But times have changed. The cold war rivalry that catalysed the space race vanished. The Soviet Union was first with a satellite, dog and astronaut in space. Today Washington and Moscow play the great game in the Middle East, not the heavens, although both are now contemplating a return to the moon: Donald Trump wants to make America great again by putting astronauts there by 2024, though some think China may get there first; Russia talks of landing cosmonauts by 2030.
Continue reading...Ex-wife MacKenzie Bezos will become world’s fourth-richest woman but has promised to give away half of award
The world’s biggest divorce settlement will be made official this week as Amazon billionaire Jeff Bezos hands over a 4% stake in the online shopping giant to his soon-to-be ex-wife MacKenzie Bezos.
A judge is expected to sign legal papers transferring the Amazon shares – worth $38bn (£29bn) – into MacKenzie Bezos’s name. It is by some distance the largest divorce settlement in history the previous record was $2.5bn paid to Jocelyn Wildenstein when she divorced art dealer Alec Wildenstein in 1999.
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