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The Latest Breaking News from Jeff Bezos

Jeff Bezos' Blue Origin is boosting employee pay to compete with SpaceX—but an advisor warns of 'golden handcuffs'

Jeff Bezos's space company is reportedly sweetening employee stock packages, but workers who leave for a competitor within 18 months could forfeit it all.

Fortune

Jeff Bezos's wife Lauren Sánchez could not afford a prom dress growing up. Now she and the Amazon founder are donating $34 million to fashion

In a significant philanthropic move, Lauren Sanchez and Jeff Bezos have pledged $34 million towards cutting-edge sustainable textile research. This funding aims to advance the creation of biodegradable fibers and plastic-free synthetic silk. For Sanchez, this initiative is particularly meaningful, having faced personal hardships in her youth. The couple also…

The Times of India

The MacKenzie Scott paradox: How a bull market lets billionaires give away tens of billions without getting poorer

MacKenzie Scott has donated $26 billion, but is still worth more than $35 billion.

Fortune

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Jeff Bezos’ Amazon is taking on Elon Musk on his home turf

Amazon indicated that the South African deal is the first step in its broader African expansion

The Independent UK

Mark Zuckerberg and Jeff Bezos may have enough money to buy entire countries, but they cannot buy their way into this exclusive club on Florida's 'Billionaire Bunker'

A wave of tech billionaires is transforming the real estate landscape on Miami's exclusive Indian Creek Island, snagging up luxury residences. However, simply owning a home here isn't enough to secure membership in the sought-after country club; one must be nominated and sanctioned by a board. This uptick in affluent…

The Times of India

Amazon Replaced a 50-Person Team With 5 Guys and AI in 65 Days, While Bezos Claims AI Won't Kill Jobs

Amazon's AI-driven restructuring highlights efficiency gains, completing a year-long project in 65 days with five staff. Jeff Bezos predicts AI will create labour shortages, not job losses.

International Business Times UK

Four out of ten Britons still don’t know who Andy Burnham is, poll shows

Incoming prime minister mistaken for Richard Osman, Mel Gibson and Jeff Bezos as shocking poll lays bare the uphill challenge he faces

The Independent UK

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Jeff Bezos's ex-wife MacKenzie Scott is still worth $33 billion after giving away $10 million a day for seven years, but she once worked as a dishwasher and waitress, earning minimum wage of $4.25 an hour

MacKenzie Scott, a prominent philanthropist, skillfully balances her substantial wealth with a commitment to giving away billions each year. Having endured financial struggles in her youth through low-wage jobs, her life changed dramatically post-divorce from Jeff Bezos when she gained valuable Amazon shares. Scott's unique approach involves providing unrestricted grants…

The Times of India

Quote of the Day by Jeff Bezos: "If you decide that you’re going to do only the things you know are going to work, you’re going to leave..." Amazon founder's powerful success lesson that every dreamer, entrepreneur and professional should read

Quote of the Day by Jeff Bezos: Jeff Bezos' quote “If you decide that you’re going to do only the things you know are going to work, you’re going to leave a lot of opportunity on the table" emphasizes you might leave or miss out on an opportunity on the…

The Economic Times

Jeff Bezos quit a million-dollar Wall Street job, while ex-wife MacKenzie Scott drove the borrowed Chevy where Amazon's first business plan was written

Jeff Bezos left a lucrative career to pursue an internet commerce idea and wrote Amazon's initial business plan during a five-day road trip. Bezos unknowingly laid the foundation of a $3 trillion empire. MacKenzie Scott supported his vision and played a significant role in early operations. Bezos's early sales predictions…

The Economic Times

SpaceX and Amazon are tech doppelgangers worth $4.5 trillion—and they're headed for a collision

Elon Musk’s space-and-AI company lost $4.9 billion last year and trades at 97 times sales. Investors need a lot to go right.

Fortune

MacKenzie Scott donated over $26 billion since 2019. Here's how she's remains among world's richest women

MacKenzie Scott recently donated twenty million dollars to Active Minds for youth mental health. This significant contribution adds to her over twenty-six billion dollars given since 2019. Her wealth remains substantial due to her Amazon holdings which continue to increase in value. Scott distributes funds through Yield Giving, offering unrestricted…

The Economic Times

While Jeff Bezos was sitting in the passenger seat writing Amazon's business plan in 1994, his wife MacKenzie Scott was driving them on a 2,000-mile road trip across US in a borrowed car

While on a 2,000-mile road trip, Jeff Bezos envisioned the business plan for Amazon, ultimately leaving a high-paying Wall Street career to turn that vision into reality. With his wife, MacKenzie Scott, handling essential operations, they started small, predicting moderate sales. However, the response surpassed their expectations, leading Amazon to…

The Times of India

Quote of the day by Jeff Bezos’ ex-wife MacKenzie Scott: "My approach to philanthropy will continue to be thoughtful. It will take time and effort and care. But…" - why thoughtful generosity should never be delayed

MacKenzie Scott advocates for immediate and thoughtful philanthropy, rejecting delays for perfect solutions. She believes urgency is crucial when addressing poverty and crisis situations. Scott's approach involves significant trust in recipient organizations to manage funds effectively. This method has demonstrably improved the long-term financial stability of many groups. Her philosophy…

The Times of India

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The Guardian - UK

Dining across the divide: ‘She’s fine with billionaires – I would call them hoarders’

A comms director and a charity worker disagreed on taxation, but how did they fare on the climate crisis?

Benzinga

Elon Musk Says ‘Sadly, Yes’ Jeff Bezos’ Ex-Wife MacKenzie Scott Has Donated Over $26 Billion — And It’s Making the World Worse

Good intentions don’t always earn universal applause. Sometimes they earn a two-word reply instead.

Benzinga

Bernie Sanders Says People Like Kevin O’Leary ‘Live in Their Own World’ After Calling His $28 Lunch Advice Out of Touch With Ordinary Americans

Sometimes a $28 lunch is just a lunch. Other times, it turns into a national argument over whether America’s wealthiest voices have lost touch with everyday life.

Benzinga

Trump Says ‘I Don’t Like Anything That’s Artificial’ — So He Wants To Change The Name AI, ‘It’s Genius. It’s Pure Genius’

Some people debate what artificial intelligence can do. President Donald Trump decided to debate what it should be called.

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The Guardian - US

Wally Funk, aviation pioneer and oldest woman to go into space, dies at 87

Trailblazing pilot was denied opportunity to become Nasa astronaut but made history on Blue Origin flight in 2021

The Independent UK

Wally Funk death: Oldest woman to travel into space dies at 87

Funk was one of 13 female pilots who went through the same tests as NASA’s all-male astronaut corps in the early 1960s but never made it into space

Fortune

Billionaire MacKenzie Scott just donated $20 million to support America’s youth mental health, as a fifth of teens struggle with suicidal thoughts

MacKenzie Scott, worth $35.8 billion, just donated a record-breaking gift to the U.S. nonprofit Active Minds to support a “new era of mental health.”

International Business Times UK

Bezos Seeks $10B for Blue Origin in First Outside Fundraising: SpaceX Is Worth Nearly 15 Times More

Jeff Bezos' Blue Origin seeks $10 billion in its first external funding round, marking a strategic shift as it aims to expand its space infrastructure amidst rising industry costs and stiff rivalry from SpaceX.

The Economic Times

Meet 'the next Albert Einstein' Sabrina Gonzalez Pasterski: Stephen Hawking cited her research, NASA and Jeff Bezos wanted to hire her, she turned down a $1.1 million offer

Sabrina Gonzalez Pasterski built and flew a single-engine aircraft at a young age when she was just 12. Her research on the spin memory effect was cited by Stephen Hawking. Pasterski declined lucrative offers from NASA and Jeff Bezos' Blue Origin to pursue fundamental physics questions. She now leads research…

Fortune

Bezos' Blue Origin is raising outside capital for the first time to compete for NASA contracts as rival SpaceX’s stock falters

Bezos ramps up his rivalry with Elon Musk over space with the move, letting in institutional investors right as SpaceX stumbles in public markets

Barchart

Jeff Bezos Says ‘We Don’t Have a Revenue Problem’ in America — Bottom Half Paying Just 3% of Taxes Means ‘We Can Find 3%’

Amazon founder Jeff Bezos says America has a spending—not a revenue—problem, arguing the bottom half of taxpayers should pay zero federal income tax and that vilifying billionaires misses the point.

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