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Jeff Bezos Becomes The First Person To Ever Worth $200 Billion

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images 2020 08 27T192114.622 Jeff Bezos Becomes The First Person To Ever Worth $200 Billion

The world’s richest person, Jeff Bezos, is wealthier than he’s ever been. Early Wednesday he crossed a milestone previously unseen in the nearly four decades Forbes has been tracking net worths: With Amazon stock edging up 2% as of Wednesday afternoon, Bezos’ net worth is up by $4.9 billion, making the 56-year-old the world’s first-ever person to amass a $200 billion fortune.
As of 1:50 p.m. EDT on Wednesday, the Amazon founder and CEO is worth $204.6 billion—nearly $90 billion more than the world’s second-richest person, Bill Gates, who’s currently worth $116.1 billion.
Even adjusting for inflation, Forbes believes Bezos’ fortune is the largest ever amassed. The person to come closest: Bill Gates, who was the world’s first-ever centibillionaire. Near the height of the dot-com bubble, when Microsoft reached its then-peak in 1999, Gates’ net worth surpassed $100 billion, roughly $158 billion in today’s dollars.
Fueled by the change in consumer habits as a result of the coronavirus pandemic, Amazon stock is up nearly 80% since the beginning of the year, and Bezos’ net worth, which was roughly $115 billion on January 1, has skyrocketed in tandem. Bezos’ roughly 11% stake in Amazon makes up more than 90% of his fortune. He also owns the Washington Post, aerospace company Blue Origin and other private investments.
Bezos would be even richer had he not gone through the most expensive divorce settlement in history last year. When he split from ex-wife, MacKenzie Scott, last July, he agreed to give her 25% of his Amazon stake, a chunk of stock now worth $63 billion. Even after giving away $1.7 billion in charitable gifts earlier this year, Scott is currently the world’s 14th-richest person and second-richest woman, behind L’Oréal heiress Françoise Bettencourt Meyers.
Bezos isn’t alone among tech titans with fortunes surging to massive new heights. Facebook’s Mark Zuckerberg ended Tuesday as a brand-new centibillionaire, worth $103.1 billion after adding $3.4 billion to his fortune in one day, on Facebook stock gains. That surge continued early Wednesday afternoon, with Zuckerberg up an astonishing $6 billion just on Wednesday as of publication time. He’s now worth $109.1 billion.
There are now more centibillionaires on the planet than ever. Joining Bezos, Gates and the newly crowned Zuckerberg is LVMH chair Bernard Arnault, who first joined the 12-figure ranks last year. Though his net worth slipped to about $80 billion at the height of the coronavirus pandemic in March, Arnault reclaimed the centibillionaire title in May and today is worth about $115 billion. This makes him the third-richest person on earth–$90 billion poorer than Jeff Bezos.

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Muslim World Protests , Condemns Macron’s Support For Offensive Cartoons

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67506 scaled Muslim World Protests , Condemns Macron's Support For Offensive Cartoons

– Charlie Hebdo published the cartoon amid tensions between France and Turkey
– French school teacher was beheaded for showing Mohammed cartoons to his class
– France President – Emmanuel Macron has drawn anger in the Islamic world by defending offensive cartoons
– Erdogan called the cartoonists ‘scoundrels’ and accused the West of wanting to ‘relaunch the crusades’ with attacks on Islam
– Bangladeshis joined calls to boycott French products, which is already underway in Jordan, Kuwait and Qatar
– Iranian newspaper depicted Macron as the Devil, as ambassador in Tehran was summoned in protest
The Islamic world’s anger at France deepened today as Turkey condemned a Charlie Hebdo cartoon showing its president Recep Tayyip Erdogan lifting a woman’s burka to look at her naked backside.
Erdogan called the cartoonists ‘scoundrels’ and accused the West of wanting to ‘relaunch the Crusades’ by attacking Islam after the image appeared on the front of this week’s magazine.
‘I don’t need to say anything to those scoundrels who insult my beloved prophet on such a scale,’ Erdogan said, calling it a ‘disgusting attack’.
Showing Erdogan in a T-shirt and underpants, the caricature has Erdogan saying ‘Ooh, the Prophet’ as he looks at the woman’s backside, and comes with the caption: ‘Erdogan – in private he’s very funny’.
A Charlie Hebdo cartoon showing the naked Prophet’s backside was the image which French school teacher Samuel Paty showed to his class in the lesson which led to his murder and beheading earlier this month.
French president Emmanuel Macron has staunchly defended free expression and the right to mock religion in the wake of the terror attack, but has become a target of anger in the Islamic world.
Turkey has vowed to take ‘legal, diplomatic actions’ in response to the cartoon while Iran’s president Hassan Rouhani also took aim at France today by warning that insulting the Prophet would encourage ‘violence and bloodshed’.
Rouhani said that ‘the West should understand that… insulting the Prophet is insulting all Muslims, all prophets, all human values, and trampling ethics’.
‘Insulting the prophet is no achievement. It’s immoral. It’s encouraging violence,’ Rouhani said in a televised speech during the weekly cabinet meeting.
‘It’s a surprise that this would come from those claiming culture and democracy, that they would somehow, even if unintentionally, encourage violence and bloodshed,’ he added.
Rouhani also called on the West to ‘stop interfering in Muslims’ internal affairs’ if it ‘truly seeks to achieve peace, equality, calm and security in today’s societies’.
European leaders have come to Macron’s defence in his row with Erdogan, with Britain’s foreign secretary Dominic Raab today calling on NATO allies to stand together in defence of tolerance and free speech.
‘The UK stands in solidarity with France and the French people in the wake of the appalling murder of Samuel Paty,’ Raab said in a veiled rebuke to Turkey.
Erdogan has accused the French leader of an ‘anti-Islam agenda’ and tangled with him on other issues including Syria and the Mediterranean.
The Ankara prosecutor’s office said it was launching an investigation into the publication of the cartoon.
‘French president Macron’s anti-Muslim agenda is bearing fruit,’ Erdogan’s top press aide Fahrettin Altun said today.
Altun said the image was a ‘most disgusting effort by this publication to spread its cultural racism and hatred’.
‘Charlie Hebdo just published a series of so-called cartoons full of despicable images purportedly of our President,’ he said.
Turkey’s vice president Fuat Oktay also condemned the ‘immoral publication’ by what he called an ‘incorrigible French rag’.
‘I call on the moral and conscientious international community to speak out against this disgrace,’ the vice president said.
Macron has vowed that France will stick to its secular traditions and laws guaranteeing freedom of speech which allow publications such as Charlie Hebdo to produce inflammatory cartoons of the Prophet Mohammed.
The French government has also shut down a Paris mosque and raided other Islamic associations in the wake of Paty’s killing in the Paris suburbs earlier this month.
Paty showed his students some of the cartoons in a lesson on free speech, leading to an online campaign against him which ended in his grisly murder.
An attack on Charlie Hebdo by jihadists in 2015 left 12 people dead, including some of its most famed cartoonists.Macron’s defence of Charlie Hebdo, and his recent comment that Islam worldwide is ‘in crisis’, have prompted Erdogan to urge Turks to boycott French products.
Macron’s stance has also sparked anti-France protests in Turkey and in other Muslim countries including Bangladesh.
Tehran summoned a senior French envoy, the charge d’affaires, and the Saudi foreign ministry posted on Twitter to denounce ‘the offensive cartoons of the Prophet’.
Malaysia’s opposition leader Anwar Ibrahim slammed Macron’s comments on Islam being in crisis as ‘offensive’ and ‘unreasonable’, adding in a statement: ‘With freedom comes responsibility.’
Macron has also drawn fire in Pakistan and Morocco, while the Palestinian Islamist group Hamas, the Taliban in Afghanistan and the Lebanese Shiite movement Hezbollah have also spoken out against France.
Previously, European leaders including German chancellor Angela Merkel had defended Macron after Erdogan suggested he needed ‘mental checks’.
‘They are defamatory comments that are completely unacceptable, particularly against the backdrop of the horrific murder of the French teacher Samuel Paty by an Islamist fanatic,’ Merkel’s spokesman Steffen Seibert said.
On Tuesday, Dutch PM Mark Rutte came to the defence of his country’s far-right politician Geert Wilders after Erdogan brought legal action against him.
Wilders had shared a cartoon of the Turkish president wearing an Ottoman hat shaped like a bomb with a lit fuse on Twitter.
‘I have a message for President Erdogan and that message is simple: In the Netherlands, freedom of expression is one of our highest values,’ Rutte said.

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Goodluck Jonathan Observing Tanzanian Election

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images 2020 10 28T153931.702 Goodluck Jonathan Observing Tanzanian Election

ELECTION DAY IN TANZANIA:
The African Union (AU) Expert Election Observer Team which I lead visited some polling stations in Dar es Salaam this morning as voting got underway in Tanzania’s general elections.
The African Union sees today’s polls as yet another opportunity for the good people of the United Republic of Tanzania to deepen democracy and peace in the country.
-GEJ

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#WTO – DG : France , Germany , 104 Other Countries Back Okonjo – Iweala

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images 2020 10 28T094609.198 #WTO - DG : France , Germany , 104 Other Countries Back Okonjo - Iweala

The 27 European Union member states have backed Nigeria’s former finance minister, Ngozi Okonjo-Iweala, in her bid to become the first African and first female director-general of the World Trade Organisation.
The EU member states are France, Germany, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech, Denmark, Estonia, Finland, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden.
The latest support for Okonjo-Iweala’s candidacy brings the number of countries officially endorsing her to 106 out of the 164 states that comprise the WTO.
The 55-member African Union had earlier officially supported the former World Bank director over her sole remaining opponent, Yoo Myung-hee of South Korea.
Okonjo-Iweala had also won the goodwill of a group of Caribbean and Pacific States as well as others from Asia.
The European Parliament endorsed Okonjo-Iweala to head the WTO, saying she is well-equipped. The Parliament had subsequently written the EU to support the Nigerian candidate.
When EU member states convened on Monday, they failed to find a consensus around the choice but the EU representatives reconvened and agreed to back Okonjo-Iweala, according to AFP news agency.
The WTO’s consultation process ends today and the new leader is expected to be named in November but an EU official said the EU will publicly announce its support for the 66-year-old economist today, according to AFP.
The final winner between the two women will replace Brazil’s Roberto Azevedo and former director-general of the 25-year-old trade organisation.
The initial pool of eight candidates for the WTO’s top post, which has been whittled down over two rounds of consultations, had included three Africans – Nigeria, Egypt and Kenya.
The third and final round of consultations seeking to establish consensus around one candidate is due to end today, with the announcement due in early November.
If Okonjo-Iweala is confirmed, she will join the WTO at a difficult time, with the world facing a deep post-coronavirus recession and a crisis of confidence in free trade and globalisation.
A trade war is brewing between the world’s anchor economies -the United States and China – and the European Union will see G7 member Britain leave its single market at the end of the year.
US President Donald Trump faces a tough battle for re-election early next month, but under his leadership, Washington’s relationship with the WTO has suffered.
His administration has appealed a WTO ruling that faulted US duties imposed on hundreds of billions of dollars in Chinese goods.
Usually, the WTO Appellate Body would have three months to rule on any appeals filed.
But that process has been complicated since the WTO Appellate Body – also known as the supreme court of world trade – stopped functioning last December as the US blocked the appointment of new judges to the panel.

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