Day: January 10, 2018

Amazon’s Jeff Bezos Now World’s Richest Man

Amazon.com CEO Jeff Bezos is now the richest person of all time, with a fortune of $105.1 billion, according to financial news outlet Bloomberg.

With the stock market soaring to new heights in the first few days of 2018, Bezos’ fortune rocketed upward, growing $6.1 billion in just five trading days.

That happened because most of Bezos’ wealth is contained in shares of Amazon.com, the online retail giant. Shares of Amazon rose 56 percent in 2017 and more than 6 percent since the start of this year.

Financial news trackers differ on whether Bezos is the richest man in history, or if his nearest rival, Microsoft founder Bill Gates, holds that record.

Bezos surpassed Gates briefly last year before taking the lead for good in October and crossing the $100-billion mark by November, buoyed by the holiday shopping season.

Gates is worth more than $90 billion, but financial experts say he would be worth far more if he had not given away so much in cash and shares of Microsoft to charity. Bloomberg reports that if Gates had not given away some $36 billion of stock to charity, his fortune would be worth more than $150 billion.

In addition to Amazon, Bezos’ holdings include The Washington Post and the space exploration company, Blue Origin.

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After Olympic Deal, North Korea Figure Skaters May Lead Team

They’re the friendly face of North Korea, and it looks like they’re coming south to the Olympics.

With sparkling costumes and winning smiles, figure skaters Ryom Tae Ok and Kim Ju Sik could lead the North Korean team in Pyeongchang, South Korea, next month after their government said Tuesday it would send athletes to the Winter Games.

Ryom and Kim are the only North Korean athletes who have qualified for the Feb. 9-25 Olympics in Pyeongchang so far. However, the International Olympic Committee could potentially hold extra invitational spots open to symbolize togetherness between the two Koreas.

Ryom and Kim almost certainly won’t win a medal in the fiercely competitive world of pairs skating, but they’ve already won friends against a backdrop of political tension.

On their world championship debut last year in Finland, Ryom and Kim put in two spirited skates to enthusiastic applause from the crowd as they finished 15th, above one of the two U.S. pairs and a string of more experienced European competitors.

They weren’t afraid to show their feelings, either. The 18-year-old Ryom punched the air with joy on finishing the short program to a Jeff Beck cover of The Beatles classic A Day in the Life.

Ryom and her partner, Kim, embraced in their matching silver-and-black costumes before soaking up the crowd’s cheers and skating off to celebrate with their coaches.

Rarely seen abroad, they have given little away about their lives, other than that they train in the North Korean capital, Pyongyang. At the world championships, Kim said he was keen to take part in “a big competition” when asked about the Olympics through a translator from his team. They wouldn’t talk about visiting South Korea and walked away when asked about their choice of music.

Previous boycott

North Korea was far from certain to compete in Pyeongchang. It boycotted the only other Olympics hosted in South Korea, the Seoul Games of 1988, and often has skipped the Winter Olympics entirely.

It hasn’t won a winter medal since 1992 and its last team, in 2010, consisted of just one figure skater and one speed skater, neither of whom came close to the podium.

By contrast, North Korea punches above its weight in the Summer Olympics. It won seven medals across weightlifting, gymnastics, shooting and table tennis in 2016.

Even with a deal for North Korea to compete in Pyeongchang, the two Koreas and the IOC face some thorny issues of protocol.

Flags, anthems and the opening ceremony all will require delicate negotiation.

At the games themselves, any slip-up could spark a diplomatic incident. The North Korean women’s soccer team walked off the field at the 2012 Olympics when the South Korean flag was mistakenly shown in a pre-game video package.

North and South Korean athletes have marched together at some previous Olympics during periods of warmer relations between the two governments, and South Korea has suggested a repeat in Pyeongchang. If they march separately, the South Korean team would massively outnumber the North Koreans.

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