The rise in share values and Bezos’ other holdings helped him surpass Bill Gate who has a recorded net worth of $93.8 billion. With Amazon’s continued dominance it’s likely that The Bez continues his worldwide dominance.
Earlier this week, Business Insider reported that Amazon is currently in the middle of cutting several hundreds of jobs in order to fix the problem of overstaffing which occurred in Amazon’s latest growth stage.
According to Business Insider via The Atlantic, the e-commerce giant is now proposing “The Offer” to many of Amazon’s warehouse and customer sales staff which will give employees $5,000 USD if they decide to leave the organization voluntarily.
Industry insiders point out that this could end up being a brilliant strategy for Amazon, as it will encourage un-engaged employees to take leave while those that want to stay will stick it out.
Luxury grocer Whole Foods is about to get more affordable.
Earlier this year, Amazon spent nearly $14 billion to take over Whole Foods, and the ownership becomes official on Monday, August 28. CBC News is reporting that Monday will also mark lower prices on ‘a selection of best-selling grocery staples across its stores.’
In a release, Amazon founder Jeff Bezos said, “We’re determined to make healthy and organic food affordable for everyone.” Also stating that the lowered prices will not affect Whole Foods Market’s commitment to the highest standards.
Amongst the savings, customers will be able to find lower prices on the following:
- organic bananas
- organic avocados
- organic large brown eggs
- organic responsibly-farmed salmon and tilapia
- organic baby kale and baby lettuce
- animal-welfare-rated 85 per cent lean ground beef
- creamy and crunchy almond butter
- organic Gala and Fuji apples
- organic rotisserie chicken
- 365 Everyday Value organic butter
Avid Amazon shoppers will also be happy to hear that retailer will be implementing Amazon Prime into its payment systems in store, which will eventually lead to more savings and in-store benefits for Prime members.
Will lower prices incentivize you to shop at Whole Foods?
Featured Image: Instagram/@sherryvanstone
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If you’ve been paying attention to the retail world, Amazon, already a giant, is growing at an unstoppable pace. With juggernaut momentum, it seems as if Amazon is telling retailers to get in line or get out of the way. With a surge in Amazon.com Inc. shares this morning, Bloomberg is reporting that the online retailer’s earnings has moved Jeff Bezos past Bill Gates as the richest person on the planet.
Bloomberg reports that Amazon’s shares rose 1.3 percent, giving Bezos a net worth of $90.9 billion versus Bill Gates’ $90.7 billion. If shares continue to move in this direction, by 4:00 pm when the market closes, Bezos will be cemented as the richest man in the world, taking the spot from Gates who has held that honour since 2013.