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Top News In கோடீஸ்வரர்கள் வெளிப்படுத்தப்பட்டது Today - Breaking & Trending Today

Tech billionaires are obsessed with climate change - but some question if they're focusing on the right areas


Climate change appears to be high on the agenda for tech billionaires like Elon Musk, Jeff Bezos and Bill Gates but some are questioning whether they’re focusing their efforts on the right areas.
Broadly speaking, the three richest tech billionaires who rank in the top five richest people on the planet are all trying to develop new technologies that can reduce the world’s carbon dioxide emissions.
Musk is largely focused on funding carbon capture technologies, Gates is particularly bullish on nuclear energy, and Bezos has created a dedicated “Bezos Earth fund.” All of them believe that technology has a major role to play in tackling climate change and they’re doing their utmost to ensure they’re pushing the boundaries when it comes to climate tech. ....

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Jack Ma's fortune jumps US$2bil after record Alibaba fine


Ma is now China’s third-richest person after Zhong Shanshan of bottled-water company Nongfu Spring Co and Tencent Holdings Ltd’s Pony Ma. AFP
China just slapped a record antitrust fine on Alibaba Group Holding Ltd. The company thanked the government and investors breathed a sigh of relief.
Alibaba’s American depositary receipts climbed 9.3% on Monday in New York, their biggest jump in almost four years. For Jack Ma, the founder of the e-commerce giant, it meant his fortune increased by US$2.3bil (RM9.50bil) to US$52.1bil (RM215.38bil), according to the Bloomberg Billionaires Index.
The US$2.8bil (RM11.57bil) fine is less severe than some investors feared and is based on only 4% of the company’s 2019 domestic sales, far less than the maximum 10% allowed under Chinese law. While the Internet giant will have to adjust the way it does business, its vice chairman said regulators won’t impose a radical overhaul of its e-commerce strategy and its chief executive o ....

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Larry Page, Sergey Brin Net Worths Reach $100B: Bloomberg


Chris Hondros/Getty Images
Google co-founders Larry Page and Sergey Brin have joined the $100 billion club.
Their net worths have soared by a collective $40 billion during the pandemic thanks to soaring tech stocks.
Page and Brin own controlling shares in Google parent Alphabet.
Google cofounders Larry Page and Sergey Brin are now worth more than $100 billion thanks to surging tech stocks.
Page and Brin join six other current centibillionaires: Amazon CEO Jeff Bezos, Tesla CEO Elon Musk, Microsoft co-founder Bill Gate, LVMH CEO Bernard Arnault, Facebook CEO Mark Zuckerberg, and Berkshire Hathaway CEO Warren Buffett.
Page is worth $103.6 billion, while Brin is worth $100.2 billion, according to estimates by Bloomberg s Billionaire Index. ....

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