Jeff Bezos is the world's richest person for the fourth year running, according to Forbes. The Amazon founder is worth $177 billion, says the business magazine. His fortunes are up $64 billion from a year ago as a result of surging share value of Amazon.
Elon Musk, the biggest gainer in dollar terms, rocketed into the No. 2 spot on Forbes' 35th annual list of the world's wealthiest people. Ranked No. 31 with a $24.6 billion fortune last year, the business magnate added a whopping $126.4 billion to total $151 billion in 2021 with the help of a 705 percent rise in Tesla shares.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.