Lessons from Jeff Bezo’s rise to the top for Nigeria stock exchange
In the early 80s in Nigeria, many entrepreneurs in other industries sought funds from the private placement market.
Consequently, as a result of the huge returns that was made by investors in the secondary market, companies seeking to raise funds through the private placement market found it convenient to promise the secondary market listing of their equities.
The stock market decline in Nigeria has exerted systemic influences on other markets. It had positive effects on the real estate market as well as on the banks whose products the investors shifted to as alternative investments.
Jeff Bezos was briefly the world’s richest person on Thursday.The recent surge in Amazon stock has pushed Bezos’ fortune to over $90 billion, vaulting him past Bill Gates.Although he has been a billionaire for more than 20 years, his wealth has surged in the last two years.
Jeff Bezos was the richest man in the world for a time on Wednesday, with a fortune of over $90 billion.
According to Forbes and Bloomberg, the Amazon CEO had a net worth of over $89 billion as of the close of markets Wednesday, while Microsoft co-founder Bill Gates had a net worth of just over $90 billion.
Even if Bezos didn’t end the day as the richest man, he will likely take the crown from Gates more permanently in the coming days and weeks.
