billionaire

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  • Lindsey Wasson / Reuters

    Jeff Bezos’ master plan is to have no plan

    by 
    Cherlynn Low
    Cherlynn Low
    02.01.2018

    The richest man in the world has been using his wealth in unexpected ways. Jeff Bezos announced this week that Amazon would create an independent company with JPMorgan and Warren Buffett's Berkshire Hathaway. The new venture seeks to keep employee health-care costs under control and will initially focus on technology that would "provide U.S. employees and their families with simplified, high-quality and transparent healthcare at a reasonable cost."

  • Elite: Dangerous server goes haywire, creates instant billionaires [Updated]

    by 
    Brendan Drain
    Brendan Drain
    01.02.2015

    The Elite: Dangerous server has had a relatively smooth launch since it released just over two weeks ago, but all that changed last night when the server went absolutely haywire. A suspected transaction server failure caused a whole slew of bizarre bugs for those playing the game last night, from benign errors like players getting disconnected to catastrophic failures like deleting a ship's entire cargo, rolling back ship upgrades, and deleting credits. The worst problems involved players having ghost cargo that could be sold over and over again, allowing them to rack up millions of credits in minutes. Though the problems were reported promptly, the server wasn't rebooted until its usual maintenance period over six hours later. In a feat of remarkably bad timing, the server problems happened on a national holiday in the UK, and so the developers at Frontier were taking time off to celebrate the new year. There has been no official announcement on the problems yet, and players are speculating on the damage that would be caused or reversed if Frontier performed a server rollback. Reports from the Elite forum suggest that developers may not be back to work until as late as January 5th, at which point it's unlikely that developers will roll the server back. The damage from last night's errors continues to cause problems today. One player was left shipless and unable to log in when the server reversed a ship purchase transaction, and another's ship teleported back across the galaxy and is being held hostage at a station with no shipyard. Dozens of players have reported broken cargo holds or missing cargo and credits, and one player logged in this morning to find 5 billion credits sitting in his wallet. These events have naturally prompted a resurgence of complaints about Elite's always-online gameplay, as players have found themselves unable to play without problem even in solo mode. We have reached out to Frontier for comment.

  • Yep, Gabe Newell is a billionaire

    by 
    Jessica Conditt
    Jessica Conditt
    03.07.2012

    Gabe Newell has an estimated net worth of $1.5 billion, ranking 854th of the 1,226 billionaires in the world. Normally a video game exec being ranked 854th in something wouldn't matter much, but when that rank is in the "these people have at least one billion dollars" list, even the losers are news. Newell owns more than 50 percent of Valve, which has an estimated enterprise value of $3 billion -- conservatively -- meaning Newell is actually probably worth more than $1.5 billion.If Valve begins a Kickstarter campaign for Half-Life, Portal or Left 4 Dead 3 any time soon, perhaps then outrage would be warranted.Yeah.

  • Paul Allen compares working with Bill Gates to 'being in hell' (video)

    by 
    Amar Toor
    Amar Toor
    04.18.2011

    Paul Allen doesn't give many interviews, but Microsoft's famously eclectic co-founder recently decided to sit down with 60 Minutes' Lesley Stahl, to discuss his juicy new memoir, The Idea Man. It's a book peppered with old stories of Allen's early days as a programmer, when he and Bill Gates would spend their days searching for discarded code in dumpsters and building software for the original Altair computer. But the memoir's most intriguing (and controversial) revelations revolve around Allen's personal and professional relationship with Gates, whom he described to Stahl as a gifted businessman with a penchant for being a total jerk. According to Allen, Gates would regularly engage in testy shouting matches with his Microsoft brethren, and wouldn't hesitate to sling "personal verbal attacks" against anyone who dared to disagree with him. Allen says he tolerated Gates' explosions, for the most part, even though he desperately wanted to tell him that "working with you is like being in hell." The two hit a particularly rough patch after Gates allegedly plotted to squeeze Allen out of the company, not long after he was diagnosed with Stage 4 lymphoma -- an incident that spurred Allen to leave Microsoft, shortly thereafter. Gates, for his part, hasn't commented on Allen's tell-all, nor, apparently, has he even discussed it with his former partner. The next time the two men sit down for a chat, however, Allen says he expects a "heated discussion." Naturally. You can watch the interview after the break, along with a glimpse at some of Allen's most jaw-dropping toys.

  • Roman Abramovich's Eclipse has anti-photo 'laser shield'

    by 
    Vlad Savov
    Vlad Savov
    09.22.2009

    If you ask a young boy to spec out his ideal boat, you might hear of helipads, swimming pools, missile-proof hulls, mini-submarines and laser shields. Well, Russian billionaire Roman Abramovich is one of those people with the time and money to listen to his inner child, and he's gone and put all of the above together inside a $1.2 billion 557-foot vessel of luxury and excess. The Eclipse will attempt to repel paparazzi with a laser system that is said to "detect CCDs" (we suspect they mean it detects the autofocus light), and responds with an intense beam of light that precludes unwanted photography. We don't know how well the automatic system will work, but it must be fun to manually point the lasers at the paps and go "pew pew!" [Via Fark]