Bloomberg's Billionaire Index has reported its year-end findings, with Amazon CEO Jeff Bezos declared the billionaire winner of 2018, and Facebook CEO Mark Zuckerberg declared the biggest loser.
Details: Bezos added $24 billion, increasing his net worth to $123 billion, although it was much higher before the year-end stock market rout. Zuckerberg's net worth fell nearly $20 billion to a total of $53 billion.
TerraPower, a nuclear-energy company founded by Bill Gates, is unlikely to follow through on building a demonstration reactor in China, due largely to the Trump administration’s crackdown on the country.
Why it matters: This is a blow to America's attempts to commercialize advanced, smaller scale nuclear technology and, separately, further evidence of soured relations between the U.S. and China under President Trump.
