Jeff Bezos

Just think how many Cadburys cream eggs you could buy with $200 billion. He could buy a lamborghini every minute.

'Bezos is making about $321 million a day, $13.4 million an hour, $222,884 a minute, and $3,715 a second this year. The largest single-day increase in Bezos's net worth is $13 billion, which he achieved on July 20, 2020.'
 
I think Bill Gates started from scratch with his code for the IBM personal computer and writing a basic compiler. Fairly sure he was in college starting this then jacked it in.
 
Merlin5 said:
Just think how many Cadburys cream eggs you could buy with $200 billion. He could buy a lamborghini every minute.

'Bezos is making about $321 million a day, $13.4 million an hour, $222,884 a minute, and $3,715 a second this year. The largest single-day increase in Bezos's net worth is $13 billion, which he achieved on July 20, 2020.'
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I guess this does highlight the issue of distribution of wealth which kind of leaves a sour taste.

But fair play to the guy for building amazon to what it is. Yes he had a leg start but it takes quite the execution
 
Did I imagine this or dream it, but wasn't there a book store / competitor in the UK called Jungle. Whatever happened to that? Googling jungle obviously returns millions of mixed results.
 
Zefan said:
Whatever you may think about the hyper rich, consider what it takes to merely succeed in this hyper competitive world, let alone thrive.

Then consider that he took his business from this:
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To this:
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Then consider how he pays his workers crap, pays sod all tax....

Bezos as all men od his ilk took a few risks and dumped on more people than we know.

Bezos didnt make his wealth, his underpaid workers did.
 
Hagar said:
I think Bill Gates started from scratch with his code for the IBM personal computer and writing a basic compiler. Fairly sure he was in college starting this then jacked it in.
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Bill Gates was born rich. His father was a big time lawyer, his grandfather was a banker and his great grand father was the president of a bank. His mother worked with the CEO of IBM which got him the meeting that gave Microsoft their big start.

Doesn't take anything away from what he achieved as he was very clever and driven but it shows you it's money and who you know which really helps.
 
People get excited by his wealth but the majority is tied up in Amazon stock, he's rich because he owns 11% of the company. I often wonder why people don't look at people like Jeff Bezos as an inspiration to achieve their own goals rather than to try and take some moral high ground and talk about how much money he has compared to people who work for him in order to cover up their envy.
 
Agreed. I'm a socialist at heart but it winds me up when people talk about him being able to end poverty overnight with his wealth and him just choosing not to, as if he can magically convert his shares in to liquid assets.
 
Squark said:
He could give literally every single person in the world $25 and still be a billionaire
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Theoretically yes, but he doesn't have 200 billion in cash, as his net worth is based on the value of Amazon which he owns lots of shares in. I suspect if he wanted to sell all his shares that the Amazon share price would flop as investors would be concerned about why he's dumping all his shares etc.

Richard - London said:
Yeah, and pretty sure if he had not given so much away he would be well over 200 billion by now.
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I don't think Microsofts shares have taken off like Amazons had done.

But yes it's certainly something Gates is well known for - The Giving Pledge for example. It has been widely noticed that Bezo's philanthropic efforts have been pretty small/poor compared to his other billionaire compatriots. I would hope that if he's not using his wealth to help the worlds poor, that he's at least using it to advance a better way of life for the human race - technology/medicine etc.
 
Bravetart said:
Agreed. I'm a socialist at heart but it winds me up when people talk about him being able to end poverty overnight with his wealth and him just choosing not to, as if he can magically convert his shares in to liquid assets.
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Jeff is "worth" $200bn, which is basically down to how much people are willing to pay for Amazon shares that day, I'd be surprised if he had $10bn in liquid cash, he probably has half that. The US government's annual budget is $4.4 trillion, the majority of which is spent within the US paying companies, government departments, and in turn workers. Yet people think Jeff Bezos wealth would make a dent in poverty, it's laughable. Billionaires contribute towards lifting people out of poverty by creating jobs and economic activity (people spending money on things which pays workers), they aren't the reason for poverty.
 
And unless governments come together nothing is going to stop amazon owning everything.

But that could be on the horizon.

200 billion.
Could take the Unilever (ftse top market cap) into his pocket and still have 50 billion left!

Or, could pay everyone in the UK the UK median salary. That's 30k wow.

Wed probably spend it all on amazon anyway! :D
 
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Nitefly said:
Man, that’s so much money.

I’m looking at buying a new home and getting a mortgage together with my wife. With his wealth, he could buy nearly 400,000 of those homes!!! :eek:
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The rice video always brings it home as to how much money that it

 
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