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Jeff Bezos is the first human with over 100 billion dollars
- Thread starter Mister Apoc
- Start date
Xenobureido
Banned
Surely he put in 1.000.000 times the effort than a regular baker who gets up at 2am every day to make 10.000 a year. Yay capitalism, anybody who isn't wealthy is at fault himself.
/s
/s
llien
Member
In case of Bill Gates one could argue he was lucky his company was picked up by (back then and even today) juggernaut like IBM (the same applies to AMD/Intel).
Nothing of that sort applies to amazon.com, founded by J.B.
Amazing.
That's an interesting angle, but note that what he did would have worked even if he lived in "socialist" countries like those in Scandinavia.
Nothing of that sort applies to amazon.com, founded by J.B.
Amazing.
That's an interesting angle, but note that what he did would have worked even if he lived in "socialist" countries like those in Scandinavia.
Martinski43
Member
Do you really need 100? Surely 99 is enough? I would be quite happy with just 1 Bezos, pls?
darkinstinct
...lacks reading comprehension.
Bill Gates would be at 150 billion if he had not given away a large part to charity. Also worth noting that they don't really own that much. It's what their shares are currently worth. Trying to sell even 1/10th of those shares would devalue the other 9/10th by 20 to 30 %.
Martinski43
Member
Yeah that is also true if he tried to sell that much stock to get out half of that money, the stock would probably nose dive.
llien
Member
He sells 1 billion worth of stock every year on Blue Origin (aerospace manufacturer; first manned mission planned in 2018).
Mister Apoc
Demigod of Troll Threads
if not Bezos then who is the GOAT buisnessman?
gimmmick
Member
Anyone who makes mad moneys as well as his employees, Amazon paid like shit also the work conditions sucks.
http://www.bbc.com/news/business-42111866
Sapiens
Member
I invite you to live in china or north korea.
Sosokrates
Report me if I continue to console war
Why would someone want so much money?
Im pretty sure most people could have everything money can buy for them when they hit $1 billion.
Its stuff like this that makes me think there must be an apocalyptic event happening soon and the billionaires are saving up because to survive is $25 billion a ticket.
Why else would they need such vast sums of money?
Im pretty sure most people could have everything money can buy for them when they hit $1 billion.
Its stuff like this that makes me think there must be an apocalyptic event happening soon and the billionaires are saving up because to survive is $25 billion a ticket.
Why else would they need such vast sums of money?
Or maybe just maybe he is a really hard worker always trying to top himself. I doubt he is someone who loves to lay lazy on the beach waiting for the money to come in.
It's not about the destination, it's about the journey.
Most of the wealth of people like Bezos is tied to their stake in their respective companies that make it difficult to realize 100% of its value. A sell off would often trigger lower valuations so they are limited to longterm withdrawals, and in cases like Elizabeth Holmes and Theranos, can be reduced to zero quite quickly.
$100B is a lot of money if you like to consume things but its also not a lot in the grand scheme. If it were me, I'd use that type of money to shift the future a few degrees toward my expectation of it.
$100B is a lot of money if you like to consume things but its also not a lot in the grand scheme. If it were me, I'd use that type of money to shift the future a few degrees toward my expectation of it.
Phoenix RISING
Banned
"For the love of money is the root of all evil."
Fbh
Member
I bet he has those really expensive HDMI cables you can buy on Amazon on all of his devices.
Anyway. Good for him I guess.
I'm not anti capitalism but I do at times take issue with people having such crazy amounts of money while we hear about how terrible the working conditions of some employees are.
At one point I guess it stops being about the money. At one piont I guess you are just working not because you need to but because it's your passion and making amazon as big and successfull as possible is your personal and professional objective.
As amazon grows so will his fortune since it's probably closely tied to his stakes at the company
Anyway. Good for him I guess.
I'm not anti capitalism but I do at times take issue with people having such crazy amounts of money while we hear about how terrible the working conditions of some employees are.
At one point I guess it stops being about the money. At one piont I guess you are just working not because you need to but because it's your passion and making amazon as big and successfull as possible is your personal and professional objective.
As amazon grows so will his fortune since it's probably closely tied to his stakes at the company
Blueingreen
Member
Given the poor victoriana working conditions at Amazon supply wherehouses where reportedly employees have to clock out for a bathroom break during death march shifts I cant say I find anything virtuous in his obtained wealth.
Z..
Member
Wasn't Rockefeller worth something like 300/400 billion?
Regardless of his acumen, nobody actually deserves to be a millionaire, let alone a billionaire. Deserving to be wealthy is a thing, yes, but such amounts are both insane and detrimental to society as a whole.
Regardless of his acumen, nobody actually deserves to be a millionaire, let alone a billionaire. Deserving to be wealthy is a thing, yes, but such amounts are both insane and detrimental to society as a whole.
tkscz
Member
Nah, he just has to babysit a business, all it's employees, try to make it a workable environment, make the investors, business partners, and stores happy and make sure everyone gets paid. His job is sooooooo easy and he shouldn't be making that much money off of the success from the business he runs.
teruterubozu
Member
Yup, Rockefeller apparently would be worth abut $350 billion in today's currency.
I feel like that's a prerequisite to even accumulate that much since you have to maximize profits for shareholders. That pretty much means wages will be suppressed and the money saved is passed on to the people at the top.
Pocky4Th3Win
Member
Built a fortune by treating his employees like shit and paying them as low as possible. Yay let's celebrate another business man who built his fortune by walking over the people that helped him make his fortune!
llien
Member
Do you honestly believe that he got his fortune because of excelling at exploiting poor workers?
It isn't some shady Chinese company with corrupt links forcing people to work "or else", most of his workers are hired in the Western world in free economy.
Work that doesn't require much skill or knowledge isn't paid well, logically.
And as far as profits go, for ages amazon is merely breaking even. Investors drool over it because it of its ever increasing market share.
For it to be detrimental to society as a whole he'd to spend his money on some shit for himself (one could argue BlueOrigin counts).
If he doesn't consume like crazy, e.g. doesn't cool down places that are close to equator to have fun with snow (some rich Arabs and Indians do), he isn't misusing his fortune.
Vicetrailia
Banned
He needs to be spending, not saving. He has too much money built up. Let it flow, donate to charity like bill gates. Do more with it.
He literally does not have billions of dollars collecting dust in a bank account (and fractional reserve banking would ensure that it would be circulated to an extent).
He owns shares of his own company - an intangible asset whose value is based on demand.
It's like owning the Mona Lisa - it doesn't mean you have money to throw around unless you sell the painting, in which case some other schmuck would forfeit millions of dollars for pigment on canvas instead of going on a spending spree and boosting aggregate demand.
You'd have to outlaw the sale of fine art (or the stock market) if you wanted to stop the market from pushing money there, which is fair enough if that's what we're talking about.
HoodWinked
Member
worth 100 billion but still needs a name tag lol.
Sosokrates
Report me if I continue to console war
It was said in a semi serious way sorry you didnt find humour in it.
My more serious opinion is that his accumulation of vast wealth is in large part a side effect of his passions.
Blam
Member
tbh he could walk around in any popular area and nobody would know who he is. He hasn't done anything important.
Look at Bill Gates, you'd be able to spot him from a mile away.
OG Shaka Zulu
Member
This is false. He doesn't even have half the money Mansa Musa did.
RastaMentality
Banned
How can someone even have that much wealth? So gross.
themagicalkitsune
Member
Yet still can't afford hair transplants apparently
Mister Apoc
Demigod of Troll Threads
while its true that he had lots of gold
its important to realize that Mali did not have a sophisticated economic system to place value on the gold
it was valuable in the sense that many Arab traders wanted it from Mansa Musa, but was not valuable within Mali or for its people
I don't know much about social studies and the like, so I ask this in earnest. How is Bezos having $100b good for American citizens?
Mister Apoc
Demigod of Troll Threads
Actually didn't Augustus have more wealth than even Mansa Musa at one time
didn't he hold like 50 percent of Rome's wealth at one time?
didn't he hold like 50 percent of Rome's wealth at one time?
EverydayBeast
ChatGPT 0.1
Let me know when someone reaches a trillion.
Futaleufu
Member
Armies are expensive to maintain.
LeFlamaBlanca
Neo Member
Too bad its all stocks