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Jeff Bezos is more than $50 billion richer than he was in February

Posted on 6/28/20 at 7:14 pm
Posted by RLDSC FAN
Rancho Cucamonga, CA
Member since Nov 2008
61084 posts
Posted on 6/28/20 at 7:14 pm
quote:

As Coronavirus Fears Derail Market Comeback, 10 Billionaires, Including Bezos And China's New Richest Person, Gained $23 Billion In One Week


quote:

Although mounting coronavirus fears halted the rallying stock market this week, some of the world’s wealthiest people still got much richer. In the week spanning Thursday, June 18 through Thursday, June 25—as the S&P 500 remained virtually flat—the fortunes of 10 billionaires soared by $23 billion, as some stocks continue to surge despite widespread economic uncertainty. 

The biggest gainer over the past week is no stranger to the title. The world’s richest man, Jeff Bezos, is more than $50 billion richer than he was in February—before coronavirus-fueled uncertainty tanked stocks globally. This week alone, Bezos’ net worth is up $5.6 billion, ending Thursday at $164.5 billion. Shares of Amazon continued their months-long tear this week, rising by 4% and hitting another all-time high on Tuesday, after the firm announced a $2 billion venture capital fund, dubbed the Climate Pledge Fund, to invest in companies that are helping to reduce carbon emissions. Bezos’ ex-wife MacKenzie has also been among the biggest gainers throughout the pandemic, thanks to her roughly 4% stake in Amazon. Her fortune, now $53.9 billion, jumped by $2 billion this week,



Damn

LINK
Posted by bad93ex
Walnut Cove
Member since Sep 2018
36774 posts
Posted on 6/28/20 at 7:15 pm to
All dem womenz buying up those sexual wellness products
Posted by Cosmo
glassman's guest house
Member since Oct 2003
132708 posts
Posted on 6/28/20 at 7:15 pm to
Bezos and Bill Gates released covid
Posted by Privateer 2007
Member since Jan 2020
7951 posts
Posted on 6/28/20 at 7:17 pm to
FAANG (Facebook, Amazon, Apple, Netflix, and Google) stocks are all just on a tear!
These are good companies (Netflix and Facebook are facing real challenges going forward).

But, this momentum trading has been crazy. These FAANG stocks like Tesla are overvalued. It'll come crashing down. I'm not saying like bankruptcy or shite like that. But, a 20-30% drop is coming.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299716 posts
Posted on 6/28/20 at 7:21 pm to
Crony Capitalism at its worst. Who would have guessed Bezos would be the big winner from govt shutdowns? Shocked!
Posted by WinnPtiger
Fort Worth
Member since Mar 2011
25125 posts
Posted on 6/28/20 at 7:21 pm to
buzzzzzzzzz
Posted by PrivatePublic
Member since Nov 2012
17848 posts
Posted on 6/28/20 at 7:22 pm to
quote:

FAANG


If we're adding Tesla to the mix we need a new acronym.

I suggest FAGTAN
Posted by lsu13lsu
Member since Jan 2008
11843 posts
Posted on 6/28/20 at 7:25 pm to
Everyone on this site is closer to being a millionaire than Bezos.
Posted by TexasTiger08
Member since Oct 2006
30606 posts
Posted on 6/28/20 at 7:28 pm to
Libs bitch about the 1 percent, but spoonfeed money to those big time corporations.
Posted by LSURussian
Member since Feb 2005
135363 posts
Posted on 6/28/20 at 7:34 pm to
quote:

Jeff Bezos is more than $50 billion richer than he was in February
Bezos and I average being $25 billion richer than we were in February...
Posted by evil cockroach
27.98N // 86.92E
Member since Nov 2007
9400 posts
Posted on 6/28/20 at 7:37 pm to
Good for him.
Posted by Prominentwon
LSU, McNeese St. Fan
Member since Jan 2005
95100 posts
Posted on 6/28/20 at 7:37 pm to
quote:

Libs bitch about the 1 percent, but spoonfeed money to those big time corporations.


Amazon is convenient for me. I don’t give a frick how much money the man makes or what he does with it. I won’t meet him in my lifetime and I won’t work for him in my lifetime. Add that to the fact he’s not giving me any money out of kindness.

Just give me what I need in a timely manner and I’ll pay you for it.
Posted by Random LSU Hero
2014 NFL Survivor Champion (17-0)
Member since Aug 2011
9566 posts
Posted on 6/28/20 at 7:42 pm to
If I was that rich I would build the exact set from Legends of the Hidden Temple and pay people to compete all day and I would sit in a recliner with Buffalo Wings and Crawfish and watch.
Posted by red sox fan 13
Valley Park
Member since Aug 2018
19244 posts
Posted on 6/28/20 at 8:41 pm to
The frick are you going to do with 164.5 billion dollars? Call me a commie but I don’t think one guy needs that much money.
Posted by McCaigBro69
TigerDroppings Premium Member
Member since Oct 2014
45352 posts
Posted on 6/28/20 at 8:45 pm to
I’ve been saying for months that Bezos played a part in the virus. It’s clear as day.
Posted by McCaigBro69
TigerDroppings Premium Member
Member since Oct 2014
45352 posts
Posted on 6/28/20 at 8:46 pm to
quote:

I was that rich I would build the exact set from Legends of the Hidden Temple and pay people to compete all day and I would sit in a recliner with Buffalo Wings and Crawfish and watch.


Silver snakes GOAT
Posted by Winston Cup
Dallas Cowboys Fan
Member since May 2016
66990 posts
Posted on 6/28/20 at 8:47 pm to
quote:

The frick are you going to do with 164.5 billion dollars?

Not buy the Lions lol
Posted by 504Voodoo
New Orleans
Member since Aug 2012
13856 posts
Posted on 6/28/20 at 11:07 pm to
quote:

If I was that rich I would build the exact set from Legends of the Hidden Temple and pay people to compete all day and I would sit in a recliner with Buffalo Wings and Crawfish and watch.




Blue MF'n Barracudas FTW
Posted by stout
Porte du Lafitte
Member since Sep 2006
184752 posts
Posted on 6/28/20 at 11:08 pm to
Many people, who have no idea how stock ownership and wealth function, will be crying for him to give it all away involuntarily.
Posted by LSUneaux
Metairie and MAGA AF
Member since Mar 2014
5068 posts
Posted on 6/28/20 at 11:15 pm to
Agreed. Why do people think wealth is a finite resource? It’s not like a pizza with a fixed number of slices. The world is better off with him getting richer.
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