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re: Jeff Bezos net worth increased by $13B in one day; now worth $189.3 billion
Posted on 7/21/20 at 1:38 pm to LSUTigerFan247
Posted on 7/21/20 at 1:38 pm to LSUTigerFan247
quote:
A decent chunk of it is company stok
Decent chunk as in 95+% His surging net worth is 100% due to surging Amazon.
0
Posted on 7/21/20 at 1:40 pm to LSUBoo
quote:
I'm having a hard time wrapping my head around this in terms of hookers and blow.
Oh, that’s easy. All of them.
Posted on 7/21/20 at 1:42 pm to SPEEDY
And he probably isn’t the richest person on earth, only the richest we know about.
Posted on 7/21/20 at 1:43 pm to hottub
Putin
Posted on 7/21/20 at 1:45 pm to SPEEDY
quote:
If he invested the whole thing and got just a 4% return on his investment, he would earn $7.6 billion a year. That $7.6 billion in interest would allow him to spend $20.7 million a day without ever touching the $189.3 billion
It is invested. He owns the controlling interest in AMZN equity. His net worth is tied directly to the Amazon stock price.
This isn't liquid wealth. Were he to sell a significant portion on the open market to raise cash, it would put a selling pressure on the stock. This would drive the stock price down and this his net worth as well.
Posted on 7/21/20 at 1:48 pm to SPEEDY
Do you think people will continue to just buy this crazy level of stuff online once this is over?
I think it's pretty clear herd immunity will be upon us very soon.
They'll be small outbreaks in rural areas. But, overall things are going to die down.
I realize Amazon has other businesses such as web services etc. But, it just seems this huge jump in value is a short term COVID result.
BTW, I'm not going to "short" any stock. I will not underestimate ROBINHOOD "investors" creating insane values detached from reality.
I think it's pretty clear herd immunity will be upon us very soon.
They'll be small outbreaks in rural areas. But, overall things are going to die down.
I realize Amazon has other businesses such as web services etc. But, it just seems this huge jump in value is a short term COVID result.
BTW, I'm not going to "short" any stock. I will not underestimate ROBINHOOD "investors" creating insane values detached from reality.
This post was edited on 7/21/20 at 1:49 pm
Posted on 7/21/20 at 1:48 pm to danilo
quote:Money isn't the problem. Seattle throws an ungodly amount of money at the homeless problem (I think over $100mm this year).
Sooo will he solve Seattle’s homeless problem anytime soon?
Posted on 7/21/20 at 1:52 pm to hottub
quote:
And he probably isn’t the richest person on earth, only the richest we know about.
Posted on 7/21/20 at 1:59 pm to Privateer 2007
Crony capitalism.
Small business was shut down, Bezos thrived. Thanks gubment
Small business was shut down, Bezos thrived. Thanks gubment
Posted on 7/21/20 at 2:01 pm to SPEEDY
things are tough all over.
Posted on 7/21/20 at 2:07 pm to sweetwaterbilly
quote:
I know people joke about "Such and such has more money than they could ever spend.." but seriously, how could you spend 190 billion dollars?
You really can’t. Besides, that’s what he’s worth in total assets. Not liquid cash. But yeah. That’s an inconceivable amount of money.
Posted on 7/21/20 at 2:09 pm to sweetwaterbilly
quote:
I know people joke about "Such and such has more money than they could ever spend.." but seriously, how could you spend 190 billion dollars?
The much maligned “robber barons” and tycoons of the Industrial Age found lots of ways to spend their money, the bulk of it, on public works.
Libraries, hospitals, churches universities, parks, foundations, you name it.
Truthfully, these rich guys need to stop donating to virtue signaling organizations and focus on basic public works and charities again, not that Bezos doesn’t actually do just that. I’m speaking generally. I have no idea how he spends his money.
Posted on 7/21/20 at 2:12 pm to SPEEDY
Good for him. I think he's projected to hit 1 trillion by 2026
Posted on 7/21/20 at 2:18 pm to SPEEDY
That's enough for 3 or 4 Ford class aircraft carriers fully staffed with airplanes and helicopters for 20 years
Posted on 7/21/20 at 2:22 pm to RLDSC FAN
If i were basos id cash out right now. Then I would buy cuba.
Posted on 7/21/20 at 2:36 pm to timdallinger
quote:
It is invested. He owns the controlling interest in AMZN equity. His net worth is tied directly to the Amazon stock price.
This isn't liquid wealth. Were he to sell a significant portion on the open market to raise cash, it would put a selling pressure on the stock. This would drive the stock price down and this his net worth as well.
Posted on 7/21/20 at 2:47 pm to sweetwaterbilly
quote:
but seriously, how could you spend 190 billion dollars?
He doesn’t have $190 billion in cash. His assets (his shares in Amazon) are worth that amount. It’s a question that can’t be answered because it’s not even a question.
Posted on 7/21/20 at 2:52 pm to sweetwaterbilly
quote:
I know people joke about "Such and such has more money than they could ever spend.." but seriously, how could you spend 190 billion dollars?
Blue Origin could definitely do it.
Posted on 7/21/20 at 3:07 pm to SPEEDY
quote:
To show how much money $189.3 billion in, if Bezos spent $1,000,000 day, it would take him almost 519 years to spend it all
If he invested the whole thing and got just a 4% return on his investment, he would earn $7.6 billion a year. That $7.6 billion in interest would allow him to spend $20.7 million a day without ever touching the $189.3 billion
We badly need a Brewster's Millions remake but with like $30 billion and no more than $1 billion can be spent on hookers and blow.
Posted on 7/21/20 at 3:14 pm to SPEEDY
Holy shite ~190 billion dollars is outrageous
He would be the 18th largest bank in the United States by total assets in control and would be the 4th largest bank by market capitalization.
frick me
He would be the 18th largest bank in the United States by total assets in control and would be the 4th largest bank by market capitalization.
frick me
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