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TopicJeff Bezos retires with 739,489 times the median American's wealth.
SK8T3R215
07/06/21 10:20:24 AM
#64:


pick4six posted...
Another thing to consider. Jeff didn't just steal from his workers, he stole from his family.

It's been said that Amazon wasn't profitable at first, so who bailed Jeff out? His family. So why aren't they the majority shareholder of Amazon instead of him? The answer is is he is the richest man alive today for a reason.

Uh they made an equity investment in Amazon and received shares for their investment, whether they chose to sell their shares or not was their own decision. His siblings also bought shares in Amazon also.

https://www.bloomberg.com/news/articles/2018-07-31/a-hidden-amazon-fortune-bezos-parents-could-be-worth-billions

He (Mike Bezos) bought 582,528 shares in February 1995, according to the 1997 prospectus. Five months later, Jackie Bezos bought 847,716 shares. The wider Bezos family held this stock through four trusts at the end of 1999, another filing shows. The Jacklyn Gise Bezos 1996 Revocable Trust held 8.9 million shares, followed by the Miguel A. Bezos 1996 Revocable Trust with 4.8 million shares, while the Bezos Family Trust and the Bezos Generation Skipping Trust held 2.9 million and 675,000, respectively.


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