Current Events > Jeff Bezos's wealth soars to $171.6 billion

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Rob Cesternino
07/01/20 5:47:26 PM
#1:


https://www.bloomberg.com/news/articles/2020-07-01/bezos-s-wealth-soars-to-171-6-billion-to-top-pre-divorce-record

Jeff Bezoss net worth has smashed through its previous peak, even after he relinquished a quarter of his stake in Amazon.com Inc. as part of a divorce settlement last year.

Shares of the Seattle-based retailer surged 4.4% to a record $2,878.70 Wednesday, boosting the founders world-leading fortune to $171.6 billion. That tops his previous high of $167.7 billion, set on Sept. 4, 2018, according to the Bloomberg Billionaires Index.

His gains -- $56.7 billion this year alone -- underscore a widening wealth gap in the U.S. during the worst economic downturn since the Great Depression. Initial public offerings and buoyant equity markets have bolstered mega-fortunes, even as tens of millions of people have lost their jobs. This week, after receiving complaints about ending pandemic hazard pay, Amazon said it would spend about $500 million to give one-time $500 bonuses to most front-line workers.

The company declined to comment on its founders wealth.

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DrizztLink
07/01/20 5:49:07 PM
#2:


Rob Cesternino posted...
His gains -- $56.7 billion this year alone

Rob Cesternino posted...
This week, after receiving complaints about ending pandemic hazard pay, Amazon said it would spend about $500 million to give one-time $500 bonuses to most front-line workers.
tRiCkLe DoWn EcOnOmIcS

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dj1200
07/01/20 5:49:08 PM
#3:


yep, he's ballin. what can i say, its not like i don't use amazon. i help pay him.

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EndOfDiscOne
07/01/20 5:49:37 PM
#4:


Gimme some of that

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Propane4Sale
07/01/20 5:50:57 PM
#5:


Bezos should be sucking every American's dick, balls, titties, and vagenes for all the money they've given him.

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WalkingLobsters
07/01/20 5:51:20 PM
#6:


give me that

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CasualGuy
07/01/20 5:51:36 PM
#7:


Tankies are furious

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squarion
07/01/20 5:51:38 PM
#8:


I think he made enough to save the world

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Iodine
07/01/20 5:51:55 PM
#9:


Amazon is making bank during this pandemic.

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BlockAddition
07/01/20 5:53:03 PM
#10:


Sweet, eventually he will team up with Elon Musk and the other billionaires and save us all

I'm excited for the future

Covid who? Global what? hahaha bring it on, see you guys on Mars

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#11
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BlueTigerLion
07/01/20 5:54:36 PM
#12:


His wife must also be seeing massive gains. Last I heard she was worth 50 billion thanks to that divorce.

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Doe
07/01/20 5:54:54 PM
#13:


not a dystopia not a dystopia not a dystopia

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SaradaUchihaXXX
07/01/20 5:55:30 PM
#14:


Well deserved, I find Amazon Prime and Amazon Music to be very useful
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AlephZero
07/01/20 6:04:49 PM
#15:


Everyone in the country could be a millionaire if his wealth was redistributed.

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PIITB415
07/01/20 6:05:44 PM
#16:


Good. It's after his parasite of an ex wife drained him too.

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ohiostate124
07/01/20 6:06:14 PM
#17:


Spooking posted...
That divorce didn't stop him.
Thats crazy. Didnt the divorce make her the richest woman on the planet or something?
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Tyranthraxus
07/01/20 6:07:01 PM
#18:


AlephZero posted...
Everyone in the country could be a millionaire if his wealth was redistributed.
I think you need to recount the population of the country.

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The Trent
07/01/20 6:08:40 PM
#19:


this news angers me!

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Saxon
07/01/20 6:08:54 PM
#20:


That's more money than he could spend in a 1000 years.

Too bad wealth can't buy immortality, huh?
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ohiostate124
07/01/20 6:10:15 PM
#21:


Tyranthraxus posted...
I think you need to recount the population of the country.
We have 171.6 billion people in the US?
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Irony
07/01/20 6:11:13 PM
#22:


Time for the government to step in

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GameGodOfAll
07/01/20 6:12:27 PM
#23:


Amazon is a really really good company for customers (not workers mind you) so yeah. Fair game. Same time I don't know how anyone can even just have that much money. What's even the point unless you are buying your own country or space station? Give that shit away.

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Romes187
07/01/20 6:13:28 PM
#24:


the first thing im going to go do after i get off this topic is write a damn letter to my congressman about this

if only i could find...my damn pen...and paper...

shit I'm out

let me see if I can find some online to order
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Saxon
07/01/20 6:13:59 PM
#25:


If Bernie were president, Bezo would have to hand over at least 50% of it via redistribution of wealth.

That money would be used to help give you a free ride through life.
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Poop2
07/01/20 6:14:02 PM
#26:


he should just give up some of it. he wont use it.
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Tyranthraxus
07/01/20 6:14:50 PM
#27:


GameGodOfAll posted...
Amazon is a really really good company for customers (not workers mind you) so yeah. Fair game. Same time I don't know how anyone can even just have that much money. What's even the point unless you are buying your own country or space station? Give that shit away.
Most of it is being spent creating competing services in well established industries. Mostly electronics, cloud computing, & video games at the moment.

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Nu_Titan
07/01/20 6:14:57 PM
#28:


Stock market has been really crazy for some companies. Tesla is now worth more than Toyota after today (Toyota makes about 20x more vehicles). Elon Musk said the stock was too high when is was around $800 a few weeks ago, it is now over $1100, lol.

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archedsoul
07/01/20 6:17:19 PM
#29:


That would be $230 billion if he didn't get divorced.

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Squall28
07/01/20 6:19:18 PM
#30:


This is because Amazon stock price went up. Don't pretend like it's because he's funneling the rest of people's wealth to himself.

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Prismsblade
07/01/20 6:19:45 PM
#31:


GameGodOfAll posted...
Amazon is a really really good company for customers (not workers mind you) so yeah. Fair game. Same time I don't know how anyone can even just have that much money. What's even the point unless you are buying your own country or space station? Give that shit away.
It's also great for the consumers who couldnt give two fucks about the employees working condition and will extend their amazon prime subscriptions regardless.

Also the vast majority of his wealth is in stocks. If he sold them all to give it away he wouldnt own Amazon anymore. The company he built from the ground up, controls, expanding everyday, and is his pride and joy.

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Saxon
07/01/20 6:20:06 PM
#32:


Surely he's not actually worth 171 billion in actual funds on hand.

It's what Wall Street says his stake in amazon is worth, right? If so, that's just BS on a computer screen.
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Romes187
07/01/20 6:21:15 PM
#34:


Saxon posted...
Surely he's not actually worth 171 billion in actual funds on hand.

It's what Wall Street says his stake in amazon is worth, right? If so, that's just BS on a computer screen.

i find it funnier imagining the people in this topic seething over thinking he's swimming, scrooge mcduck style, in actual cash haha
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Doe
07/01/20 6:22:38 PM
#35:


Saxon posted...
Surely he's not actually worth 171 billion in actual funds on hand.

It's what Wall Street says his stake in amazon is worth, right? If so, that's just BS on a computer screen.
Uhh, it's not much more BS than our fiat Dollar. Amazon is an extremely valuable company, Bezos owns Amazon. People would be clamoring to buy Bezos' stock if he sold it all because it's basically guaranteed to appreciate.

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Saxon
07/01/20 6:24:00 PM
#36:


In ten years that stock will be worthless.

Why you ask? Because capitalism will no longer exist after the next financial crisis on Wall Street due to over inflated stocks.
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SrRd_RacinG
07/01/20 6:25:40 PM
#37:


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Saxon
07/01/20 6:28:30 PM
#38:


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Christian RULES
07/01/20 6:31:12 PM
#39:


Thank god Bernie isn't President. Can you imagine what he'd do? He'd force Bezos to give up that wealth and distribute it equally among all Americans.

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stoltenberg11
07/01/20 6:32:02 PM
#40:


GameGodOfAll posted...
Amazon is a really really good company for customers (not workers mind you) so yeah. Fair game. Same time I don't know how anyone can even just have that much money. What's even the point unless you are buying your own country or space station? Give that shit away.
this was always my thinking too. dude needs to be investing into deep space travel or cures for every disease in the world or buying his own army or something ludicrous and cool

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Krow_Incarnate
07/01/20 6:34:00 PM
#41:


Propane4Sale posted...
Bezos should be sucking every American's dick, balls, titties, and vagenes for all the money they've given him.
It's more like he made a service people are using and choose to suck his dick.

He doesn't owe you anything. More power to him.

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Saxon
07/01/20 6:39:29 PM
#42:


He killed your 20th century shopping way of life and he pays his employees minimum wage that ship to you all that garbage from the fulfillment centers 24 hours a day.

And you work like 12-15 hours a day and can't go to the bathroom...but you can piss in a bottle if it's an emergency.
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TomNook20
07/01/20 6:50:30 PM
#43:


Angry manchildren: Subscribe to Amazon prime, buy everything off of amazon, use other services built on aws.

Also angry manchildren: Fuck Jeff Bezos how he git so richhhhj

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KStateKing17
07/01/20 6:53:22 PM
#44:


Fuck he's going to hit 200 billion pretty soon. I might have to pick something up off the ground in front of him.

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Saxon
07/01/20 7:03:11 PM
#45:


Would you be willing at an Amazon Fulfillment Center.

Basically you toss packages on a conveyor belt all damn day.
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#46
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Saxon
07/01/20 7:16:08 PM
#47:


A rising tide floats all boats...LOL
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Maeiv
07/01/20 7:17:14 PM
#48:


He went through a divorce without a prenup and STILL is number one

Other billionaires ARE YOU EVEN TRYING??

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OmegaPillow
07/01/20 7:18:36 PM
#49:


Saxon posted...
He killed your 20th century shopping way of life and he pays his employees minimum wage that ship to you all that garbage from the fulfillment centers 24 hours a day.

And you work like 12-15 hours a day and can't go to the bathroom...but you can piss in a bottle if it's an emergency.
Dont the employees make 15 dollars plus?

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cjs28
07/01/20 7:19:32 PM
#50:


AlephZero posted...
Everyone in the country could be a millionaire if his wealth was redistributed.
170 billion / 1 million = 170,000

Nice math brah >_>

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Saxon
07/01/20 7:39:20 PM
#51:


I could do just fine with my share of 170 grand.
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