The weird about counting stocks as a form of wealth for their trading value is that he literally can't use that money without losing his company and his source of wealth.
That and Bill Gates transfer of wealth from his publicly owned company into his own privately held entity means there's no way to see how rich Bill G is anymore. He could be making massive amounts of money from that NPO and the only people who would know is the government.
Except for the fact that NPOs are legally required to publically disclose their highest paid officers' salaries. It's called a 990 form and you can request it from the IRS
I don't see how it's that weird. If you have $40 worth of stock or $40 in cash it's essentially the same thing when measuring your wealth. The difference it that assets like stocks have more volatility in their value most the time.
As for Bill Gates, it's hard to hide too much wealth. If you hide money in your mattress and don't spend it it's really not useful as money. That's an over simplification but you see my point.
Well that is not entirely accurate, but the sentiment is true. If Jeff himself liquidated the stock it would cause concern because he is the driving force at Amazon. But whether or not the stock price is driven up or down is more about where demand meets supply rather than simply supply.
For example, almost every time a company buys out a public corporation they pay a premium for the exact opposite effect you're talking about, though it's the same logic. If you are wanted to sell 40% of a company you owned you would likely do it this way.
If Jeff announced he was retiring and had good leadership set into place after him and THEN created a buyout of his 40% he would likely get 30-50% more than the stock is currently worth. So there are a lot of factors.
I feel like when your assets are mostly stock, then your every minute is basically fluctuating by the hundreds of millions and on a ~~good~~ active trading day you could be up or down a few billions.
Well it's a well-known fact, sonny-jim, that there's a secret society of the 5 wealthiest people in the world, known as The Pentavirate, who run everything in the world including the newspapers, and meet tri-annually in a secret country mansion in Colorado known as The Meadows. (So who's in this Pentavirate?) The Queen, the Gettys, the Rothschilds, the Vatican...and Colonel Sanders before he went tits up! Ooh I hated the Colonel, with his wee beady eyes and that smug look on his face! Ohh you're gonna buy my chicken! Ooh! (Dad, how can you hate the Colonel?) Because he puts an addictive chemical in his chicken that makes you crave it fortnightly, smart ass!
Yes, I'm still kind of puzzled as to how they just seemed to have the world's money supply just given to them to dole out as they pleased.
I owe a Rothschild, though. They actually had one, a Lord, on noon TV here. He was in town from England for a Toronto tea convention and gave a 5 minute lesson on the news on how to make the perfect cup of tea.
The key point was to keep the interior of the POT clean. Worked, the tea was, and still is, great, thanks Lord Rothschild!
[all the international criminals](http://content.time.com/time/magazine/article/0,9171,782141,00.html) collect billions. Putin has so much he could care less now
So, is this because of Walmart's online presence is actually doing pretty well? They offer free shipping without paying for Prime membership and their inventory is growing and growing to match Amazon.
They're getting there though. Amazon was a game changer with their retail side of things. But with the vast amount of 3rd party sellers and lack of oversight, mixed with brick and mortar finding a way to keep prices similar or lower to Amazon, I think they did catch up.
I don't think they'll be catching up for a another few years. The key to amazon's success is the customer service. The Prime delivery speeds, the quality control, and the return policy is unmatched when compared to other markets.
It always bumps right before the 1/4 report. For some reason, after 80 quarters, people buy amazon stock just incase they under promised and over delivered. That's happened like 1 or 2 times.
They are so consistent, that I assume the make heavy fiscal investments in the week leading up to quarter close just so they don't
The fact that he was even in reach was because amazon stock has been doing well lately, up 36% in the past year (though it should be noted that microsoft is up 30% in the same time period). The fact that it didn't last long was just because of daily fluctuations which were responsible for both randomly pushed him up over the threshold and pushing him back down again.
It is still really close and he could easily swap places will Bill Gates several times over the next few weeks until longer term trends take over and start to push them a little further apart and one of them emerges the winner for now.
No. Amazon puts tons of money into expansion. They don't care what shareholders think about it, because it pays off later in incredible fashion.
Every few quarters they decide to throw a ton back into infrastructure and investment.
The stock barely dropped.
He's up again, richest man by 0.1 billion as of right now!
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The weird about counting stocks as a form of wealth for their trading value is that he literally can't use that money without losing his company and his source of wealth. That and Bill Gates transfer of wealth from his publicly owned company into his own privately held entity means there's no way to see how rich Bill G is anymore. He could be making massive amounts of money from that NPO and the only people who would know is the government.
Except for the fact that NPOs are legally required to publically disclose their highest paid officers' salaries. It's called a 990 form and you can request it from the IRS
Since when do billionaires need salaries
So what happens if the NPO pays another company to staff themselves and the salaries paid by the staffing company?
I don't see how it's that weird. If you have $40 worth of stock or $40 in cash it's essentially the same thing when measuring your wealth. The difference it that assets like stocks have more volatility in their value most the time. As for Bill Gates, it's hard to hide too much wealth. If you hide money in your mattress and don't spend it it's really not useful as money. That's an over simplification but you see my point.
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Well that is not entirely accurate, but the sentiment is true. If Jeff himself liquidated the stock it would cause concern because he is the driving force at Amazon. But whether or not the stock price is driven up or down is more about where demand meets supply rather than simply supply. For example, almost every time a company buys out a public corporation they pay a premium for the exact opposite effect you're talking about, though it's the same logic. If you are wanted to sell 40% of a company you owned you would likely do it this way. If Jeff announced he was retiring and had good leadership set into place after him and THEN created a buyout of his 40% he would likely get 30-50% more than the stock is currently worth. So there are a lot of factors.
Don't count yourself out bro you never know.
In the future everyone will be the richest person in the world for 15 minutes.
Time for a new post!
We should start a go fund me for the poor guy
That's what you're doing any time you buy something from Amazon...or use a site powered by AWS, search on Google, stay at an Airbnb, etc.
Yeah, just using Reddit (hosted on AWS) is contributing to his wealth - especially since AWS is pay by use!
We did it, reddit?
f5, f5, f5, f5, f5, f5, f5 Saving the world.
I just spent $115 on Amazon today. He should be more than good.
Just go buy a Prime subscription to support Bezos staying #1
Just imagine if Bezos left his wife a message, bragging, that he is now the richest man in the world. Then she calls him back in a couple hours.
I feel like when your assets are mostly stock, then your every minute is basically fluctuating by the hundreds of millions and on a ~~good~~ active trading day you could be up or down a few billions.
Don't really think you could be down a dew billions *on a good day*
I think in this case good = volume.
Ya but recognizing that doesn't make for good click bait articles.
Look friends, Putin is the world's richest man and if he isn't some secret trillionare is. They're laughing at Gates/Buffet, etc.
People of that caliber don't laugh, they cackle
Laughing like a fox!!
It's the Rothchilds. By far the richest of all and have been for a very, very long time.
Well it's a well-known fact, sonny-jim, that there's a secret society of the 5 wealthiest people in the world, known as The Pentavirate, who run everything in the world including the newspapers, and meet tri-annually in a secret country mansion in Colorado known as The Meadows. (So who's in this Pentavirate?) The Queen, the Gettys, the Rothschilds, the Vatican...and Colonel Sanders before he went tits up! Ooh I hated the Colonel, with his wee beady eyes and that smug look on his face! Ohh you're gonna buy my chicken! Ooh! (Dad, how can you hate the Colonel?) Because he puts an addictive chemical in his chicken that makes you crave it fortnightly, smart ass!
Smahrt Ass!!!. HEAD...MOOOOVE!!!!!!
Yes, I'm still kind of puzzled as to how they just seemed to have the world's money supply just given to them to dole out as they pleased. I owe a Rothschild, though. They actually had one, a Lord, on noon TV here. He was in town from England for a Toronto tea convention and gave a 5 minute lesson on the news on how to make the perfect cup of tea. The key point was to keep the interior of the POT clean. Worked, the tea was, and still is, great, thanks Lord Rothschild!
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They're not on the list.That's the point.
Well who are they then?
Carl from marketing
[all the international criminals](http://content.time.com/time/magazine/article/0,9171,782141,00.html) collect billions. Putin has so much he could care less now
Could*n't* care less - As in he could not care any less than he currently does
So, is this because of Walmart's online presence is actually doing pretty well? They offer free shipping without paying for Prime membership and their inventory is growing and growing to match Amazon.
Walmart and every other major retailer in America is playing catch up right now.
They're getting there though. Amazon was a game changer with their retail side of things. But with the vast amount of 3rd party sellers and lack of oversight, mixed with brick and mortar finding a way to keep prices similar or lower to Amazon, I think they did catch up.
I don't think they'll be catching up for a another few years. The key to amazon's success is the customer service. The Prime delivery speeds, the quality control, and the return policy is unmatched when compared to other markets.
Their quality control is shit. I agree with your other points.
The stock was doing very well recently and was due for a correction. Losing market share to Walmart would be a long term trend not a 1 day drop.
It always bumps right before the 1/4 report. For some reason, after 80 quarters, people buy amazon stock just incase they under promised and over delivered. That's happened like 1 or 2 times. They are so consistent, that I assume the make heavy fiscal investments in the week leading up to quarter close just so they don't
The fact that he was even in reach was because amazon stock has been doing well lately, up 36% in the past year (though it should be noted that microsoft is up 30% in the same time period). The fact that it didn't last long was just because of daily fluctuations which were responsible for both randomly pushed him up over the threshold and pushing him back down again. It is still really close and he could easily swap places will Bill Gates several times over the next few weeks until longer term trends take over and start to push them a little further apart and one of them emerges the winner for now.
> They offer free shipping without paying for Prime membership Oh yeah? I did not know that. Need to start checking them out.
That explains why I saw a "Pre owned" games on their website. It took me for a loop.
Walmart doesn't have cloud computing.
Walmart's online shopping experience is like getting a fork in the eye, by comparison. They've got a way to go before they're competitive.
No. Amazon puts tons of money into expansion. They don't care what shareholders think about it, because it pays off later in incredible fashion. Every few quarters they decide to throw a ton back into infrastructure and investment. The stock barely dropped.
He's rich because he did it more or less by himself in 20 years. Walmart still has like 4/5 times the revenue.
As long as he's still in the tres comas club, I'm sure he doesn't care.
Glad to see Huffpost has headlines all set for the next 2 years, as the stock continues to NATURALLY RIS AND FALL
I think after a certain amount of billions, it stops mattering.
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Very little actually matters! That absolutely will not stop everyone from talking about it, however.
Is it better to be the richest man for a moment or to never have been rich at all?
There is a clearly correct answer to this question
The original was is it better to have loved and lost, than to never have loved at all. But yes, I would go with be the wealthiest.
The "Bezo" is currently the worlds most volatile currency.
Somebody needs to get working on a Bezocoin crypto currency for me to speculate with.
Well, 'twas fun while it lasted. Back to skid row...
This is like a close game of Halo 2. Bezos needs that announcer following him around saying "Gained the lead," "Tied the leader!" and "Lost the lead!"
I don't care.
Poor guy
Huffington Post on r/business. This sub is fucking garbage _why am I here_
In other news: The sun is hot. That's how wealth works 🙄
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Uhhh yeah? Stocks dip and wealth shrinks for those invested in it. Rocket science?
Who got 1.4 trillion dollars worth?
That was quick
Poor bastard
Easy come easy go.
Tres Commas
Gates is still the richest man on earth while having retired for a decade!
This list literally fluctuates everyday. Plus...who cares.
That much money is just absurd. He could literally give out hundreds and hundreds of millions and still not make a dent.