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Amazon's Jeff Bezos Surpasses $100 Billion Net Worth (bloomberg.com)
Amid optimism for Amazon's Black Friday sales, Jeff Bezos' net worth jumped above $100 billion on Friday. The Amazon CEO's fortune reportedly surged $2.4 billion to $100.3 billion, after the retailer's shares grew more than 2 percent on Black Friday. Bloomberg reports: Online purchases for the day are up 18.4 percent over last year, according to data from Adobe Analytics, and investors are betting the company will take an outsized share of online spending over the gifting season. The $100 billion milestone makes Bezos, 53, the first billionaire to build a 12-figure net worth since 1999, when Microsoft co-founder Bill Gates hit the mark. Bezos's fortune rose $32.6 billion this year through Thursday, the largest increase of anyone on the Bloomberg Billionaires Index, a daily ranking of the world's 500 richest people. Amazon have climbed 5 percent this week alone.
We should listen to and take heed of his wise pronouncements.
three different Loot Box subscriptions. By the way he dresses, a Loot Wear subscription as well.
What would you do with your amazon shares?
To me? To humanity? Or to a bunch of gambling addicts, the same way heroin has a lot of "worth" to a junkie?
There's a reason a two researchers got the Nobel prize, for proving that any stock market must collapse every ~30 years, and that that is a good thing too. Because that's the time it takes, for the worth reality distortion bubble to drift so far from reality, that it stops being believable. Then the market corrects itself, back to reality.
And if you put a cork on top of that volcano, you get the 2007 market collapse.
(But don't worry. Now they replaced it with a bigger cork!)
I remember our team just crushing in high school football. We'd run up 30-40 point lead and then send in the 2nd Team, after all we had to live with all these people after the game. This doesn't apply anymore, but it is missed. The really sad part is eventually someone knocks the monopoly board off the table screams "FUCK THIS", and we start a new game.
Amazing! Imagine if we had two million YouTube channels no one watched?
With the destruction of Net Neutrality as the latest casualty of Trump's reign the future is looking very poorly for Amazon and every other liberal tech organization. Trump is set to bully everyone into submission, even if it means the destruction of silicon valley and the tech sector and he knows he has Amazon by the balls in more ways than one now. First is the cable co's putting all of Amazon's services in the slow lane. If Jeff complains the government can ask to block and the cable cos will do so, no questions asked. This happened before with AT&T when they blocked Pearl Jam, all because they spoke out against Bush. Trump is more power hungry than Bush so who knows how far this will go, but it won't be good. Most likely Bezos will lose everything and possibly every other tech giant.
Maybe he could, but why should he? Even if you could argue he doesn't deserve that much wealth, why would the people you propose to give it to deserve it any more than he does? He should pay people for having not built Amazon?
Progressivism: Parasites helping parasites to help themselves - to other people's stuff.
it's a good thing for a single person to command that much wealth. A democracy can't survive that kind of power imbalance. Something's got to give.
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Thanks to Trump it won't even be put to productive use when Jeff dies. It will just live on and on forever. Isn't just markups, intentionally slow shipping and Prime shipping scam that bankrolled his wealth... Not even the fact he is rich. What is truly outrageous - most of this money will never be spent on anything. It will never be returned. It will just be leveraged to get more money extracting more value from a system already insanely imbalanced.
Bill + Buffet + Bezos = more wealth than 150 million Americans combined. If this isn't a reflection of an insanely illogical and unsustainable system I don't know what the fuck could possibly be.
At some point people are going to get wise to all these corrupt assholes running the place. Even the idiots currently buying manure about Trump's tax plan helping anyone but zillionaires are going to catch a clue before too long if things keep going the way they are going.
Nothing else to say
Jeff is pretty sweet, right guys? I mean like a butterscotch tab, am I right?
He very sexy man.
How would I give $99 billion to good works (no religion or politics)?
1) Donate to an organization that supplies voluntary birth control materials. In the 1990s, I sponsored a boy in Haiti named David, via one of those international sponsorship programs. I was glad that David was going to school and getting medical care. But it bothered me that every year of two, his mother gave birth to another baby. With person after person to support, that family will never get out of poverty, and the community will be strained to supply fresh well water, education and jobs to everyone.
2) Support the research and cure of various diseases.
3) Support research on geology in general, and also research on specific places of interest to geologists, such as major earthquake faults and the Yellowstone Caldera.
4) Encourage/help the US prepare for a possible EMP attack: Lobby Congress to pass regulations that would harden critical electronics. Offer to pay for the hardening. Pay other costs, such as testing, setting aside spare parts, and training.
He has $100,000,000,600 now after my massive Amazon purchase today. I expect some gratitude here!
It must be nice to get rich a other people's expense.
If you really want to stick it to this guy, you don't have break the law and steal from him. Just enforce the existing laws and you'd see him in jail.
Of course, they don't do that in America any more. Not to rich folk. They get held up as a pinnacle of virtue instead.
Then don't buy on Amazon. It is that fucking simple. All you have to sacrifice is a few extra bucks and time for each purchase online. Make it your New Years resolution.
Mr. Bezos proves slavery remains the most lucrative business to be in.
jeff should do lunch with bill and talk serious investments to becoming the first Trillionaires. they are both young enough. remember, the one with the most toys wins and owning the planet...sweet.
Same evil globalist views, just more $$$ now.
The problem I have with that idea is that it never ever stops there. Why cap wealth at $10B, or even 100 million? Surely 50 million is enough? Or 10? The vast majority of people in this world have a net worth of $1M so let's make that the cap. And then you end up with what we have here, with every "fortune" of over €25.000 slapped with a "wealth" tax.
Bottom line is: you don't get rich taxing rich people, as individuals they own a lot but there aren't enough of them. Take Bezos' fortune from him and the next guy will do a better job of hiding it in a tax haven. No, in the end it is the middle class they will come after. Always. Because that's where the money is.
If construction was anything like programming, an incorrectly fitted lock would bring down the entire building...
What would you do with that kind of money?
I mean:
- Buy a house
- A piece of land around said house
- Gas/water/electricity
- Security
- Good insurances
- Good connectivity
- Buy a couple of cars
Then what? Groceries?
The vast majority of people in this world have a net worth of $1M
Should be: don't have.
If construction was anything like programming, an incorrectly fitted lock would bring down the entire building...
bezos pockets the surplus value of labor he gets from temp agencies - think about it - in the past people could sell their labor on the open market and make a living - now the rich are getting richer because they've set up a system where workers can't do that - they have to go through temp agencies, contractors, and so on - so their pay is capped - essentially bezos and the rest are pocketing the surplus value that workers are creating rather than paying them
Even the right wing AC fucktards on /. sound like commies.
Is that so?
http://fortune.com/2017/01/16/world-richest-men-income-equality/