Jeff Bezos

 
MrRon
 
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MrRon
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04 October 2018 16:38
 

I just saw on the news that Bezos’s current net worth is estimated at $161.1 billion dollars. I don’t think he’ll have any problems paying his workers $15 an hour.

To put things in perspective, it takes approximately 11 days to count 1 million dollars (at the rate of 1 dollar every second). It takes about 32 years to count 1 billion dollars. To count his 161 billion dollar fortune would take roughly five thousand years!

Also, assuming a simple interest rate of 1 percent, his money can just sit there in a regular savings account and earn him about 25 million dollars per week! Of course, I imagine his actual earnings are significantly higher than that.

Incredible!

Ron

 
EN
 
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EN
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04 October 2018 19:23
 

There is a problem taxing net worth, as it is a moving and subjective target.  How would you fairly tax Bezos?  A fair system would give him credit for his creativity and innovation, but fairly share the wealth with those without whom he would be worth nothing.

 
GAD
 
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GAD
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04 October 2018 19:52
 
MrRon - 04 October 2018 04:38 PM

I just saw on the news that Bezos’s current net worth is estimated at $161.1 billion dollars. I don’t think he’ll have any problems paying his workers $15 an hour.

To put things in perspective, it takes approximately 11 days to count 1 million dollars (at the rate of 1 dollar every second). It takes about 32 years to count 1 billion dollars. To count his 161 billion dollar fortune would take roughly five thousand years!

Also, assuming a simple interest rate of 1 percent, his money can just sit there in a regular savings account and earn him about 25 million dollars per week! Of course, I imagine his actual earnings are significantly higher than that.

Incredible!

Ron

It’s in stock, he owns 16% of Amazon, you know the company he founded. The value is driven by the market, you know everyone who invests in stock, not interest or salary which is tiny.

[ Edited: 04 October 2018 19:59 by GAD]
 
 
Twissel
 
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Twissel
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04 October 2018 20:56
 

If we consider the teachings of the Prosperity Gospel, Bezos is the second coming of Jesus.
So hands off!

 
 
MrRon
 
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MrRon
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05 October 2018 03:08
 
GAD - 04 October 2018 07:52 PM
MrRon - 04 October 2018 04:38 PM

I just saw on the news that Bezos’s current net worth is estimated at $161.1 billion dollars. I don’t think he’ll have any problems paying his workers $15 an hour.

To put things in perspective, it takes approximately 11 days to count 1 million dollars (at the rate of 1 dollar every second). It takes about 32 years to count 1 billion dollars. To count his 161 billion dollar fortune would take roughly five thousand years!

Also, assuming a simple interest rate of 1 percent, his money can just sit there in a regular savings account and earn him about 25 million dollars per week! Of course, I imagine his actual earnings are significantly higher than that.

Incredible!

Ron

It’s in stock, he owns 16% of Amazon, you know the company he founded. The value is driven by the market, you know everyone who invests in stock, not interest or salary which is tiny.

Understood. I wasn’t so much making a statement about the nature of his holdings as I was trying to put such large numbers in perspective. We hear “millions” and “billions” so much these days I wanted to express them in other terms. That’s all.

Thanks.

Ron

 
mapadofu
 
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mapadofu
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05 October 2018 05:43
 

He might want to consider diversifying his portfolio…