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Jeff Bezos Is Now the World's Second Richest Person

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31–40 of 548 posts

Re: Jeff Bezos Is Now the World's Second Richest Person

#31
post #2

Any reason why the Rothchilds never show up in these lists? My best guess there is some sort of "who's the richest game" for some new money players (who's fortune can be tracked), where old money prefers obscurity.

Or they're just not as wealthy as conspiracy theorists say they are.

Re: Jeff Bezos Is Now the World's Second Richest Person

#32
post #9

Earlier quoted context omitted.

End of financial year tomorrow.

eh is it? I thought it's end of Q2 tomorrow only. The $10 billion is probably the addition of Q1 and Q2 so far this fiscal year.

FTA: "Amazon’s founder has added $10.2 billion this year to his wealth and $7 billion since [Nov 8th]" - I'm going to interpret that as meaning that it's 10 billion over the course of a full year, which makes more sense than making losing 3 billion in December and making 10 billion in Q1/Q2 which would be necessary for your interpretation (of 10 billion in Q1/Q2) to make those numbers make sense.

Re: Jeff Bezos Is Now the World's Second Richest Person

#33

For all the hype Silicon Valley gets, the companies of the world's 2 richest people are in the Seattle area.

Seattle has one of the lowest amounts of sun per year of all metros in the USA. It selects for those who are serious about work, more than weather.

Re: Jeff Bezos Is Now the World's Second Richest Person

#34
post #27

Earlier quoted context omitted.

Really meant San Fran. An extreme disproportionate amount of investment dollars go there considering just how much value has come out of Seattle with much less starting capital.

Wasn't Microsoft founded in Albuquerque?

Yes, but Bill Gates grew up in and returned to Seattle to build the company up

Re: Jeff Bezos Is Now the World's Second Richest Person

#36
post #23

For all the hype Silicon Valley gets, the companies of the world's 2 richest people are in the Seattle area.

Seattle* is an anomaly. Roughly the 100th city worldwide by size, yet has 2 of the 5 largest companies in the world by market cap. * Technically Seattle metro area

I think that's the point....for all the hype SV gets, Seattle should get some too....

Re: Jeff Bezos Is Now the World's Second Richest Person

#37

With a little math, we are not-too-many years from the world's first US$ trillionaire. Using Mr. Bezos as the example: US$ 72,000,000,000 Annualized gain of, say, 10% on AMZN stock Over a period of 27.6 years 1.1^27.6 * US$72,000,000,000 = ~US$ 1,000,000,000,000 Just in time for his 80th birthday.

One variable is missing from your math - the inevitable stock market crash.

Re: Jeff Bezos Is Now the World's Second Richest Person

#38

For all the hype Silicon Valley gets, the companies of the world's 2 richest people are in the Seattle area.

People are usually including Amazon and MS when they use the metonym "Silicon Valley".

I've never heard someone say SV to include Washington.

Though now that you mention it, I have heard that commute times around the valley are terrible....

Re: Jeff Bezos Is Now the World's Second Richest Person

#39

Earlier quoted context omitted.

http://www.snopes.com/rothschild-family-wealth/ Basically, after three generations a single persons wealth is distributed out enough to get dropped from these sorts of lists. Jeff might be the 2nd richest in the world - it's highly unlikely his grandchildren will be ranked as such.

Good point. One family that is directly measurable however: offspring of Sam Walton. Bill G is a distant second by that yard stick: https://www.forbes.com/profile/walton-1/

And that's why the individual Walton's are usually on the list. They usually occupy around 4th, 5th, 6th, 7th places.

Re: Jeff Bezos Is Now the World's Second Richest Person

#40
post #2

Any reason why the Rothchilds never show up in these lists? My best guess there is some sort of "who's the richest game" for some new money players (who's fortune can be tracked), where old money prefers obscurity.

The Rothschilds aren't that rich, and there's a lot of them. Old money may prefer obscurity, but it also doesn't go that far anymore.
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