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Some fun facts: Jeff Bezos owns 80.9 million shares of AMZN (or did in September), which is about 17% of the company. Over 60% of the company is held by institutional shareholders, led by Vanguard. His annual salary is $100K. He appeared in Star Trek Beyond as a Star Fleet official. In his spare time, he runs a spaceship company.[1] I've always admired Amazon and have been a customer of theirs since the late 90s when…
I would have guessed 160.
For all the hype Silicon Valley gets, the companies of the world's 2 richest people are in the Seattle area.
I think it's moreso the fact that nothing 'new' has really come out of Seattle. Kind of hard to build hype if your two main talking points are 20+ and 40+ year old companies.
Earlier quoted context omitted.
Houses are going for 500k+, please, less hype actually. All we want to do is build cool product and enjoy our life. I don't think anyone in Seattle wants the SV arrogance and lifestyle.
Heh, this is the Seattleite party line. Don't kid yourself into thinking people in Seattle are more humble than the people in SV. They're just not as overt about it. I agree with you that the flashy culture of SV doesn't exist as much here, and that's a good thing, but I'd say Seattleites are some of the most arrogant, standoffish, and surface-polite people I've met anywhere in the world.
[1] https://www.oxfam.org/en/pressroom/pressreleases/2017-01-16/...
Everytime I see these types of articles I wonder if we're still in feudalism. Should we really be celebrating that a single individual is worth more than hundreds of millions of people[1]? I dunno, it seems dystopian , like we're enslaved to the system. [1] https://www.oxfam.org/en/pressroom/pressreleases/2017-01-16/...
With a little math, we are not-too-many years from the world's first US$ 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.
Assuming 27 years of 10% compounding is quite the leap.
Everytime I see these types of articles I wonder if we're still in feudalism. Should we really be celebrating that a single individual is worth more than hundreds of millions of people[1]? I dunno, it seems dystopian , like we're enslaved to the system. [1] https://www.oxfam.org/en/pressroom/pressreleases/2017-01-16/...
How is Bezos making money? Amazon doesn't seem to generate enough dividends to reach this amount of wealth, or does it?
So is Bezos our modern day Carnegie or Rockefeller?
Both Bezos and Gates had a bit of a leg up as they came from moderately well off families and were afforded expensive educations and opportunities. (Not attributing their wealth exclusively to this but think it was necessary in these cases).