Capitalist and Worker
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Jeff Bezos of Amazon is now the richest man in the world with £90,000,000,000
While the real producers of his wealth are amongst the poorest and are forced to camp outside of their workplace
We should never tire of revealing such facts and exposing the process by which such outcomes are achieved.
90 billion dollars…what's he gonna do with all that growing pile of money? I don't understand why billionaries like Bezos don't just retire.
Sympo wrote:90 billion dollars..The MSN article cited above states that the gain in Amazon stock price added nearly 7 billion dollars to Bezo's wealth "overnight" . Next time some brainwashed prole suggests that the superrich deserve every penny they own – "cos they earned it" – perhaps it might asked how Bezo managed to pull off that remarkable feat in his sleep. LOL
He doesn't have $90 billion or even a fraction of that. The valuation, in so far as it's valid at all, is of his stock and assets in whatever businesses and companies he owns or has shares in.
Ike Pettigrew wrote:He doesn't have $90 billion or even a fraction of that. The valuation, in so far as it's valid at all, is of his stock and assets in whatever businesses and companies he owns or has shares in.A bit confusing that: He says he has £90billion. His stocks and assets? Businesses and companies he owns and has shares in. Doesn't that make them his? If not who owns them? The guy in the tent certainly doesn't
Ike Pettigrew wrote:He doesn't have $90 billion or even a fraction of that. The valuation, in so far as it's valid at all, is of his stock and assets in whatever businesses and companies he owns or has shares in.If you have information to the contrary perhaps you need to notify the world's media on this matter who are all seemingly uniformly reporting his net personal worth to be about 90 billion dollars. This site fills in some of the details. For example: Bezos, as CEO of the company, owns about 81 million shares of Amazon stock according to a recent SEC filing. A little back-of-the-envelope map means he made $6.44 billion in a single day, putting his net worth just over $90 billion.(http://www.businessinsider.com/jeff-bezos-net-worth-2017-10/#bezos-net-worth-jumped-644-billion-in-a-matter-of-hours-1) If you have evidence to show that this is incorrect then produce it!
Perhaps not in liquidity cash nor in gold has Bezos $90 billion.We all know how stocks and shares go up and down and when you cash them in you get the stock-market valuation….just ask those workers who are now finding that their pension pay-outs are dependent on the day of retirement share index.Before Bezos the one who was always leap-frogging Gates was the Mexican mega-billionaire Carlos Slim. In 2007, 2010, 2011, 2012 and 2014 Forbes Rich List said to have overtaken Gates as the richest man in the world, By 2016 Slim's wealth dropped by a half
alanjjohnstone wrote:Perhaps not in liquidity cash nor in gold has Bezos $90 billion.Some people on here don't appear to understand the difference and think that valuations printed in the media are statements of fact and reflect the cash position. It's not quite like that.
Ike Pettigrew wrote:alanjjohnstone wrote:Perhaps not in liquidity cash nor in gold has Bezos $90 billion.Some people on here don't appear to understand the difference and think that valuations printed in the media are statements of fact and reflect the cash position. It's not quite like that.
All you are saying here is that Bezos' wealth comes in different guises, cash and non cash. That includes 81 million shares in Amazon, the valuation of which can fluctuate from day to day. So the total of 90 billion is provisonal , It could be lower next week – or higher. It is a rough approximation and people understand this, but that doesnt justify yor claim that " He doesn't have $90 billion or even a fraction of that." (with the emphasis on the bold part). For all we know his personal wealth based on all conceivable forms of wealth could be 100 billion today!
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