Capitalist and Worker

February 2024 Forums General discussion Capitalist and Worker

Viewing 11 posts - 1 through 11 (of 11 total)
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  • #85838
    Anonymous
    Inactive

     

    Jeff Bezos of Amazon is now the richest man in the world with £90,000,000,000

    https://www.msn.com/en-gb/money/news/jeff-bezos-is-now-the-richest-man-in-the-world-with-dollar90-billion/ar-AAu89x2?li=AA9SkIr&ocid=spartandhp

    While the real producers of his wealth are amongst the poorest and are forced to camp outside of their workplace

    http://www.independent.co.uk/news/uk/home-news/amazon-workers-sleep-tents-dunfermline-fife-scotland-a7467657.html

     

    We should never tire of revealing such facts and exposing the process by which such outcomes are achieved.  

    #130266
    Sympo
    Participant

    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.

    #130267
    Anonymous
    Inactive
    Sympo wrote:
    90 billion dollars..
    #130268
    robbo203
    Participant

    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

    #130269
    HollyHead
    Participant

    90 billion? Pity those down to their last 90 million.

    #130270
    Ike Pettigrew
    Participant

    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.

    #130271
    Anonymous
    Inactive
    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 

    #130272
    robbo203
    Participant
    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!

    #130273
    alanjjohnstone
    Keymaster

    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

    #130274
    Ike Pettigrew
    Participant
    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.

    #130275
    robbo203
    Participant
    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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