How does one get so wealthy without making a profit?
His wealth is valued by the market valuation of the shares in Amazon and other corporations.
The market puts a high value on Amazon shares
Very good question.
Investment banks funded by the NY Fed manage IPOs and as a result they pick and choose who will be allowed to enter the billionaire’s club. Bezos got rich off of Wall St. approval of his IPO.
To be a member of the billionaires club, it is not necessary that you innovate very well. You should have a story of innovation that can be hyped but not something that any number of people could not duplicate. For example, Mark Zuckerberg did not earn his billions and he did not innovate something that was novel, that had never been done before, My Space preceded Facebook but the founder of My Space was not welcome to the club. Zucker berg received his billions from his IPO and the billions came from Wall St investment banks who were directed by NY Fed surrogates to subscribe to the IPO.
Bill Gates III of Microsoft was almost kicked out of the club in 2000 when Lawrence Tribe on orders of the Clintons and Larry Ellison tried to take him down and break up the company. Gates got the message and became a liberal. Before he was independent or more accurately indifferent. But he was really lucky that Clinton lost the election in 2000; I know I know Clinton was not on the ballot in name but his minion Al Gore was.
The billionaire’s club also supports Michael Bloomberg and his 150,000+ Bloomberg terminals that Wall St. traders use at $25,000+ per year fees which yields Bloomberg billions and billions of profits in his pocket each year. And those traders are not allowed any other choice. And all Bloomberg has to do to remain in good graces with his Fed masters is carry out the gun control initiatives that the NY banking cabal order him to make happen.
The puppet masters are at the NY Fed. If you are in good with them and you happen to be the person they need at the moment, then you too can be a billionaire.
> How does one get so wealthy without making a profit?
That’s a rhetorical question if I ever heard one...: )
Reinvestment. Anything Amazon makes in profit goes into making Amazon bigger. Buying companies, technology initiatives, horizontal growth. There’s always something to spend money on. And most of the time they pick winners, which gives them more profit to reinvest. And of course that model leaves plenty of money for C level salaries.
By convincing investors that rather than looking at profit, they ought to instead look at earnings before interest and taxes (EBIT). You see, if you don't count the taxes they MUST pay or the interest the MUST pay, they're raking it in. Investors love it, stock prices soar, they cash out and make millions.
Eventually though some people will start saying "umm, what happens after you pay your taxes though?" And here we are.