Posted on 01/09/2018 8:54:59 AM PST by Oshkalaboomboom
Jeff Bezos, the newly minted richest man in the world, is now the wealthiest person of all-time after his fortune soared to new heights.
Shares in Amazon hit an all-time high on Monday, which lifted Bezos’ net worth to a record $105.1billion, according to Bloomberg.
That figure eclipses the $100billion worth that Microsoft boss Bill Gates amassed back in April 1999.
In the last 12 months, Amazon’s stock has climbed by nearly 57 per cent.
So far in 2018, the e-commerce giant’s shares have jumped 6.6 per cent.
Amazon continued its dominance over the recent holiday period, grabbing 89 per cent of the online spending market among retailers.
Bezos’ peak net worth is more than that of Bill Gates, the Microsoft co-founder who crossed the $93billion mark this week.
According to Bloomberg, Gates could easily be worth over $150billion were it not for the hundreds of millions of shares in Microsoft as well as the billions in cash and other assets he has given away to charity.
Aside from Amazon, Bezos is also the owner of The Washington Post.
As of Tuesday just before noon, shares of Amazon were trading at $1,247.91.
(Excerpt) Read more at dailymail.co.uk ...
Interesting article on how JD Rockefeller did it:
https://www.artofmanliness.com/2016/10/19/john-rockefellers-keys-to-success/
Money magazine did a historical top ten list a couple of years ago based on the work of economists and historians and made estimates in 2014 dollars. John D. Rockefeller was #7 on the list at an estimated $341 billion, Bill Gates was #9, and Rockefeller's contemporary, Andrew Carnegie was #6. #2 was Caesar Augustus at $1.4 trillion (including personal ownership of Egypt). #1 was someone unknown to most people: Mansa Musa, the ruler of Mali around 1300 A.D. At the time, Mali was the largest producer of gold, by far, and as absolute ruler, Mansa Musa personally owned it all. No dollar estimate was given because it was so high as to be incomprehensible. In their words, "Richer than anyone could describe."
Exactly and fitting here.
Amazon pays virtually no taxes.
The company, in its latest annual report to the Securities and Exchange Commission,
said that it paid $177 million in income taxes in 2014, $273 million in 2015 and $412 million last year.
https://www.nytimes.com/2017/08/16/us/politics/trump-amazon-taxes.html?_r=0
Back over to you.
So the USPS is bankrupt because of the discounts it gives?
And that’s Amazon’s fault how?
Not completely, but is is a factor in a poor business plan.
As pepsi_junkie points out, stock values are not liquid: when they start to sell large volumes the price will drop.
Happened to Mansu Mansa when he starting spreading his gold around Egypt and the MidEast: rampant inflation resulted, and his gold lost its value.
hopefully my son will get something good this year...
but if people are expecting all these "producer" CEO's to really help out the American people now that they have had their corp. rate tax cuts, you're dreaming.....I don't trust them....
Revenue:
2016: $136B
2015: $107B
2014: $89B
https://www.marketwatch.com/investing/stock/amzn/financials
Taxes (Yours)
2016: $0.4B = 0.3%
2015: $0.3B = 0.3%
2014: $0.2B = 0.2%
Yes, I know that Revenue is not Net Income. But Amazon’s entire business model is to squirrel away Net Income by opening new loss making businesses, exposing essentially no taxable revenue.
Or, as I am fond of saying:
Amazon is a horizontally integrated tax avoidance scheme.
Or, if you prefer:
“Taxes are for stupid people.” - Jeff Bezos’s business model.
Those tax levels are miniscule. And indeed, if you dissect Amazon’s trended financial statements, the whole reason they ever had to declare a taxable income is because that darned AWS business generated too much cash too fast, and they didn’t open a loss making business fast enough to absorb it.
BEZOS WANTS YOUR TAXES TO INCREASE WHILE HE PAYS (ESSENTIALLY) NOTHING.
Further documentation of my point here:
*** “He is still under the Rothchilds” ***
And a few Saudi Princes
I’m not into the Google and Amazon hatred, so my knowledge is limited. But I understand the ‘tax’ complaint about Amazon is that they operate on the internet, which is often untaxed. The fact that the customer is saved from paying sales tax is a far cry from Amazon paying no income tax.
But that may be the source of the myth, which sounds about right coming from those who insist, the meaning of the word be damned, that Google and Amazon are monopolies.
The whole MSM stating that Bozo (Dezos) is the richest is just more fake news. He is rich but the puppet masters who pull the strings keep their wealth hidden.
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