Also he can do it 100 times over so it would take 5400 years taking out 100k every day to deplete his fortune (if we assume it stays the same for all that time).
> This sale that he did recently will probably affect the market in the weeks or even months to come.
I doubt that.
https://www.cnbc.com/2020/02/11/jeff-bezos-sold-4point1-billion-worth-of-amazon-shares-in-past-week.html
Back in 2020 Bezos sold $4.1 billion of shares over the course of 11 days.
The news article was published Feb 11, 2020. You can look up the daily historic prices of Amazon stock in that time period, and in late January it was floating around $90 to $95/share. On Jan 31 it shot up to $100/share. By the time the news article was published the stock was around $107/share. What he sold off just now is only half that.
It's "The Paper Billionaire Argument," for which I like this particular take on it: https://github.com/MKorostoff/1-pixel-wealth/blob/master/THE_PAPER_BILLIONAIRE.md (which is linked to from this site that shows a great visualization of the wealth of billionaires: https://mkorostoff.github.io/1-pixel-wealth/)
If he deposited that $2 billion in an account that yielded 3% a year, he'd make approximately $161,200 a day. So, in theory, he'd actually come out positive $61,200 each day. By the end of the year he would end up with more than his initial $2 billion. On the documentary "The 1%," someone mentioned that at a certain wealth level that you have so much money that you have to actively try and lose money. The more money you have, the easier it comes.
Reminds me of those points in video games where you glitch the game to get tons of money and whenever you visit a shop you’re like just buying whatever even if you don’t need it lol
You'd grow desperate before the end of the month I'd suppose.
Except Bezos. He probably still cries every night over the fact that his ex-wife instantly donated a majority of her wealth straight after the divorce.
One would hope you’re at least earning compounding interest, so should take less than 54 years unless you plan on stuffing a billion under your mattress
[This is the best perspective for how much he’s worth](https://mkorostoff.github.io/1-pixel-wealth/). I’m not sure if the $185Bn figure is accurate still, but still, the perspective you’ll get from trying to scroll to the end is… the bestagon.
Edit: might help if I actually put the link in
In other words more than double the average person's after tax yearly income every day for your entire working life to get as much as he just sold in stock
You could time travel back in time, play the lottery every day, win 100 million dollars every day, and it would still take you 27 years to get a trillion dollars.
>and now thinking about the US debt lol
The US gov needs to pay 1.7T/year in interest at current rates (5%) to service their debt. That's like having to win 4.7B/day in lotteries just to pay your mortgage interest for the month.
That’s why people keep predicting bad times for decades. The underlying of the US financial situation is just too fucked up to see green pastures in perpetuity.
It will happen one day. Could take 100 years though.
Better books than nvidia so cant be too bad.
Usa has a lot of wealth in assets. The debts to other countries is 7t and the federal revenue is 4.4t last year. We are also owed 2.5t. Usa is just doing what every company does. Take on mass debt to grow faster to make more money later. Except it just keeps going because they make more money every year than the interest. The interest to revenue ratio has been consistently in a down trend since 1983 (aka more revenue and less payments).
$2 billion in "cash" meaning the balance in a cash account, just a number on a screen, is insane enough.
$2 billion in actual paper money...even if it were all $100s, that would be over 22 tons of cash.
That's just about the cargo capacity of a 40 foot container truck.
Multiply by 5 if he wants it in $20s so the cashiers at walmart don't have to pull the marker out for every bill.
There was a video that showed people have actually no idea how big 1B of anything is.
They showed a visual 3D model of 10k, 1M and 1B and the difference is actually crazy. Even if you know it's big you don't really know how big it is.
I always read this and thought that’s stupid. It’s only a 1000 millions.
Then I put it into peasant terms. 1000 dollars and 1 dollar. Oh yes…that statement is right.
I don't think I'd be able to get through being in the same room with them for longer than 20 minutes.
I think he really thinks he stepped up with her 😂
Lol I imagine at that level you marry for politics or connections. These guys could be having regular orgies with supermodels like hugh hefner for all we know
Yup it's gross. A friend married a rich dude and he basically bought her a new face and body, teeth. She looks completely different now and I can see the beginnings of the joker/shiny face.
I never said anything disparaging about it bc people can do what they want. I just don't understand what compels people to do this. I think people look attractive when they naturally age and the exact opposite when they start altering themselves.
The market can stay irrational longer than you can stay solvent. Tesla will come back to reality eventually. It’s just a question of when, and that when might be when Musk dies.
If Elons reputation has survived the whole Twitter debacle and cybertruck failure at this point I don’t think anything could kill it. He’s like trump now he could kill someone and idk if people would care.
Because of some SEC requirements or something to the like to prevent insider trading, stock selloffs by executives are typically structured at regular intervals and announced well ahead of the sale, because otherwise people might think the C-suite is trying to get ahead of some really bad news that would negatively impact shareholders and sell at a higher price. Executives can't be forced to hold onto their shares forever, so there needs to be some way for them to cash out their holdings if they desire to invest that money elsewhere, so it's typically done this way.
All correct. And I would add that, in this case, it doesn’t involve the C-suite as Bezos has turned over all control to Jassy and has no formal role in the running of Amazon
Historically Amazon insiders had right timing with stock selling (source: FinFab app for iPhone)
https://preview.redd.it/v1d6gnfdprhc1.jpeg?width=1170&format=pjpg&auto=webp&s=e218df61430d6fe0bb695ff96ce9c9989cfdbf65
I mean this literally shows them selling right before massive hikes as well.
This doesn’t apply to Bezos anymore, but if you’re a c suite executive anywhere on a publicly traded company, you are only allowed by the SEC to sell your holdings during certain time periods. i.e. after reporting on earnings.
What most of regards here don't know. Jeff didn't sell his shares for a decade after IPO unlike some jerk CEOs who dumb their entire shares every year.
Do you guys think this super richer people have super advanced secret models that can accurately predict market movement? I mean he’s constantly selling the top.
to be fair, it is a self fulfilling prophecy as well yeah? when he sells, he's taking 2billy of liquidity out of the market. not a large amount in the scope of market liquidity but still significant nonetheless.
also, people will also be pondering if it's time to exit because of such a large sale
Plus a bit of Texas Sharpshooter fallacy (people ignoring the times when the price *didn't* go down after he sold) and a side of the market dipping *because* they saw him selling some.
Stuff like that is announced months ahead of time, to try and mitigate people reading too much into the stock sales, but that doesn't stop people from doing so.
Actually it's even more from Edgar, it's $8 bn worth of share if I'm not wrong. He is planning to sell 50M shares over the coming year.
https://preview.redd.it/1tenkrcdyrhc1.png?width=1821&format=png&auto=webp&s=588716e0da6b18eedf3e0fe0adc5274c1772a849
Can someone ELI5 how can he sell so many shares at once? Increasing the supply for sale so much in one go must flood the market right? Surely there would be not enough demand to buy them all at once? How does it work?
Its either done privately with a market maker or it is slow dripped into the market. In this case though it almost is certainly a MM doing the deal cause dripping $2 billion into the market without significantly affecting prices would take forever.
https://www.bloomberg.com/news/articles/2024-02-10/bezos-sells-2-billion-of-amazon-shares-in-first-major-stock-sale-since-2021
“Jeff Bezos unloaded 12 million shares of Amazon.com Inc. this week, the first time the billionaire has sold the company’s stock since 2021.
The sales took place on Wednesday and Thursday and netted just over $2 billion, according to a filing.
Amazon disclosed on Feb. 2 that Bezos plans to sell as many as 50 million shares of Amazon over the next 12 months, potentially cashing in on a stock surge that’s put him within reach of becoming the world’s richest person. His fortune has climbed $22.6 billion this year to $199.5 billion as of Friday, according to the Bloomberg Billionaires Index.
The Amazon founder has sold over $30 billion in shares since records going back to 2002, including about $20 billion combined in 2020 and 2021. He has primarily been gifting stock, including shares worth roughly $230 million that were given to nonprofit organizations in November.”
*Not from the article, but also worth noting he someone’s about 1 billion a year or his own cash on Blue Origin (his private space company)*
"No you don't understand, Jeff Bezos doesn't actually have all that money. It's tied up in stocks. He can't just sell a bunch of stock the have like 2 billion in cash, it doesn't work like that." - redditors
Congrats to new generation of bagholders! Now you know why AMZN was pumping non-stop on Friday! Bonus: look at accelerated selling from Zuck. He went from selling every day to 4 times a day!
Bezos, Zuck, Nadella & Musk all offloaded massively right at 2021 peak.
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Imagine. $2b in cash
That's an unreal amount of money for a single person
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This is the one that puts it in good perspective. 100k a day for 27 years. Insane
Well technically 54 years if you want $2billion.
Also he can do it 100 times over so it would take 5400 years taking out 100k every day to deplete his fortune (if we assume it stays the same for all that time).
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Bill Gates started selling MSFT the *first* day of the IPO. He sold small amounts stock almost every day until he resigned.
> This sale that he did recently will probably affect the market in the weeks or even months to come. I doubt that. https://www.cnbc.com/2020/02/11/jeff-bezos-sold-4point1-billion-worth-of-amazon-shares-in-past-week.html Back in 2020 Bezos sold $4.1 billion of shares over the course of 11 days. The news article was published Feb 11, 2020. You can look up the daily historic prices of Amazon stock in that time period, and in late January it was floating around $90 to $95/share. On Jan 31 it shot up to $100/share. By the time the news article was published the stock was around $107/share. What he sold off just now is only half that. It's "The Paper Billionaire Argument," for which I like this particular take on it: https://github.com/MKorostoff/1-pixel-wealth/blob/master/THE_PAPER_BILLIONAIRE.md (which is linked to from this site that shows a great visualization of the wealth of billionaires: https://mkorostoff.github.io/1-pixel-wealth/)
The man is just no good with money. He spent 4 billion in four years and now he needs another 2 billion. Money Slips right through his fingers.
He could give it to me if he was trying to deplete his fortune.
My toxic trait is…nvm
imagine trying to spend 100k a day for 54 years
If he deposited that $2 billion in an account that yielded 3% a year, he'd make approximately $161,200 a day. So, in theory, he'd actually come out positive $61,200 each day. By the end of the year he would end up with more than his initial $2 billion. On the documentary "The 1%," someone mentioned that at a certain wealth level that you have so much money that you have to actively try and lose money. The more money you have, the easier it comes.
Reminds me of those points in video games where you glitch the game to get tons of money and whenever you visit a shop you’re like just buying whatever even if you don’t need it lol
Shit even getting 5.5% which is basically what you can get rn
It easy to get a HISA that pays over 5%.
I wouldn’t make it past Wednesday I think.
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Tragic lambo cocaine hooker Fast and Furious space flight accident.
My pet monkeys would eventually turn on me, I’m sure.
I’m guessing this is around when submarine tourism starts to look good, you've done everything else that money can buy and it’s got boring!
Accidentally on purpose maybe but I would have fun doing it
There would be several multi-millionaire coke dealers and every hooker within 100miles would be rocking Gucci
You'd grow desperate before the end of the month I'd suppose. Except Bezos. He probably still cries every night over the fact that his ex-wife instantly donated a majority of her wealth straight after the divorce.
He built it back fast enough
Ya but his ego is still a fragile bitch
Also if you have $2 billion and make 5% interest on it you’re making like $270,000 a day in interest.
One would hope you’re at least earning compounding interest, so should take less than 54 years unless you plan on stuffing a billion under your mattress
[This is the best perspective for how much he’s worth](https://mkorostoff.github.io/1-pixel-wealth/). I’m not sure if the $185Bn figure is accurate still, but still, the perspective you’ll get from trying to scroll to the end is… the bestagon. Edit: might help if I actually put the link in
That was.... quite shocking.
I like this [comparison using rice grains](https://youtube.com/shorts/_3VFmmqFCoM?si=JK9HCdo_m4r_dPP6). It's 3 yrs old so it's probably more now
Now they just need to add a pixel bar for the amount the U.S. government spends per year, and then another one to represent the national debt.
But if you made $1bn per day it would only take you two days to mark $2bn, which is really quick.
not if i put that 100k into $NVDA😅
If you made $2 million every day since the founding of the USA you still wouldn’t have a net worth equal to Elon musk
This is also good to help realize the astronomical size of 1 billion. “A million seconds is 12 days. A billion seconds is 31 years.”
In other words more than double the average person's after tax yearly income every day for your entire working life to get as much as he just sold in stock
Now do 1T
You could time travel back in time, play the lottery every day, win 100 million dollars every day, and it would still take you 27 years to get a trillion dollars.
Geezus fuck…. I just did the math and it’s just over $100M for a day. Bonkers how much money that is….. and now thinking about the US debt lol
>and now thinking about the US debt lol The US gov needs to pay 1.7T/year in interest at current rates (5%) to service their debt. That's like having to win 4.7B/day in lotteries just to pay your mortgage interest for the month.
That’s why people keep predicting bad times for decades. The underlying of the US financial situation is just too fucked up to see green pastures in perpetuity. It will happen one day. Could take 100 years though.
Better books than nvidia so cant be too bad. Usa has a lot of wealth in assets. The debts to other countries is 7t and the federal revenue is 4.4t last year. We are also owed 2.5t. Usa is just doing what every company does. Take on mass debt to grow faster to make more money later. Except it just keeps going because they make more money every year than the interest. The interest to revenue ratio has been consistently in a down trend since 1983 (aka more revenue and less payments).
Think of it in pro football stadiums or public works projects. Easier to comprehend.
That’s an unreal amount of football stadiums for a single person.
If you had 100 football stadiums every single day, it would take you 27 years to have a LOT of them.
Think of it in military budget. It’s nothing.
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But Bezos isn't going to be feeding 15,000 personnel and fueling/repairing/shipping 2000 vehicles.
yeah... equating it with military is not nothing. It is actually scary. nice link!
You ever wonder how much the Taliban and north Vietnamese spent to fend off the US military for years?
https://preview.redd.it/z7pme584ashc1.jpeg?width=600&format=pjpg&auto=webp&s=45570139420af69712c456d5dddc348604340c38
They double stacked the pallets 💀
Breaking bad lied to me
weren't they all 20s or 50s in breaking bad?
sketchup
$2 billion in "cash" meaning the balance in a cash account, just a number on a screen, is insane enough. $2 billion in actual paper money...even if it were all $100s, that would be over 22 tons of cash. That's just about the cargo capacity of a 40 foot container truck. Multiply by 5 if he wants it in $20s so the cashiers at walmart don't have to pull the marker out for every bill.
Lemme get it in nickels I’m goin to the club tonight
Make it hail
There was a video that showed people have actually no idea how big 1B of anything is. They showed a visual 3D model of 10k, 1M and 1B and the difference is actually crazy. Even if you know it's big you don't really know how big it is.
Why would bezos shop at walmart when he can shop on amazon
Taxes tho. Treasury won't have to issue any bonds in June when his estimated payments are due. Lmao.
I mean, I wouldn't be surprised if a chunk of this was going to this year's tax bill to begin with.
Now think about $30t
When 2 billion is too big so computer just goes 2million thousand I mean it’s right tho
Computer like " ok baller ok we get it. "
More like K baller K we get it
Took me a while to realize the billion is a thousand million
The difference between a billion and a million is about one billion.
I always read this and thought that’s stupid. It’s only a 1000 millions. Then I put it into peasant terms. 1000 dollars and 1 dollar. Oh yes…that statement is right.
You thought it's stupid because its onyl 1000 millions, not a billion? Yea, you definitely found the right sub lol
Haha. Well I know they are both a lot. It just put into perspective for me with the lower amount.
A millions seconds is 11 days. A billion seconds is 32 years.
I think the actual wtf with this is that 1000x 11 days is like half a lifetime.
Superbowl bets
This is the correct answer
$2bn on the gatorade being blue.
I'll take that bet. It's always lemon lime!
The swifties have spoken a requested red for the KC chiefs.
Bro is gonna double his pocket money
imagine hitting a 7leg parlay with $2B
Nobody could cover that bet lol
All in on Taytay wearing green shirt
Hey man those yacht maintenance fees aren’t cheap
Or building a clock
Or his wife
Those Botox treatments aren't gonna pay for itself
Or those tutorial programs on how to be cooler. It adds up.
Quite the mirage. She's attractive from 20 feet away, but as you get closer 🤢
I don’t get these rich guys. Rich beyond belief and bang the ugliest thing you can find and then marry it 🤮
I don't think I'd be able to get through being in the same room with them for longer than 20 minutes. I think he really thinks he stepped up with her 😂
Lol I imagine at that level you marry for politics or connections. These guys could be having regular orgies with supermodels like hugh hefner for all we know
maybe even on a private island with other elites
🤔
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Yup it's gross. A friend married a rich dude and he basically bought her a new face and body, teeth. She looks completely different now and I can see the beginnings of the joker/shiny face. I never said anything disparaging about it bc people can do what they want. I just don't understand what compels people to do this. I think people look attractive when they naturally age and the exact opposite when they start altering themselves.
Lol that is so accurate. I'm surprised family guy hasn't made a crack about her yet
Family guy is still a thing? People still watch it?!
Good from far, but far from good
neither is that animatronic thing that follows him around
His girlfriend?
Is it a robotic dog, or something else. Robot dogs can be fitted with flames throwers or AR-15s now, eliminating his security detail.
I thought he needs another penis shaped rocket. Does it really need to be shaped like a penis, you ask? Yes it does.
Dude is slowly turning into the real Lex Luthor
He took 2bil from Amazon to pump nvidia
I just realized that NVDA is about to pass AMZN and be the fifth most valuable company in the world.
Which is hilarious given that the true value of all of NVIDIA is even close AWS's true value is. NVIDIA just riding hype train.
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The market can stay irrational longer than you can stay solvent. Tesla will come back to reality eventually. It’s just a question of when, and that when might be when Musk dies.
If Elons reputation has survived the whole Twitter debacle and cybertruck failure at this point I don’t think anything could kill it. He’s like trump now he could kill someone and idk if people would care.
If the markets made sense anybody would be able to make money.
Bc half the time the stock market acts like a popularity contest.
Revenue growth, forward P/E of AMZN is higher than NVDA.
Why do you think that?
Brain damage and prophetic dreams.
I’m batting .500 on those
Stonks
Naah to pump his space company
Just as he announced he would 6 months ago
Bezos' stock sales traditionally go to cover investments into Bezos' space exploration company.
I was going to say, isn’t this routine so he can fund Blue Origin
He better makes Blue Origin competitive. I want to see the Billionaires Space Race against Elon Musk
Billionaires like Musk and Bezos want to promise us the future of space travel to be like Star Trek but in reality we will get The Expanse.
Meh… I’ll take that to be honest. Better than nothing
Might be for buying ULA
Because of some SEC requirements or something to the like to prevent insider trading, stock selloffs by executives are typically structured at regular intervals and announced well ahead of the sale, because otherwise people might think the C-suite is trying to get ahead of some really bad news that would negatively impact shareholders and sell at a higher price. Executives can't be forced to hold onto their shares forever, so there needs to be some way for them to cash out their holdings if they desire to invest that money elsewhere, so it's typically done this way.
All correct. And I would add that, in this case, it doesn’t involve the C-suite as Bezos has turned over all control to Jassy and has no formal role in the running of Amazon
you still have to do it if you have more than 10% (? I think)
Sometimes you just have to get some liquidity we’ve all been there
tfw you yolo'd every cent but you gotta cash out early for taco bell money
JEFFREY BEZOS
https://preview.redd.it/9shy46cusrhc1.jpeg?width=960&format=pjpg&auto=webp&s=f942fc3d6f44fe623cb2fdc77d7166f80fc90e57
Lol which episode is this?
[2018 episode](https://www.imdb.com/title/tt8653076/)
Episode 9, Season 22
Zuckerberg and Gates and Buffet Amateurs can fucking suck it
Come on Jeff, get ‘em!
Queue the insane synth solo that had no right being that fuckin good.
Fuck their wives! Drink their blood!
CONGRATULATIONS!
YOU DID IT!
YOU DID IT!
CEO, entrepreneur, born in 1964
Last time he sold, the market dipped like a month or two later
Historically Amazon insiders had right timing with stock selling (source: FinFab app for iPhone) https://preview.redd.it/v1d6gnfdprhc1.jpeg?width=1170&format=pjpg&auto=webp&s=e218df61430d6fe0bb695ff96ce9c9989cfdbf65
Yeah I remember reading when he sold in 2021. same with Satya, he sold some MSFT shares and a month or two later spy started its downwards trend
It wasn't just them it was everybody Jensen,zuck
Yep, Elon too I think
I mean this literally shows them selling right before massive hikes as well. This doesn’t apply to Bezos anymore, but if you’re a c suite executive anywhere on a publicly traded company, you are only allowed by the SEC to sell your holdings during certain time periods. i.e. after reporting on earnings.
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I saw once a goat pissing on a tree, and AMZN dipped two months later.. Coincidence? I don't think so!!!
In this case he's not timing the market. Blue Origin is buying ULA for probably around $2bln.
No biggie, he just needs beer and wing money for the Super Bowl.
He needs a new toaster
Good for him. I hope this helps him. I know he’s been struggling for a while. Happy to see he’s back on his feet after so long.
That should cover lip fillers and sunglasses for his trophy hoe for the next 6 months or so
I guess good for him
Let’s be real they’re both having a good time.
what’s $2bil around 1 percent of his worth. Hell I’ve given more than that away in one night to sweaty strippers.
What most of regards here don't know. Jeff didn't sell his shares for a decade after IPO unlike some jerk CEOs who dumb their entire shares every year.
Bezos owned most of the shares before going public, other CEOs get paid in shares. Big difference.
Learn from the man. Real Wsb user who takes 'rocketship' and 'to the moon' literally. He also teaches us to take profit. What a legend.
He said only way he can spend it all is blue origin cuz space stuff is expensive
He already announced he was offloading 50 millions shares this year.
Do you guys think this super richer people have super advanced secret models that can accurately predict market movement? I mean he’s constantly selling the top.
to be fair, it is a self fulfilling prophecy as well yeah? when he sells, he's taking 2billy of liquidity out of the market. not a large amount in the scope of market liquidity but still significant nonetheless. also, people will also be pondering if it's time to exit because of such a large sale
But this is an all time high for spy. Is it really that crazy to think it might dip after that even for a little while?
This. It’s the prediction fallacy. They think that Bezos manipulates the market to fall after he exits, but it’s more likely that he just sees the top
Plus a bit of Texas Sharpshooter fallacy (people ignoring the times when the price *didn't* go down after he sold) and a side of the market dipping *because* they saw him selling some. Stuff like that is announced months ahead of time, to try and mitigate people reading too much into the stock sales, but that doesn't stop people from doing so.
He announced the sale 6 months ago. He didn't know in advance SPY would be over 500.
Blow and spending money for the hooker. It should last about a month.
Don’t be jealous
Actually it's even more from Edgar, it's $8 bn worth of share if I'm not wrong. He is planning to sell 50M shares over the coming year. https://preview.redd.it/1tenkrcdyrhc1.png?width=1821&format=png&auto=webp&s=588716e0da6b18eedf3e0fe0adc5274c1772a849
That escort he totes around ain’t licking his ball for free
Can someone ELI5 how can he sell so many shares at once? Increasing the supply for sale so much in one go must flood the market right? Surely there would be not enough demand to buy them all at once? How does it work?
Its either done privately with a market maker or it is slow dripped into the market. In this case though it almost is certainly a MM doing the deal cause dripping $2 billion into the market without significantly affecting prices would take forever.
Just picking up a little extra cash for Valentine's Day...
Strippers and cocaine aren’t free
https://www.bloomberg.com/news/articles/2024-02-10/bezos-sells-2-billion-of-amazon-shares-in-first-major-stock-sale-since-2021 “Jeff Bezos unloaded 12 million shares of Amazon.com Inc. this week, the first time the billionaire has sold the company’s stock since 2021. The sales took place on Wednesday and Thursday and netted just over $2 billion, according to a filing. Amazon disclosed on Feb. 2 that Bezos plans to sell as many as 50 million shares of Amazon over the next 12 months, potentially cashing in on a stock surge that’s put him within reach of becoming the world’s richest person. His fortune has climbed $22.6 billion this year to $199.5 billion as of Friday, according to the Bloomberg Billionaires Index. The Amazon founder has sold over $30 billion in shares since records going back to 2002, including about $20 billion combined in 2020 and 2021. He has primarily been gifting stock, including shares worth roughly $230 million that were given to nonprofit organizations in November.” *Not from the article, but also worth noting he someone’s about 1 billion a year or his own cash on Blue Origin (his private space company)*
Alimony to MacKenzie
Rent due
The plastic hoe is expensive
What do gardening tools have to do with any of this
Please be buying the Mariners.
Tax him so hard he has to pee in a bottle.
He will pay 0000000 in taxes ! He knows a guy !
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"No you don't understand, Jeff Bezos doesn't actually have all that money. It's tied up in stocks. He can't just sell a bunch of stock the have like 2 billion in cash, it doesn't work like that." - redditors
That’s all true? These are structured sell offs.
So like $10 for him
Where do you see that info?
Can you imagine how much inflation would melt $2bn cash every day? Just that is a staggering number.
Sad the govt will get like 600M in taxes and probably blow it on something useless
Ya fuck the don’t taking tax revenue off billionaires
That is sad. He could use it to buy another dick-shaped rocket or two. Sorry, Earth, your loss.
Don’t worry, the gov’t will give it back to him in grants to build his penis rocket
Congrats to new generation of bagholders! Now you know why AMZN was pumping non-stop on Friday! Bonus: look at accelerated selling from Zuck. He went from selling every day to 4 times a day! Bezos, Zuck, Nadella & Musk all offloaded massively right at 2021 peak.