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Honored Social Butterfly

Bezos Now Worth $200-Plus Billion

Bezos now worth an astounding $200-plus billion


August 27, 2020


Jeff Bezos is the living embodiment of the old adage that "the rich get richer," with the Amazon founder's net worth on Wednesday surpassing the $200 billion mark for the first time.


Bezos' personal wealth rose to its current staggering level as the stock price of his e-commerce company hit a record high of $3,438 per share.


At the same time, a rally in Tesla shares has pushed CEO Elon Musk's net worth above $100 billion, according to the Bloomberg Billionaire Index, a ranking of the 500 wealthiest people on the globe.


Microsoft founder Bill Gates is the second richest person in the world, having amassed a personal fortune now worth $124 billion.


Facebook's Mark Zuckerberg also saw his net wealth surpass $100 billion this month.


Widening income inequality has fueled efforts to limit the gap by progressive lawmakers including Senator Bernie Sanders, who this month proposed legislation to tax "extreme" wealth gains amid the ongoing pandemic.


"The fact that Jeff Bezos became the world's first $200 billion man at a time of unprecedented human pain and suffering is morally grotesque.
No. Billionaires should not be allowed to make $800 billion during a pandemic.
Our job: Tax the rich and expand Medicare to all." — Bernie Sanders


Bezos has been the wealthiest person on the planet since 2017.


Apple CEO Tim Cook recently became a billionaire as the market price of his company — the most valuable on the planet — surged to $2 trillion. Cook's net worth is not even a quarter of that of the person at the bottom of the Bloomberg list, Indian industrialist Vikram Lal, whose personal wealth is estimated at $4.5 billion.


https://www.cbsnews.com/news/jeff-bezos-net-worth-200-billion-first/


In other economic news...

 

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Study Shows 12 Million Lost Employer-Tied Healthcare During Pandemic

 

https://www.commondreams.org/news/2020/08/26/threadbare-us-system-denounced-study-shows-12-million-l...

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Honored Social Butterfly

  He did not physically build anything.   He used OPM and still does.   It is finally why some small companies ( including MY favorite book store) has decided to not do business with his company any longer - he rips them off.   He uses leverage to "assist" new business and then looks to either buy them out or pad his own pocket.

 

It is one of the problems with Capitalism.   

PRO-LIFE is Affordable Healthcare for ALL .
Honored Social Butterfly

He did not physically build anything.   He used OPM and still does.   It is finally why some small companies ( including MY favorite book store) has decided to not do business with his company any longer - he rips them off.   He uses leverage to "assist" new business and then looks to either buy them out or pad his own pocket.

 

It is one of the problems with Capitalism. 

~~~~~~~~~~~~~~~

It's one of the problems with unfettered Capitalism.

 

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Video....

 

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Honored Social Butterfly

Here’s what you could buy with only $100 billion (Half of Jeff Bezos wealth)....


If sports is your thing, with the average cost of an American pro-football franchise at $1 billion, you could own every team in the NFL, and have enough left over to buy all the baseball teams in the Major Leagues, the National Hockey League, and the English Premier League.


 

 

 

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