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Bezos makes ~$2,500 every SECOND. His big idea? Get a bunch of funding to heavily undercut local bookstores and operate at a loss while destroying local businesses such that he could take over as a near monopoly. And it’s highly doubtful that it was his idea, but it worked because when you’re willing to cheat against those not willing to do the same you’re gunna win.
Best part is Amazon can't even manage to shop books without destroying them at this point.
Here's the math since I was curious
1492 was 194,440 days ago * $5000 = $972,200,000
Forbes put bezos at $209,000,000,000 for 2025
The author of the tweet didn't go far enough. Should have gone for for 1 million USD instead. Even if you made 1 000 000$ every day, it would still not be enough.
Absolutely insane.
shit, I was about to write that you overshot by a few zeroes, and then I looked closer and put the commas and everything, and you're right: 194,440,000,000.
Yeah, it's so fucking wild.
Well it says that you wouldn't even be a billionaire. That's right up against the limit for being a billionaire.
But yeah bezos has over 200x that money
nEt WoRtH iS nOT sAlaRy
I feel like compound interest would be important here
It cracks me up that compound interest gets raised every time someone makes an argument about just how much money billionaires have. As if the only reason we're not billionaires is because we were too dumb to invest the $5,000 we've been making every day since Columbus sailed the ocean blue.
No it isn't because it's an imagery used to show how absurd that amount of money is. 5000 a day is easy to grasp and a few hundred years is easy to grasp.
I'm more interested about the 5k/d. That must be excluding compound interest. Like, all the money if just being stuffed into mattresses, or something. OTOH, having your money in a bank account might have reset you to zero in 1929.
Does this account for inflation?
Can you even do that since this is before USD was a thing
Inflation makes the money you earned longer ago worth less, so it would be an even less amicable comparison.
Whenever a capitalist says he got wealthy through hard labor ask him whose.
Conservative logic: Giving poor people a small amount of money will cause them not to work, whereas passing laws that benefit billionaires will cause them to create jobs.
If you made 7000 dollars every hour since Jesus was born, you would still not have as much money as Jeff Bezos.
It’s a mental illness
Maybe but there are also lots of people with mental illness who manage it and are still decent people. Not every sociopath is a serial killer but every billionaire is fucking evil. The decision to acquire great wealth at other's expense and use it only for yourself is something else.
It makes me think of hoarders. It just happens to be the case that money is universally sought-after, and so we think "it make money, is good!" But it's not much different from someone with stacks of ancient newspapers filling 98% of their living space. It's not like Jeff could actually spend all of that money even if he wanted to. He has more than he could ever need to live the most lavish and privileged of lifestyles, including giving the same to several generations of his offspring. He could still go to space and do all that crazy shit with 10% of what he has in his bank account. It can't be normal.
bUt hE GivE TO CharITY! i BELievE HiM! gOoD wHiTE MasTEr!
taxes or the guillotine. decapitilization or decapitation.
I prefer the first option, but ultimately the outcome is what's important.
You need 548 years