Jeff Bezos is now worth $93.4 Billion (Update: now 150 billion)

[™BlackPearl The Empress™]

Amazon = NWO

 

[GunRanger]

Amazon does not turn a profit every quarter. It's barely profitable and it's been barely profitable for two decades. Recently it's turned a profit for 10 straight quarters...which is a new development. For majority of Amazon's history it has a been a venture that is praised for it's multiple revenue streams, size and constant growth, not it's ability to make money.

The projected earnings per share for Amazon is 1.48...which would be one of their highs...when in Sept 2016 and Jun 2017 they had an earning per share less than a dollar...

To say Amazon is profitable when you can probably count the number of times they turned a profit on your fingers and toes would be misleading.

But like you said they turn a profit for 10 straight quarters


When any company is growing they dont turn a profit like thqt. They incur debt to do so. As long as revenue grows, it isnt a problem, which it wasnt.

 

[Sauce Dab]

That warehouse work should be a temporary thing for anybody doing it. You get in, do your time while finding something you can get into school for quickly. Your body will not be able to hold up to the demands they put on warehouse workers these days. People get laid off, people quit, and more pressure is on the workers left to do the job. Amazon isn't any different from Wal-Mart, Target, or any other retailer from that standpoint.

Everybody doesn't want to go to school. Life ain't that simple for everyone

 

[ignorethis]

WW3 will be between Walmart and Amazon lmaolmao

Walmart/Target/every company threatened by Amazon about to start clicking up lol

 

[Arithmetic]

Nah. Amazon lost money every year for like 10 years. If it was a normal business, it would have failed FAST. VC's pumped billions into it even though it was a money loser so they could get as big as possible. They undersold products on purpose to drive everyone out of business so they could become the only big business in retail and scaled up and they could only do that because VC's covered their ass.

VCs did NOT pump billions into Amazon. Ducktales. In the beginning 20 to 25 investors put in roughly $30,000 each and then some VC put up 8 million. He only raised 9-10 million total before going public. That is unreal.

 

[I AM WARHOL]

Hes gonna run the world soon

 

[Chrishaune]

Everybody doesn't want to go to school. Life ain't that simple for everyone

There's trade school. A couple months max to get started. Being out here without a trade is definitely a set back. They'll regret it in the end. Welding, CDL...etc.

 

[BlackBall]

There's trade school. A couple months max to get started. Being out here without a trade is definitely a set back. They'll regret it in the end. Welding, CDL...etc.

Out here garbage men retire with nearly 6 figure pensions. You can earn good money being a plumber

 

[MalikReloaded]

VCs did NOT pump billions into Amazon. Ducktales. In the beginning 20 to 25 investors put in roughly $30,000 each and then some VC put up 8 million. He only raised 9-10 million total before going public. That is unreal.

Hyperbole nikka

I ain't at work. I'm exaggerating. You can look them up on Crunchbase to get the exact figures, but it was a lot.

Amazon lost money like every year. They were kept in business because of VC funding. That's how they can buy a book for $10 and sell it for $8.50. If they were a normal business not getting crazy amounts of funding, they would've had to price their products just like everybody else or fail after going in the red losing money.

 

[Chrishaune]

Out here garbage men retire with nearly 6 figure pensions. You can earn good money being a plumber

There's a lot of options, but if you're lazy, you're getting left and having to hope somebody comes through with some help. That's the way it is.

 

[Makavalli]

I don't get why this board is in love with this dude so much. I am personally afraid of what will happen to ATL when HQ2 possibly comes down here. Cost of living will shoot up.

I will never side with folks making billions. The little people are getting fukked over.

They picked atlanta for the new HQ?

 

[Chrishaune]

They picked atlanta for the new HQ?

Not yet....I'm thinking Kansas City has a real good shot at getting it the more I think about it. There's some other places too.

 

[TELL ME YA CHEESIN FAM?]

He only owns 17% of Amazon?

 

[Ol’Otis]

@King Poetic @BlackPearl The Empress @Otis Kane Jr.

Accoridng to this article, his biological dad found out about him in 2012

http://www.businessinsider.com/jeff-bezos-biological-father-2013-10

pops gotta hold this L




93 billion dollar L

 

[Triipe]

gargantuan

He will have access to the best private wealth management imaginable(highest performing hedge funds, private equity deals, real estate deals etc)

He likely generates several billion dollars in liquid cash yearly

"total networth of Bezos’ family now stands at $32.3 billion as of 2014"

how the fukk did he triple up in less than 5 yrs