Jeff Bezos Surpasses Bill Gates as World's Richest Person(bloomberg.com)
bloomberg.com
Jeff Bezos Surpasses Bill Gates as World's Richest Person
https://www.bloomberg.com/news/articles/2017-07-27/bezos-surpasses-gates-as-world-s-richest-ahead-of-amazon-results
406 comments
Hasn't Bill Gates mostly been focused on spending his fortune as effectively as he can on philantropy for the last decade or so? In that light it's more amazing it took that long.
Steve Yegge Story about Jeff Bezos: https://plus.google.com/110981030061712822816/posts/AaygmbzV...
Joel on Software Story about Bill Gates: https://www.joelonsoftware.com/2006/06/16/my-first-billg-rev...
Bonus Bill Gates Pancake Problem story: http://www.npr.org/templates/story/story.php?storyId=9223678...
Joel on Software Story about Bill Gates: https://www.joelonsoftware.com/2006/06/16/my-first-billg-rev...
Bonus Bill Gates Pancake Problem story: http://www.npr.org/templates/story/story.php?storyId=9223678...
I was one of the guys writing M$ and annoyed by the shady business practices of Gates.
Today he has my utter respect on how he tranformed and how he spent his money.
Today he has my utter respect on how he tranformed and how he spent his money.
Officially at least - there is a chance that Putin is actually the richest person in the world: https://www.theatlantic.com/politics/archive/2017/07/bill-br...
"He wasn’t saying 50 percent for the Russian government or the presidential administration of Russia, but 50 percent for Vladimir Putin personally. From that moment on, Putin became the biggest oligarch in Russia and the richest man in the world, and my anti-corruption activities would no longer be tolerated."
"He wasn’t saying 50 percent for the Russian government or the presidential administration of Russia, but 50 percent for Vladimir Putin personally. From that moment on, Putin became the biggest oligarch in Russia and the richest man in the world, and my anti-corruption activities would no longer be tolerated."
I wonder at what point the world's richest will no longer include those philanthropically inclined like Buffet, Gates, and Bloomberg and will be dominated by the likes of Bezos, Slim, and Ortega. (The jury is still out on Zuckerberg and his dubious initiatives)
Our global economy is trending towards benefiting only the most ruthless, even at the very top.
Our global economy is trending towards benefiting only the most ruthless, even at the very top.
This probably does not change Bill Gates' enjoyment of day to day life, or lack thereof, whatever the case may be. It depends on whether Bill Gates is obsessed by these kinds of facts, or whether he can enjoy life without a tiny hand size measuring contest.
Money frankly is irrelevant beyond a certain point (and most of it is in the form of share holdings anyway).
I'd be more worried about the power/political influence these individuals wield. There is generally an incestuous coterie of the rich that one gets access to after a certain point, where the destruction of freedom is lubricated with champagne and caviar. Bildeberg/IMF/WTO/G20 etc. are symptomatic of such cabals of corporatocracies and their retainers in the state apparatus that wield power over the world.
I'd be more worried about the power/political influence these individuals wield. There is generally an incestuous coterie of the rich that one gets access to after a certain point, where the destruction of freedom is lubricated with champagne and caviar. Bildeberg/IMF/WTO/G20 etc. are symptomatic of such cabals of corporatocracies and their retainers in the state apparatus that wield power over the world.
I cant entirely decide if I find that graph [1] more impressive or terrifying. Look at the time scale and the speed at which Bezos' net worth increased, while starting at the already insane point of 30 B.
[1] https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iVJAUVVd7l0...
[1] https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iVJAUVVd7l0...
Is there a measure of the most fully liquid richest person? i.e. the individual that holds the most cash.
Somewhere there is a community of retailers that hates Amazon as much as Slashdotters hated Microsoft.
I was surprised by this. Anyone know the levels of philanthropy of Bezos vs Gates? I've ready many times of the great work and resources (money and otherwise) that Mr Gates has contributed to many causes.
From the article
" Anyone who joins Prime shops in retail stores 10 percent less, and that number will keep accelerating as Amazon adds more inventory.”
Id love to know the analysis on this.
I deliver to amazon addicts and prime-ers. Although, yes, they order often (5-6 days a week) the volume of items by count is tiny compared to a shopping cart at a store.
Id love to know the analysis on this.
I deliver to amazon addicts and prime-ers. Although, yes, they order often (5-6 days a week) the volume of items by count is tiny compared to a shopping cart at a store.
Damn it, why did I sell half my Jeff Bezos stock
Prime Day paid off it seems
How much of that money is he actually giving away to uplift other people? A lot to catch up on Bill Gates there
So to understand how much money he has let's say Jeff Bezos is walking in the street and sees US$42,000 laying on the ground. He is so rich that it's not worth for him to stop and get the money. It's like you and me seeing a 10 cents coin on the ground. That's his life.
Just imagine the quality of head wax he can afford now.
I wonder how does his security detail look like.
Only on a technicality, because Gates's Net Worth doesn't include money in the foundation that Gates controls.
Well deserved, I'm afraid.
Ok, thanks for the info. Now, i can pass rest of my day miserably.
Something in the water in Seattle
You guys haven't been keeping up the boycott, have you?!
So when do we think Bezos will go on the typical billionaire philanthropy track? Actually, a better question is probably will he even? At Bezos' age, Gates was already in a backseat role with most of his non-philanthropic ventures. Though he shares some similarities with Gates, he shows no signs of stopping. He seems actually content with Amazon eating the world, and I don't think it will be a net positive for humanity.
BillG has been giving away something like $2B a year for the past 15 years. He's not really holding onto the title very much.
Except it's Putin
Here's what I've come up with to visualize wealth in the United States. Suppose you start counting, going up by 1 million dollars every second, and people sit down when you reach their net worth. Most people will sit down immediately. After about 9 seconds, people in the "1%" will start sitting down. Near the 17 minute mark, billionaires would start sitting down. Donald Trump would sit down just before the hour mark. A day later - an hour and 10 minutes into the second day of billionaires sitting down - Bill Gates would sit, followed by Jeff Bezos just three minutes later.
The point of this is there's a huge range of billionaires (analogous to comparing 17 minutes to a day). The 1% hardly even registers on this scale (a few seconds). (I should also mention that there should be huge error bars on reported net worth numbers.)