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Amazon CEO Jeff Bezos Is Now Worth A Record $141 Billion
CNBC ^ | 06/18/18 | Zameena Mejia

Posted on 06/18/2018 5:23:03 PM PDT by Enlightened1

Amazon founder and CEO Jeff Bezos, the wealthiest person in the world, is richer than he has ever been before. Since June 1, the tech titan's net worth has grown over $5 billion and now totals $141.9 billion, according to the Forbes World's Billionaires list. That makes Bezos worth roughly $49 billion more than Bill Gates and about $60 billion more than Warren Buffett.

This latest win for Bezos is just one of many he has enjoyed this year.

As Amazon's customer base sticks around despite the latest Prime latest price hike in exchange for a slew of services and perks, the company's stock has continued to increase in value. Even Buffett now regrets not investing in Amazon when he had the chance.

Earlier this year, Bezos officially became the richest person in the world and also helped make Amazon the second most valuable company in the world, behind Apple. And his success can arguably be traced back to a risk he took when he was 30 years old.

Bezos was a straight-A high school student and the class valedictorian, and he got accepted via early admission to Princeton, according to Brad Stone's biography "The Everything Store: Jeff Bezos and the Age of Amazon." He majored in computer science and electrical engineering, and then went on to work various finance and tech jobs after college.

It was while serving as a vice president at the hedge fund D. E. Shaw in the 1990s that Bezos came up with the idea to sell books over the Internet. Doing so, though, would mean taking a significant risk and ...


(Excerpt) Read more at cnbc.com ...


TOPICS: Books/Literature; Business/Economy; Computers/Internet; Miscellaneous
KEYWORDS: 141; amazon; billion; billionaires; jeffbezos
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To: madprof98

“His employees are on food stamps while he spews out social justice propaganda.”

If they’re not satisfied with their pay are they not free to go work elsewhere?


21 posted on 06/18/2018 5:41:53 PM PDT by suthener
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To: unlearner

Yes. I have used Walmart online. The experience was not very different and no worse than Amazon.


22 posted on 06/18/2018 5:42:00 PM PDT by Wuli
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To: unlearner

Walmart is not bad but I usually find prices cheaper on ebay than amazon. I have no idea how ebay leans.


23 posted on 06/18/2018 5:42:46 PM PDT by BBell (not drinking, just a smart a$$)
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To: madprof98

Order pickers are worked so hard they burn out in just a few weeks. He could double their pay and hire more workers and still woun’t miss a nickel.


24 posted on 06/18/2018 5:43:26 PM PDT by Blood of Tyrants (The ONLY purpose for gun control is so that one group can force its will on a less powerful group.)
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To: madprof98

Order pickers are worked so hard they burn out in just a few weeks. He could double their pay and hire more workers and still woun’t miss a nickel.


25 posted on 06/18/2018 5:43:26 PM PDT by Blood of Tyrants (The ONLY purpose for gun control is so that one group can force its will on a less powerful group.)
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To: madprof98

Order pickers are worked so hard they burn out in just a few weeks. He could double their pay and hire more workers and still woun’t miss a nickel.


26 posted on 06/18/2018 5:43:27 PM PDT by Blood of Tyrants (The ONLY purpose for gun control is so that one group can force its will on a less powerful group.)
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To: madprof98

Order pickers are worked so hard they burn out in just a few weeks. He could double their pay and hire more workers and still woun’t miss a nickel.


27 posted on 06/18/2018 5:43:27 PM PDT by Blood of Tyrants (The ONLY purpose for gun control is so that one group can force its will on a less powerful group.)
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To: madprof98

Order pickers are worked so hard they burn out in just a few weeks. He could double their pay and hire more workers and still woun’t miss a nickel.


28 posted on 06/18/2018 5:43:28 PM PDT by Blood of Tyrants (The ONLY purpose for gun control is so that one group can force its will on a less powerful group.)
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To: unlearner

We’ve used walmart.com. Both delivery to our house and pick up at the store.

Also acehardware.com, same.

Had no problems with either.


29 posted on 06/18/2018 5:44:11 PM PDT by Black Agnes
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To: ExpatCanuck

Were you a millionaire in Canadian dollars? I think that’s like a $1,000 Merica dollars.


30 posted on 06/18/2018 5:46:38 PM PDT by BBell (not drinking, just a smart a$$)
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To: Enlightened1

Who woulda thought that his little used book venture would ever amount to much?


31 posted on 06/18/2018 5:48:03 PM PDT by Slyfox (Not my circus, not my monkeys)
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To: Enlightened1

"For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows."

1 Timothy 6:10

32 posted on 06/18/2018 5:50:26 PM PDT by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: DivineMomentsOfTruth

“It’s not impossible.. it’s a choice of convenience.”

I’ve found it is actually easy to avoid giving rich liberals my money when I’m broke. ;-)

But, yeah, I get what you’re saying. I’m kind of at a point where I could almost see myself aligning with a modern Amish-like movement. The Amish use technology and innovations, just outdated versions of them. Even though I’ve always been a big fan of technological innovations, I think I could be comfortable without much more progress in this area.

We definitely trade away our birthright for convenience these days.


33 posted on 06/18/2018 5:53:31 PM PDT by unlearner (A war is coming.)
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To: madprof98

I’ve heard the same about Amazon employees...Over worked and WAY underpaid...


34 posted on 06/18/2018 5:53:56 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: SkyPilot

It’s the root of an evil not all evil.


35 posted on 06/18/2018 5:58:25 PM PDT by fulltlt
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To: fhayek

And he’s a complete loser
A bald loser


36 posted on 06/18/2018 6:00:08 PM PDT by Truthoverpower (The guvmint you get is the Trump winning express !)
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To: Enlightened1

Obviously not paying his workers enough.


37 posted on 06/18/2018 6:00:48 PM PDT by Retvet (Retvet)
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To: Blue House Sue

Have you seen rent prices in Seattle?

/s


38 posted on 06/18/2018 6:01:42 PM PDT by rockrr ( Everything is different now...)
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To: Truthoverpower

Don’t get me wrong. I am not saying that he is a great guy or anything. I just enjoy making these kind of comparisons. He we have Donald Trump, who is arguably the richest President. (People talk about Washington and Kennedy, who knows?). To Bezos, Trump’s wealth is barely a rounding error.


39 posted on 06/18/2018 6:09:24 PM PDT by fhayek
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To: Enlightened1

40 posted on 06/18/2018 6:12:23 PM PDT by EdnaMode
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