Jeff Bezos on Track to Become World’s First Trillionaire

[Mirage]

Now that’s a headline you don’t see every day.

Amazon’s CEO Jeff Bezos is on track to become the world’s first trillionaire by 2026, according to some projections.

Jeff Bezos could become world's first trillionaire, and many people aren't happy about it — USA TODAY

A company projected Amazon's Jeff Bezos could become the world's first trillionaire, sparking critical responses to the entrepreneur and his wealth.

apple.news

That’s a thousand billion dollars in personal assets.

Some point to a broken system when seeing stories like this. I’m up for discussing that, but I also think the “tax the evil rich” is a bad attitude to have as well.

Jeff built something magnificent with Amazon. To say he’s selfish for wanting to keep the fruits of his labor seems a bit hypocritical, especially since it’s often times people who want to keep the fruits of his labor who make such claims.

At any rate, we do have some seriously hurting people in poorer communities though, so the answer isn’t just to tell them “quit complaining and go get a job.” Most of us agree taxes are a necessary evil. I think the struggle is that increased taxes often don’t actually mean bettering the situation of those who need help. Instead we see government bloat and raises for career politicians.

What do you think about somebody being able to achieve the status of trillionaire?

And for the record, a trillion is a million million dollars...

 

[MenInTights]

This is what I love about Amazon.
1. They will hire just about anyone.
2. You can make as much OT as you want.
3. After working for them for awhile, they will pay you to start your own business. You could make $100k+ at this business.

Amazon offers employees $10K and 3 months’ pay to start their own delivery businesses – TechCrunch

Following news of Amazon’s plans to reduce Prime shipping down to one day, the company this morning announced an expansion of its Delivery Service Partner program, which now includes a new incentive that encourages existing Amazon employees to start their own package delivery company. The par…

techcrunch.com

Never seen anything like that.

God bless Amazon, God bless Bezos.

 

[CaptainObvious]

I have no problem with it. Good for him. He’s created a shit ton of jobs, allowing people to feed their families, pay their mortgages, and pay taxes. He’s created a business that has adapted with the times. More power to him.

 

[Hilander]

Like others have said, more power to him. He took a chance which paid off well for him. Would like to see more people become wealthy in this country.

 

[CaptainObvious]

What people don’t understand is, his money is invested. It’s not kept under his mattress. That allows banks to lend, for mortgages, school loans, etc. Its a good thing.

 

[Impact]

I can't even picture how much money that is it's so much. But good for him, it's not like he hasn't worked for it. And just think, this is with that huge divorce settlement, I imagine it would be a lot quicker without that.

Are there issues in the world that could be solved by that kinda money? Yes. Did Jeff Bezos cause that or is it his responsibility to fix it? No. Besides, he gives huge sums away as it is.

You hear stories about low pay or long hours in Amazon factories but if he's abiding by the laws of the area, I don't see a problem with him personally. It's an entry level position that anyone could do, of course the pay will be low. On the other hand, I've seen plenty of reports of skilled positions being paid well. It literally represents the whole workforce just on a global scale yet I see a lot of people get really passionate about hating Bezos for it.

 

[Mirage]

For those hero are having a hard time wrapping their minds around a trillion...

A million seconds is 12 days.
A billion seconds is 31 years.
A trillion seconds is 31,688 years.

 

[Smelnick]

Frankly he didn't earn shit. Its the millions of people he has working for him that did all the work. It baffles me why people like Bezos, that far removed from what actually happens day to day, are praised for their profits. He gets that much profit by paying the least amount possible to have the most workers. I bet its people he's paid, who had all the ideas, that makes amazon successful. I highly doubt bezo works on the website himself at all. People want to say he's earned it because he 'worked so hard' but really, he just knew how and where to spend money. He got lucky is all. Screw his trillionaire status. With those kind of profits, he could afford to pay above minimum wage to ALL employees. If you own a business, and its that successful, you should really be a hell of a lot more grateful to all the people making that happen. There are people sacrificing a shit ton more than he ever will for his company to be profitable.

 

[dDave]

Frankly he didn't earn shit. Its the millions of people he has working for him that did all the work. It baffles me why people like Bezos, that far removed from what actually happens day to day, are praised for their profits. He gets that much profit by paying the least amount possible to have the most workers. I bet its people he's paid, who had all the ideas, that makes amazon successful. I highly doubt bezo works on the website himself at all. People want to say he's earned it because he 'worked so hard' but really, he just knew how and where to spend money. He got lucky is all. Screw his trillionaire status. With those kind of profits, he could afford to pay above minimum wage to ALL employees. If you own a business, and its that successful, you should really be a hell of a lot more grateful to all the people making that happen. There are people sacrificing a shit ton more than he ever will for his company to be profitable.

People work for Amazon at a pay grade that they agreed to. If they don't like it, they can move on to something else. There's plenty of people that would love to work for Amazon right now.

I'm not going to speak to Jeff's ethics, moral character, or anything like that. I don't know much about the guy but I can say that he absolutely earned his money. There's nothing wrong with Amazon, one of the largest companies on planet earth, having a CEO that makes a crap ton of money. They're insanely successful and he is the founder of the company, he's been at it for 26 years and literally started in a garage. Instead of hating on him for being rich, I respect him in that regard.

Think about it like this. Instead of "oh Jeff Bezos is so greedy" think about how 840,000 people have jobs because of him. That's extremely valuable to every person employed at Amazon (especially during a pandemic) and it's valuable to the country as a whole. It would be nice if he gave out pay raises, sure, I won't argue with you there, but he doesn't owe it to most of the people at Amazon. You don't get to enjoy the benefits of a company you have no real stake in simply because you work there. If employees want to make more off of Amazon't profits, they should consider purchasing stock, it's open to anyone.

Also, bear in mind that trillionaiire doesn't mean he has $1,000,000,000,000 in cash just sitting around. 99.8% of that will be invested in something. Amazon, stocks, bonds, annuities, real estate, etc. Trillionaire simply means that his total assets add up to one trillion dollars. Part of why he is so rich is because he put his money to work for him instead of letting it sit or simply spending it.

 

[CaptainObvious]

Frankly he didn't earn shit. Its the millions of people he has working for him that did all the work. It baffles me why people like Bezos, that far removed from what actually happens day to day, are praised for their profits. He gets that much profit by paying the least amount possible to have the most workers. I bet its people he's paid, who had all the ideas, that makes amazon successful. I highly doubt bezo works on the website himself at all. People want to say he's earned it because he 'worked so hard' but really, he just knew how and where to spend money. He got lucky is all. Screw his trillionaire status. With those kind of profits, he could afford to pay above minimum wage to ALL employees. If you own a business, and its that successful, you should really be a hell of a lot more grateful to all the people making that happen. There are people sacrificing a shit ton more than he ever will for his company to be profitable.

Um, it’s his company so yeah, he did earn. Most people used the internet to play Angry Birds and watch porn. He didn’t. Good for him.

What does how much he earn have anything to do with how much he pays people? Pay is based on the supply of labor, not based on how much your employer is worth. That’s counterproductive to building an economy.