Jeff Bezos Becomes 2nd Man In History To Amass 12-Figure Fortune


That is the net worth of Amazon founder (and Washington Post owner) Jeff Bezos after Amazon's shares surged today on optimism over Black Friday.

As Bloomberg reports, the $100 billion milestone makes Bezos, 53, the first billionaire to build a 12-figure net worth since 1999, when Microsoft Corp. co-founder Bill Gates hit the mark.

Bezos’s fortune rose $32.6 billion this year through Thursday, the largest increase of anyone on the Bloomberg Billionaires Index, a daily ranking of the world’s 500 richest people.

And then there's this...


Herd Redirecti… y3maxx Fri, 11/24/2017 - 15:35 Permalink

The Rothschilds were alleged to have amassed a wealth of $1 Billion USD by 1850 (!!!).  Although of course it would not have been in dollars, but francs and gold and pounds, etc. But do the math if you were making 4% interest for 167 years.   Now keep in mind they were financing both sides of conflicts, committing usury, forming cartels, founding central banks, smuggling opium, children, everything under the Sun and ask if they really were making only 4%.

In reply to by y3maxx

38BWD22 adamas Fri, 11/24/2017 - 16:31 Permalink

  I guess I was not clear in my comment.Yes, he built Amazon.  Which is now in the main business of monopolizing the world.  By whatever unfair, and even Socialist tactics he can, including use of his rag The WaPo.I agree that the lazy ought not get any money undeserved.I'll try to write more unambiguously in the future.  Green for you.  With luck, lesson learned here.

In reply to by adamas

GUS100CORRINA nope-1004 Fri, 11/24/2017 - 13:50 Permalink

Jeff Bezos Becomes 2nd Man In History To Amass 12-Figure FortuneMy response: Every friday is 'BLACK FRIDAY' for BEZOS. The CENTRAL BANKS and GOVERNMENTS have made Jeff Bezos rich at the expense of everyone else for the most part.ABSOLUTE POWER CORRUPTS ABSOLUTELY.Amercia has a new challenge: What does the government do when so few people have accumulated so much wealth? America and the world are in unchartered territory.By the way, the American Government is spending 400 MM per day more than it is taking in. The CAGR of DEBT is 2 times the CAGR of even the manipulated GDP.

In reply to by nope-1004

Endgame Napoleon GUS100CORRINA Fri, 11/24/2017 - 19:31 Permalink

The dread of traffic and the thicket of store crowds made him rich. Solve the traffic problem. Stop paying people on a per-child-produced basis to overpopulate the world. Create a pleasant, meaningful, respectful, enchanting retail experience again, and maybe, people will stop shopping as much with Amazon. When shopping becomes a total chore, people start searching for ways to reduce the burden of the chore.

In reply to by GUS100CORRINA

FORD_FIESTA Fri, 11/24/2017 - 13:33 Permalink

There's the guy to go after for the "Slave Reparations"....all the Dindus would build him a statue.....and name streets after him......and make him a national Holiday.....

Bemused Observer Lost in translation Fri, 11/24/2017 - 13:57 Permalink

It has also become not believable...None of this so-called 'wealth' actually involves any increase in ACTUAL is merely attatching ever-larger numerical values to the same EXISTING stuff.The 'wealth effect' is only in your mind. You aren't sitting on any more than you had before.People are self-hypnotizing here...they need to wake up.

In reply to by Lost in translation

Running_Trillion Fri, 11/24/2017 - 13:46 Permalink

See, in todays world even the rich arent that rich :) past 2000 years there have been several people who have held fortune equal to 20-30% of WORLD GDP. Solomon, Wu, Shenzong, Khan. Even Fugger had 300b

Bemused Observer Fri, 11/24/2017 - 13:49 Permalink

Sounds pretty good, until you remember that one of the big problems we are having is with 'price discovery'. The stated retail prices aren't responding to economic conditions anymore, and no one really knows what anything is worth as a result. Everything SEEMS to be going up, but there is less conviction about why, or if it is justified.I'd argue that much of the wealth of Bezo's and Gates, and others, is also having a hard time with establishing a 'price' for itself, and has just hooked the wagon to rising dollar prices. That wealth is just floating in the same ether as all other prices/values.So, if you believe the "value" of your home has indeed doubled in a few years time, then I guess you can believe that these guys actually ARE as rich as they say.Personally? I think you're ALL full of shit.

Bemused Observer ThankUGartman Fri, 11/24/2017 - 14:05 Permalink

Why the hell should we boycott Christmas? The holiday was established long before the current corporate takeover...let Christmas boycott THEM. We can always go back to the old Victorian family-holiday, 'Gift of the Magi' type giving, with emphasis on family around the dining table instead of expensive gifts beneath the tree. A time when Scrooge was considered a villain for making Bob Cratchett work on Christmas Day, instead of being seen as a good capitalist.

In reply to by ThankUGartman

Bemused Observer Bemused Observer Fri, 11/24/2017 - 14:17 Permalink

Do a Google image search for Victorian Christmas, and you'll see an emphasis on the dining table, the foods, the family gathered around it. Toy giving, though a part of it, was in no way the main event.Compare to today, when ads for Christmas ALL feature kids tearing paper off packages and screaming with joy. Or guys giving girls diamond jewelry, and wives gift-wrapping CARS in the driveway...See a difference in what is being emphasized? THAT'S what needs to be boycotted.

In reply to by Bemused Observer