Home Forums Hunting & Shooting Hunter's Campfire Jeff Bezos could become world's first trillionaire

https://www.usatoday.com/story/tech...ionaire-sparks-heated-debate/5189161002/

We already have trillion dollar companies. How soon before we have our first trillionaire?

According to Comparisun, a company which allows small- to medium-sized firms to compare different business products, the world's first trillionaire will likely be Amazon founder and CEO Jeff Bezos.

Their projection shows Bezos reaching trillionaire status by 2026. The company said their projection is based on taking the average percentage of yearly growth over the past five years and applying it to future years.

Comparisun shows Bezos' net worth grew an average of 34% over the last five years.


As of Thursday morning, Bezos' net worth was estimated at $143 billion, according to Bloomberg's Billionaires Index, whilch tracks the worth of the world's richest people daily. Compared to last year, Bezos' worth has surged by more than $28 billion.

The projection has sparked anger on Twitter, noting how many people are financially struggling during the coronavirus pandemic as Bezos rakes in billions of dollars.

"Jeff Bezos is about to become the world's first trillionaire while we're about to enter a depression," said Twitter user @Thomas_A_Moore.

Talk of Bezos' potential trillionaire status follows public protests by Amazon employees over their safety as they continue to work during the coronavirus pandemic. On May 1, workers for Amazon and other companies including Instacart held a strike protesting a lack of "adequate protection in the workplace."

Amazon said it spent more than $800 million in the first half of 2020 on safety measures including masks, hand sanitizer and additional hand-washing stations at warehouses. The company also hired 175,000 new workers to keep up with demand as millions of consumers lean on Amazon to have goods delivered while stuck at home.

Earlier this month, Tim Bray, Amazon's vice president and "Distinguished Engineer" at Amazon Web Services, announced he was leaving the company over the firing of executives who spoke out against how workers were treated in their warehouses.

This is not the first time the Amazon CEO's immense fortune has faced scrutiny. In January, Bezos revealed Amazon would donate $1 million Australian dollars – or $690,000 in U.S. dollars – to wildfire recovery efforts in Australia. However, critics blasted Bezos for not doing enough in light of his wealth.

Jefferson Graham contributed to this report. Follow Brett Molina on Twitter: @brettmolina23.

Wondering if Anti-Trusts will cause Amazon to divest and break up.

Yep. I was gonna' mention Antitrust Laws should be used to break-up Amazon.

Bezo built a better mousetrap. Let him make his bucks until he gets into affecting policy or politics.

Nobody forced the warehouse monkeys back to work. I have a suspecion he could have put them all in hazmat suits and that wouldn't have been good enough. As pointed out in many threads, why work when you can get $1000/wk to sit on your butt at home? That's $20/hr for 40 hours of work per week for 50 weeks equivalent.

How much does pulling inventory at a warehouse pay? More than $20/hr? If it does, it can't be much more.

Those people had to go back to work because their jobs opened back up. They wanted to stay at home. Don't tell me Amazon sells coronaviruses that might get loose in the warehouse from a broken package.

Isn't he already affecting policy and politics? Seems to me when he bought the Washington Post and directed how information will be presented and what stories will be published he was affecting politics.

I found this to be interesting...

A stack of a trillion one dollar bills would be 67,866 miles high.

Many wealthy people have far more money than they can possibly spend in a lifetime, or several lifetimes. It becomes a game to see how much they can accumulate with no thought as to what to do with it. The parable of the rich man that Jesus told is what happens:

Luke 12:19 'And I will say to my soul, "Soul, you have many goods laid up for many years [to come;] take your ease, eat, drink [and] be merry."’
20 "But God said to him, 'You fool! This [very] night your soul is required of you; and [now] who will own what you have prepared?’
21 "So is the man who lays up treasure for himself, and is not rich toward God."

The CIA made him.

Maybe they'll break him if he crosses them.

PS: He won't be the first trillionaire, just the first one we may know about.

I’d say that few here have a problem with the man making money.

It’s the dominating effect of Amazon and the sheer size of it.

As Hatari said, he built a better mousetrap. I well remember at the onset how he bled money for a long while before things turned and totally believed in the concept of the business.

Is he a shooter? I got some nice classics he could afford.

As near as I can tell, the US stopped enforcing antitrust laws about 30 years ago.

I am guessing they have pretty healthy trusts written that are crystal clear where the money will go. You know, kind of like The Bill and Melinda Gates Foundation.

I'm sure he is. You just don't know about it.

and would it hurt that goggle eyed prick to add 5 bucks an hour onto his employees wages?

It always amazes me how the people who used the capitalist system to amass incredible fortunes are always the ones who want to destroy that very same system.

It would take over 2700 years to go through a trillion dollars spending a million dollars per day (and that is without interest being incurred on the principle

I remember when people bitched about the amount he donated towards the Australian fires. Made me wonder how much those ungrateful asses donated.

In reality I bet that a lot of people donated. When you scale to income/worth I would be willing to bet that 75% donated more than he did. But it is his money he can do what he pleases with it.

Pretty sure Dan Halen already beat him, after he got Early Cuyler’s secret recipe for Glug.

Indy, mergers were allowed and sizes of critical Corporations were done to allow the US based Corps AND banks to remain relative and viable against competition from abroad, e.g., China.