Is Jeff Bezo's Really the richest man in the world

magic_murph

Do yo think Jeff B or Elon Musk are really the richest men on earth?
Give or take they have a worth of roughly 200billion.

Do you think some mysterious person out there has more wealth and if so how much more ?

Tefral

My guess is Putin has more hiding under the mattress than those lads.

ianob7

Think I've heard a few times that some of the lads in the middle East can't quantify their own wealth ... Dunno how true that it is but wouldn't be shocked if it was correct

completedit

I don't think so but at same time no reason they aren't.

Measuring wealth at that level must be a difficult task, the Putin example is often used but I've read its not as simple as that. The oligarchs have to stay on his side but so too does Putin need to stay on theirs.

howamidifferent

I'd imagine it's Satoshi Nakamoto...

B.A._Baracus

magic_murph wrote: »

Do yo think Jeff B or Elon Musk are really the richest men on earth?
Give or take they have a worth of roughly 200billion.

Do you think some mysterious person out there has more wealth and if so how much more ?

Officially they are.
Unofficially there's probably some druglord (or whoever) who has more.

murpho999

Never heard of Jeff Bezo's? Is he Irish?

Ish66

murpho999 wrote: »

Never heard of Jeff Bezo's? Is he Irish?

Yes, Drumshambo Co Leitrim.

murpho999

Ish66 wrote: »

Yes, Drumshambo Co Leitrim.

Yes, maybe he was double-barreelled. Bezos -O'Shea and shortened it.

Motivator

ianob7 wrote: »

Think I've heard a few times that some of the lads in the middle East can't quantify their own wealth ... Dunno how true that it is but wouldn't be shocked if it was correct

It’s impossible to quantify any wealth at that level. Their shares and cash reserves are taken into account to get the “net worth” figures we see reported but what’s not reported is the background investments these guys have. They’re involved in literally everything from small start ups to stock holdings in blue chip companies.

I know one Irish guy who’s worth about €200m but that’s just the value of the shares and stake he has in his own company. He’s also on the board of approx 300 other companies in some way shape or form so put that into context and it will tell you what he is really worth. It’s actually mind boggling.

neris

ianob7 wrote: »

Think I've heard a few times that some of the lads in the middle East can't quantify their own wealth ... Dunno how true that it is but wouldn't be shocked if it was correct

Im sure it can be handy to have a sovereign wealth fund at your disposal where the lines are blurred over who actually owns things and no one to tell you cant take a few hundred million here and there.

It's not real wealth though, is it?

It's based on stock speculation value, not actual money that you could take to the shop. If a scandal came tomorrow they could be effectively broke. Whereas if a sheik has a scandal he still has his billions.

titan18

The thing with likes of Bezos or Musk is that's their net worth, if they tried to sell all their shares, i'm not sure they actually could, and if they did, the company would probably bottom out if investors saw the biggest shareholders mass selling stock.

No one really knows how much likes of Putin, Sheikhs or some of the Chinese guys actually have then so they could easily dwarf Bezos or Musk.

MrMusician18

Is he the richest man in the world of you count the invaluable love of family?

Yeah, he still is.

murpho999

Deleted User wrote: »

It's not real wealth though, is it?

It's based on stock speculation value, not actual money that you could take to the shop. If a scandal came tomorrow they could be effectively broke. Whereas if a sheik has a scandal he still has his billions.

No the wealth is quite real.

Yes they have a lot of stock options but they have to sell them within a timeframe (Usually from 5 years from granting).

Link here shows Jeff Bezos sold a $5-6 billions worth of shares in the last year.

So he'll never go broke.

murpho999

titan18 wrote: »

The thing with likes of Bezos or Musk is that's their net worth, if they tried to sell all their shares, i'm not sure they actually could, and if they did, the company would probably bottom out if investors saw the biggest shareholders mass selling stock.

No one really knows how much likes of Putin, Sheikhs or some of the Chinese guys actually have then so they could easily dwarf Bezos or Musk.

No you've got that all wrong.

They have stock options that they have to sell over a certain time and they do so in tranches.

Brussels Sprout

howamidifferent wrote: »

I'd imagine it's Satoshi Nakamoto...

Even if he is still alive, at the current price of BTC, his holdings are worth around $50 Billion. Elite level wealthy but not enough to crack the current top 10:

Top 10 Richest People - Jan 2021

Tefral

Tefral wrote: »

My guess is Putin has more hiding under the mattress than those lads.

Well if breitbart says it.

These guys don’t have that money as disposable wealth. It’s quite likely the recent winner of the euro millions has a higher purchasing power.

murpho999

murpho999 wrote: »

No you've got that all wrong.

They have stock options that they have to sell over a certain time and they do so in tranches.

It is not all at once. That’s the point. Generally it’s reported when they make a sale.

murpho999

Deleted User wrote: »

It all at once. That’s the point. Generally it’s reported when they make a sale.

No it's not all it once.

I've already provided a link to Jeff Bezo's options sales in the last year for over $5b.

Here is the link again.

murpho999

murpho999 wrote: »

No it's not all it once.

I've already provided a link to Jeff Bezo's options sales in the last year for over $5b.

Here is the link again.

What are you contradicting in my statement there?

murpho999

Deleted User wrote: »

What are you contradicting in my statement there?

I read that you're saying they don't sell shares and if they do then they must do so in one go. That's what I'm reading from your post.

Gregor Samsa

murpho999 wrote: »

I read that you're saying they don't sell shares and if they do then they must do so in one go. That's what I'm reading from your post.

What I took from the post, and what appears to be the case, is that much of Bezo's net worth is based on his ownership of just over 11% of Amazon, and the calculation of his net worth is (in part) done on multiplying the number of the shares he has by the current price of the shares.

However, if he were to attempt to sell all those shares in one go today, it's unlikely that he'd get the market price for them - in fact, it's highly likely that this action would crash the share price of Amazon, thus significantly reducing his net worth.

He can certainly sell some shares (and does), but a large proportion of his overall net worth is based to the the fact that he isn't selling most of them - and therefore the mere action of cashing in his net worth would reduce his net worth.

Richness is in the heart.

BrokenArrows

Those lists of he worlds richest people are only for those who declare their wealth publicly.

In reality their wealth is dwarfed families who have always been rich and just sit in the background accumulating more wealth.

Families like the Rothschilds have a net worth estimated at 300billion+. Its understandable that that wealth is shared among many but its a legacy thats been going for hundreds of years and in reality we dont actually know how much money they currently have.
If someone on the outside estimates 300 billion then its likely a lot more.

It really depends how you quantify "richer". For example, take Me VS Bezos as an example.


Does Jeff have more wealth than me. As in actual money? Yes. There is no doubt that he does. However, consider the following before coming to a conclusion: Does he also have a happier life? Access to more enjoyable experiences? Better material things? A nicer house? A greater social life? Less worries and stress in his life? Is he actually happier than me?


So the real conclusion, at the end of the day when you take all aspects of life into consideration, and not just wealth, is that yes, he is indeed richer than me.

The richest where wealth is publicly available. So no, I doubt he is.

BrokenArrows

Deleted User wrote: »

It really depends how you quantify "richer". For example, take Me VS Bezos as an example.


Does Jeff have more wealth than me. As in actual money? Yes. There is no doubt that he does. However, consider the following before coming to a conclusion: Does he also have a happier life? Access to more enjoyable experiences? Better material things? A nicer house? A greater social life? Less worries and stress in his life? Is he actually happier than me?


So the real conclusion, at the end of the day when you take all aspects of life into consideration, and not just wealth, is that yes, he is indeed richer than me.

Muahahaha

titan18 wrote: »

The thing with likes of Bezos or Musk is that's their net worth, if they tried to sell all their shares, i'm not sure they actually could, and if they did, the company would probably bottom out if investors saw the biggest shareholders mass selling stock.

No one really knows how much likes of Putin, Sheikhs or some of the Chinese guys actually have then so they could easily dwarf Bezos or Musk.

No one knows Putins true wealth but a former hedge fund manager in Russua gave evidence to the US Senate that he estimates Putins wealth is somewhere in the order of $200bn. His official salary as President is $133,000 per year.

This is from 2017-

For a short time Thursday, Amazon founder Jeff Bezos surpassed Microsoft co-founder Bill Gates as the richest person alive. Amazon’s stock price then slid, and Bezos went back to the No. 2 spot, according to Forbes’ real-time ranking.
But as the Seattle entrepreneurs jockey for the top ranking, Russian President Vladimir Putin is worth more than both Gates and Bezos combined, says one financier.

Putin’s net worth is estimated to be $200 billion, according to former Hermitage Capital Management CEO Bill Browder, who testified to the Senate Judiciary Committee last week, according to prepared remarks obtained by The Atlantic. Currently, Gates is worth almost $90 billion and Bezos is worth almost $85 billion.

“I estimate that [Putin] has accumulated $200 billion of ill-gotten gains,” Browder tells Congress, according to The Atlantic. “He keeps his money in the West and all of his money in the West is potentially exposed to asset freezes and confiscation.”

Browder says Putin’s wealth is a result of nefarious practices. “There are approximately 10,000 officials in Russia working for Putin who are given instructions to kill, torture, kidnap, extort money from people and seize their property,” continues Browder.

Browder founded and lead Hermitage Capital Management, which from 1996 through 2005 was an investment advisory company in Russia and had as much as $4 billion invested in Russian stocks. In 2005, the financier entrepreneur was labeled a “threat to national security” there and banned from the country. After he was forced out, Russian officials seized Hermitage Capital Management’s investment funds and, according to Browder, Putin’s officials stole $230 million Hermitage Capital Management had paid in taxes to the Russian state.

https://www.cnbc.com/2017/07/31/financier-bill-browder-says-vladimir-putin-is-worth-200-billion.html

All those billionaire Russian oligarchs have to keep Putin happy in order for him to allow them to operate with the protection of the Russian state, if they dont then he'll throw them in prison (as he did to the billionaire Michail Khordorkovsky). Putin might only be shaking them down for 10% or 15% of their turnover but when you're doing that to several billionaires for the last 20 years your own billions quickly stack up.

murpho999

Gregor Samsa wrote: »

What I took from the post, and what appears to be the case, is that much of Bezo's net worth is based on his ownership of just over 11% of Amazon, and the calculation of his net worth is (in part) done on multiplying the number of the shares he has by the current price of the shares.

However, if he were to attempt to sell all those shares in one go today, it's unlikely that he'd get the market price for them - in fact, it's highly likely that this action would crash the share price of Amazon, thus significantly reducing his net worth.

He can certainly sell some shares (and does), but a large proportion of his overall net worth is based to the the fact that he isn't selling most of them - and therefore the mere action of cashing in his net worth would reduce his net worth.

Yes I know a lot of his wealth is paper wealth but last year alone he sold US$9bn worth of shares link and I'm saying this to say it's not true that they do not or are not allowed to sell their shares.

the purple tin

Bezos' wealth has skyrocketed due to coronavirus. the longer it goes on the richer he will get. A a lot of bricks and mortar shops have gone under and Bezos hoovers up all their old customers.

Richard Hillman

It's hard to quantify the true wealth of some people. If the King of Saudi Arabia wants to pay 500bn for the Mona Lisa and hang it up in his toilet, there ain't going to be much opposition within the state. If he fancies investing in a company or buying it outright, he can do what he wants.

Capt'n Midnight

Deleted User wrote: »

It's not real wealth though, is it?

It's based on stock speculation value, not actual money that you could take to the shop. If a scandal came tomorrow they could be effectively broke. Whereas if a sheik has a scandal he still has his billions.

Not this BS again. They can get a loan on the QT anytime using the shares as collateral.

If you can offshore money properly you might not even have to payback a loan if the market collapses.

murpho999

the purple tin wrote: »

Bezos' wealth has skyrocketed due to coronavirus. the longer it goes on the richer he will get. A a lot of bricks and mortar shops have gone under and Bezos hoovers up all their old customers.

Why blame Bezos for this?

It's technology. If Amazon didn't do it and somebody else will.

Also what about customers, there' the ones making the change and traditional shops have been inefficient and ripping us off for years.

Detour.

Gadaffi was reputedly worth 150bn when he passed

Would have made him WRM at the time

Capt'n Midnight

Capt'n Midnight wrote: »

Not this BS again. They can get a loan on the QT anytime using the shares as collateral.

If you can offshore money properly you might not even have to payback a loan if the market collapses.

BS? Really? Because they might borrow money and not pay it back? That's some idiotic defining of wealth, how much you can borrow and not repay.

Mad_maxx

BrokenArrows wrote: »

Those lists of he worlds richest people are only for those who declare their wealth publicly.

In reality their wealth is dwarfed families who have always been rich and just sit in the background accumulating more wealth.

Families like the Rothschilds have a net worth estimated at 300billion+. Its understandable that that wealth is shared among many but its a legacy thats been going for hundreds of years and in reality we dont actually know how much money they currently have.
If someone on the outside estimates 300 billion then its likely a lot more.

Allowing for inflation, JD Rockafeller is the wealthiest man in history

magic_murph

Mad_maxx wrote: »

Allowing for inflation, JD Rockafeller is the wealthiest man in history

Does he own the sports clothing chain?

For Forks Sake

Mad_maxx wrote: »

Allowing for inflation, JD Rockafeller is the wealthiest man in history

https://www.youtube.com/watch?v=Um9rzGPE3Ug

Oink

I wonder who would be able to get their hands on the largest amount of their very own money within a single business day.
And how much would that be.
Could any of them make a 1bn payment (own money) by c.o.b?

Rockefellers and rotschilds own it all

Larbre34

Oink wrote: »

I wonder who would be able to get their hands on the largest amount of their very own money within a single business day.
And how much would that be.
Could any of them make a 1bn payment (own money) by c.o.b?

Quite a few Arabs would I'm certain. Owning the banks would help in moving along the transaction no doubt.

murpho999

murpho999 wrote: »

I read that you're saying they don't sell shares and if they do then they must do so in one go. That's what I'm reading from your post.

You are right. I’m surprised how much Bezos has sold. Thanks for the info.

Princess Consuela Bananahammock

murpho999 wrote: »

Never heard of Jeff Bezo's? Is he Irish?

Jeff Bezeau. He's French.