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Jeff Bezos--Net Worth $100BB
Old 11-25-2017, 12:26 PM   #1
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Jeff Bezos--Net Worth $100BB

You know what they say:

The first $100BB is the hardest to make
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Old 11-25-2017, 12:59 PM   #2
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Wonder what his AA/WR is ?
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Old 11-25-2017, 01:08 PM   #3
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Well, he has already sold two million shares this year, so it's over 2% WR.

He mainly needs it to fund Blue Origin, his rocket company.
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Old 11-25-2017, 01:10 PM   #4
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Wonder what his AA/WR is ?
WR? Is he retired?
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Old 11-25-2017, 02:25 PM   #5
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FI, but not RE
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Old 11-25-2017, 02:27 PM   #6
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I'll bet he is putting in 80 hour weeks. That surely will make his hourly rate a bit lower.
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Old 11-25-2017, 02:44 PM   #7
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Well, according to Eric Drexler, we may all become that rich. In his book, Radical Abundance, he discusses nanotechnology following along the same lines as information technology (it's doubling and deflation).

Ray Kurzweil talks about this too. I'm also a fan of Matt Ridley and his book "The Rational Optimist".
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Old 11-25-2017, 02:48 PM   #8
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He could probably buy a country or two.
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Old 11-25-2017, 02:51 PM   #9
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Well, according to Eric Drexler, we may all become that rich.
I don't want to be that rich. I'd have to spend my time figuring out how to handle/spend/invest all that money, and I'd have to hire people to protect me from beggers and con artists. Yikes. I wouldn't have a moment left to post silly posts on the internet.

Nope, I prefer to live out my life in reasonably comfortable, sedate obscurity like I have been doing since I retired...
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Old 11-25-2017, 04:18 PM   #10
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I do not know his % of Amazon.... but there was a financial talking head the other day who pointed out that Amazon has made less than $10B in its entire history... (I have not checked it out)...

So, how can a company be worth so much when it does not make much money?


At least he is cash flowing... as opposed to Tesla which is burning cash like a dot com.....
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Old 11-25-2017, 04:55 PM   #11
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Astounding!
He could spend 1 million a day for 100 thousand days
(or about 273 years b4 he'd go broke)
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Old 11-25-2017, 05:02 PM   #12
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I do not know his % of Amazon.... but there was a financial talking head the other day who pointed out that Amazon has made less than $10B in its entire history... (I have not checked it out)...

So, how can a company be worth so much when it does not make much money?

At least he is cash flowing... as opposed to Tesla which is burning cash like a dot com.....
I think you answered your own question with Tesla answer...
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Old 11-25-2017, 05:11 PM   #13
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I don't want to be that rich. I'd have to spend my time figuring out how to handle/spend/invest all that money, and I'd have to hire people to protect me from beggers and con artists. Yikes. I wouldn't have a moment left to post silly posts on the internet.

Nope, I prefer to live out my life in reasonably comfortable, sedate obscurity like I have been doing since I retired...
Yep. I think 'the word' is enough.

heh heh heh - I read that somewhere.
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Old 11-25-2017, 06:03 PM   #14
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Well, let's see with $100b one should not be too extravagant and use a 4% WR. So being conservative and assuming a 3% WR that's $3,000,000,000 a year. That number divided by 365 days a year -let's not get too carried away by leap years- is $8,219,178 per day and I do believe that if one were careful with expenses one could manage on that particularly after SS kicks in...
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Old 11-25-2017, 06:05 PM   #15
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Now THAT in my opinion is rich.
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Old 11-25-2017, 06:08 PM   #16
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He better wait until 70 to start drawing SS or he won't have much room in the 15% bracket for back door Roth conversions.
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Old 11-25-2017, 06:28 PM   #17
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He better wait until 70 to start drawing SS or he won't have much room in the 15% bracket for back door Roth conversions.
Good point! Perhaps we should give him some pointers on whether he should pay off his mortgage(s) early or not?
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Old 11-25-2017, 08:09 PM   #18
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I'm gonna get on his case if he comes in here talking like, "gotta blow that dough".


I wonder how much of it isn't tied up in Amazon and his rocket company, which is what he could really spend right now. I saw an interview, maybe by 60 Minutes a few years ago, in which he was driving a basic silver Honda Accord around. He may not even have been a billionaire back then, but I'm sure he was in 9 figures at least.
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Old 11-25-2017, 08:14 PM   #19
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I do not know his % of Amazon.... but there was a financial talking head the other day who pointed out that Amazon has made less than $10B in its entire history... (I have not checked it out)...

So, how can a company be worth so much when it does not make much money?


At least he is cash flowing... as opposed to Tesla which is burning cash like a dot com.....
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I think you answered your own question with Tesla answer...
Amazon's current market cap is $572B. A Web site says Bezos still retains 16.4% ownership. That works out to $93.8B. So, only 6% of his networth is outside the company. In contrast, I recall reading that at this point Bill Gates has very few shares of Microsoft. It is said that Bill would be worth $150B if he did not give so much to his charity foundation.

Speaking of earnings, AMZN sports a P/E of 301, compared to 25 for the entire S&P 500. A few companies drive up the average P/E of the entire stock market. I wonder what the "median" P/E is. Anybody knows?

Anyway, it's just another thing I am watching to see if the market is going the way of the late 90s.
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Old 11-25-2017, 11:13 PM   #20
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I think you answered your own question with Tesla answer...

Not really.... a company is worth the discounted value of earnings... if a company has no earnings and has no prospect of any it is worth nothing...

So, people are putting a huge prospect of earnings on Amazon as there is very little now... just because you can fund operations with current cash flow does not make you profitable...


IMO Tesla is much worse than Amazon, but people have it valued higher than the big domestic auto companies... does anybody believe that Tesla will be able to produce 1.9 million vehicles like Toyota? Or make $2 billion or so in profits a year like Toyota? Then why is it worth 25% of what Toyota is? And more than Ford... (which made more than $4 billion)....
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