/biz/ - Business & Finance

>>16067000
is this man retarded?

>>16067000
So I guess he just magically received a billion dollars

>>16067010
Ikr! That actual made me chuckle but desu it makes me see how retarded today's society is.

>>16067010
yes, thats a n i g g e r

>>16067010
2019-1492x365x5000=961,775,000

Less than a billion.

>>16067010
he should have said no one gets rich trading their labour for a pay rate

>>16067000
God I hate socialists.

>>16067000

It fucking amazes me that there are so many people out there who seriously believe there's billions of dollars flowing into Jeff Bezos' bank account every week. There's such naivety over what wealth consists of when it comes to these CEOs.

And the point is ?

>>16067000
there's so much wrong with this post i dont know where to begin. for one thing, there were no "dollars" in columbus' time, so i have to assume we're using some kind of conversion but considering how much value the dollar has lost over the years, $5k per day back then would be like $500k per day adjusted for inflation so, yes - you would be a goddamn billionaire

>>16067000
You would actually have $928b, giving you a network of twice the richest person to ever exist (mansa musa, converted to usd and adjusted for inflation), but I agree with the sentiment.

ITT: Mental gymnastics Olympics

>>16067000
>Columbus discovered America in 1492
>2019 - 1492 = 527
>527 x 5000 = $2,630,000.
Not even close to 1% of a billion, $10,000,000.
>>16067033
>>16067032
>>16067010
Explain your positions, brainiacs.

>>16067094
Wait my b. Yeah this checks out.

>>16067000
>omg people shouldn't be billionaires, look how much jeff bezos owns he's so selfish
>no mention how many people Jeff Bezos has employed
>no mention of charities Jeff Bezos contributes towards
>no mention of Jeff not giving a fuck about his ex-wife taking half his stack.

These retarded liberals are retarded. People like Jeff Bezos is why America is the greatest country in the world and all these dumb niggers do is complain about his networth but REFUSE or unirionically maybe just too stupid to see how much he contributes to society unlike the fucking monkeys that tweet retarded shit like this. If America did have people like Bezos and we listened to retards like in pic related, we'd be no different than venezuela or china lol. fucking dumb cunts

>>16067115
FUCK, forgot
>x365

>>16067121
>If America didn't have people like Bezos
typo

>>16067056
As a society where large portions of the population range from 80-100 iq, its will never be possible to have meaningful discussions on these issues (asset worth vs income, etc).
The internet was never supposed to be "for everyone", they ran broadband to the inner cities to drown out the 120+ iq set.

>>16067115
>527 x 5000 = $2,630,000.
that's 5k per year not 5k per day you brainlet

>>16067115
um your math is off

>>16067121
>wanting to contribute to society

cringe

>>16067056
well tell me smarty pants...where is their money? you'll probably tell me some voodoo like 'its in off-shore trusts, stock options, annuities, bonds, corporate holdings and equity' or some nonsense like that...WE ALL KNOW HE HAS A BILLION CASH IN HIS BASEMENT SAFE

>>16067164
better than being forced to contribute like china lmao thats the point im trying to make

>>16067010
>>16067032
>>16067033
>>16067046
>>16067051
>>16067056
>>16067090
wakey wakey

>>16067085
it seems to me as though the point is that returns on capital grossly exceed returns on labor, despite all capital being a byproduct of said labor.

the irony of all the ree'ing, temporarily inconvenienced millionaires itt is not lost on me. dw though guys 1K EOY guaranteed and after that your real lives can finally begin.

I love these threads. You really can see who hasn’t a fucking clue about basic maths. But yeab buy RSR. Do the needful

1925 dollar pegged at $20.75/ounce.
median salary ~$3000 (pic related)
3000/20 = 150 ounces ($186,000 in 2016) ($225,000 today ($1500/ounce))

2016 dollar between $1130 and $1350 / ounce.
median salary $31,099 (https://en.wikipedia.org/wiki/Personal_income_in_the_United_States))
31000/1240 = 25 ounces ($518.75 in 1925)

>when the 2016 median wage is the 1st percentile 1925 wage
>dude just wageslave for 50 years lmao

it does not matter whether your society can harvest the energy output of galaxies or has just invented the steam engine; you cannot accumulate wealth when you define value relative to increases in the collective economic output.

>>16067022
>>16067032
>>16067056
>>16067090
The point is this >16067048 the myth of making it through "hard work" is just that- a myth. You guys are reading into it too much, just focus on the math and the magnitude of ~$400b, whether it's liquid capital or not is secondary to the point he is trying to make. I don't know what a bunch of broke loser NEETs who spend their time on a kazakhstani glass blowing forum would argue against this.

>>16067115
Compound interest, illiquid assets

>>16067056
my understanding is that his net worth is largely tied up in amazon stock

>>16067010
do you even inflation bro

>>16067188
I was frugal and invested all my money. Retired at 30.

>>16067121
Debased and bluepilled. How does that leather taste you fucking bootlicker?

This thread proves how fucking retarded biz is and almost none of you slave mentality fucks will make it.

>>16067239
you're just pissed that you didnt make it. i remember when amazon first came out i was like "buying stuff from the internet? pfft fuck that! sounds like a scam"

>>16067321
i'll take solace in the fact that you will never make it either

>>16067264

Bezos' wealth is pretty simple. He owns about 60 million shares of the company he founded. Each share is worth $1770 USD because that's what the market (consisting of funds and ordinary people like you and me) is currently willing to pay for each share.

60m x 1770 = $106 billion.

If he gets richer, it's only because he's helped Amazon to perform better, which in turn causes people to pay more for Amazon stock, which in turn makes his total net worth technically larger. And on the flip side, if Amazon collapsed and the market decided the Amazon stock value should be $0, that $106 billion would go to zero as well.

In practice too, he couldn't even sell all the stock he owns at that price. The huge sell pressure it would cause, combined with the market panic of the founder selling all his stock, would cause a mass sell-off meaning that he'd be lucky to sell all 60m shares for even a fraction of $1770 each. It's a theoretical net worth, the majority of which he can't really do anything with without shrinking it dramatically.

But of course, the stupid theory will continue that Bezos and other super-rich are siphoning money from the poor and storing it in a big Scrooge McDuck money vault.

>>16067000
>what is compound interest?
Idiot

>>16067115
>2019 - 1492 = 526
>365 x 526 = 191,990
>191,990 x 5000 = 959,950,000

Missed it by that much

Earn money
Get idea to make money
Idea needs money and work
Work in that idea
Put in your money
It makes more money
Use said money to make others put in the work.
Scale x1,000,000,000

Congrats now you're rich.

>>16067046
That's like -272 million in debt

fugin like billion dollas n shiet
weed and that ass
titty, money. nigga
Bitch hoe...money cadilacs
fucking niggas n like

>>16067000

You would be the world's richest man if you invested 50% of your income in something that earns even 5% per year. This guy's logic is pretty flawed.

Jeff Bezos was already a stock wageslave before taking an idea and running with it on nothing but a chance. Also boohoo I'd have a 54 mil lifetime earnings if I worked for 30 years not counting investment opportunities and my 401k that I capped off ASAP

>>16067000
>losers posting things on twitter
yawn

.99 is technically less than 1
but don't let me stop socialists from attacking their leader who spoonfeeds them their opinions