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What on earth, he just hit $100B like a couple quarters ago. How on earth did his worth go up by 150% in less than a year? (Edit: up 50%, sorry you are right,
by marknadal 8y ago
What on earth, he just hit $100B like a couple quarters ago. How on earth did his worth go up by 150% in less than a year?
(Edit: up 50%, sorry you are right, I meant 150% of his previous net.)
- no_one_ever 8y agoWouldn't it be +50%? Doesn't seem unreasonable.
- rtkwe 8y agoThat's a pretty steep rise in a short time for any asset though.
- oh_sigh 8y agoIt went up by 50%, not 150. You do that by having most of your net worth in a high performing stock. Of course, in 3 weeks we may see an article about how bezos lost $50B in one day due to the same reason.
- non_sequitur 8y agoAmazon's share price was mid 900s in Sept 2017...1800+ today. When you own a lot of that stock...
- mikec3010 8y agoSo it's similar to the $CURRENT_FAD coin valuations in that if Bezos were to try to liquidate all of his position it certainly wouldn't net him that publicised amount because there's not that much liquidity.
- adtac 8y agoAMZN was $1,010 on 2017-Jul-17. Right now it's $1,813. That's a ~80% increase, so it's extremely plausible that his net worth went up by 50% (in fact, I'm surprised it didn't go up by more).
- ggm 8y agoIf he was $100 and went to $150 his net worth went up 50% surely? 100% is doubling....
- beaner 8y agoThere is more money in circulation and it needs somewhere to go. Investors put it in stocks. This is part of the reason the entire market has risen, amzn is just at the front of it.