9 ms·
> I wonder how many people could be elevated to comfortable middle class status with all the money hoarded so Jeff Bezos can have over 20 different extravagant
by Merrill 7y ago
> I wonder how many people could be elevated to comfortable middle class status with all the money hoarded so Jeff Bezos can have over 20 different extravagant homes?
Jeff is worth $112 Billion. Amazons total assets are $162.6 B, and it has 645,000 employees.
So if you create Amazon equivalent jobs, you could presumably create 645,000 * (112/162) = 446,000 jobs with Bezos fortune.
However, Amazon jobs with $174,000 assets/job may not be what you consider middle class. If you are talking about manufacturing jobs Ford, for example has $256 B assets and 200,000 jobs or $1,280,000 in assets/job.
So good manufacturing jobs would be more like $112 B/ 1.28 M = 87,500 jobs.
- SpicyLemonZest 7y agoYou're double counting here. Almost all of Bezos's net worth is Amazon stock.
- Merrill 7y agoI'm assuming that Bezos sells his stock to some private equity firms, investment bankers, etc., for cash, and that he then uses the cash to build another company with the same ratio of assets to employees. Or, more improbably, that the government seizes control of his stock, sells it to the public, and then uses the $112 B to create new jobs with the same asset per job ratio as Amazon or Ford. Of course, in this case, the $112 B would be frittered away on administrative expense, graft, corruption, etc. and no actual long-term employment would be created.
- SpicyLemonZest 7y agoIf private equity firms and investment bankers have some cash, and we think that cash would be put to better use building a company, what does that have to do with Bezos?