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This is sensationalist. It's based on net worth, not income. But net worth of billionaires is incredibly inflated by the way we measure it. Bezos' net worth i
by danieljacksonno 6y ago
This is sensationalist.
It's based on net worth, not income. But net worth of billionaires is incredibly inflated by the way we measure it.
Bezos' net worth is based on the stock value of Amazon, and is based on taking the _highest_ price someone is willing to buy 1, _one_, share of Amazon and multiplying it by the amount of shares Bezos has.
No one is willing to pay 200 billion dollars for Bezos' shares, and saying they are worth 200 billion is simply false.
His net worth is dependent entirely on other people being willing to give him money for his Amazon shares, and that is dependent entirely on the value Amazon brings to its customers, or how willing people are to give Amazon money for Amazons services.
Now, if Bezos decided to sell all his shares for cash he could surely get billions for them, as Amazon is generating incredible value, but not 200 billion.
- ric2b 6y agoI agree with you that it's not accurate, but you're also missing the forest for the trees. Let's say no one is willing to buy all those shares for $200B, ok, but do you think he could find a buyer at $50B? Probably several. So just divide the number on the website by 4, does that really change anything?
- dethos 6y agoI think the first two statements would still stand: > This is sensationalist. > It's based on net worth, not income. But net worth of billionaires is incredibly inflated by the way we measure it. That being said, I also think that this inequality increase is a problem for the society as a whole. However I haven't heard yet about a concrete and satisfactory solution/measure to tackle it and that would be effective.