Amazon CEO Jeff Bezos Made $10 Billion Today

CNN Money reports:

Amazon stock jumped 13.5% on Friday after the company turned in another incredible earnings report — more than a quarter-billion dollars in profit in three months. CEO Jeff Bezos owned nearly 80 million shares in Amazon as of August, according to the most recent available data from FactSet. He made more than $10 billion from the one-day stock surge and is now worth well over $90 billion.

At the end of trading on Thursday, Bill Gates occupied the top spot in the Bloomberg Billionaires Index, with a net worth of $88 billion. Bezos had $83.5 billion, and his big day on Friday was more than enough to close the gap. But Gates also got a boost as Microsoft stock rose 7%. Gates owned 103 million shares as of September, according to FactSet. Microsoft stock climbed about $6 a share, so Gates added almost $600 million to his personal wealth.

  • PickyPoussin

    OT: A seasonal treat for your consideration. Some nice background music whilst you surf today’s postings. Enjoy!
    https://www.youtube.com/watch?v=GKCMN1_VR_s

    • jerry

      Though he’s branched out considerably in the last decade, he’s forever linked, in my mind, with every movie Tim Burton ever made. So it’s like he wrote all the themes for the Halloween holiday.

      • Lars Littlefield

        Totally Off Topi: Last night my live in gentleman caller insisted I watch George Michael: Freedom on Showtime with him. I’ve never been a fan, primarily because when GM became a thing I was well into my 40s. Also, I had suffered during the early 80s having to endure mindless Whamsters sporting BIG hair and drenched in Paco Rabanne. However, I did enjoy watching GM’s tight little waist and butt as shown in the clips of his early MTV videos.

        Thirty minutes into the auto-documentary I finally understood the phenomenon that was/is GM. From age 28 to the end of his life he cranked out an amazing bunch of works. I was especially impressed with his collaborations with Aretha Franklin, Stevie Wonder and Astrud Gilberto (J.Gilberto, C.A.Jobim, Stan Getz. et al were my generation’s musical gods and influences).

        Anyway, I am compelled to declare that I now understand the George Michael thing. I also apologize to those I may have previously offended — unless you are still a Whamster drenched in Paco Rabanne.

        Good documentary. If you get the chance, watch it with a friend. ๐Ÿ™‚
        https://www.youtube.com/watch?v=XGsHrgVMFns

        • jerry

          I was in college when “Wham” first became a thing. I didn’t care much for their pop songs, but they were nice to look at. https://uploads.disquscdn.com/images/eecaa299d7f63be0229d9f7e564933fa078295e7bd6f52de6faf1dbeb28a6442.jpg

          • Lars Littlefield

            When I taught college Wham was THE thing. The funniest Wham-related story at the time was about a young male college kid in a car accident on a lonely Texas highway. He was pinned under his car for 24 hours as his tape player kept playing the same Wham album over and over and over until he was finally found and rescued. He claimed the torture was unbearable.

          • jerry

            Not as bad as “Wham”, but for 2 years at WVU, I lived in a huge house–6 BR, 6 of us lived there–that was notorious for major partying. One night my brother passed out in his BR, with the door locked, and his 8-track of “The Doors” blasting and on continuous loop. Didn’t bother me–I was down the hall–but the guy in the room next to him was pissed, and I don’t thing “The Doors” was ever allowed to be played at that house again.

        • Dazzer

          When I was in college I was walking down the street with my best friend (she’s now an Emmy-winning radio producer for NPR). George Michael walked past us and she remarked; “Meh. I always preferred Andrew Ridgely.”

          It reminded me that I was gay and she definitely wasn’t.

          After college, I did work experience at a trendy London magazine and met the guy who was reputed to have taken George Michael’s virginity after a drunken night in a north London club.

          The guy never admitted it, but given his promiscuity and the strong probability that he’d slept with every man in north London, there’s every possibility that he just couldn’t remember.

        • Stephen Elliot Phillips

          One of my favorite songs by george michael. Its a cover of roxanne
          https://youtu.be/tJeaN3LuziQ

        • perversatile
    • greenmanTN

      A bit crazy-making, but Su Tissue from Suburban Lawns…

      https://m.youtube.com/watch?v=GpExU–YDnY

    • jerry

      Here’s one from his “Oingo Boingo” days, and from the cult film “Forbidden Zone”, directed by his brother Richard in 1980. Danny Elfman is the band’s conductor/the devil.

      https://www.youtube.com/watch?v=zimsUDzOiSM

      • Robincho

        And a memorable sendup of Cab Calloway!…

  • The_Wretched

    Single humans and single companies should not have such wealth. It’s insane and broken.

    • kaydenpat

      Not according to Republicans who are well on their way to cutting taxes for the mega rich once again because reasons.

    • Tawreos

      I am not sure about Bezos, but Gates has promised to give away most of his to charities. And before you ask, individual people do not count as charities, don’t ask me how I know this or what the restraining order is about.

      • JAKvirginia

        Give to charity. Get big tax rebates from government. Not all that charitable really.

        • The_Wretched

          Estate planning types will recite that 40-60% of the motivation of charitable giving is more or less altruistic. The remainder is tax planning.

        • Reality.Bites

          You are not talking about donations at the normal level, balanced against income. Gates has given 28 billion to his foundation.

          But just to check – you’re not OK if he gives it away, or if he keeps it. Basically you wanted him to run MicroSoft as a non-profit and not have the money in the first place, which is ridiculous.

      • IamSmartypants

        A good friend works at the Gates Foundation and spends a lot of time with Bill Gates’ dad who is actively involved in day-to-day operations at age 91. The Gates family has a long history of involvement and support in the community — decades before Microsoft was founded. So Gate’s commitment to giving back seems pretty genuine to me.

        Bezos, on the other hand, gives back next to nothing. Amazon corporate and Bezos’ personal giving has limited and is usually self-serving. They care as much for their community as for their warehouse workers.

        • Todd

          I work for a non-profit that has received several grants from Gates. The Foundation does do good work and employees truly do believe that they can change the world for the better. With the size of the endowment, it’s likely that they can.

          Bezos, as you said, is notorious here in Seattle for not giving back to the community. Even the “spheres” they’re building downtown are to be only for Amazon employees, instead of being a unique space for anyone in the city to enjoy.

          • IamSmartypants

            I had the same experience when running a small non-profit in Seattle. Foundation staff were very helpful and genuinely cared about helping us prepare a successful grant application, often suggesting changes to help ensure the reviewers would approve funding. They were also very firm about documenting how the project made a difference for people, so it was never about simply throwing money at a problem.

    • easygoingmister

      I truly believe hoarding is the root of all evil.

      • Lars Littlefield

        Try telling that to the chipunks and squirrels that menace our poor dog.

    • Randy Ellicott

      I see no inherent problem with persons or companies amassing as much wealth as they can, the problem is how a society deals with such people/companies. The GOP says that these people/companies should basically be left alone and taxed less because they are “job creators” or some other such easily verifiable falsehoods. They refuse to understand that these people/companies are using american infrastructure and resources at a far increased rates and should therefore pay a proportional share for their upkeep and improvement of said infrastructure and resources. In other words the more money you make the more taxes you should pay.

      • David Walker

        Why…why that’s heresy! Heresy, I say. Treasonous, even. Why do you hate Murka?

      • The_Wretched

        Huge concentrations of wealth have a disproportionate impact on society. It’s an inherent problem of the mass. Even were they paying a proportionate wealth share of the tax burden (and they aren’t; and they need to pay more since the least wealthy need their money to eat and can’t afford to pay for roads and common defense), they’d still get excessively catered to.

        For example, you want donations for your charity. 1 uber donor costs you say 10 hours of work. That same amount of donation you get on one gift might take 1000 hours of work vs smaller donors pooled giving.

        • Randy Ellicott

          Notice I didn’t say anything about concentrations of wealth, I said there is nothing inherently wrong with people or companies attaining as much wealth as they can. If our society properly handled such things and properly took care of all of its citizens there would not be such a huge gap that we see now, and the concentration of the wealth would lose a significant amount of influence because they would be far less concentrated as it spreads out over everyone. There is nothing inherently evil about money or wealth, they are just marks on the measuring stick, its humans who have the inherent ability to commit actions of great evil or great good.

          • The_Wretched

            I disagree. Vast wealth is inherently socially destabilizing. Or ok fine if we’re dealing with theorhetorical models but once you add in humanity, it’s always broken to have huge concentrations of wealth.

          • Randy Ellicott

            Yep Humans are a pain in the ass… they screw everything up.

      • IamSmartypants

        Several years ago when Congress was debating the estate tax, one of the strongest supporters for keeping it was the Gates family. Bill Sr. framed the tax as payback for the privilege of being born into a society that allows an individual to create so much personal wealth. Warren Buffet feels the same way.

        http://www.faireconomy.org/estate_tax_statement_from_bill_gates_sr

    • Snarkaholic

      I’d be okay with a company (such as Walmart) having a huge net worth (due to the fact that they own a lot of stores)…IF, AND ONLY IF…they paid their employees well.
      The stories of Walmart stores holding canned food drives to help their employees is enraging and completely unacceptable.

      • The_Wretched

        I’m not. Being the huge relative to the median means outsides pseudo-monopoly (or actual monopoly) power to boss around suppliers. You get the best consumer outcomes when the competitors are more or less the same size.

    • TrueWords

      Gates and Facebook founder Mark Zuckerberg, have topped the Chronicle of Philanthropy’s list of the top 50 philanthropists in the country, but Bezos has never even appeared on the list.

      Nor has he signed the so-called “giving pledge,” in which billionaires including Warren Buffett, Michael Bloomberg, Gates, Zuckerberg, and dozens more commit to give away half of their wealth to philanthropic or charitable causes.

      His parents, Jackie and Mike Bezos, run the Bezos Family Foundation, and while their children, including Jeff, sit on the board, the foundation is funded primarily by Jackie and Mike’s own Amazon stock.

    • penpal

      It disgusts me that cities are falling over themselves to shell out billions in tax subsidies and tax breaks to lure in this guy’s company’s HQ building.

    • Nelson Kerr

      He started a company that has earned that money, why should he not keep that money.

      • The_Wretched

        He who?

      • Goodboy

        He should but he also should have it fairly. Higher taxes and no loopholes is fair.

    • Schlukitz

      A billion here, a billion there…first thing you know, you’re talkin’ big bucks!

  • That’s more money than any one human being should be allowed to own.

    • kaydenpat

      Not according to the GOP.

  • Rex

    But can he buy happiness?

    • If I could have and own almost anything I wanted and knew I would never, ever have to worry about not having enough money for any future need…

      Yeah, I’d be pretty happy.

      • Reality.Bites

        I figure I need about $50 million for that.

        I don’t know that I’d be much happier. I pretty much have everything I want. I just want to also have it in New York, London, San Francisco and Los Angeles.

        (This doesn’t mean I have ten million now)

    • Judas Peckerwood

      No, but he can buy his way out of a lot of sadness.

    • The_Wretched

      They are a bit dated now but somewhere around $65,000 in spending per year is an inflection point. Below that, increases make people happier and after than the impact is marginal. essentially, happiness only increases to a point (maxes out). that point is having your needs met, finances in order and enough left over for adequate recreation.

      • Yeah, but put it this way: Suppose tomorrow Bezos found out he had cancer.

        With his wealth, he could buy the best care on the planet and have the best possible chances of surviving.

        For most of the rest of us, the 99% of humanity, we’re all in the position of wondering if we could even afford to save ourselves. And what comfort is provided by having health insurance which might or might not cover sufficient treatment is something Trump and the Republicans don’t think we deserve to have at all.

        • JAKvirginia

          Well, yeah. But wealth didn’t save Steve Jobs. Just sayin’…

          • Todd20036

            Jobs was a fool. He went on an all fruit diet.

            He seriously messed up his liver.

        • Todd20036

          Oh please. I taught myself how to remove tumors with the Time/Life Home Surgery series.

          All I need is a pair of pliers and a really big band aid…

        • The_Wretched

          I agree. I’m reciting the research (it exists).

      • DonnaLee

        Then the 1% has to get themselves expensive hobbies.

    • JAKvirginia

      No, but he can rent some hot affection!

      • Todd20036

        You offering?

        • JAKvirginia

          If he hits my price!

    • David Walker

      Just a reminder that $40,000 was big bucks in 1960. It still would be awfully helpful for some of us now, but…
      https://youtu.be/0zgJGXPJd3Y?t=1m

      • Lars Littlefield

        My father’s farming concern went bust in 1960. He eventually had to declare bankruptcy. He was able to buy our 280-acre farm back from the bank for $15,000 with a 30-year mortgage. Forty thousand dollars was a considerable fortune in those days.

    • Dagoril

      It could buy a lot of food and basic shelter for a lot of homeless people.

      • Reality.Bites

        Not at whole foods

  • Judas Peckerwood

    I’m so glad that the US doesn’t have an aristocracy like old broken Europe. Yup!

    • Snarkaholic

      We can’t even protest properly, like the old European peasants used to…
      …because the Nazi wannabes bought all of the tiki torches!

  • Todd Allis

    That sounds like just the usual shifting around of the stock market. Are they going to report if it goes down again?

    Sounds like “I lost two pounds since this morning!” to me.

    • Reality.Bites

      Today is a major gain in a year with major gains.

      If there is an equally large drop next week it will definitely be reported on in the most alarmist turns.

  • Rillion

    Pet peeve on the terminology (which was CNN’s and not Joe’s) but you don’t actually make any money when you just own a stock and it goes up in value. Until you take some action that locks in that value and/or allows you to realize it, do you “make” any money.

    • AmeriCanadian

      Unrealized gains are still gains, at least on a balance sheet.

    • killreligion

      And if he had to sell all 90b at once he would not get that price but normal people like us could since we don’t hold such a huge share. In reality people look at the income potential for planning. 40 to 50k per year per million

      Hubby’s and my plan is to simply calculate what gets us to zero at 85 with a reasonable return and spend that much. Hope it’s enough to have a blast for 25 years!-after that we head to sea and pull the plug.

  • AdamTh

    Watching self-made billionaires make money really has to burn Donnie to no end…

  • Butch

    Which is why I try really, really hard not to buy from Amazon.

    • Judas Peckerwood

      Haven’t bought anything from Amazon in five years or so, and have no plans to do so in the future.

  • Stephen Miller

    His warehouse workers must be so happy for him.

    • David Walker

      Why, of course. They’ve got that profit-sharing plan thingy, don’t they?

      • Todd20036

        A relatively tiny amount.

  • Paula

    Money on paper that only exist on paper. It could be gone tomorrow.

    • Rillion

      Not even paper anymore, just 0’s and 1’s inside computers.

    • Reality.Bites

      There are no assets that have any value beyond their perceived/accepted value.

      I can think of few things more worthless than gold.

  • JAKvirginia

    So… is he as rich as Donnie now?

    • Duh-David

      But without the best words.

  • bkmn

    Why can the richest country in the world not take care of its own people? Oh, that’s right, billionaires.

    • Michael R

      This is the real question .

    • JAKvirginia

      Actually, tax cuts to billionaires.

      • bkmn

        On top of billionaires who don’t pay enough taxes

        • Snarkaholic

          And who refuse to pay their employees a fair wage.
          If the company can afford to pay a CEO $17 million a year, they can afford to pay their employees enough to live comfortably.

          • bkmn

            And a good chunk of those wages would wind up increasing tax revenue so that more people could be helped.

  • WitlessProtection

    Speaking for myself, I love Amazon. Which I didn’t used to because I am an instant gratification kind of person. I enjoy walking out of a store with my wares and then taking them home and enjoying them. With Amazon, I have been forced to evaluate every purchase. While I agree with others on here that no one person should have this much money, this is all a result of his genius in predicting and shaping the future.

    • Cuberly Deux

      …also, they’ve turned into one of the few companies that’s actually innovating on the consumer tech front. Apple is stagnant, Microsoft is dabbling, Google is just getting a toe-hold.

    • David Walker

      I also like that 45 hates him.

    • killreligion

      Amazon, Uber etc some day society will add environmental impact to the value measure of these things but today the kiddies are giddy with feeling important and catered to.

      . All those trucks and all that packaging I find shameful. We wait until the list warrants and go get it all at once. As for Ubertini beyond the horrible culture, I prefer trains.

  • BJORN RAGNVALDR
  • Pizza009

    Stock value is pointless till you sell.

  • justmeeeee

    Sell, Jeff! Sell!

  • Cuberly Deux

    Meanwhile cities are falling all over themselves in a desperate attempt to court Amazon and their proposed 2nd headquarters. Last I’ve heard, Atlanta is in the lead.

  • Ernest Endevor

    Remember all those articles published in the Times and other reputable journals about how Amazon could never ever turn a profit because reasons? Good times.

  • MBear

    I find products i like searching on Amazon and then i try to find it in a store or order it directly from the company.

  • Barry William Teske

    I find this so offensive and extremely shameful.
    This is exactly what is wrong in the world today, in my opinion.
    How much personal wealth does one need to feel human?
    Or is it just the new norm to walk all over anyone or anything else because of such a standing?

    • AmeriCanadian

      After a certain point, does it really matter? I mean what is $600 million to Gates? They will NEVER be able to spend all that money in their lifetime. They can’t take it with them. And leaving all of it to their heirs virtually ruins their heirs.

      • Todd

        There was a web site someone put together a few years ago (now defunct I believe) where you had a billion dollars to spend. You could go virtual shopping and it was amazing that after buying five $20 million houses, two $100 yachts, jewels, art, etc, there was still hundreds of millions of dollars left. Someone with $90 billion at his disposal can never spend that on himself.

      • David Walker

        Any examples come to mind?

        • AmeriCanadian

          Examples of heirs “ruined”? The Walton family and Ford family come immediately to mind. Never happy. Always fighting. I personally know a family or two where only a few million were at play and none of the family members speak to each other. It’s sad to see what inherited money does. Ask anyone what it’s like at the reading of the will of someone that had any decent amount of money.

          • David Walker

            I was thinking about the “family” currently at 1600 Pennsylvania Avenue, but your examples also make a good point.

          • I am only personally acquainted with one person with inherited wealth. He is 4th generation from when it was earned. Hasn’t had a real job in 40 some years…constantly complains about how little money he has…I mean it’s tragic. He’s down to his last 15 million. He is one of the saddest people I know.

        • Brian Burleson

          Hilton, Paris. Kennedy, most of the third generation on down. Others..

      • Reality.Bites

        Gates plans to give most of it away during his lifetime and has encouraged other multibillionaires to join him – I think Warren Buffett is in.

  • GanymedeRenard

    I’m not really sure how to feel about my contribution to the wealth of this man – at least it consoles me that his wealth may enrage faux billionaires such as the moronic POTUS.

    However, I feel compelled to confess I’ve been binge watching Versailles, an epoch show that I downstream from Amazon (though I understand it’s also available through Netflix.) Third season now.

    If you liked The Tudors, The Borgias, or The Crown, this is your show! It centers around the life of Louis XIV of France, his court at Versailles, its many plots and palatial intrigues, etc. It’s obviously well researched and historically accurate. Certainly, the show takes some licenses, but then again it’s not a documentary.

    The acting is flawless, the actors are gorgeous, the entourage is gold – literally, – the dialogs are exquisite… And, last but not least, there’s an important gay storyline! It’s about the Duke of Orleans, the King’s brother, who is openly gay (or bi, that’s debatable), likes to dress in typically female attire, and his lover – the Chevalier de Loraine lives with him in Versailles. This is a historic fact.

    The only objectionable thing is the series’ opening theme – it’s hideous IMO, but hey, that’s nothing compared to the show’s virtues.

    A true gem. I recommend it with pleasure:

    https://www.youtube.com/watch?v=YaO7–18YCI&list=PLly1FfSmD3K71fLUcARQTqNW3yqx-W2xq

  • JWC

    whoopee

    • Dazzer

      LOL!
      My feelings exactly.

    • TampaDink

      Agreed.

      • JWC

        Its friday any news on real estate

        • Todd
          • AmeriCanadian

            Beautiful view. Do they both cook? I see the cooktop is accessible from either side of the counter and there are two sinks, one on each side. Very cool idea for those of us that share meal preparation duties.

          • Todd

            Good eye; I hadn’t noticed that. It appears that the controls are on only one side of the stove, so whoever is cooking on the outside of the island had better get along with the person in control!

          • Snarkaholic

            Ellen said that she’s not much of a cook, so I’m guessing that Portia (or their private chef) does most of it.

          • Treant

            So much for those rumors that they were getting divorced.

          • TampaDink

            We’re hoping to find something a bit more modest…something closer to the size of the Degeneres/
            de Rossi’s new guest cottage…and with an selling price that is probably less than the stove in that amazing kitchen sells for.

          • Snarkaholic
          • Dazzer

            With all that white on the walls and furnishings, yo can tell that they don’t have cats or dogs and don’t plan on having any kids.

          • Todd

            The house was owned by a bank when Ellen and Portia bought it, so the decor is purely staging for the real estate photos. I’m sure the couple will put their own unique stamp on the place as they’ve done with all of their houses.

        • TampaDink

          Our buyer has slightly less than 3 hours left to back out (again). If he doesn’t, we’ll probably go up to Tally on Sunday to do some serious house hunting. The 8 listings that we were leaning towards as of Monday are now down to 5 since 3 have pending offers. (fingers crossed!)

          • JWC

            Very good .. Keep me posted

          • TampaDink

            Will do! Only 2 hours & 13 minutes left in our waiting period. (not as though we are anxiously watching the clock!)

          • JWC

            so move to square 2 or back to square 1

          • Ragnar Lothbrok

            It’s been 3 hours.

            What happened ?!?!

          • Good luck!

  • MikeBx2

    I fondly remember the Amazon of the 60’s and 70’s when I was growing up. It was called Sears Wish Book. ๐Ÿ™‚

  • Todd

    It would take a person making the U.S. median income just under 177,000 years, and a person making the U.S. minimum wage almost 633,000 years, to earn what Jeff has accumulated in wealth in one day, I don’t know why people say there’s a huge wealth gap in this country…

  • Jeffrey

    There are a lot of asshole billionaires you could be knocking. Bezos isn’t one of them.

    • Tempus Fuggit

      Billionnaires by definitionโ€ฆ

  • Boreal
  • JWC

    Just sayin Jeff Bozos is rich enuff and ugly enuff could he be the neck big contender in the pussy grabbers anonymous

    • AmeriCanadian

      Personally, I don’t find him unattractive. And that’s not my inner gold digger speaking either! ๐Ÿ˜‰

      • JWC

        to each his own I suppose

        • AmeriCanadian

          I know but I just like the look of a confident bald man.

          • JWC

            thats kewl hair or no hair meh

  • worstcultever
  • madknits

    Wow. i found a five dollar bill on the sidewalk yesterday and thought I was in the chips.

    • Snarkaholic

      I found a ten two weeks ago and thought the same thing.
      I ended up giving it to a co-worker, who was taking up a collection to help her boyfriend (who was stabbed).

      • madknits

        How kind of you. I’m going to probably use mine for bus fare.

        • Snarkaholic

          There’s nothing wrong with that.
          I once found $55 on the sidewalk and spent it all on myself.

          • jerry

            When I was in New Orleans for Decadence, I was searching through the pockets of my suitcase for something and found $300 in a pocket, evidently left over from my NYC trip in June. Doing laundry once I got home, I found a couple $20’s in the dryer. I guess those drunken vacations aren’t good lessons on money management.

          • Dazzer

            But you probably had more unexpected pleasure in finding the money than you ever would have from spending it.

          • jerry

            It’s always nice to find money you didn’t realize you had. But I did take a lot of pleasure with my spending in New Orleans…

          • madknits

            You bring that money to the Big Easy Sisters’ booth next year, and buy some damn Cute As Fuck Nun Magnets! ๐Ÿ˜‰ https://uploads.disquscdn.com/images/80251d8c418c377781968e164863266f949927d29effc3d3c9ca1a02d71bffa4.jpg

          • jerry

            Will do…I also didn’t mention that the night before I flew to NO, a Monday night, I went out and won over $2000 on local video slots. So that trip really didn’t end up costing much.

          • madknits

            You are so going to donate to the Big Easy Sisters!
            ๐Ÿ˜‰

          • jerry

            Yes, I can do that. Hell, the 1st night in NO I gave away around $200 to the homeless, as well as another $500 to Harrah’s. (After winning, I should have known better than to immediately go gambling again).

          • madknits

            You can always go to the contact page on our website,
            http://www.thebigeasysisters.org
            !!!

          • jerry

            Do the sisters get the proceeds from the campsnash.com website?

          • madknits

            Yes. The person who runs it is Sister Diarhee En Franck, and she donates 10% or 15% to the House.

  • Henry Auvil

    No wonder Trump hates him. He’s a real billionaire who knows how to make money.

  • Chris Gardner

    Bless his heart. Just $10,000,000,000? Hope those Republican tax cuts come through quickly for him.

  • shrpblnd

    Better not look too deep at that earnings report. They are getting squeezed on margins, and the cost of fulfillment is up 32%.

  • fiizok

    I will say this in favor of Bezos: he revitalized the Washington Post after he bought it four years ago, and that newspaper continues to do outstanding reporting on every bad move made by the Trump regime.

  • TrueWords

    The Amazon boss is one of the wealthiest men in the world, but heโ€™s still looking for ways to do good with his money.

    He could start by improving the lives of his workers

    • Halou

      Having been a worker at Amazon I cannot say ‘yes’ to this enough. It is as close to slave labour as you’re going to get without re-instituting slavery, yet still the company is looking for “cost saving measures”, up to and including replacing workers with robots.

  • Hank
  • TheManicMechanic

    Let’s see what he does with his money. Will he be like Bill Gates and give to many charities, or like Steve Jobs, who couldn’t come up with a device to allow him to take it all with him.

  • houstonray

    And I was excited that I found a two quarters and a dime beside my car today at lunch…sigh.

  • fuzzybits

    Can. Not. Relate.

  • SDG

    And as the rest of the 99.9999999999% get along with ever decreasing buying power….

  • Jay Silversmith

    What’s his tax on $10 billion in one day….hmmmm?

  • Mike Putnik

    It is sickening to see this , in a world full of hungry sick and homeless for one human to have so much .