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Jeff Bezos, what are you going to do with all that money?

Jeff Bezos, what are you going to do with all that money?

(6:49) Director of the Center for Sustainable Development at Columbia University discusses Jeff Bezos' mind-bogglingly huge wealth. Big Think YT channel

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“One of the astounding facts of our time is the gusher of wealth going to the very top.” What do you mean of our time?!?!?  This has been going on since the beginning of human culture.  Queens and Kings owned all the land and wealth while the peasants worked the fields.  There is nothing different from today than there was thousands of years ago when the Pharaohs ruled Egypt.

By the way, just so you know, Jeff Bezos’ net worth is 154 billion but his wealth is locked into his 78.89 million shares of Amazon stock worth 141 billion today.  He also owns other non-cash assets that are part of his net worth calculation.  So, he doesn’t have as much liquid assets as you might think.  It’s going to be less than 10 billion using a back of envelope calculation but probably way less as in a couple million that is liquid.

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Latest comment:

“One of the astounding facts of our time is the gusher of wealth going to the very top.” What do you mean of our time?!?!?  This has been going on since the beginning of human culture.  Queens and Kings owned all the land and wealth while the peasants worked the fields.  There is nothing different from today than there was thousands of years ago when the Pharaohs ruled Egypt.

By the way, just so you know, Jeff Bezos’ net worth is 154 billion but his wealth is locked into his 78.89 million shares of Amazon stock worth 141 billion today.  He also owns other non-cash assets that are part of his net worth calculation.  So, he doesn’t have as much liquid assets as you might think.  It’s going to be less than 10 billion using a back of envelope calculation but probably way less as in a couple million that is liquid.

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