Jeff Bezos could become world’s first trillionaire by 2026

[Hamartia Antidote]

Bezos isn't at the forefront of automation in ecommerce right now. He's still keeping Amazon warehouses filled with low wage contract workers because they're cheap enough.

They have plenty of robots too

 

[FairAndUnbiased]

They have plenty of robots too

It's still not full auto. When it does, what happens to the warehouse workers?

 

[Hamartia Antidote]

It's still not full auto. When it does, what happens to the warehouse workers?

Well you can point the "socially evil" finger at Liu Qiangdong instead of Bezos.

 

[waz]

https://nypost.com/2020/05/14/jeff-bezos-could-become-worlds-first-trillionaire-by-2026/

Amid the collapsing economy due to the coronavirus pandemic, Jeff Bezos is expected to come out smelling like a rose — and reach the exalted status of the world’s first trillionaire, according to research.

The Amazon founder — whose fortune is estimated at $143 billion, up from $125 billion on April 12, according to the Bloomberg Billionaire’s Index — was trending on Twitter after recent research suggests he could achieve that feat by 2026.

The e-commerce giant’s sales topped $75 billion in the first quarter, driven by spiking demand during the pandemic that has kept people at home and depending on at-home delivery services, according to Marketwatch.

Comparisun, a small-business advice platform, said it analyzed market capitalization of the 25 highest-valued companies on the New York Stock Exchange according to Macrotrends, and the net worth of the world’s 25 richest people according to Forbes.

It then calculated the average yearly percentage growth over the last five years and applied that growth rate to come up with an idea of how that value would change in the future, according to the report.

Bezos, who owns an 11 percent stake in Amazon, has been the world’s richest person since 2017. He also is one of the world’s five richest people who hasn’t lost money this year as a result of the coronavirus pandemic, according to Esquire.

If his net worth does reach $1 trillion, he’d be worth more than the individual GDPs of 179 countries with a combined population of 3.4 billion — 43.7 percent of all humans alive, the outlet reported.

It’s also worth noting that Bezos also had to relinquish much of his wealth to his wife from a divorce proceeding last year.

All that money and such a poor taste in women.

His girlfriend is a transgender version of the Joker.

 

[FairAndUnbiased]

Well you can point the "socially evil" finger at Liu Qiangdong instead of Bezos.

But the US mentions employment all the time when thinking about automation because the US is ideologically incapable of accepting the premise of free money. Andrew Yang's UBI proposal was soundly rejected. Instead poverty relief will go towards make-work low wage guaranteed jobs.

China has no such ideological constraints in taxing the use of automation and handing out free money.

 

[FOOLS_NIGHTMARE]

If his net worth does reach $1 trillion, he’d be worth more than the individual GDPs of 179 countries with a combined population of 3.4 billion — 43.7 percent of all humans alive, the outlet reported.

I have personally met him fifteen years ago, a short but a humble guy.Never thought he would go that far in wealth.

 

[Hamartia Antidote]

All that money and such a poor taste in women.

His girlfriend is a transgender version of the Joker.

LOL! She's 50 and probably too much sun has made her face fall off

But the US mentions employment all the time when thinking about automation because the US is ideologically incapable of accepting the premise of free money. Andrew Yang's UBI proposal was soundly rejected. Instead poverty relief will go towards make-work low wage guaranteed jobs.

China has no such ideological constraints in taxing the use of automation and handing out free money.

I'm sure you are well aware of why Chinese-Americans bring their elderly parents over here...and this includes before/during/after the one child policy.

 

[tower9]

Swallowing up other companies has been going on for ages. That's why there isn't 10,000 car companies.

Except this time we are talking about automation. Which means jobs are going away.

 

[FairAndUnbiased]

I'm sure you are well aware of why Chinese-Americans bring their elderly parents over here...and this includes before/during/after the one child policy.

they are? Chinese are fleeing and paying $20k for private jets.

https://www.reuters.com/article/us-...20000-for-seats-on-private-jets-idUSKBN21C0SF

 

[KAL-EL]

I heart Amazon prime

 

[Genghis khan1]

Average Americans Makes 5 times of an average Chinese And 25 times of Indian

So we should worry about our population first

Idk about Indian or Chinese, but cost of living is much cheaper in Pakistan. Making 5 or 25 times Means nothing when your are paying 5 or 25 times for same Or similar commodities.

 

[jamal18]

The Rothschilds are the worlds only trillionaires. They have been airbrushed from the media.

 

[Clutch]

How does that help the average American? The future is very scary. As automation and AI take hold, these tech billionaires will gobble up all of the wealth and the average American worker will be out of a job.

Average American is just a consumer through government sponsored coupons... As long as the American Dollar remains the global reserve currency the Americans can print Infinity Dollars without recourse and Americans citezen do not need jobs since they are subsidised by the 3rd world sweat shops.