- cross-posted to:
- anticorporate@lemmy.giftedmc.com
- cross-posted to:
- anticorporate@lemmy.giftedmc.com
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Bezos makes ~$2,500 every SECOND. His big idea? Get a bunch of funding to heavily undercut local bookstores and operate at a loss while destroying local businesses such that he could take over as a near monopoly. And it’s highly doubtful that it was his idea, but it worked because when you’re willing to cheat against those not willing to do the same you’re gunna win.
Best part is Amazon can’t even manage to shop books without destroying them at this point.
Here’s the math since I was curious
1492 was 194,440 days ago * $5000 = $972,200,000
Forbes put bezos at $209,000,000,000 for 2025
The author of the tweet didn’t go far enough. Should have gone for for 1 million USD instead. Even if you made 1 000 000$ every day, it would still not be enough.
Absolutely insane.
shit, I was about to write that you overshot by a few zeroes, and then I looked closer and put the commas and everything, and you’re right: 194,440,000,000.
Yeah, it’s so fucking wild.
Well it says that you wouldn’t even be a billionaire. That’s right up against the limit for being a billionaire.
But yeah bezos has over 200x that money
No, Bezos has basically the same amount of money. Still absolutely wild.
nEt WoRtH iS nOT sAlaRy
I feel like compound interest would be important here
It cracks me up that compound interest gets raised every time someone makes an argument about just how much money billionaires have. As if the only reason we’re not billionaires is because we were too dumb to invest the $5,000 we’ve been making every day since Columbus sailed the ocean blue.
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That’s real nice and all but curiously, nobody ever says that.
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When did compound interest even get invented?
Not far enough back to make a difference I’d wager
Compound interest when charged by lenders
Today “compound interest” usually relates to reinvested dividends and amortized growth/appreciation of investments (e.g., stocks, bonds) simply because non-predatory loans are designed for payoff within some fixed term. So if the term “compound interest” applies, something unexpected is happening (e.g., default) and the loan will be bundled and sold at a discount to collections.
Not far enough back to make a difference I’d wager
I’ll take that wager! $5k daily, or $15283 monthly, compounding quarterly, ignoring inflation, at 10% annualized ROI:
… in 100 years becomes ~86 billion
… in 200 years becomes ~1,817,426 billion
… in 300 years becomes ~38,406,599,775 billion
… in 533 years becomes ~8.11624 x 1023If that sounds incredible to you, you’re not alone. It’s the result of a hyperbolic growth curve that starts slow but keeps accelerating indefinitely, and 533 years is a very long time in market term, so you easily reach the silly-numbers range.
DAMN YOU AND YOUR MONSTER MATHS!
even $1 at 1% compound interest gets ridiculous after a hundred years
$2.70
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100% agree with the point you’re making and 100% disagree with the math that you did to get there.
Lol you’re right! It looks like the final number I gave was only for 400 years. I didn’t actually reach 533.
Also I was rounding numbers midway through like a pen and paper physics computation. Since that error scales exponentially, even if I had gotten to 533 the final number was guaranteed to be off.
look it up and let us know, we’d like to get the math done :)
No it isn’t because it’s an imagery used to show how absurd that amount of money is. 5000 a day is easy to grasp and a few hundred years is easy to grasp.
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I’m more interested about the 5k/d. That must be excluding compound interest. Like, all the money if just being stuffed into mattresses, or something. OTOH, having your money in a bank account might have reset you to zero in 1929.
Does this account for inflation?
Can you even do that since this is before USD was a thing
Inflation makes the money you earned longer ago worth less, so it would be an even less amicable comparison.
Yeah but what if you have compound interest?
Whenever a capitalist says he got wealthy through hard labor ask him whose.
Conservative logic: Giving poor people a small amount of money will cause them not to work, whereas passing laws that benefit billionaires will cause them to create jobs.
If you made 7000 dollars every hour since Jesus was born, you would still not have as much money as Jeff Bezos.
It’s a mental illness
Maybe but there are also lots of people with mental illness who manage it and are still decent people. Not every sociopath is a serial killer but every billionaire is fucking evil. The decision to acquire great wealth at other’s expense and use it only for yourself is something else.
It makes me think of hoarders. It just happens to be the case that money is universally sought-after, and so we think “it make money, is good!” But it’s not much different from someone with stacks of ancient newspapers filling 98% of their living space. It’s not like Jeff could actually spend all of that money even if he wanted to. He has more than he could ever need to live the most lavish and privileged of lifestyles, including giving the same to several generations of his offspring. He could still go to space and do all that crazy shit with 10% of what he has in his bank account. It can’t be normal.
548 years to a billion dollars at 5k per day. Saved you a calculator.
Thank you, now try telling this to my debt collectors
Off with his head
Hahaha can’t even show up to protest. Who would build the guillotine?
bUt hE GivE TO CharITY! i BELievE HiM! gOoD wHiTE MasTEr!
taxes or the guillotine. decapitilization or decapitation.
I prefer the first option, but ultimately the outcome is what’s important.
Both
You need 548 years
Ehh I think we are forgetting about compounding interest.
that’s true, but still think about how long it would still take.
Yea, it would take a long time.
wat
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Yea, I guess we need to watch that new Netflix show about the billionaire killing serial killer to get better analogies 🤷♂️
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