• Revision ID 84985 REVISION
  • 2018-08-23 08:51:50
  • by Austin Mackell (talk | contribs)
  • Note: found time value being referenced.
  • Revision ID 84987 REVISION
  • 2018-08-23 08:55:29
  • by Lucas Gleba (talk | contribs)
  • Note: Fact-checked and redacted
 
   
Title Title
Fact check: Does Jeff Bezos make more in 10 seconds than median Amazon employee makes in a year? Jeff Bezos' net worth increased more than $3,000 per second on average in the first five months of 2018
Summary Summary
  Jeff Bezos' net worth rose by $40 billion from January to May 2018; on average, $30,000 every ten seconds.
Highlights Highlights
Content Content
https://mobile.twitter.com/BernieSanders/status/1032069466052538368 <strong>Jeff Bezos' received $1,681,840 as annual compensation in 2017</strong>. $81,840 of which were as base pay and 1.6 million in other forms.
  The billionaire owns 16% of Amazon. With the increase of Amazon's stock price, his net worth has risen $40 billion in first five months of 2018, an average of $30,000 every ten seconds, <strong>more than the $28,446 the median-earning Amazon worker worldwide makes in a year</strong>.
  Note that these $40 billions are not money Bezos' <em>made</em> the same way one earns a salary but were rather <strong>the increase in the price the market was willing to pay</strong> for his property. In other words, it's not money he <em>took</em> from someone else but the increase in the amount he <em>could</em> make if he sold his Amazon shares at market price.
Categories Categories
Article type Article type
Tags Tags
Author byline Author byline
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Has hero Has hero
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Featured Image URL Featured Image URL
Sources Sources
  <p><a href="https://www1.salary.com/Jeffrey-P-Bezos-Salary-Bonus-Stock-Options-for-Amazon-Com-Inc.html">&#8220;Jeffrey P. Bezos &#8211; Executive Compensation&#8221;, salary.com</a></p>
  <p><a href="http://time.com/money/5301812/jeff-bezos-net-worth-2018-amazon-worker-salary/">&#8220;Jeff Bezos Is Already $40 Billion Richer This Year—While the Typical Amazon Worker Has Made Just $12,000&#8221;, time.com</a></p>
  <p><a href="https://www.forbes.com/profile/jeff-bezos/">&#8220;Jeff Bezos &#8211; CEO and Founder, Amazon.com&#8221;, forbes.com</a></p>
  <p><a href="https://finance.yahoo.com/quote/AMZN/">&#8220;Amazon.com, Inc. (AMZN)&#8221;, finance.yahoo.com</a></p>

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