• Revision ID 85018 REVISION
  • 2018-08-23 10:19:45
  • by Angela Long (talk | contribs)
  • Note: shortening headline, style, euro conversion
  • Revision ID 85020 REVISION
  • 2018-08-23 10:20:33
  • by Angela Long (talk | contribs)
  • Note: sourcing needed
 
   
Title Title
Jeff Bezos' net worth grew more than $3,000 per second on average in early 2018 Jeff Bezos' net worth grew more than $3,000 per second on average in early 2018
Summary Summary
Jeff Bezos' net worth rose by $40 billion from January to May 2018; on average, $30,000 every ten seconds.  Jeff Bezos' net worth rose by $40 billion from January to May 2018: on average, $30,000 every 10 seconds
Highlights Highlights
Content Content
<strong>Amazon chief executive Jeff Bezos received $1,681,840 (€1,455,608) as annual compensation in 2017. Of this $81,840 was base pay and $1.6 million in other forms.</strong> <strong>Amazon chief executive Jeff Bezos received $1,681,840 (€1,455,608) as annual compensation in 2017. Of this $81,840 was base pay and $1.6 million in other forms.</strong>
The billionaire owns 16 per cent of electronic commerce company <a href="https://en.wikipedia.org/wiki/Amazon_(company)">Amazon</a>. With the increase of Amazon's stock price, his net worth rose $40 billion in first five months of 2018, an average of $30,000 every 10 seconds. This is more than the $28,446 the median-earning Amazon worker worldwide makes in a year. The billionaire owns 16 per cent of electronic commerce company <a href="https://en.wikipedia.org/wiki/Amazon_(company)">Amazon</a>. With the increase of Amazon's stock price, his net worth rose $40 billion in first five months of 2018, an average of $30,000 every 10 seconds. This is more than the $28,446 the median-earning Amazon worker worldwide makes in a year.
Note that the $40 billion is not money Bezos made the same way one earns a salary but were rather the increase in the price the market was willing to pay for his company. 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. Note that the $40 billion is not money Bezos made the same way one earns a salary but were rather the increase in the price the market was willing to pay for his company. 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.
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Sources Sources
<p><a href="https://www1.salary.com/Jeffrey-P-Bezos-Salary-Bonus-Stock-Options-for-Amazon-Com-Inc.html">“Jeffrey P. Bezos – Executive Compensation”, salary.com</a></p> <p><a href="https://www1.salary.com/Jeffrey-P-Bezos-Salary-Bonus-Stock-Options-for-Amazon-Com-Inc.html">“Jeffrey P. Bezos – Executive Compensation”, salary.com</a></p>
<p><a href="http://time.com/money/5301812/jeff-bezos-net-worth-2018-amazon-worker-salary/">“Jeff Bezos Is Already $40 Billion Richer This Year—While the Typical Amazon Worker Has Made Just $12,000”, time.com</a></p> <p><a href="http://time.com/money/5301812/jeff-bezos-net-worth-2018-amazon-worker-salary/">“Jeff Bezos Is Already $40 Billion Richer This Year—While the Typical Amazon Worker Has Made Just $12,000”, time.com</a></p>
<p><a href="https://www.forbes.com/profile/jeff-bezos/">“Jeff Bezos – CEO and Founder, Amazon.com”, forbes.com</a></p> <p><a href="https://www.forbes.com/profile/jeff-bezos/">“Jeff Bezos – CEO and Founder, Amazon.com”, forbes.com</a></p>
<p><a href="https://finance.yahoo.com/quote/AMZN/">“Amazon.com, Inc. (AMZN)”, finance.yahoo.com</a></p> <p><a href="https://finance.yahoo.com/quote/AMZN/">“Amazon.com, Inc. (AMZN)”, finance.yahoo.com</a></p>

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