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Jeff Bezos could become world's first trillionaire, and many people aren't happy about it

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www.usatoday.com

Jeff Bezos could become world's first trillionaire, and many people aren't happy about it

A company projected Amazon's Jeff Bezos could become the world's first trillionaire, sparking critical responses to the entrepreneur and his wealth.
www.usatoday.com


Jeff Bezos could become world's first trillionaire, and many people aren't happy about it

BRETT MOLINA | USA TODAY

Updated 8 hours ago

We already have trillion dollar companies. How soon before we have our first trillionaire?

According to Comparisun, a company which allows small- to medium-sized firms to compare different business products, the world's first trillionaire will likely be Amazon founder and CEO Jeff Bezos.

Their projection shows Bezos reaching trillionaire status by 2026. The company said their projection is based on taking the average percentage of yearly growth over the past five years and applying it to future years.

Comparisun shows Bezos' net worth grew an average of 34% over the last five years.

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As of Thursday morning, Bezos' net worth was estimated at $143 billion, according to Bloomberg's Billionaires Index, whilch tracks the worth of the world's richest people daily. Compared to last year, Bezos' worth has surged by more than $28 billion.

The projection has sparked anger on Twitter, noting how many people are financially struggling during the coronavirus pandemic as Bezos rakes in billions of dollars.

"Jeff Bezos is about to become the world's first trillionaire while we're about to enter a depression," said Twitter user @Thomas_A_Moore.











Talk of Bezos' potential trillionaire status follows public protests by Amazon employees over their safety as they continue to work during the coronavirus pandemic. On May 1, workers for Amazon and other companies including Instacart held a strike protesting a lack of "adequate protection in the workplace."

Amazon said it spent more than $800 million in the first half of 2020 on safety measures including masks, hand sanitizer and additional hand-washing stations at warehouses. The company also hired 175,000 new workers to keep up with demand as millions of consumers lean on Amazon to have goods delivered while stuck at home.

Earlier this month, Tim Bray, Amazon's vice president and "Distinguished Engineer" at Amazon Web Services, announced he was leaving the company over the firing of executives who spoke out against how workers were treated in their warehouses.

This is not the first time the Amazon CEO's immense fortune has faced scrutiny. In January, Bezos revealed Amazon would donate $1 million Australian dollars – or $690,000 in U.S. dollars – to wildfire recovery efforts in Australia. However, critics blasted Bezos for not doing enough in light of his wealth.
 
Niggas gon cry about why having that much money is bad but wont stop using amazon. We traded our convenience for 1 person to have that much power. It's gross but it is what it is. Produce your own shit and shop locally if you dont want ppl monopolizing everything.
 
shutupGabi said:
Niggas gon cry about why having that much money is bad but wont stop using amazon. We traded our convenience for 1 person to have that much power. It's gross but it is what it is. Produce your own shit and shop locally if you dont want ppl monopolizing everything.
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Yep not fucking w Amazon for the foreseeable future
 
if this man built this company and is reaping the reward, there is no fault in that at all. Its just human nature to hate on what you don't have. That bitch talking about we're about to go into a depression, dumb bitch you're putting yourself in a depression about a virus that you have almost no chance of dying from.
 
shutupGabi said:
Niggas gon cry about why having that much money is bad but wont stop using amazon. We traded our convenience for 1 person to have that much power. It's gross but it is what it is. Produce your own shit and shop locally if you dont want ppl monopolizing everything.
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It's not the public's fault. That's like blaming climate change on our carbon footprint when we know for a fact that most of the blame goes to polluting corporations. Amazon makes billions of dollars a year and doesn't pay any taxes. If Besos becomes a trillionaire, it's because the game is rigged in his favor and the people with real power allow it to remain that way.
 
The Lonious Monk said:
It's not the public's fault. That's like blaming climate change on our carbon footprint when we know for a fact that most of the blame goes to polluting corporations. Amazon makes billions of dollars a year and doesn't pay any taxes. If Besos becomes a trillionaire, it's because the game is rigged in his favor and the people with real power allow it to remain that way.
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But amazon is where it is because half the world uses its services. The game is rigged for corporations but amazon got the money to play the game from us.
 
shutupGabi said:
But amazon is where it is because half the world uses its services. The game is rigged for corporations but amazon got the money to play the game from us.
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But getting the money isn't the problem. It's a business. It's supposed to get money. The problem is that the more money it gets, the more it's suppose put out in taxes, payroll, fees, etc... If the company did that the way it was supposed too, Besos would still be rich, but his wealth would be checked to some extent. However, when he makes money hand over fist and doesn't have to pay taxes, doesn't have to pay all his employees living wages, and doesn't have to put other relevant costs of business, then there is nothing stopping him from getting richer and richer. t's the same with all the multinational corporations. Amazon is just the best at it right now.
 
Elzo69Renaissance said:
This some Lex Luthor shit.....
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Only thing left is to become President of The United of America
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