'Biggest coronavirus stimulus of all': Richest man in the world Jeff Bezos

[turbinetree]

now $24 billion richer amid pandemic

Published 10 mins ago on April 15, 2020
By Common Dreams

Amplifying fresh critiques of wealthy inequality that have mounted throughout the coronavirus pandemic, Amazon founder Jeff Bezos—the world’s richest man—has added nearly $24 billion to his already massive fortune in 2020 as virus-related lockdowns across the globe have forced people to stay inside and fueled increased e-commerce demand.

Explaining the source of a nearly 5% jump in Bezos’ net worth Tuesday, Forbes reported that Amazon stock surged 5.3%, “hitting a new record close of $2,283 per share. The stock is now up over 20% so far this year, outpacing the benchmark index (the S&P 500 is down over 12%).”

Bezos was worth $138 billion as of Tuesday, according to the Bloomberg Billionaires Index. He is Amazon’s CEO and president, and owns an 11.2% stake the e-commerce giant, which has come under fire for how it has treated workers during the outbreak.

While Bezos tops the index, Fortune noted that the 18th spot now belongs to his ex-wife MacKenzie, “who was left with a 4% stake in Amazon as part of the couple’s recent divorce settlement. Her net worth has climbed $8.2 billion to $45.3 billion.”

https://www.rawstory.com/2020/04/biggest-coronavirus-stimulus-of-all-richest-man-in-the-world-jeff-bezos-now-24-billion-richer-amid-pandemic/

What exactly is his tax base, let me think 21% or 29%, and how much did he pay or his oligarchy in taxes zero, zich, nada...........................

[samnsara]

1. im hoping this also helps the post office...

[redstatebluegirl]

2. And he treats his employees like garbage!

[Newest Reality]

3. Awww.

And we peons get what, $1,200 and some get unemployment compensation?

$24 BILLION. Say that out loud.

See, the system works! Disaster capitalism is real and the vultures fly high, too--they will be picking the bones clean. Disasters can be big gold mines for those who are entitled to reap the rewards of a crisis like that. COVID-19 is like a great boon, for some.

How is this all working out for us?

[DanieRains]

4. He Doesn't Pay Income Tax As He Accumulates More Wealth

Only pays capital gains if he sells stock.

Only pays income tax social security and medicare if he pays himself a salary.

Being an owner instead of a laborer is cool......

The people who punch time clocks get to pay most of the taxes.

USA USA USA