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Jeff Bezos Becomes the First Person Ever Worth $200B (forbes.com)
16 points by mgdo 2120 days ago
5 comments

If you try to imagine the amount of real things Bezos can buy, and even more, the amazing mass of 200B$ in 10 dollars bills, you then realize his fortune is more a symbolic attribute than the transposition of productible stuffs in real economy. This absurd level of fortune shows us that we don't live in a pure rational world/economy, but rather that we still follow and believe in fictive or conventional representations of wealth. The question is : how long people will still believe in theses social conventions, because as a last resort our actual world stand on social beliefs.
That is not the amount of money Bezos has, that is the estimated selling price of the stuff he owns. He could use it as money (by paying in fraction of shares) but a significant part of the value relies on the fact that he is not currently selling (a substantial part) of his wealth.

Similarly for Musk, it is easy to imagine how quickly Tesla value would drop if Musk where to tweet "I will now sell all of my shares" (he received a formal complaint because he said something that was vaguely close to it)

Ok thank you for your comment, I will go deeply in your point of view later.
> you then realize his fortune is more a symbolic attribute than

This isn't much if an epiphany. These net worth values are just loose estimates of hypothetical values obtained by blindly summing coarse appraisals given the current state of things. They have always been like that.

Interesting to compare it to this list for some perspective: https://en.wikipedia.org/wiki/List_of_wealthiest_historical_...
... Which of course the authors of the Forbes article never did, judging by some of the obvious historical competitors (Rockefeller, Carnegie, Vanderbilt, etc) they missed.

Leaving aside the bias for figures from the last 200 years (ignoring many figures from earlier epochs, whose shares of global wealth were no doubt comparable, or most likely far higher).

Just think, if he hadn't cheated on his ex-wife he'd be worth even more.
And he would have more money too!
It is a bit absurd to think of the financial consequences of that. More money chabged hands than the GDP of many countries in that divorce
Some will see this with outrage, but I'm just thinking that it's an ad. I feel like I should get into Amazon stock while it's on the upswing!
Buy high sell low right?

Being half sarcastic though. There is still an argument that Amazon is a value stock.

I think it says a lot about a society where a person can accumulate such wealth without being a politician or using military force
Is it still true that he’s behind on paying his taxes?