News Jeff Bezos Made $2.9 Billion in a Single Day

Discussion in 'The Howard Stern Show' started by dawg, Oct 24, 2015.

  1. dawg

    dawg In The Dog House Staff Member

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    getty_471886250_2000156520009280112_69132.jpg

    I was impressed when I learned that Oprah Winfrey made $71 million in just one day.

    But the performance on Friday of Jeff Bezos--to say nothing of that of Larry Page, Sergey Brin, Mark Zuckerberg, and Bill Gates--makes her haul look like chump change.

    Earnings reports came out Friday, and tech stocks soared on the news. The biggest winner of all was Bezos, because Amazon's stock closed at $599.03 per share on Friday. That represented a 6.2 percent jump in one day, which increased the value of Bezos's stake by $2.9 billion.

    That means his net worth is now $53.2 billion, which means he lags behind only Gates and Warren Buffet as the third-richest American, according to Bloomberg.

    (The reason for the jump: Amazon analysts and shareholders had braced for an expected loss of 13 cents per share, but the mega-retailer reported instead that it was in the black for the quarter--a 17 cents per share profit.)

    He wasn't the only winner though, as Alphabet (the new parent company of Google), Facebook, Microsoft, and other technology stocks jumped, too. Here's how some of the other tech giants fared:

    Larry Page, CEO of Alphabet saw his net worth jump at least $2.5 billion. (Alphabet stock rose 5.6 percent Friday, on news that its profit was up 16 percent from the same period a year ago.)

    Page's co-founder, Sergey Brin's fortune rose $2.4 billion as a result of the same news. (They might not be celebrating that much however, since it's not the most they've seen in paper profits in a single day this year. On July 17, they made about $8 billion between them, according to Business Insider.)

    Meantime, Microsoft rose 10 percent on the day--which meant the 223.4 million shares that Gates still owns gained $1.1 billion in value over the trading period. (Gates has sold a lot of stock over the years to fund his philanthropy.) And, Facebook (which hasn't even released its earnings report yet) rose another 2.5 percent, meaning Zuckerberg likewise made $1.1 billion on his stake.

    In fact, if you add up the paper profits that just these five men made in a single day, it works out to $10 billion. To put that in context, it's more than the annual GDP for some small countries--more than The Bahamas for example--or as USA Today put it, "a big slice of the $90 billion in total market value created for all investors who own these shares"

    http://www.inc.com/bill-murphy-jr/heres-how-jeff-bezos-made-$29-billion-in-a-single-day.html
     
  2. Boomer

    Boomer Who is your daddy and what does he do?

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    Thanks for making me feel like a cunt.
     
  3. Jewlican

    Jewlican Well-Known Member VIP

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    I gotta stop ordering so much shit from Amazon!

    Nah, too easy.
     
  4. tired

    tired Well-Known Member

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    All while Obama is president. Just saying.
     
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  5. GaryPuppet

    GaryPuppet Well-Known Member

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    Bezos is the founder of Amazon.com right?
     
  6. Wangold

    Wangold Well-Known Member

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    No, Ashley Madison.
     
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  7. dawg

    dawg In The Dog House Staff Member

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    That cant be, Obama destroyed wall street and the American dream. Something is wrong here.
     
    HooHoo, Dr Congo, Fuzz Nuts and 4 others like this.
  8. GaryPuppet

    GaryPuppet Well-Known Member

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    I thought that was Nole Beaderman or something like that.

    "Life is short. Have an affair."
     
    Wangold likes this.
  9. MyLazyHand

    MyLazyHand Russia and France Know What to Do

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    I've been talking about the crazy Bezos fortune for some time.

    His company basically makes no profit.

    And he makes in one day DOING NOTHING to surpass the annual GDP of Belize.
     
    DiamondGoddess likes this.
  10. dawg

    dawg In The Dog House Staff Member

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    He makes no profit? :lol:

    He is worth 52 billion while making no profit? :spit:
     
  11. yahoo

    yahoo Well-Known Member

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    Okay, hang on... calculating what I made yesterday...

    Gonna take a minute...

    Almost there...

    $422.56

    Suck it, Bezos.
     
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  12. Boomer

    Boomer Who is your daddy and what does he do?

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    Actually it doesn't make much of a profit by large corporate standards. He keeps reinventing it all into his company.
     
  13. MyLazyHand

    MyLazyHand Russia and France Know What to Do

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    You didn't know that Amazon doesn't make a profit? They really haven't made a profit EVER for 20 years. They had good numbers announced the other day, but they'll probably still fail to make a profit this year.

    Google is your friend if you don't know this fact.
     
  14. Robert Higgins

    Robert Higgins Well-Known Member VIP

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    bought 100 shares of AMZN way back in 1997 at about $35 per share.

    just about the only good stock purchase I've ever made.

    [​IMG]
     
  15. MyLazyHand

    MyLazyHand Russia and France Know What to Do

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    If you're not FOS and you've held it for nearly 20 years, it's gone from $3500 to $750,000.

    Sounds made up.
     
  16. Jayla

    Jayla Ou ai-je l'esprit? Gold

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    Puppet, maybe you should pretend you're married and go on there. I hear the ratio of women to men is great.

    How's Mommy Puppet?
     
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  17. Getthepoisonout

    Getthepoisonout I regret my username

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    yes, it was his idea from the beginning. He started it in the the mid Noineties just as the internet was getting traction with the masses.
     
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  18. larryluncg

    larryluncg Empty VIP Gold

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    Amazon does make a profit but it's less than 1% of sales
     
  19. dawg

    dawg In The Dog House Staff Member

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    He has 52 billion dollars made from his company. I dont know about your math, but he has made a personal profit of billions. I dont care what the company does. This is ridiculous that people come in here telling us he has made no profit.
     
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  20. MyLazyHand

    MyLazyHand Russia and France Know What to Do

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    They report a loss every year. Their gross operating profit is not the same thing as their NET profit.

    After you pay for all of that overhead, the net is a loss.

    That's why it's so incredible that Bezos is worth nearly as much as Bill Gates. Microsoft has made stupid money for 25 years, and yet the founders of the two companies have similar net worths.

    Microsoft has enough cash to purchase every American sports franchise in cash.