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Old 07-27-2017, 11:11 AM   #1
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Default Amazon CEO now richest man in the world

MUST BE NICE

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Bezos's net worth topped $90 billion on Thursday, allowing the Amazon founder and CEO to narrowly dethrone Microsoft (MSFT, Tech30) co-founder Bill Gates as the richest man in the world, according to Forbes and Bloomberg. If Amazon stock holds steady through trading Thursday, Bezos will officially bump Gates, who has been No. 1 since 2013, from the the Bloomberg Billionaires Index.
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His world's-richest-man milestone was made possible because of Amazon (AMZN, Tech30)'s surging stock price. The e-commerce juggernaut's market value surpassed $500 billion this week for the first time ever.
The vast majority of the Bezos fortune is tied up in Amazon stock, of which the CEO owns nearly 17%. That stake alone is worth $83 billion, meaning Bezos could just as quickly lose his new title as the world's richest man should Amazon's stock decline, or Microsoft's value rise.
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Old 07-27-2017, 11:31 AM   #2
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They are the new Wal Mart.
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Old 07-27-2017, 12:28 PM   #3
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so much better for them, walmart pays for inventory. i learned a lot about selling on amazon on my last trip to se asia. sellers are taking the risk and paying for lots of that inventory for all sorts of products sold on there.
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Old 07-27-2017, 12:39 PM   #4
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You buy the shit, you pay to ship it to amazon, they sell it, you pay a fee to ship it to customer
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Old 07-27-2017, 12:52 PM   #5
 
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so much better for them, walmart pays for inventory. i learned a lot about selling on amazon on my last trip to se asia. sellers are taking the risk and paying for lots of that inventory for all sorts of products sold on there.
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You buy the shit, you pay to ship it to amazon, they sell it, you pay a fee to ship it to customer
Walmart has the same days inventory as Amazon ~45 days. It is public financial record.

Amazon does have a better days payables though giving them a cash conversion edge. Both are very strong!
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Old 07-27-2017, 01:18 PM   #6
 
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so much better for them, walmart pays for inventory. i learned a lot about selling on amazon on my last trip to se asia. sellers are taking the risk and paying for lots of that inventory for all sorts of products sold on there.
I sell on amazon and it's by far the most confusing platform ever to sell on.
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Old 07-27-2017, 01:22 PM   #7
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I sell on amazon and it's by far the most confusing platform ever to sell on.
what do you sell on there?
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Old 07-27-2017, 01:29 PM   #8
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I've sold books on Amazon years ago after college and haven't used it since. I don't know if the process has changed but it was just like EBay. I never had to ship any of my stuff to amazon....
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Old 07-27-2017, 01:35 PM   #9
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if you do it like a business you're basically buying loads of stuff from china and depositing it into amz warehouses and paying fulfilled by amazon fees on top of other selling fees. the trick is finding a product you can sell in volume in a market you can compete in.
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Old 07-27-2017, 01:54 PM   #10
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A mind boggling amount of money
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Old 07-27-2017, 04:27 PM   #11
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Back to being second richest already. What a loser.

https://www.theverge.com/platform/am...t-person-title
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Old 07-27-2017, 09:24 PM   #12
 
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Back to being second richest already. What a loser.

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Old 07-27-2017, 09:32 PM   #13
 
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.


Hilarious, the news was all excited this morning he's richest, and tonight they were all excited he's 2nd???


.
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Old 07-27-2017, 10:44 PM   #14
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Fuck him and them
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Old 07-27-2017, 10:55 PM   #15
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Old 07-28-2017, 06:51 AM   #16
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FUCK I just want a mill and this guy can loose a mill and not even notice.
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Old 07-28-2017, 07:38 AM   #17
 
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FUCK I just want a mill and this guy can loose a mill and not even notice.
What you looking at?
I just got a mini cnc mill.
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Old 07-28-2017, 07:57 AM   #18
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What you looking at?
I just got a mini cnc mill.
This guy doesn't get it
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Old 07-28-2017, 08:01 AM   #19
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Old 07-28-2017, 08:16 AM   #20
 
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This guy doesn't get it
oh i get it; was just curious
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Old 07-28-2017, 08:17 AM   #21
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Old 07-28-2017, 08:18 AM   #22
 
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holy fuck i don't get it. my head is all in machines lol
thank god it's friday
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Old 07-28-2017, 08:19 AM   #23
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he means a million dollars.
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Old 07-28-2017, 09:19 AM   #24
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How loose is he going to be with his mill?
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Old 07-28-2017, 09:38 AM   #25
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How loose is your goose?
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