Laura Dang
Laura Dang3636d ago

Jeff Bezos Made $6 Billion in 20 Minutes Last Week — Here’s What He Can Ball Out On

Last Friday Amazon CEO Jeff Bezos made $6 billion in 20 minutes, or $5 million per second.
Amazon shares skyrocketed from $600 a share to a record high of $681.50 in after hours trading. Their first quarter earnings report was impressive as shares of Amazon surged about 10% after the company shared their earnings of $1.07 per share on $29.13 billion in revenue.
Investopedia reported that Amazon revenue  increased 28 per cent to $29.1 billion in the first quarter, compared with $22.7 billion in first quarter 2015. As a result, 52 year old Bezos became the fifth-richest man in the world with a net worth of $59.8 billion as of today. According to CNN Money, the market value of Amazon is about $320 billion while Walmart is worth around $110 billion.
Today their shares are valued at around $684.13.
To get a perspective of how much Bezos made in 20 minutes, here are some things he can purchase with $6 billion dollars:

7,067,137 iPhone 6s with 128 GB that cost $849

5,719,733 Disneyland Signature Plus Annual Passports with no blackout dates at $1,049 each

1,333 Lamborghini Venenos that MSRP for $4.5 million each

Bezos can buy The Washington Post, which is valued at $250 million, 24 times

16 Airbus A380s which go for $375 million each

Bezos can buy 12 of Larry Ellison’s $500 million Lanai island in Hawaii

In 20 minutes, Bezos made 1.3 times more than what Donald Trump is reportedly worth, which is $4.5 billion

Discussion

Ari C.
Ari C.2h ago

If this happened on campus, Stanford should issue a clear public update and specific safety actions.

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Mina Z.
Mina Z.1h ago

Agree. People need facts and process, not silence. The school should confirm what is being investigated.

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Ken L.
Ken L.48m ago

Also important to separate verified details from rumors so this does not spiral online.

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Linh P.
Linh P.1h ago

The death threat part is extremely serious. Hoping law enforcement and campus security are already involved.

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Jae T.
Jae T.35m ago

This is where official reporting and support channels need to be visible and easy to access.

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Sophie W.
Sophie W.56m ago

Can NextShark keep a timeline thread here as updates come in? That would help keep context in one place.

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