Quote:
Originally Posted by Amnorix
There's a point at which the money becomes irrelevant. If he goes from $137 billion to $70, is it really going to change a single thing about his life? Yeah, no.
More important is the voting control over Amazon. That's all that likely matters to him.
|
Sometimes these wealth things befuddle me a bit, though. He owns a lot of Amazon stock that would be worth that much if he sold it. But he hasn't sold it, and it doesn't pay a dividend at all. So that wealth is not generating any income for him, right?
Now, in an extreme case like this he could be selling $500 million a year of stock to generate income, and it'll last his whole life. But he's still selling the stock to do that, which is selling an asset. The other $136.5 billion isn't making him a penny to cover his day to day living csts if I understand it right, unless there's some accounting chicanery you can do when you're rich like that.
If the guy wants to retain control of the company, maybe he'll have to get a night job at Chick Fil A or something.