Bezos to start selling Amazon stock

[devil21]

Some lame story about funding his fake space company.

 

[Zippyjuan]

Says he is selling $1 billion worth a year to finance his space venture. With an estimated net worth of $75 billion he can afford to do that for a while. From last week:

http://money.cnn.com/2017/03/29/technology/jeff-bezos-richest/

Jeff Bezos passes Warren Buffett to become the world's second richest person


Move over Warren Buffett! Amazon CEO Jeff Bezos is now the second richest person on Earth.

The latest tally by Bloomberg's Billionaires Index shows Bezos is now worth about $75.6 billion. Another ranking compiled by Forbes has Bezos' value at "just" $75.2 billion.

He added $1.5 billion to his net worth after Amazon (AMZN, Tech30) gained $9 billion in market value during trading hours Wednesday.

The company received a generous stock bump after a Barclay's (AGRPY) analyst declared Amazon will "likely to be one of the first trillion-dollar market cap companies." Its shares hit a record high shortly after.

Amazon's stock has been on fire lately -- it's grown more than 16% over the last year. Investors were pleased with the company's decision, announced yesterday, to buy Souq, an e-commerce giant in the Middle East.

Amazon isn't Bezos's only venture. He also owns space exploration company Blue Origin. Its goal is to eventually take people on "space tourism" trips and to deliver satellites into orbit for corporate climates. So far, the company has only conducted test flights.

Bezos leapfrogged investing guru Warren Buffett and Spanish fashion tycoon Amancio Ortega, who are worth $74.9 billion and $74.2 billion respectively, to take the number two spot on Bloomberg's billionaire list. Buffett is CEO of Berkshire Hathaway (BRKA), and Ortega founded Zara-owner Inditex.
On Forbes' list, Bezos swapped places with Buffett, but he still trails Ortega's net worth by about $1 billion.

 

[oyarde]

I would forget about muh fake space ship and roll it into gold .

 

[orafi]

I would forget about muh fake space ship and roll it into gold .

Too bad that the #EarthIsFlat B-)

 

[devil21]

bump

 

[timosman]

Says he is selling $1 billion worth a year to finance his space venture. With an estimated net worth of $75 billion he can afford to do that for a while.

Is being a sycophant profitable or very profitable?

 

[Dforkus]

I would forget about muh fake space ship and roll it into gold .

I'm sure the second or third richest man on the planet is eagerly searching the internet for anonymous financial advice...

 

[oyarde]

I'm sure the second or third richest man on the planet is eagerly searching the internet for anonymous financial advice...

I do not give advice for free . I charge for it .

 

[oyarde]

I never had amazon stock so I did not have to be bothered dumping it.

 

[Dforkus]

I never had amazon stock so I did not have to be bothered dumping it.

I know right, from 250 a share 2 years ago, to 1000 a share now.. It would be an incredible bother to dump that and have to deal with all that annoying/bothersome money...

 

[oyarde]

I know right, from 250 a share 2 years ago, to 1000 a share now.. It would be an incredible bother to dump that and have to deal with all that annoying/bothersome money...

Yeah actually it would . There would be taxes . LOL . Who wants to waste time bothering with giving the govt money ?

 

[Dforkus]

Yeah actually it would . There would be taxes . LOL . Who wants to waste time bothering with giving the govt money ?

show me a man with a lot of capital gains tax to pay, and I'll show you a man who is making a lot of money..

Long term cap gains is 10 percent, you get to keep the other 90...
I'd love to have the burden of paying that 10% after reaping a 200% profit in 18 months... I'm a real glutton for punishment...

 

[oyarde]

I pd taxes for 52 years but I no longer have to , I figured out ways around that .

 

[stuntman stoll]

He must not be expecting amazon stock to go up very fast from here on out. If he were, he would take out loans at maybe 5% that are backed by his stock as collateral. I believe that is how Paul Allen (of Microsoft fortunes) has had spending money, without working for decades, and without selling his stock.

 

[stuntman stoll]

I pd taxes for 52 years but I no longer have to , I figured out ways around that .

Please do tell. I figure the government gets about 60% of what I produce - and jail is the alternative.

 

[dannno]

Please do tell. I figure the government gets about 60% of what I produce - and jail is the alternative.

I think he lives a humble lifestyle and barters with precious metals.

 

[TheTexan]

Too bad that the #EarthIsFlat B-)

Exactly, he's just throwing away money if he dumps it into a space company that can't even grasp basic science enough to know that the earth is flat

"Let's build rockets into space without even understanding basic science!" /sarcasm

 

[TheTexan]

Please do tell. I figure the government gets about 60% of what I produce - and jail is the alternative.

The trick is to work for the government

Then you get paid with your own dollars

 

[Occam's Banana]

The trick is to work for the government

Then you get paid with your own dollars

 

[oyarde]

Please do tell. I figure the government gets about 60% of what I produce - and jail is the alternative.

Where I live there is no tax collected on purchasing gold or silver coins . I quit my job ( retired ) , cashed everything out , pd the tax , stuck it into where I wanted .Only income I have to show is farm income ( which also allows me to write off all expenses ) and rental income ( write off expenses again ) . I have just enough income I am under the limit to pay tax . I keep just enough FRN's to pay utilities , fuel and property tax and I convert the rest to land , livestock , fruit trees , tools , equipment etc ( all tax deductible ) and metals ( lead , silver , copper , gold etc ). If I want some cash to blow I convert some metals . I pay may accountant 100 FRN's per yr to file all my tax forms and I spend 1 hour per year totaling it up . They make the rules I just use them all to my advantage .I actually live just as well as I did when I was working and I like this much better .