Bezos liquid assets9/26/2023 Seamus: Run the federal government for under 8 months.īob… Man, the government really has to get spending under control. If we lived in a magical world where we could liquidate ALL of their assets WITHOUT devaluing any of them, we would shut down virtually all of the most profitable companies in the world for a one time lump sum of 2.5 trillion.īob: 2.5 TRILLION!? WHOOOWEEE! Imagine what we could do with that! The majority of Bezos' net worth is tied up in Amazon stock, which is not considered to be liquid. This includes cash and investments that can be easily converted to cash. Seamus: Well, there are about 550 billionaires in the US. How much of Jeff Bezos net worth is liquid Jeff Bezos' approximate liquid net worth is estimated to be 59.7 billion as of 2023. And it would also result in massive layoffs, and in all likelihood kill the company along with all of the value it’s adding to the economy.īob: I don’t care! Being a billionaire is a CRIME! They only make their money by exploiting others! Can’t you see that we could fix our economy if we rounded them up and confiscated their wealth? But selling all of his shares at once would lead to a massive devaluing of the company, so you would end up bankrupting him only to get a fraction of his initial wealth. So in order to seize his wealth, you would basically have to sell off Amazon. He owns shares in a COMPANY which are worth about that much. Seamus: Jeff Bezos is doing incredibly well- but it’s not as if he has 159 billion in the bank. So if you have a house which is worth $100,000 dollars, own a business which is worth $50,000 dollars, and have a quarter in your pocket, your liquid wealth is 25 cents, and your net worth is $150,000 dollars and 25 cents. Whereas your net worth is the value of everything you own, including assets. Seamus: No… liquid wealth is the amount of cash you have. Seamus: Well, first of all, to take the example of Jeff Bezos- that 159 billion has has isn’t liquid wealth.īob: Not liquid wealth? You mean he can’t dive into his safe and swim in it? Seamus: That might be a bit short sighted, Bob. “In fact, people who win typically have worked hard to recognize what beliefs or biases they hold and “actively try to look for evidence that does not confirm them,” Bezos said.Seamus: Man, the government really has to get spending under control.īob: HOW can you be concerned about something like GOVERNMENT SPENDING when rich fat cats like Jeff Bezos get to have 159 billion dollars when the rest of us are so poor? If anything, we NEED the government to confiscate their wealth and spread it around! They have the same data set that they had at the beginning, but they wake up and they reanalyze things all the time and they come to a new conclusion and then they change their mind.” “What I have found that people who are right change their mind even without getting new data. READ: Here’s How To Determine Your Net Worth Change your mind set : Bezos has learned from interacting with the world’s most influential minds that the people who usually get things right are those who listen the most and who change their minds often.Even at that, he continues to enjoy risk-taking in business. So you have to have something that might not work and you have to accept that your business in many ways is an experiment and it might fail, And that’s ok.”īezos has had his own share of failures, like the demise of Amazon restaurants and Amazon’s pop-up kiosks. “If you come up with a business idea and there’s no risk there… it’s probably already being done… being done well…. READ: This billionaire made $39 billion in 2019, thanks to his luxury brands Be ready to embrace risk and failure: The business tycoon also made it known that taking risks and failing is an integral part of becoming successful in business.“You have got to have some passion for the arena that you are going to develop and work in, because otherwise you’ll be competing against those who do have passion for that, and they’re going to build better products and services.”īezos added that to be a successful business person, you need to be a missionary and not a mercenary, meaning that you have to be mission-motivated, not money-motivated. READ: MacKenzie Bezos is set to get her bumper divorce settlement He says that it’s the people who care that win. Be passionate: Bezos believes it’s important for an entrepreneur to follow his or her passion.
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