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How Jeff Bezos Gets His Money From Amazon (The Story of the Richest Person In The World in 2019)
How Jeff Bezos Gets His Money From Amazon (The Story of the Richest Person In The World in 2019)
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Phụ đề (296)
0:00
this episode is brought to you by
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dashlane try dashlane premium free for
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30 days at www.dashlane.com
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infographics and never forget another
0:10
password and keep all your online
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accounts secure i want to see good
0:14
financial returns but also to me there's
0:16
the extra psychic return of having my
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creativity and technological vision bear
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fruit and change the world in a positive
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way jeff bezos once said while some may
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question if he's made the world a better
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place we can certainly say he's made
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some good financial returns he is the
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richest man in the world and it's
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reported that he was worth 143 billion
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eight hundred ten million two hundred
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thirty one thousand four hundred fifty
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nine dollars and twenty 23 cents at 3 55
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pm on february 26 2019 this number will
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of course fluctuate and it's said his
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divorce will take a considerable chunk
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out of his fortune before we talk about
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how he made his billions let's first try
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to get it into our heads just how much
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cash this man has as we said his worth
1:01
changes a lot and that's due to many
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factors but let's just say for now he
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has around 140 billion dollars according
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to the international monetary fund in
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2018 that would give him a nominal gross
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national product gdp around the size of
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kuwait which comes around 58th on the
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list of gdps around the world when that
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list was created as one media outlet
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stated in 2018 jeff bezos is now richer
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than iceland tunzania jamaica and
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estonia combined what does this
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translate to someone already did the
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math for us in 2018 regarding his yearly
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earnings broken down into smaller time
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frames we're told that it's estimated
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that he makes almost one and a half
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billion dollars a week around 213
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million dollars a day 8.9 million an
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hour 149 000 plus dollars every minute
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and 2.4 thousand dollars per every
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second that goes by yep for every minute
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he lies in bed watches reruns of the
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apprentice picks his nose or carves a
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pineapple he's earning as much as a very
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well paid employee in the united states
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earns in a year in an hour he's rich and
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in a day he's taken in more than most
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people in the entire world could only
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wish for if you're watching this from
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malawi where the world bank states the
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gross national income per year is on
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average 320 bucks you might be trying to
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get your head around how much time it
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takes mr bezos to earn your yearly wage
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the answer in short is not very long at
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all maybe about the time it takes to
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blink if you do it fast you get the
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picture this man is mind-bogglingly rich
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imagining his wealth is like trying to
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fathom just how many planets and stars
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there are moving about in the cosmos
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let's just say he is cosmically rich
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astronomically wealthy and it's
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universally accepted that no one knows
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how to create a cash stack like jeff but
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how did he do that well we first had to
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look at young jeff the millionaire in
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the making the billionaire in the
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beginning bezos was born on january 12
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1964. that makes him a capricorn and if
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you believe in that kind of thing you'll
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know this star sign is supposed to be
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ambitious proud and goal-oriented he
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took his first breaths in albuquerque
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new mexico but was raised in houston
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texas he wasn't from some rich family
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and when he came screaming into this
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world his mom was a 17 year old high
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school student and his pop owned a bike
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shop these two got married and they
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became the jorgensen family but that
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didn't last long and when jeff was four
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his mother married a cuban man named
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miguel bezos sometimes called mike if
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you're wondering what happened to jeff's
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birth father in 2013 usa today said ted
3:29
jorgensen had just found out who his son
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was and wanted to reconnect i didn't
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know where he was if he had a good job
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or not or if he were alive or dead he
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was quoted as saying so we have a young
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jeff and his mother and her new husband
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they were still not well off but mike
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got himself a degree and ended up
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working as an engineer it said even at a
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young age curious jeff was interested in
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how things worked in his home and at
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times he was able to rig contraptions of
3:54
his own around the house he graduated
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from messing with his family's
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appliances and moved on to more
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scientific work in high school where he
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graduated as valedictorian it was there
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he started his first enterprise an
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educational summer camp called the dream
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institute at this time he was also
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fascinated with computers in 1986 he
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left princeton university with a 4.2
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grade point average and he was a whiz at
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computer science as well as being a
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young man that was seen as exceptional
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in many areas you can't really go wrong
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after that and he soon was offered jobs
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at lots of big firms but he settled with
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a position at fintech soon after he
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worked for the investment firm d.e shaw
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and that's where he met his wife to be
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the novelist mackenzie tuttle this is
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not a family show but a money show
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although we'll tell you that he had
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three sons with her and they also
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adopted a girl from china that likely
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went very well for a while but after
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some time being separated his wife did
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what she did best and penned a letter
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this was a twitter post that announced
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her and jeff were splitting up we
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certainly aren't going gonna go into the
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controversial things that happened after
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that but suffice to say they had some
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marital problems if she gets her 50 of
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his wealth she will become the richest
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woman in the world okay back to the cold
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hard cash question in 1993 bezos started
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an online bookstore a year later he
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founded a company some of you might know
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called amazon this wasn't his first
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choice of name but he settled with
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amazon because the jungle was massive
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and exotic and that's what his company
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would be the amazon jungle is packed
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with an incredible array of flora and
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fauna and his company would become
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packed with an incredible number of
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things he had to borrow some cash to get
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this started and while it only sold
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books in the beginning he always said
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later amazon would branch out into many
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products but books were successful alone
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and in a month his company was selling
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them to people in 45 countries bringing
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in 20 000 a week for the startup a few
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years later and with millions raised for
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his now public company he started to
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include music and many other consumer
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products at the time many other dot com
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businesses were failing or sunk but not
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amazon it said yearly sales in 1995 were
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around 510 000 but in 2011 a cool 17
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billion dollars but rewinding a little
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we must remember that bezos started to
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put his long fingers and many other pies
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in 2002 he launched the cloud computing
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platform amazon web services something
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which would end up being very useful not
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just for companies or individuals but
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for governments amazon also came out
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with the amazon kindle in 2007. another
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area he went into was publishing and in
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2013 he bought the washington post
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company what else did he do well a lot
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really amazon has an ai arm which if you
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follow tech news has done things like
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develop facial recognition technology
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the company that became the world's
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biggest shipping firm has come up with
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novel ways to deliver packages such as
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by drone and has implemented new
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technologies into its warehouses then
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there's the video on demand service
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amazon prime and original content
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producer amazon studios and also amazon
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publishing you also have cashless amazon
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go stores and the 13.4 billion dollar
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acquisition of the whole foods market a
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specialist supermarket in terms of
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revenue amazon was said to be the
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biggest tech company in the world in
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2018 with a revenue of 232 billion it's
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also said to be worth in the region of
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800 billion but apple beats amazon for
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first place in that category at a value
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of around 930 billion amazon also
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employs quite a few people with 613
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300 folks working for the company around
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the world the question now is how does
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all this success relate to cash going
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into mr bezos's rather large pockets
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well as you can guess the main part of
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the business is the website amazon.com
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you know that because you've likely
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bought something there we mean who
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hasn't over the age of 18. the fact is
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most people are using the site means
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jeff bezos is a very rich man bloomberg
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that reports bazels his wealth to have
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risen as high as 161 billion in 2018
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tells us that he owns 16 of the company
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amazon you already know how much the
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company is worth and how much that
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company pulls in so that 16 percent he
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owns is where the lion's share of this
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money comes from bloomberg also says he
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has sold some of his shares in amazon to
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fund his space exploration company blue
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origin but basically when you consider
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that bezos owns 78.8 million shares of
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amazon and each amazon share is worth 1
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636.46 at the time of writing well you
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can see why he's so rich if you're
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wondering how amazon.com makes money
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well it's mainly from general retail and
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the money people pay to sell stuff there
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either as individuals or professional
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retail third-party sellers but also from
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shipping fees warehouse fees deals and
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more the chunk of cash comes from retail
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and a bit more from third-party sellers
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on amazon.com but as we said amazon web
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services has also done well and
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according to forbes it saw a revenue of
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around 25 billion for 2018. amazon prime
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brings in around another 6 billion and a
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few more billions are made from ads and
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things such as co-branded credit card
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agreements if you're wondering what
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sells best on amazon books are only in
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third place now with household items
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coming in first place and toys and games
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in second place finally we might also
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look at this opening paragraph from a
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fortune article written in 2019. those
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wondering how many zeros amazon which is
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valued at nearly 800 billion dollars has
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to pay in federal taxes might be
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surprised to learn that its check to the
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irs will read exactly zero dollars we
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are told this is perfectly legal we'll
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let one expert explain it albeit vaguely
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he said amazon avoids paying federal
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taxes using a variety of tax credits and
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tax exemptions that are legal and built
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into the u.s federal tax code what he
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meant by these exemptions was mostly
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centered around a research and
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development tax credit recent tax
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deductions for investments in equipment
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and also something called stock-based
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compensation so there you go that's how
9:50
jeff bezos became the richest man in the
9:53
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subscription today what do you think
10:42
about one man having all this cash what
10:44
do you think about amazon also be sure
10:46
to check out our other video how this
10:48
man made 85 billion dollars thanks for
10:50
watching and as always don't forget to
10:52
like share and subscribe see you next
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time
How Jeff Bezos Gets His Money From Amazon (The Story of the Richest Person In The World in 2019) - Video học tiếng Anh
