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Somebody explain to me how is Jeff Bezos the second richest guy in the world?

I thought he had retired? He isn't even innovating or leading anything special last I checked and his primary hobby appears to be to sue spaceX whenever he gets the chance. So why is his net worth 214.5 billion USD while Elon Musk is barely ahead with 221.2 Billion USD?

https://www.forbes.com/real-time-billionaires/#67e46d1d3d78

Honestly, I can't see Jeff being worth more than 160 Billion USD at best.

At least Bernard Arnault is about to fall out of the top 3 so only Americans will be in the top 3.

Logically the top 10 richest people in the world should be all Americans. It's strange that a Frenchman is up there.

When Elon Musk's net worth crosses 300 billion USD will Jeff Bezos be able to keep up?

Explain your beliefs

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He gots his money :marseybux: stolen :marseyoverallhapiness: in divorce court :marseykrayongrouns: lol, that's the reason. He used to be richest by a wide margin.

Also, Amazon :marseyunabomberdevil: is so ridiculously profitable lol

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That is true. So are you saying without the divorce Jeff Bezos would have been the richest man in the world today?

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I mean, yeah? He was the richest man, and with the 60 million he got taken away in stocks he would easily still be it right now

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I disagree.

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It's not a matter of agreeing or disagreeing. Had he not been divorced he would still be the richest man given that his networth would be equaling atleast 60 million more, which is how much his wx-wife got in amazon stock

He is so rich his exwife became the richest woman in the world just from divorcing him.

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I understand where you are coming from. I disagree.

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Amazon.

What elese could it be.

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But when was the last time Amazon did something innovative?

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Drone packages? So much shit runs through the amazon infrastructure lol, their services are what makes a lot of innovation based silicon valley projects possible in the first. Results make money, not a bunch of strags saying "wouldn't it be cool if we did X?". Amazon makes a lot of products which are cheaper versions of something offered by companies like Apple or Google, thus reaching a broader market.

Let me rephrase,

Innovation =/= Profitability

Good Service = Profitability

Anybody can make a product needlessly complex and innovative (Coolest Cooler lol), that doesn't make it a good product.

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But Elon Musk makes good product?

Alibaba made cheaper product than Amazon?

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They have a ton of data. Any competitor who wants to have a chance undercutting their prices probably needs to build up a comparable data portfolio and operate at a loss until then.

Data is very dangerous to capitalism because it's so easy to hoard and gives established players a huge advantage

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Cool. Thanks for educating me.

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This is reason german car-manufacturers give when they analyse why they're so far behind tesla, especially for autonomous driving.

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Fascinating.

The US ate up the German vehicle market.

It's kinda cool that the US became too big to be able to share, as the only way for it to keep growing at 2% and above is to out compete other nation states to the point of slowing down their economies.

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Adrenochrome

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You might be overvaluing innovation. A digital storefront (plus web services) and a French luxury goods brand might be less exciting than some of the tech companies on the list, but they provide things that people want. Bezos and Arnault are both still heavily invested in their own, very valuable, companies.

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AI is going to be more valuable than owning a store. Just like how walmart isn't in the top 10 so would Amazon and Arnault fall out one day soon.

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Amazon is also profitable because they aren't just a store, they are a store from which other stores pay to operate from. It will always be more profitable bronze, it's simple supply and demand. You saying "AI will be more profitable" because you like it more as a concept doesn't change the rules of the market.

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I disagree.

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The majority of the internet runs on Amazon Web Services.

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The retail side is also very valuable. That logistics network of theirs is no small thing.

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Fair. When will microsoft beat them?

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Wealth is determined by stock value and by how much of it you own it.

Bezos owns a good share of Amazon, that's why he's so rich. Arnault owns shares of LVMH which is the largest luxury conglomerate in the world, is not just clothes but also cosmetics, wines, jewelry, etc.

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Elon Musk should open his own Luxury brand company. Somebody X this idea to him.

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