H/t reader kevin a.
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The three wealthiest people in the United States – Bill Gates, Jeff Bezos, and Warren Buffett – own more wealth than the entire bottom half of the American population combined, a total of 160 million people.
The three business moguls have a total wealth of $248.5bn (£189bn), while America’s top 25 billionaires together hold $1tn in wealth – about the same amount as 56pc of the US population combined.
H/t reader squodgy:
“Warms the heart.”
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Bezos is certainly NOT the world’s richest man.
Is the world’s richest man starting to get a little concerned that his $90 billion fortune in Amazon stock might just be fully valued? Well, judging by his SEC disclosures from last Friday, Bezos provided investors with roughly 1.1 billion reasons why the answer to that question may be a resounding ‘yes’.
As Bloomberg points out, Bezos sold a total of 1 million Amazon shares over the course of three days last week netting roughly $1.1 billion in proceeds. The sale represented just 1.3% of Bezos’ total stake in Amazon and leaves him with 16.4% of the company’s shares outstanding.
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A person claiming to be a former data center tech at Amazon implicates the company in working directly with the NSA and CIA to domestically spy on Americans.
Washington, D.C. – Amazon, and its owner Jeff Bezos, who recently surpassed Bill Gates to become the richest man in the world – and who has a $600 million dollar contract with the CIA – have come under fire after a purported whistleblower implicated the company of collusion with the CIA and NSA to spy on Americans.
Bezos, who also owns one of the main propaganda outlets in the United States, The Washington Post, is a controversial figure, who has deep ties to the national security apparatus. He is a former Bilderburger, who has enmeshed his corporations with the national security state.
by Jon Rappoport
June 19, 2017
When Amazon boss and billionaire Jeff Bezos bought the Washington Post in 2013, he also had an ongoing $600 million contract to provide cloud computing services to the CIA. That meant the Washington Post, which already had a long history of cooperation with the CIA, renewed their wedding vows with the Agency and doubled down on the alliance.
By any reasonable standard of journalism, the Post should preface every article about the CIA, or article sourced from the CIA, with a conflict of interest admission: TAKE THIS PIECE WITH A FEW GIANT GRAINS OF SALT, BECAUSE OUR NEWSPAPER IS OWNED BY A MAN WHO HAS A HUGE CONTRACT TO PROVIDE SERVICES TO THE CIA.
Now Bezos and his company, Amazon, have bought Whole Foods for $13.7 billion. Whole Foods is the premier retailer of “natural” foods in America.
In 2017, the wealth gap is wider then ever before. Just eight billionaires have a net worth of more than half the world’s population combined. To illustrate the rate at which this growth continues to occur, last year there were 62 individuals who had collectively accumulated as much wealth as half the planet. The gap continues to grow, and Americans continue to fork over their money to companies like Microsoft and Amazon. In fact, six of the eight wealthiest men are Americans.
An analysis from Oxfam warns that the gap between the rich and the poor is greater than ever. In their report, An Economy for the 99%, Oxfam describes the gap as “obscene.” The analysis reveals that eight very wealthy men have a combined net worth of $426 billion. There are 3.6 billion people comprising the poorest half of the world’s population, and their combined net worth is only $409 billion.
Earlier this year, when I found out Google’s Eric Schmidt had been named head of a newly created Pentagon board I thought that was creepy enough. It’s gotten creepier.
The Washington Post reports:
The Pentagon’s increasingly eclectic Defense Innovation Advisory Board has reached full strength, with celebrity astrophysicist Neil deGrasse Tyson and Amazon.com founder Jeffrey P. Bezos among the latest named to a group that includes some of the private sector’s most successful leaders.
Amazon CEO Jeff Bezos sold about a million shares of Amazon, around 1% of his stake, and netted $671 million, according to a filing with the Securities and Exchange Commission spotted by Fortune.
This is the biggest sale Bezos has ever made of the stock. He sold $534 million of shares last August, according to GeekWire.
After the sale, Bezos owns 81.91 million shares (~17% of Amazon).
– Washington Post finalizes $250 million sale to Bezos (USA Today, Oct 1, 2013):
Washington Post finalizes $250 million sale to Bezos, a deal that was announced in August.
The Washington Post now fully belongs to billionaire Jeff Bezos.
The Washington Post Co., which had owned the paper, said Tuesday that it has finalized selling that part of the company to the founder and chairman of Amazon.com, a deal that was announced in early August and shocked the media industry.
In paying $250 million in cash for the paper, Bezos gains control of the fabled but struggling publication that had been controlled by four generations of the Graham family.
– Jeff Bezos To Buy Washington Post Newspaper And Its Publishing Assets For $250 Million (ZeroHedge, Aug 5, 2013):
A few months after investing some pocket change into the slideshow-focused “Business Insider”, Jeff Bezos has decided to buy the Washington Post newspaper publishing business, including the WaPo paper itself for $250 MM. The headline blast:
Jeffrey P. Bezos to purchase Washington Post, Express, Gazette, other Greater Washington, DC papers — deal valued at $250 million #breaking
— Reuters Business (@ReutersBiz) August 5, 2013
It is unclear if the online version of WaPo goes with it, but most likely the answer is yes. It is also unclear just what Bezos’ strategy is for the hard-version of the WaPo: maybe instead of selling 450,000 daily copies at $1.25, Bezos will sell 450,000,000,000 at -$1.25?
So long-overdue consolidation in the media space by rich, bored billionaires, or just the imminent arrival of even more slideshows, and even more epic losses to be “made up with volume”? Only time will tell.
The full press release, for now not in slideshow format, and precisely zero kittens:
The Washington Post Company (WPO) announced today that it has signed a contract to sell its newspaper publishing businesses, including The Washington Post newspaper, to Jeffrey P. Bezos.
The purchaser is an entity that belongs to Mr. Bezos in his individual capacity and is not Amazon.com, Inc.