This could push Amazon’s Jeff Bezos past Bill Gates as the world’s richest human

http://www.marketwatch.com/story/this-could-push-amazons-jeff-bezos-past-bill-gates-as-the-worlds-richest-human-2017-03-30

It won’t be long until Amazon.com Inc. founder Jeff Bezos is shouting, “I’m the king of the world!”

Bezos just leapfrogged the venerable Warren Buffett to become the world’s second-richest human, according to Thursday’s reading of the Bloomberg Billionaires Index. At $75.6 billion, Bezos is still worth $10.4 billion less than No. 1 Bill Gates, who co-founded Microsoft Corp., but the recent relative trajectory of Amazon’s stock suggests that gap could be closed sooner, rather than later.

Bezos is by far Amazon’s largest shareholder, owning 80,897,696 million shares, or 16.95% of the shares outstanding, according to data from the latest regulatory filings, valued at $70.73 billion through Wednesday. That means a $1 gain in Amazon’s stock  which represents a 0.1% move at current prices, puts about $81 million into Bezos’ pocket.

All else being equal, that means Bezos would pass Gates’s current standing if Amazon’s stock climbs to $1,002.88, which is $128.56, or 15%, above Wednesday’s closing price of $874.32.

Considering Amazon’s stock has run up 17% year to date, and 46% over the past 12 months, that could happen as soon as the next several months.

In comparison, Microsoft shares  have gained 5.6%, Berkshire Hathaway’s Class A shares  have tacked on 3.1% and the S&P 500 index  has advanced 5.8% so far this year.

Gates owned 174,992,934 shares of Microsoft, or 2.26% of the shares outstanding, according to SEC filings, valued at $11.46 billion. The rest of his holdings are managed through Cascade Investments, Bloomberg said.

The 295,000 shares of Berkshire Hathaway’s Class A shares that Buffett owns, according to FactSet, is worth about $73.68 billion.

No less than five analysts surveyed by FactSet have price targets for Amazon that are above $1,000, the highest being the $1,250 target set by analyst Shyam Patil at Susquehanna Financial, which would make Bezos the first $100 billion man. Patil said he believes the stock can get there, given its secular strength in e-commerce and the cloud (hello, Alexa?), as well as its continued investment in digital content and the build-out of fulfillment centers.

———-

bezos is on the rise..we can see that everywhere..

“Bezos just leapfrogged the venerable Warren Buffett to become the world’s second-richest human, according to Thursday’s reading of the Bloomberg Billionaires Index. At $75.6 billion, Bezos is still worth $10.4 billion less than No. 1 Bill Gates”

follow the money?

401

Advertisements

~ by seeker401 on April 6, 2017.

7 Responses to “This could push Amazon’s Jeff Bezos past Bill Gates as the world’s richest human”

  1. Oh goodie, another gatekeeper and money launderer for the ‘government’ and their International Bankers. Warren is getting up there in age, and I’m sure they need a few more ‘made men’ to keep the money flowing all over the globe. Wonder how you get these positions…besides being related or selling your soul.

  2. Oh looks like Jeff made a pilgrimage of sorts.

    http://www.jewishpress.com/news/breaking-news/amazons-jeff-bezos-visits-israel-will-hire-600/2016/12/14/

  3. Reblogged this on World Peace Forum.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: