Untouchable Amounts of Wealth

Jeff and MacKenzie Bezos own 16%* of Amazon.

Assuming Amazon goes up 10% tomorrow and the rest of the S&P 500 is unchanged, their stake in Amazon would be worth more than 0.5% of the entire index.

Will the Bezos family fortune last forever? It’s hard to imagine it going a different way, although there is some precedent for American royalty losing it all.

Cornelius Vanderbilt was once worth $5 billion, but when his descendants had a family reunion a century later, there wasn’t a millionaire among them.

Unless Amazon implodes in Jeff and MacKenzie’s lifetime, it’s likely that future generations will be rich forever. Suspend reality for a second and assume they sold all their shares tomorrow at the market, and then they put all of the proceeds into a money market account yielding 1.8%. That would kick off about $3 billion a year.

$3,000,000,000 a year.

That doesn’t need to be put into perspective, no sinks need to be let in. You get it. It’s too much money to spend.

Josh and I spoke about all this and more after they announced earnings, check it out.

*I know they’ve sold stock since this article was written, but close enough.


(Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers click here.)