Business

Jeff Bezos can buy every US household a new ‘big screen TV’ and still have more money than Mark Zuckerberg


Amazon.com Inc. (NASDAQ: AMZN) founder Jeff Bezos made clear predictions about the US economy. billionaire told his followers on Twitter to “knock down the hatches” last month in response to a CNBC clip of Goldman Sachs CEO David Solomon predicting a likely recession.

Bezos reiterated his prediction earlier this month in an interview with CNN The probabilities say that if we’re not in a recession right now, it’s very likely that we’ll be in one soon. He went on to say that “if you are an individual thinking of buying a big screen TV, maybe slow down. Keep that cash; See what happens.”

This may be sensible advice, especially coming from the world’s fourth-richest individual.

How rich is Jeff Bezos? Forbes has an entrepreneur’s net worth estimated at $116 billion. That’s enough money to buy every American household the big-screen TV he urges people not to buy, and still has enough left over to be worth more than Mark Zuckerberg.

The United States has about 131.2 million households. With the current sale price of $299.99 on Amazon for this product Amazon Fire TV 55″ 4-Series 4K UHD Smart TVplus a 6.5% sales tax in Washington, Bezos can buy all 131.2 million US households a big-screen TV for a little under $42 billion.

The purchase would leave Bezos about $74 billion — nearly $34 billion more than Mark Zuckerberg’s $40.2 billion net worth — and remain the 13th richest person in the world.

If Bezos decided he didn’t need to keep all of his $74 billion to live on, he might even buy this 32 inch Insignia Fire TV for another $99.99 per household as an additional TV for the kid’s or living room. It would cost him just under $14 billion more and still make him almost $30 billion richer than Zuckerberg.

While Jeff Bezos has the ability to buy new TVs for the entire country, it won’t be as easy as clicking the “Buy Now” button and the new TV will be on everyone’s doorstep.

Amazon is sure to run out of stock before even a small portion of orders are fulfilled, and the company will likely be preoccupied with the impact of the stock price plunge as Bezos has to liquidate his holdings to save money. cash receipts.

That is unless he puts it all on Amazon Prime Visa card bonuswill even give him 5% cash back on the entire purchase.

Continue reading: Jeff Bezos-backed startup lets you be a host for $100

Don’t miss real-time alerts on your stocks – join Benzinga Pro free! Try the tool that helps you invest smarter, faster and more efficiently.

© 2022 Benzinga.com. Benzinga does not provide investment advice. Copyright Registered.

news7f

News7F: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button