Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

Longreads – profile and commentary on one of the richest people who have ever lived

The Billionaire Philanthropist – “It is an American tradition for CEOs to stockpile their wealth, avoid taxes, then in their later years, participate in the theater of giving. Will Jeff Bezos make it scale?..During the political chaos of the last year, one American institution has emerged stronger than ever. As its revenues soared, Amazon’s stock price has steadily ascended, cresting $1,500 and beyond. Jeff Bezos, the company’s founder and CEO, has experienced what The New York Times described as “what could be the most rapid personal-wealth surge in history.” His net worth hovers somewhere around $130 billion. His 400,000 acres in land holdings — much of it in west Texas, where Blue Origin, his space company, is based — makes him the 28th largest landowner in the country, according to the magazine The Land Report. By any standard, Bezos is one of the richest people to have ever lived, while Amazon exerts an impossible-to-overstate influence on a range of fields, from retail to publishing to cloud computing. As part of the highly touted HQ2 contest, twenty North American cities — finalists winnowed from a list of hundreds of applicants — are falling over themselves to offer tax breaks and other inducements so that Amazon will choose their municipality for its next headquarters. The power of Bezos, and Amazon, seems unbridled…”

Sorry, comments are closed for this post.