Masayoshi Son went from around $2 billion in early 1995, to $77 billion by the peak in late 1999 / early 2000 or so.
Yasumitsu Shigeta was worth $42 billion briefly in February 2000, up from $1 billion a year earlier. Then basically lost it all just as fast. For just a one year gain, he might hold the record (Bezos is up $29 billion year to date).
Amazon P/E is basically in the clouds.
They and Telsa in some ways are basically impossible to value.
So, people make difficult guesses.
Though I agree that because AMZN could probably simply 'turn on profit' at any time, and so the classical P/E is not a great measure ... at the same time ... a small dip in something could ruin them.
It only takes just a little bit of return to 'normal P/E' to wipe most of that out.
It's all emotion and intellectual pontification right now, and that's a crazy place to own a stock.
I'm confused—Amazon is profitable already, no?
Massive revenue, tiny profit.
So, this makes their P/E ration quite massive and crazy as well.
Usually companies are based on the present value of all future earnings, kind of implying a P/E multiple of like 8 or 25 or whatever. Amazons is crazy high.
This is because it's assumed that Amazon could, at any time, start declaring massive profits, but they chose to re-invest instead.
Does such a person ever wake up, and wonder how the dice rolled so amazingly in their favor?
Or do they wake up and stand proud, recognizing that they are so successful because of their own hard work and intelligence?
Do they ever think about how insane life is that they ended up with 94 billion, while some people are starving?
I'm not making any moral projection here. I'm not saying there's anything right, or wrong, about that situation. I'm just genuinely curious what it feels like to be in their shoes.
How did you wake up this morning?
Also not making a moral projection here. We just tend to look up instead of down.
More likely they wake up thinking about how to further weight dice rolls into their favour, even those stretching years into the future.
I'm just genuinely curious what it feels like to be in their shoes.
The contemplation of this question satisfies ones need for introspection. Whether it's Bezos, or someone you are not there is great value in trying to answer this.
Struggle and pain and want is cleansing. Constant success can be a house of cards for children.
Wealth, enormous, is a burden. Just making it is freedom. Imo.
As he cant understand our life anymore we cant understand his.
I know he is basically guaranteed to be running all of these sales off a sale schedule set far in advance for obvious reasons. However, I'd probably be doubling up those $1 billion sales until/unless this market gives out.
Raising $6 or $10 billion - enough to fund Blue Origin for maybe a decade - by selling out of a $94 billion base, sure beats doing the same out of $26 billion (where his net worth was at just ~33 months ago).