Why Billionaire Jeff Bezoz Annual Pay Is $81,000 - Celebrities - Nairaland
Nairaland Forum › Entertainment › Celebrities › Why Billionaire Jeff Bezoz Annual Pay Is $81,000 (606 Views)
| Why Billionaire Jeff Bezoz Annual Pay Is $81,000 by Casper21(op): 11:17am On Jul 22, 2020 |
Jeff Bezos is the richest person in the world, even though he makes $81,840 a year, CNN reports. He’s made that salary for the last 10 years, according to CNN. Bezos has never taken a stock award, either, since he owns 16 percent of Amazon, which is worth $100 billion on its own. Yes, but: Amazon has paid millions of dollars per year to protect Bezos. For example, Bezos received $1.6 million last year for security-related services and business travel. According to Amazon, the security costs are "especially reasonable in light of his low salary and the fact that he has never received any stock-based compensation." Every Vacation, business trip, expenses are been funded by Amazon. They make sure that their CEO is comfortable by all means, even though his annual pay is low for a billionaire that rakes in Billions Evey year. His salary is volatile because he would be mad to remove money from the company permanently. Amazon offers no dividends, so your returns on stock are reliant solely on its fast growth. I would say his 16% stake in Amazon accounts for millions and millions in dividends a year. Bezos still makes a lot of money. In fact, his net worth sits at about $185.6 billion. According to Quartz, he makes the annual salary of a $15-an-hour Amazon employee every 11.5 seconds. Amazon started offering employees a $15 minimum wage last year. Bezos has now challenged other companies to offer a competitive wage, according to The Verge. “Today I challenge our top retail competitors (you know who you are!) to match our employee benefits and our $15 minimum wage,” Bezos wrote in a letter to shareholders. “Do it! Better yet, go to $16 and throw the gauntlet back at us. It’s a kind of competition that will benefit everyone.”
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| Re: Why Billionaire Jeff Bezoz Annual Pay Is $81,000 by Xclusiveme: 11:28am On Jul 22, 2020 |
Mark zuckerberg aswell collects $1 annually. Seriously these guys are really helping the world. An African rich man can't do that |
| Re: Why Billionaire Jeff Bezoz Annual Pay Is $81,000 by Michealky: 11:31am On Jul 22, 2020 |
I heard about it last year. Before Jeff Bezoz can take money from the company, the board of directors must approve. Lol. That just reminds me of Empire movie. Nawa o, My company my sweat and I still have to ask to collect what is Mine? That's business for u |
| Re: Why Billionaire Jeff Bezoz Annual Pay Is $81,000 by Casper21(op): 11:36am On Jul 22, 2020 |
Michealky:Lalasticlala seun |
| Re: Why Billionaire Jeff Bezoz Annual Pay Is $81,000 by tutudesz: 12:02pm On Jul 22, 2020 |
Xclusiveme:It's to avoid paying double tax to government (personal and Taxes on his Facebook shares). This guys are outsmarting the government with their annual take home to enjoy low interest rate on car loan, home loan, etc. All tech billionaires are into this scam. Your personal income tax of $1 annually will reduce your tax very well
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| Re: Why Billionaire Jeff Bezoz Annual Pay Is $81,000 by SonofLincoln: 12:20pm On Jul 22, 2020 |
Xclusiveme:it's for tax purposes. Most CEO of Fortune 500 Companies do that. |
| Re: Why Billionaire Jeff Bezoz Annual Pay Is $81,000 by Nobody: 1:59pm On Jul 22, 2020 |
I'll have my own ![]() |
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