Amnorix |
01-09-2019 04:04 PM |
Quote:
Originally Posted by Rain Man
(Post 14021086)
Sometimes these wealth things befuddle me a bit, though. He owns a lot of Amazon stock that would be worth that much if he sold it. But he hasn't sold it, and it doesn't pay a dividend at all. So that wealth is not generating any income for him, right?
Now, in an extreme case like this he could be selling $500 million a year of stock to generate income, and it'll last his whole life. But he's still selling the stock to do that, which is selling an asset. The other $136.5 billion isn't making him a penny to cover his day to day living csts if I understand it right, unless there's some accounting chicanery you can do when you're rich like that.
If the guy wants to retain control of the company, maybe he'll have to get a night job at Chick Fil A or something.
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Yeah, it gets complicated under these circumstances. The control aspect is the only one Bezos should really care about. Certainly his wife shouldn't get a seat on the board and have as much influence as she would nominally be entitled to if she owned X% of the company.
My assumption, since it sounds like everything is amicable, is that they are structuring around this somehow. Let's face it, nobody "needs" anywhere near $70 billion in cash, so maybe there is a contract that he will pay for her expenses up to, whatever, $1 billion per year, and that otherwise the stock transfers to her upon his death. I have no idea. I've never even thought about how to handle soemthing crazy like this.
You might be able to do something clever involving putting the shares into a trust where she gets the economic benefits of the stock while he retains voting control. Maybe. Nuts.
I'll post about a FAR worse situation.
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