Richest Man in History Forced to Give Back
The coronavirus pandemic that’s still sweeping the globe has put millions of people on financial life support.
Unemployment in the U.S. is improving but still close to all-time high levels. People who didn’t have a care in the world last year are struggling to buy food and keep a roof over their heads.
But at the same time, according to the Bloomberg Billionaires Index, the world’s richest people have added a combined $809 billion to their bank accounts.
No Man Is an Island, But This One Could Be a Country
And no one has benefitted more than the richest person in the world, Jeff Bezos. The Amazon CEO started the year with a little more than $100 billion, a staggering figure for sure.
But so far this year, despite the global economy still being in a recession it may take years to climb out of, he’s nearly doubled that wealth. As of last month, Jeff Bezos became the first person in history to reach a net worth over $200 billion.
That’s obviously a lot of money, but let me give you some comparisons to really put it in perspective.
His net worth is about equal to the GDP of the entire country of New Zealand ($204 billion). For reference, New Zealand has a population of nearly 5 million people and more than half a million companies.
It’s bigger than the government budgets of Norway ($198 billion), Turkey ($190.4 billion), and Argentina ($161.1 billion).
In fact, his net worth is only less than the annual budgets of 22 countries. He’s got the other 200 or so beat.
And just this year, he’s added more money to his bank account than Ireland collects in taxes each year from its 5 million residents and over 250,000 businesses. That number is a paltry $85 billion.
His net worth is higher than the market cap of 56 of the worlds’ top 100 companies...
That’s a lot of money for one person. And that could be the reason Jeff Bezos is being forced to give some of that money back...
The Billionaires’ Pledge
You might not remember, but about 10 years ago, a bunch of billionaires got together and signed a pledge to give at least half of their net worth to charity.
The list included Warren Buffett, Elon Musk, Mark Zuckerberg, and Jeff Bezos himself.
Fast-forward to the present and the only person on that list who’s made any sizable donations is Warren Buffett. And Jeff’s ex-wife gave a ton of money to charity.
But the rest of them are just sitting back in some “Scrooge McDuckian” vault counting their billions.
If they had actually made good on their pledge, charities wouldn’t be staring down the barrel of the largest funding deficits in history.
I get it. It’s easy to promise to do something; it’s a lot harder to actually do it.
But the thing is: When you promise to do something, you have to do it. At least that’s how it works for the rest of us.
When you’re rich enough to control the narrative, you can promise the world and deliver a big pile of nothing and nobody will care.
But it finally looks like at least one of those folks is going to have to put his money where his mouth was when he signed the pledge.
And this year, Jeff Bezos is being forced to give back over $1.7 billion!
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Everybody Gets a Payout!
He’s not channeling his inner Oprah and giving away prizes out of the kindness of his heart (and to be honest, I’m not sure she’s giving stuff away completely out of kindness either, but I digress).
But Jeff Bezos is making payments to everyone who wants one this year. He has to in order to keep his e-commerce empire afloat and keep his massive fortune growing.
You see, it costs tens of billions of dollars every year just to keep Amazon functioning. And without Amazon, Jeff Bezos is just another bald 50-something divorcé from Seattle.
So, he’s willing to pay whatever it costs to make sure he gets to keep his elite status. He just considers it financial grease for the gears generating his prosperity.
And some of that grease drips off the gears and lands on some palms that need greasing, too.
America is a very transparent country, one of the most transparent in the world thanks to our Constitutional freedoms, but there’s still corruption going on behind closed doors.
So, it's probably no surprise to learn that some palms are getting greased along with the gears to keep Amazon the behemoth it’s become.
But it is probably surprising to learn you can get your palm greased in the process — even if you’ve got no role to play in Amazon’s growth.
It’s a legal loophole that lets you collect as much as $48,000 a year (or more) in extra income. You’ll pay taxes on it, but the rest is yours to keep. And nobody can come take it away from you.
A Storied Past, A Bright Future
And the thing is... this isn’t the first time Bezos has been forced to shell out some of his massive fortune. It just might be the first time you’re hearing about it because he likes to keep it as secret as possible.
But the payments have been coming for years and have gotten bigger in every single one. My investors and I have been collecting payments from Jeff for about three years now.
The first year, we split about $1.48 billion. The second, our total payout was worth even more and came in at $1.51 billion. Last year, it grew even bigger, totaling around $1.58 billion.
And this year, if my conservative calculations are correct, the overall payout will be worth a whopping $1.7 BILLION!
They just keep growing and growing, and there’s no sign it’s stopping anytime soon.
And the next payments are about to get sent out to everyone who gets on the list before the deadline hits... next week.
Like But the Present
That’s right. The next round of Bezos bucks is going to be allocated next week. And if your name isn’t on the list by the close of business on September 14 (that’s Monday), you’re going to be out of luck.
If you’re even one second late to this party, you have to wait for the next one.
So, I’m imploring you to take a little time out of your Friday afternoon and learn how you can get your name on this round of checks.
My colleague and I put together a presentation to help explain things to our investors. And we’d like to share it with you, as well.
Just click this link and you can check it out.
It’ll only take a few moments of your time and it’ll help you secure your share of the $1.7 billion Jeffrey is paying out this year. I can’t think of a better ROI than that.
But if you’re in even more of a rush to get on the list and get your weekend started, you can read our special free report that includes all the same information.
You can get to the free report by clicking here.
As usual, I really don’t care how you get the information. I just care that you get it because I want to see your name on the next list of checks that get sent out.
Monday is basically tomorrow since we can’t do any business over the weekend.
And the next round of payouts gets calculated on Monday. If you’re not on the list, you’re not getting a check. Plain and simple.
But if you take my advice, learn more about this opportunity for steady income payments, and get yourself set up to collect them...
If you do all that, you could become one of the folks I write about who’s cashing checks worth $48,000 or more, year in and year out, courtesy of Jeff Bezos.
To your wealth,
After graduating Cum Laude in finance and economics, Jason designed and analyzed complex projects for the U.S. Army. He made the jump to the private sector as an investment banking analyst at Morgan Stanley, where he eventually led his own team responsible for billions of dollars in daily trading. Jason left Wall Street to found his own investment office and now shares the strategies he used and the network he built with you. Jason is the founder of Main Street Ventures, a pre-IPO investment newsletter, and co-authors The Wealth Advisory income stock newsletter. He also contributes regularly to Wealth Daily. To learn more about Jason, click here.
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