What Bezos spending $2 billion would really feel love to the common American

Lindsey Wasson | Reuters

Amazon founder and CEO Jeff Bezos speaks on the new Amazon Spheres opening tournament at Amazon’s Seattle headquarters in Seattle, Washington, U.S., January 29, 2018.

Envision an international the place attending Princeton College prices you about two quarters and staying in probably the most sumptuous accommodations in Dubai for per week would price not up to a nickel. That is the fact for the Amazon CEO and lots of of his wealthy opposite numbers, moderately talking.

On Thursday, Jeff Bezos introduced his new $2 billion “Day One Fund” to create preschools and assist homeless households. At a web price of about $164 billion, consistent with Bloomberg, Bezos is the wealthiest individual on the earth. The common American’s median family general wealth is $97,300, consistent with Federal Reserve 2016 knowledge (newest to be had).

So, for Bezos, the whole thing is on a grander scale. Spending $2 billion on a noble purpose would in reality really feel like spending $1,187 for the common American.

To position Bezos’ wealth in even higher standpoint, take a look at the next record of 8 purchases. The left column displays the actual price of every acquire Bezos would pay. The fitting column will provide you with an concept what that price feels love to Bezos, in response to the median family general wealth for American citizens.

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