how's it going today guys I hope you're
having a fantastic day so in this video
here I thought it might be interesting
much the CEO and founder of Amazon Jeff
Bezos made each hour in 2017 and to be
honest with you guys it's a number that
is really difficult to wrap your head
around and so I'm going to be comparing
it to the average amount of money
somebody makes in the United States in
one year compared to what Jeff Bezos
made in that year instead so based on
the most recent figures that I could
find Jeff Bezos effectively has seventy
eight point eight three million shares
of Amazon stock so what we're going to
be doing is looking at how much money he
made just from the share price
appreciation of Amazon stock in 2017
alone and that's not counting the insane
rally we've seen in Amazon stock already
in 2018 so let's go ahead and see how
much money Jeff Bezos made just from the
appreciation of the shares of Amazon
stock that he already owns so on January
3rd of 2017 the first official trading
day of that year Amazon stock closed at
seven hundred fifty three dollars and 67
cents per share and on the final trading
day of 2017 on December 29th Amazon
stock closed at eleven sixty nine forty
seven per share so in 2017 alone Amazon
stock increased by four hundred fifteen
dollars and eighty cents per share
so effectively Jeff Bezos made four
hundred fifteen dollars and eighty cents
per share of Amazon stock that he owned
in 2017 so there's a lot of people who
were happy about the growth of Amazon
stock in 2017 I certainly was as I was a
sure holder during that time but I don't
think anybody was as happy as Jeff Bezos
was based on how much money he made in
that year alone so as we said Jeff Bezos
owned seventy eight point eight three
million shares of Amazon stock and each
share went up by four hundred fifteen
dollars and eighty cents per share in
2017 that means that Jeff Bezos made
thirty two point seven eight billion
dollars in 2017 now I don't know about
you guys but that's a number that I
can't even wrap my head around and so
the easiest way to figure this out is to
figure out how much Jeff Bezos made per
hour in 2017 assuming he worked a
40-hour workweek like most people do
now as the CEO and founder of Amazon I'm
sure he works a lot more than 40 hours a
week but if he worked just 40 hours per
week Jeff Bezos made fifteen point seven
six million dollars every single hour in
2017 alone just from the share price
appreciation and like I said guys that's
honestly a number that's hard for me to
even wrap my head around if you think
about the fact that most people will
make I don't know three to five million
dollars in their lifetime if they're
lucky that is what Jeff Bezos made in
one hour he made more than most people
will ever make in their entire lifetime
unless they are very successful and very
well-off that is how much Jeff Bezos
made in 2017 so just to put that into
perspective for you the average person
in the United States makes a salary of
around $35,000 so for every dollar that
the average person makes Jeff Bezos
makes nine hundred thirty-six thousand
dollars so what that basically means is
for your I to go spend a dollar Jeff
Bezos could spend just about 1 million
dollars and pretty much be unaffected
but there is one thing we have to talk
about here and that is the fact that
Jeff Bezos didn't necessarily sell his
shares of Amazon stock in 2017 because
he still owns them and the only way he
would have actually made that money is
if he sold the stock and recognized
capital gains so no Jeff Bezos is not
sitting on billions of dollars in cash
he's not gonna make that money until he
sells his shares of Amazon which I don't
imagine he's going to be doing anytime
soon his actual compensation on the
books for 2017 was a salary of just over
eighty one thousand dollars and one
point six million dollars in
compensation of Amazon stock but anyways
guys that's gonna wrap up this video I
thought it'd be interesting to actually
sit down and figure out how much Jeff
Bezos made in 2017 alone and by the
looks of it he's gonna do just as well
if not a lot better in 2018 based on the
way that that share price is just going
like crazy but thank you guys so much
for watching this video if you enjoyed
it make sure you drop a like and share
it with somebody else who might be
interested and I will see you in the
next video
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