It’s all relative

That guy from Amazon has been out shopping.

Jeff Bezos Sets Record With $165 Million Beverly Hills Home PurchaseBloomberg
News of the sale emerged just days after filings showed Bezos cashed out $4.1 billion of Amazon shares and comes amid reports that he’s also entered the art market. He reportedly set a record for artist Ed Ruscha at a Christie’s auction with a $52.5 million purchase of “Hurting the Word Radio #2” in November and also bought “Vignette 19” by Kerry James Marshall for $18.5 million.

Sounds like a lot of money, right?

Jeff Bezos bought the most expensive property in LA with an eighth of a percent of his net worthThe Verge
It is literally impossible to imagine just how rich the wealthiest people on the planet are. The difference between their bank accounts and yours — yes, you, the person reading this — is that they can spend the monthly interest on their holdings and buy things like airplanes and islands. It is probably important to note here that Amazon paid zero dollars in federal income tax on $11 billion in before-tax profit in 2018; this year, it will pay out $162 million on $13.3 billion in profit — a whopping 1.2 percent effective tax rate.

An eighth of a percent? It’s all relative, as this interactive graphic from The Washington Post, very cleverly demonstrates.

What Michael Bloomberg’s $11 million Super Bowl ad would cost you on your budgetWashington Post
Very few of us can comprehend what it’s like to be uber-wealthy like Mike Bloomberg, one of the richest people in the world and a Democratic presidential candidate. For example, the former New York mayor spent $11 million of his own money on a 60-second Super Bowl ad. How much money would that mean to you? Let’s put the finances of the ultra-rich into the context of everyday life.

its-all-relative

(via FlowingData)

Author: Terry Madeley

Works with student data and enjoys reading about art and design, data, education and technology.

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