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With the recent increased minimum Amazon wage to $15/hr, Jeff Bezos only earns 2.33 times as much as an average Amazon employee.

New York(CNN Business)Jeff Bezos, the richest person in the world, has made the same $81,840 salary for two decades. He has a mansion up the street from Bill Gate’s waterfront palace in Medina on the shores of Lake Washington.

The amount Amazon (AMZN) pays to keep its master is just $81,840  in salary plus $1.6 million in security-related services.  The salary is not much and even the security would not pay for a weekend of golf by Prez Trump! 

Not only is $81,840 modest, Amazon says Jeff has never received any stock-based compensation. Bezos doesn’t need it — he already owns 16% of Amazon, a stake worth more than $100 billion.

That is very cool in comparison to other barons of this tech gilded age. Steve Jobs took just $1 every year (except for 2001, when Apple gifted its founder a private jet plane. Google founders Larry Page and Sergey Brin also only take $1 a year each. Former Oracle CEO Larry Ellison used to take $1 in salary.  Still, unlike Jeff many of these poobahs rank as among America’s highest-paid CEOs because they got paid in stock awards.

Jeff’s salary is, to be blunt,  peanuts.  

 Jeff was not always paid even this much.  Amazon paid him $64,333 in 1996 rising to $80,000 in 1997.  These meager wages compare well with the median Amazon employee, a warehouse worker, who got to take home $28,836 in 2018. But, now that Amazon raised its minimum wage to $15 an hour, the median salary for Amazon is $35,096 .


0 Comments Add Yours ↓

  1. Roger Rabbit #
    1

    If he can’t get more than $86k out of the company for his responsibilities, he should join a union.

  2. theaveeditor #
    2

    His real income is in the untaxed value of his shares. Same for Buffet. The latter made at lear 1.4 billion last year in untaxed wealth increase. Who needs a salary?



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