The biggest winner of the Donald Trump era is Jeff Bezos, the president's enemy



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In the United States, investor Warren Buffett, who added 19.5 billion US dollars over the same period, is the closest to the Trump era gains from the head of the US. Amazon.

The success of Bezos and Amazon has made the tycoon and his company a key player in American society. At Sunday's Super Bowl, Bezos met with NFL Commissioner Roger Goodell while Amazon was broadcasting ads for his Alexa service, starring Harrison Ford.

A Washington Post The advertisement reported by Tom Hanks celebrated American journalism with the sharp line: "Knowing how to keep us free."

President's son, Donald Trump Jr, is mocked at the announcement of the Post on Twitter.

Bezos' wealth has exploded since the president took office, with a net worth of $ 63.9 billion since Trump's inauguration. As a reminder, only five other men on the planet – Gates, Buffett, Arnault, Mark Zuckerberg on Facebook and the Spanish clothing retailer Amancio Ortega – are worth more than 63 billion US dollars.

The huge gains were drawn almost exclusively by Bezos' holdings in Amazon. Even though the company's shares have fallen after a forecast of below-expectations growth, Amazon shares have risen 107% since polling day, at the close of trading on Friday.

During morning trading in New York on Monday, Amazon was up less than 1% at 10:32.

Amazon can benefit from Trump's administration

Although Amazon's low-margin e-commerce business has evolved, the company has added faster growing and more profitable lines. The company dominates cloud computing and benefits from a fast transition of companies toward leasing computing power and data storage space rather than maintaining their own facilities.

You know how MSM journalists could avoid spending millions of dollars on #super Bowl commercial to earn undeserved credibility?

How about reporting the news and not their left BS for a change.

– Donald Trump Jr. (@DonaldJTrumpJr) February 4, 2019

Digital advertising has recently become a new profit center, as the technology giant exploits its detailed data on consumer buying behavior and its position as the leading web market.

Trump's threats have been hitherto unused. The federal government has not launched any antitrust lawsuits against Amazon.

The urge of the US president to ask the US postal service to charge more for parcel delivery (based on his belief that Amazon has an expensive deal costing the government money) n & # 39; 39, resulted in a report from the Treasury Department proposing rates for postage increases. The report did not provide explicit instructions on how much more the postal service (which maintains that it does not lose money on Amazon shipments) should bill.

In the meantime, Amazon is expanding its own distribution infrastructure, reducing its dependence on any provider.

How the fortune of Jeff Bezos grew up under Donald Trump. Bloomberg

If anything, Amazon could benefit from Trump's administration. The company presents its facial recognition software as a tool for the immigration and customs control agency, positioning itself to take advantage of the president's crackdown on illegal immigration .

The Trump Defense Department's decision to give a single contractor $ 10 billion worth of cloud computing is expected to greatly benefit Amazon Web Services when the award is awarded later this year. Bezos 'competitors – including Oracle Corp – bitterly protested against the Pentagon' s approach, calling it unfair.

the Washington PostThe investigations of Trump and his administration have largely attracted the attention of the newspaper Bezos. Although the private company does not disclose the financial results, the publisher Fred Ryan said early 2018 that the newspaper had made profits for a second consecutive year.

In recent weeks, Trump has seized more personal criticisms against the founder of the Amazon. When the government closed in early January, Trump seemed to welcome the announcement that Bezos was divorcing his wife, MacKenzie, after 25 years of marriage.

The CEO of Amazon, Jeff Bezos. Emmanuel Dunand

"It's going to be a beauty," said Trump – himself familiar with the messy divorce regulations – about the news.

A consolation for Bezos: even though his wife has half of his badets – a possibility provided by the law of the state of Washington, which provides for the equal division of property acquired during the marriage by a divorce – the head of The Amazon will still be as rich as it was the day Trump was elected.

Bloomberg

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