Fine, 30b in his bank account and 120b in his portfolio. All of that money was at one point in a consumers pocket and now sits removed from the wider economy in one of Jeff Bezos accounts for the sole purpose of furthering future growth of these accounts by further extraction of money out of the wider economy.
How would the accounts grow if they weren't doing something that created wealth, i.e. generated value for the economy? They're re-invested in other companies, to be put to good use.
Generated value for whom? The size of amazon? To be put to good use figuring out more ways to eavesdrop information for advertising? They aren't going to pay their workers who piss in bottles any more if they beat earnings, although the shareholders might have some big ticket purchases in mind. It is still money removed from consumers pockets and used to inflate the company, and only very few people in the company benefit from that ballooning.
I'm sure amazon does provide value to it's customers, but it was at the expense of consuming and destroying local small business economies where the profit would have stayed and been spent there, not in Seattle, not on exotic mansions and watercraft, not on the latest Echo endeavor that may or may not ever come to fruition. Just as Nestle bottles water from local aquifers and sells that water elsewhere outside of that watershed, eventually depleting the aquifer, Amazon takes local wages away from the economy and either sits on this pile of cash or on lavish compensation for the few at the top of the company.
If people choose to purchase through Amazon, it's generally because they provide a better experience (i.e. more value per dollar spent) than their competitors.
Sitting on cash is expensive, due to inflation and taxes. It's generally better to re-invest. People are generally compensated as a function of the value they add to the company. If someone else can do a better job for less money, it would be in the board's best interests to hire them.
I do agree, though, that unwise expenditure of resources (mansions and watercraft, et all) should be criticized, though not high net-worth per-say. The problem, though, is that the common man is also guilty of unwise expenditure of resources. E.g. taking a vacation instead of providing life saving vaccines.
