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Jeff Bezos At The Economic Club Of Washington (9/13/18)

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Amazon CEO and founder Jeff Bezos participates in the Milestone Celebration Dinner at the Economic Club of Washington in Washington, D.C. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC #CNBC #JeffBezos #Amazon Amazon CEO Jeff Bezos Live Interview at the Economic Club of Washington - Sept. 13, 2018 | CNBC
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Text Comments (299)
Owen Clements (1 day ago)
Only the super rich can save us now.
Glorious4K60FPS (2 days ago)
Some amazon employees get paid minimum wage.
Space Bike Music (14 days ago)
It's nice to work for or a company that can afford to hire so many people, pay well and provide all the necessary tools and amenities. Also i didn't get payed or told to say that, it really is my opinion
Space Bike Music (1 day ago)
+Glorious4K60FPS that's crazy. When wages go up, employees get laid off to offset profit loss. Amazon's wealth is not the same as Jeff Bezos' wealth. Amazon employees pay doesnt come from his pocket; it comes from the incoorporated business pocket. Bezos owns 16% of Amazon.
Glorious4K60FPS (1 day ago)
+Space Bike Music Amazon has 250,000 min wage employees, combined they earn 30 million a day. Bezos makes approx 200 million a day. Amazon could pay all of their min wage employees $30 an hour and it would still be chump change compared to what Bezos makes in a day.
Space Bike Music (2 days ago)
+Glorious4K60FPS comparing unskilled entry level labor to princeton grad entrepreneur multiple business owning ceo tho. Youre not supposed to be able make a whole living off of hourly entry level labor.
Glorious4K60FPS (2 days ago)
​+Space Bike Music Idk... A family of 4 in my state (Hawaii) can make up to $93,300 and still be considered low income. $23,400 (after taxes) doesn't seem like a lot. I think $200,000,000 a day is a lot.
Space Bike Music (2 days ago)
+Glorious4K60FPS which is $15 since November. Thats lot for unskilled entry level labor.
Helena Tomé (16 days ago)
He's really good. I thought he was "nuts" and I had to change my mind. They forgot we are not able to keep focus for more than 20 minutes. It was boring though he's good. Congrats.
Debbie R (22 days ago)
Jesus is the way to become rich........... He said ,"Trust me and all of your needs shall be met." Mathew 16 …25 For whoever wants to save his life will lose it, but whoever loses his life for My sake will find it. 26 What will it profit a man if he gains the whole world, yet forfeits his soul? Or what can a man give in exchange for his soul? 27 For the Son of Man will come in His Father’s glory with His angels, and then He will repay each one according to what he has done.…
A T (25 days ago)
I always think of myself as a smart educated person till I hear this man n Steve Jobs but it’s not just smartness. Philanthropy n caring about education n poverty. Love you !!!
Daniel Luna (27 days ago)
10:40 when he tries to throw his competitors off.
Death Viper (1 month ago)
He's truly number one man in the universe , not only at net worth ....
shawnc01980 (1 month ago)
Jeff, so smart, focuses on the child which in turn the millennials parent child spends money on the child and then, in tern, advertisers will focus on the child were more money will be spent on the child by parent. And in turn advertisers will spend even more money on the child and even more money will be spent on the child from the parent. as the cycle progresses more vaccines will be introduced more kids will be shot up with vaccines and more money will be spent on the child because more kids will get sick at a younger age and then more money will be spent on advertisement for the child and then the parents will spend even more money on the child for the child. Save the children.
Nikolay Britun (2 months ago)
Dudes , why making money is so gamn important for you anyway?
Jae West (2 months ago)
You can tell he was greatly influenced by Warren Buffett.
razzakksa (2 months ago)
Jeff bezos for president 2020?
M (2 months ago)
Is he the wealthiest person in the world? Or the wealthiest person in the world whose wealth is something that can be estimated/discussed publicly?
Deadman Fighting.13 (2 months ago)
Now he's paying $15 an hour, socialist dumbasses will think they did that. Meanwhile he's pushing for a federal $15 minimum wage, which will cause the entire market system to correct for the artificial price of labour. Once everyone else has to pay $15 jobs that are worth less than that will disappear, smaller businesses will go under, and the cost of goods and services will adjust (The large corporations will not take a loss) so the new fed minimum wage will mean nothing. Labour is a marketplace, it is subject to the law of supply and demand...
Artezanz (2 months ago)
2:22 incredible thought. We couldn't agree more.
martin nielsen (2 months ago)
Greedy pig. Hos about paying workers a better salary, hope his computer get hacked. “Efter skarp kritik hæver Amazon lønnen for med­ar­bej­dere i USA og Storbritannien” https://www.dr.dk/nyheder/udland/efter-skarp-kritik-haever-amazon-loennen-medarbejdere-i-usa-og-storbritannien
michaelaaronw (2 months ago)
At the Washington Post who is the customer? It's the CIA, err, I mean, the reader...
Randy C (2 months ago)
Way to go bozo!
Stephen Abracadabra (2 months ago)
26:27 who immediately Googled "Yosanta princeton" or "yosanta theoretical physicist" after listening to this story?
Stephen Abracadabra (2 months ago)
Dr. Yasantha Rajakarunanayake to be exact
Stephen Abracadabra (2 months ago)
It's Yasantha
Sultan Trader (2 months ago)
when the crash hits .. .there will be alot of money to be made
MrJunstin (2 months ago)
31:35
NoNee (2 months ago)
Why is the audio so low? 😐
ASDF123000 (2 months ago)
wtf is wrong with his ears
ASDF123000 (2 months ago)
jeff bezos the slave owner
BoxSquare Audio (2 months ago)
I stopped ordering from amazon when i found out employees are paid so low, peeing in bottles to keep a low wage job, living in rv's in the parking lot.. just too gross for me
Brendan (2 months ago)
The interview is clever. He definitely keeps Bezos on his toes :)
AllBecomesGood (2 months ago)
"My dad is my real dad, not my biological dad" - Nice :D
Chris Mitchell (2 months ago)
The interviewer made this interview
Scott France (2 months ago)
Wow! Heart and soul of a small company, he says?! Amazon is the epitome of our annihilating extractive economy. He is helming the most dangerous monopoly of our time...in so many ways. Putting a listening device in your home? Making you the user and unpaid employee, by feeding Amazon your personal information to be used for...??? Wake up. Are lower prices what you value most in life? HIs positioning of the Washington Post, of his late arrival to philanthropy (predictably hierarchical), etc. are duping a lot of people.
Jan fromOz (2 months ago)
The worlds biggest tax avoidance scam.
MortalZeus (2 months ago)
He remember X-Men Professor X (Charles Francis Xavier). Or Jeff might be Professor X himself.
Thezebraherd (2 months ago)
Honestly I kind of hate how amazon is overvalued as a stock but I love how humble and honest he is lol
Suhail Murtaza (2 months ago)
Tie looks awful
Young Entrepreneur (2 months ago)
People complain about Jeff Bezoz and bill gates not paying enough taxes, when they are doing good with the money more than the gov will ever do with it.
Young Entrepreneur (2 months ago)
Thanks for the respectful reply, most people online just attack you personally, but please don't tell me this will end up like on of those long debates online i really don't have the time for that, but here is quick reply explaining where i'm coming from, Jeff is li operating 100% under the law and paying people above minimum wage i don't hear anyone complaining about Mcdonald's paying people 10$/hour, Billionaires like Elon musk, Warn buffet,Bill gates and Jeff Bezoz are the ones who are sending rockets to mars curing diseases and feeding children in Africa, i still rather they keep the money if they earned it fairly rather than giving it to the gov to spend on another middle east war for Oil like they spent 5 trillions already.
Michael Kariuki (2 months ago)
Its nice to see that Mr Bezos is a regular Human being
Riccardo Danesi (2 months ago)
Am I the only one noticing that He has some throat problems?
Yash Gor (2 months ago)
Male "Sophia" Robot!
Santino Milanese (2 months ago)
How fat can he tie that knot of his tie?
Kenneth James (2 months ago)
It'd be a good look for his company to pay his employee's a wage they can live better on.
Kenneth James (2 months ago)
They dont make 18g and live in those countries man, We live in America where shts expensive. AND WHO KEEPS HIGHLIGHTING THESE REPLYs
Kenneth James (2 months ago)
Who really cares? Let's worry about restoring the middle class in America before we worry about some fishermen in West bumblefuc
Kenneth James (2 months ago)
Which people? Are we expanding to the whole worlds population now? I'm talking about America. And the guy on his $3 would be reading my comment furiously on his 4g mobile connection.
dubstep1994 (2 months ago)
Best interview with bezos I have seen to date
i mo (2 months ago)
lollol....a sri lankan....,,smartest guy at princeton...!! my cousin was a prineton math grad too///lolol...
Suteera Tak (2 months ago)
👏👏
Jeff Louzada (2 months ago)
Bezos for president
sithira fernando (2 months ago)
https://www.facebook.com/yasanthar
Adrian Stott (2 months ago)
please spend some of your giving on improving parenting
J Nada (2 months ago)
The media is an essential part of a democracy. The Washington Post, and most outlets today are plain a simple propaganda platforms for their own ideological bias. Denying that is being either naive or disingenuous.
555Trout (2 months ago)
I'd actually never listened to Bezos before. I like the man. Interesting, because he's been portrayed as so different than what my perception is.
Nick Mattio (2 months ago)
Bezos is a modern Ramses II wanting to erect the highest statues n temples in his image at the expense of his people
c c (2 months ago)
Amazon have thousands and bots to spread propaganda. Don't fall for it
Simulation (2 months ago)
Grateful for Amazon & Blue Origin providing the e-commerce needs of millions and inspiring us to expand into our solar system. Bezos is humble and speaks about heart/intuition along with science which is a very powerful combo.
Eric Fontaine (2 months ago)
A very humble yet entrepreneurial man.
Darren Pollis (2 months ago)
how long before jeff executive team is raping kids ?
Thrift Shop Hustler (2 months ago)
Great interview, love the grass roots up bringing.
Adam Tassone (2 months ago)
bezos sometime sounds like that radical turtle from finding nemo LOL
Angel Chavez - Investing For Mars (2 months ago)
All the broke people crying about him not paying his employees. Stop complaining and learn from his success instead of focusing on his “faults”.
ClassicHumour (2 months ago)
at 24' -- It's not Yoshantha, it is Yasantha Rajakarunanayake who is Senior Director of Technology at MediaTek in the SF Bay Area
SANTIAGO RESTREPO (2 months ago)
Moving out of the Solar system? jajaja poor Billionare and indoctrinated Space Cadet. Space is Fake. It does only exist in the imagination of Hollywood Disney and all the brain washed individuals that have fall for it since NASA faked the moon landings... All the money in the world can pay fir the consciousness awakening. Research #Flat Earth
Chase Rogers (2 months ago)
WHAT WAS THE PARTIAL DIFFERENTIAL EQUATION JEFF
Antonio Johnson (2 months ago)
This was awesome. Im truly inspired to keep building my own business.
Aditya Ghose (2 months ago)
Is he planning to run for presidency. Last 5 minute of this interview seemed so
Mellie Moss (2 months ago)
I wish the interviewer ask him ,if Mr.. Bezos prepared the company in case of tragic event happens to him,who will continue his legacy L/
Arthur Mirkunov (2 months ago)
Thanks!
Jonathan Edward (2 months ago)
Why is David Rubenstein not in the picture?
Maytane Winner (2 months ago)
The audio is so low i have to swallow my food whole just to hear it all lol
Ajinkya Ubale (2 months ago)
Maytane Winner nah just your speaker are broke
William P. (2 months ago)
The live chat replay comments are hilarious.
The Truth (2 months ago)
Great interview. Very helpful
Simona Ivancic (2 months ago)
Jeff Bezos is acutually greater than Amazon itself. great interview, and very honest, and open about most stuff
SvNVdOz (2 months ago)
absolutely great interviewer!
Shovelware (2 months ago)
Pim Fortuyn
sergio rocco (2 months ago)
His tie knot is huge.
knalle kalle (2 months ago)
Some people criticize Amazon/Jeff Bezos for their treatment of their employees. A way to solve this problem is to replace the workers with more efficient and compliant robots and drones.
knalle kalle (2 months ago)
Your mother and father should be punished for environmental pollution. You might redeem yourself if you sterilize yourself.
CMG (2 months ago)
The way your mother replaced your father with a drone that take AAA batteries?
Vore Real Estate (2 months ago)
He’s doing more than the owners of Walmart ever did but where’s their critics ? You know if it was one person instead of 4 they are worth double what Bezos is. Their greed is at another level and they’ve been doing it for decades. Give Bezos a break.
Paul Barrett - Alexander Technique (2 months ago)
Great info - Thanks
hpspidey (2 months ago)
38:57 Thats my ex-boss :)
I-IA/\/\ N (2 months ago)
2:48 - security. When they say jobs, zucherberg etc live in modest ordinary houses that’s true but that’s because they own the town. They know all the people living vaguely close great great grandparents.
2jzandy s (2 months ago)
I-IA/\/\ N I live right near Medina, where gates and bezos lives. They have their own police department for a neighborhood with a population of 1000 people. They track every car’s license place that enters the town with cameras. Also hidden cameras all around the streets. I drive through there a lot.
Rachel&John Hyatt (2 months ago)
Amazon should buy Walmart
Krishnan Unni Madathil (2 months ago)
Bezos comes across as an optimist. That is great, and is an inspiration. He obviously has fun with his work.
Matt Garcya (2 months ago)
whats the point for a credit card for him lmao
Richelle (2 months ago)
Bezos is okay but I am LOVING this interviewer!
Yun Zou (2 months ago)
David Rubenstein, is the co-founder of Carlyle Group, which is one of the top private equity firms in the world!
Peter Haberlehner (2 months ago)
David Rubenstein, billionaire and such a recognized figure in private equity field(high finance)
Jacob Woods (2 months ago)
We're so blessed to have people like Jeff, bill and elon alive, such inspiration!
hasan tarek (2 months ago)
world's oldest man. loved it !!!!!!
Dave K (2 months ago)
All those billions...still cant fix his eye
WHAT UP (2 months ago)
It's almost like I'm watching a late night comedy show. With all the crowd laughs. Sorta seems like a cult.
Juke Joint (2 months ago)
Bezos hasn’t created anything like Bill Gates. Bezos sells other people’s stuff and Gates came up with computer code. He is now starting his own FedX , UPS, DHL style package delivery company.
hhk khk (2 months ago)
Monopoly should be broken up
Deadman Fighting.13 (2 months ago)
The most scary thing here is the economic and financial illiteracy in the comments.
Heywood Jablome (2 months ago)
I can honestly deal with a _bit_ of bad grammar, but bad economics? NO!
Deadman Fighting.13 (2 months ago)
Correction~ Says a guy who owns no gaming system on his lunch break, at his own apartment.
Desmobrain (2 months ago)
It is very unfortunate but I suppose, it is not total surprise.
CMG (2 months ago)
Says Gameboy from his parents basement.
Scott Simmons (2 months ago)
Honestly so true
Ron Burgundy (2 months ago)
Yep...Amazon HQ2 is going to the other Washington.
Benjamin youngman (2 months ago)
Nikola Tesla stated that intuition was the highest form of intelligence ;)
Elon Musk (2 months ago)
Ray Gunsmith yeah there’s no difference between quality of life between a homeless 3 year old in Africa and Jeff Bezos. How do you quantify quality of life? Lol seriously wondering
Elon Musk (2 months ago)
Benjamin youngman yes. What should be learned from Tesla is to be reasonable in dealings. He ripped up his contract with Westinghouse over a petty disagreement that could have been resolved
Elon Musk (2 months ago)
Ray Gunsmith I laugh at the irony two men who uphold the importance of intuition and one ends up the wealthiest man in history and one ends up with nothing
Elon Musk (2 months ago)
Ray Gunsmith how do you quantify genius?
Benjamin youngman (2 months ago)
A lot of intelligent men do, i just think its interesting that the wealthiest man today has touched on a point that one of the most intelligent minds to ever lived also addressed. It is a shame that he struggled. Though it is more of a shame if we do not learn from him.
Bob Simmons (2 months ago)
Either pay your workers more or lower their work load you sociopath !
Steve Pelman (2 months ago)
Interested in homelessness while the middle class dwindles. he should invest in infrastructure that creates revenues for cities while allowing democratized access to homeowner and equity for the mid term economic stability. See TRamwaypods.ca or skyTran from NASA
Sean Jones (2 months ago)
This is a pretty good speech, however I think most economists would agree that amazon does hurt the economy in multiple ways. He should probably distribute that net worth to his employees, maybe he’ll keep it for himself for future investments.
hayekianman (2 months ago)
+Zelios to Sean
Zelios (2 months ago)
hayekianman are you replying to me or Sean?
hayekianman (2 months ago)
Clearly you labour under a lot of elementary misconceptions about how the economy works.its ok, it's not that intuitive
Zelios (2 months ago)
Sean Jones how does it hurt the economy in multiple ways? Honest question. Not disagreeing or agreeing with you. I just actually don't know.
Zach Jabri (2 months ago)
So many people are quick to criticize Bezos... but what I wonder is how many of the very same people shop on Amazon & have a prime membership who wouldn't give it up to shop elsewhere. I'm not hating on the guy either but rather, have a lot of admiration for him.
Zach Jabri (2 months ago)
Who you think you are to decide what rational purchases made by "the market" are is where I see myself out of this conversation. Bye bye Mark.
Zach Jabri (2 months ago)
Hey Mark, are you saying you stopped shopping on Amazon & use eBay exclusively because he became the world's richest man? Also, Bezos' plan is to reinvest into Blue Origin so that we can become a multi planetary species, as far as he claims, which is all one can go on. The point being, we & he might not ever really know the impact of what being able to do that means, but it sure is a better plan than what most humans are doing. Same thing applies to Elon Musk. The world's richest people didn't set out to become the world's richest people, they were just lucky to end up there. That comes with a level of responsibility you or I will never have to worry about. Happy shopping on eBay tho.
Gustavo Rojas (2 months ago)
his laughter came out! =) 31:40
Jerry Brainum (2 months ago)
It's curious that Bezos suddenly becomes charitable following intense criticism by Bernie Sanders and others concerning his treatment of low-level Amazon employees. And they are NOT being paid "market value" wages by any means. That is an idiotic statement, since market value would also include the ability of Amazon employees to have enough money to meet basic needs, such as housing and so on, which they do not. This newfound charity on his part is simply spin control to conceal his extreme greed and sociopathy.
Debjeet S (2 months ago)
no market value does not "also include the ability of Amazon employees to have enough money to meet basic needs, such as housing and so on." It only includes the most competitive price in the market for the jobs being performed.
Jesse Jackson (2 months ago)
Jerry Brainum they can quit and get and new job or just chose not to use amazon.
David Igandan (2 months ago)
Jerry Brainum market value does not mean you pay your employees enough to feed themselves, it simply means the most competitive price for amazon
surgicalcaps .com (2 months ago)
WOW
XOP Capital (2 months ago)
I'd rather have a beer (or joint) with Elon.
Youtube Uploader (2 months ago)
I think Jeff Bezos is Lord Voldemort.
djmalinda (2 months ago)
Go Sri Lanka!!!!!!
Jason Chan (2 months ago)
Bezo has the biggest rich man's laugh
Kyler Walls (2 months ago)
We need to stop Bezos, just ask Bernie Sanders. He'll tell ya
J Silva (2 months ago)
Stop using amazon