The market value of Amazon is circa $1T, meaning that it has managed to capture at least that much value, and likely produced much more consumer surplus.
I’m confused about your assessment of Bezos, and more generally about how you assess value creation via businesses.
My core concern here is counterfactual impact. If Bezos didn’t exist, presumably another Amazon-equivalent would have come into existence, perhaps several years later. So he doesn’t get full credit for Amazon existing, but rather for such an org existing for a few more years. And maybe for it being predictably better or worse than counterfactual competitors, if we can think of any predictable effects there.
Both points (competitor catch-up and trajectory change) also apply to the Google cofounders, though maybe there’s a clearer story for their impact via e.g. Google providing more free high-quality services (like GDocs) than competitors like Yahoo likely would have, had they been in the lead.
For companies that don’t occupy a ‘natural niche’ but rather are idiosyncratic, it seems more reasonable to evaluate the founder’s impact based on something like the company’s factual value creation, and not worry about counterfactuals. Examples might be Berkshire Hathaway and some of Elon’s companies, esp Neuralink and the Boring Company. (SpaceX has had a large counterfactual effect, but Elon didn’t start it; not sure how to evaluate his effect on the space launch industry.) I’d be interested in a counterfactual analysis of Tesla’s effect on e.g. battery cost and electric vehicle growth trend in the US / world. (My best guess is it’s a small effect, but maybe it’s a moderately important one.)
I enjoyed this post—I’ve wanted a scope-sensitive news source for ages.
A resource I really like for getting a sense of what the world looks like “on average” is Dollar Street, which puts together info and images about households around the world. They estimate household income, so you can see what life at different income levels is like.