Jeff Bezos Becomes World’s First Person Worth $200 Billion | 22 Words

Numerous reports have been coming in about Jeff Bezos' already staggering wealth that suggests he could very well be earning a never-before-earned salary...

Jeff Bezos is the wealthiest man in the world.

The title all of us dream of one day acquiring.

For years now, Bezos has been topping the official list of our world's billionaires...

The only man close to matching Bezos' eye-watering net worth is Microsoft co-founder, Bill Gates, who is worth around $114 billion.

But, this week, his wealth has skyrocketed to a whole new level.

Multiple reports have been claiming that Bezos' already handsome net worth has increased dramatically...

And it has made his wealth a world first.

Here's what we know.

First thing's first... Where does Bezos' wealth come from?

Nobody is born with that kind of money, so where did it all start?

Well, we all know that he is the founder and CEO of the online retail giant, Amazon.

Bezos always held a huge passion for computers and went on to study computer science and electrical engineering at Princeton University.

After graduating, Bezos spent some time working on Wall Street...

But, 4 years later in 1995, he quit to open his own online bookstore from his garage - Amazon.com.

The birth of Amazon.com changed everything for Bezos.

The initial success of the online store was staggering. Within the first thirty days, Amazon.com had sold books all across the United States, and across forty-five foreign countries.

And the online retailer only went from strength to strength.

In the mere years following from its launch, Amazon.com began stocking a wider variety of products, such as electronics, clothing, and toys, making it the number one online retailer.

It's yearly earnings kept multiplying...

And, as of August this year, the company alone has been reported to be worth $1000B.

Bezos's accomplishment with Amazon is staggering.

And he didn't stop there. In 2013, Bezos revealed that he had purchased the Washington Post, which he has since made profitable with a revenue of over $100 million.

Bezos has embarked on many ambitious quests in his career.

In May last year, he proudly unveiled Amazon's "Blue Moon", his very own lunar lander project.

He wants to help get man back on the moon.

Which, with all his money, could very well be possible. "My generation's job is to build the infrastructure," Bezos declared at the unveiling, "we're going to build the road to space."

But, despite all of his success...

Bezos has faced a significant amount of controversy regarding his work ethics and spending habits.

It has been revealed that Bezos provides a shockingly low standard of working conditions for his employees.

Over the last couple of years, more and more stories of Amazon workers being forced to work unethical hours for ridiculously low wages - as little as $10 an hour, in some instances - have been emerging.

Oh, and Amazon paid $0 in federal taxes in 2018.

Despite the retailer being one of the most valuable companies in the world, and pulling in $232.9 billion in global revenue in 2018, they paid absolutely nothing in federal tax that year. Doesn't look great for the wealthiest man in the world, does it?

But, regardless of all the controversy surrounding the business tycoon...

Bezos still remains one of the most powerful men in the world, and a little tax evasion and unethical labor definitely won't be fazing him anytime soon.

Because these last few months, in particular, have been very beneficial for Bezos.

While the majority of the world has been in lockdown, Amazon's sales have been skyrocketing.

Demand for online shopping is at an all-time high...

And, as a result, the CEO, who owns an 11% stake in the company, has grown his vast fortune by a further $24bn so far during the pandemic, a roughly twenty percent increase over the last 4 months to $138b.

So, as a result, Bezos is estimated to become the world's first trillionaire by 2026.

Comparisun, a business software comparison site, used data collected from the last 5 years of the Forbes Rich List to calculate the yearly wealth growth rate of the world's richest billionaires.

Applying this annual growth rate over the coming years...

The study concluded that Bezos could certainly become the world's first trillionaire in 2026, at which point he will be sixty-two-years-old.

And his most recent net worth announcement has proved that he's well and truly on track for this.

According to multiple reports, Bezos is now the first person in the world to have a net worth of $200 billion.

The bump in Bezos' net worth comes after Amazon's stock traded at $3,406.84...

Increasing 1.8 percent or up $60.35 a share on Wednesday, according to the New York Post.

Meanwhile...

California is on fire, a hurricane is approaching the Gulf, and our US Postal Service is on its knees thanks to a lack of funding. But Bezos is yet to extend a helping hand, despite the fact he is the only man worth $200 billion.

A little cash injection from Bezos would go a long way...

For more on the USPS crisis, keep scrolling...