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…
The title all of us dream of one day acquiring.
The only man close to matching Bezos’ eye-watering net worth is Microsoft co-founder, Bill Gates, who is worth around $114 billion.
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.
Nobody is born with that kind of money, so where did it all start?
Bezos always held a huge passion for computers and went on to study computer science and electrical engineering at Princeton University.
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.
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.
And, as of August this year, the company alone has been reported to be worth $1000B.
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.
In May last year, he proudly unveiled Amazon’s “Blue Moon”, his very own lunar lander project.
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.”
Bezos has faced a significant amount of controversy regarding his work ethics and spending habits.
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.
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?
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.
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.
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.
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.
According to multiple reports, Bezos is now the first person in the world to have a net worth of $200 billion.
Increasing 1.8 percent or up $60.35 a share on Wednesday, according to the New York Post.
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…