Jeff Bezos Is Now Personally Worth More Than Nike, Mcdonald's, and Costco | 22 Words

It has just been confirmed that Jeff Bezos is now personally worth more than companies such as Nike, McDonald's, and Costco.

Read on to find out more about the wealthiest man in the world...

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 of $186 billion is Microsoft co-founder, Bill Gates, who is worth around $102 billion.

But where does Bezos' wealth come from?

Nobody is born with a net worth of over $186 billion... So where did it all start?

Bezos is the founder and CEO of the online retail giant, Amazon.

Born in 1964 in New Mexico, 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 -

The birth of Amazon changed everything for Bezos.

The initial success of the online store was staggering. Within the first thirty days, 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 mere years following from its launch, 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 May 2020, 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 still 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.

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. The research also predicted that Facebook founder, Mark Zuckerberg, could follow Bezos by becoming the world's second trillionaire ten years later in 2036.

It's looking very likely that this unbelievable accomplishment will be happening for Bezos...

As it has just been announced that the CEO is now personally worth a lot more than some very big brands.

He is now wealthier than some of the biggest companies in the U.S.

Business Insider has reported that Bezos is now personally worth more money than companies such as McDonald's, Nike, and Costco.

The world's wealthiest man is worth more on paper than Nike's entire $122 billion market capitalization...

The sportswear giant made $39 billion in sales, had almost 77,000 employees, and more than 1,100 retail stores worldwide last year.

And when it comes to McDonald's?

Well, Bezos' fortune also exceeds the $143 billion market cap of McDonald's. The fast-food giant generated $21 billion in sales last year and had 205,000 employees and 39,000 restaurants globally.

Costco has a $145 billion market cap...

The mega-retailer racked up $153 billion in revenue last year from its 99 million Costco cardholders, and employed 254,000 people... but this wasn't enough to beat Bezos' personal fortune.

This eye-watering fortune is all thanks to the spike in Amazon's stock price...

And it's just given Bezos a step forward towards becoming a trillionaire.

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