Sign in to follow this  
Followers 0
Don Draper

Jeff Bezos poised to become world’s first trillionaire

4 posts in this topic

https://www.businessinsider.com/jeff-bezos-on-track-to-become-trillionaire-by-2026-2020-5

 
 
 
 
 
 
 
 
Quote

5eac39d057853202260f0af3?width=2500&form

If Jeff Bezos' personal fortune keeps growing at its current rate, he could become the first trillionaire by 2026 at the age of 62, according to an analysis from the software-review site Comparisun.

Bezos' wealth has been increasing at an average yearly rate of 34% over the past five years, according to Comparisun, and that's despite him turning over Amazon shares worth an estimated $38 billion to his ex-wife, MacKenzie Bezos, as part of their recent divorce settlement.

Comparisun looked at 25 of the richest people and found that only 11 had a realistic shot at becoming trillionaires during their lifetimes. Bezos will likely get there first, but Facebook CEO Mark Zuckerberg could be the youngest, with his current growth rate on pace to put him in the four-comma club by 2036, when he will be 51.

Bezos is worth about $138 billion and has seen his fortune grow by $28.3 billion so far in 2020, according to Bloomberg.

Bezos isn't alone there. While the coronavirus has ravaged the economy, forcing 36 million Americans to file for unemployment over the past two months, US billionaires quickly saw their collective wealth rebound by $282 billion, about 9.5%, between March 18 (close to when the stock market hit its low point) and April 10, according to a report from the Institute for Policy Studies.

At the same time Amazon's success continues to boost Bezos' personal fortune, the company is facing growing criticism of its treatment of workers during the pandemic, including its recent move to drop a $2 hourly raise for warehouse employees.

Workers have staged multiple protests over working conditions in recent weeks as the number of COVID-19 cases have surged among warehouse employees, according to a Reddit tally by a person who says they're an Amazon insider.  (Amazon has refused to share official numbers.)

Well

GZJJLw4.gif

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now
Sign in to follow this  
Followers 0

  • Recently Browsing   0 members

    No registered users viewing this page.