Jeff Bezos Could Become World’s First Trillionaire By 2026
Despite the collapsing economy due to the coronavirus pandemic, Jeff Bezos is expected to come out smelling like a rose — and reach the exalted status of the world’s first trillionaire, according to research.
The Amazon founder — whose fortune is estimated at $143 billion, up from $125 billion on April 12, according to the Bloomberg Billionaire’s Index — was trending on Twitter after recent research suggests he could achieve that feat by 2026.
The e-commerce giant’s sales topped $75 billion in the first quarter, driven by spiking demand during the pandemic that has kept people at home and depending on at-home delivery services, according to Marketwatch.
Comparisun, a small-business advice platform, said it analyzed market capitalization of the 25 highest-valued companies on the New York Stock Exchange according to Macrotrends, and the net worth of the world’s 25 richest people according to Forbes.
It then calculated the average yearly percentage growth over the last five years and applied that growth rate to come up with an idea of how that value would change in the future, according to the report.
Bezos, who owns an 11 percent stake in Amazon, has been the world’s richest person since 2017. He also is one of the world’s five richest people who hasn’t lost money this year as a result of the coronavirus pandemic, according to Esquire.
If his net worth does reach $1 trillion, he’d be worth more than the individual GDPs of 179 countries with a combined population of 3.4 billion — 43.7 percent of all humans alive, the outlet reported.
It’s also worth noting that Bezos also had to relinquish much of his wealth to his wife from a divorce proceeding last year.
Source : Vanguard (Image : The Independent)