Jeff Bezos' incomprehensible wealth
Amazon history -
When Bezos first founded Amazon in 1994, the company was an online bookstore.
Amazon history - In 1995 his parents invested approximately US$250,000 into Amazon. By 1997 the company turned over $148 million, and by 1998 it was $610 million.
Amazon criticism -
Bezos has been widely criticized for avoiding corporate tax in the US.
The worth of billions -
Jeff Bezos is currently worth over US$113 billion. That's obviously a lot of money, but it can be hard to wrap your head around that number.
Technically, from 1998 to 2021, Bezos earned a base salary of US$88,840 However, most of his wealth comes from his Amazon shares.
As of mid-2020, his estimated yearly earnings were US$78.5 billion. That's $6.5 billion per month!
Breaking that down even further, that means US$1.5 billion per week.
Even further? US$8.59 million per hour.
Facts - He was at one point worth more than the entire GDP of Morocco!
Bezos invested US$1 million into Google in 1998, so his wealth has clearly not just come through Amazon
Facts - In 2020, the average US worker earned US$876 per week. Jeff Bezos made more than double that in a single second.
It's estimated that the average American man with a bachelor's degree will earn about US$2.2 million in his lifetime. Jeff Bezos makes that in about 15 minutes.
Bezos got divorced in 2019 and signed over a large chunk of his Amazon stocks to his ex-wife, worth approximately US$38.7 billion.
He lost more money in 2019 than any other billionaire in the world, and still stayed in the number one spot.
Amazon was one of the few companies to benefit from the COVID-19 pandemic. They made US$75.5 billion in Q1 of 2020, an increase of 26% compared to 2019.
The future -
There were projections that Jeff Bezos would become the first trillionaire in human history by 2026.