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.
Facts -
Technically, from 1998 to 2021, Bezos earned a base salary of US$88,840 However, most of his wealth comes from his Amazon shares.
Facts -
As of mid-2020, his estimated yearly earnings were US$78.5 billion. That's $6.5 billion per month!
Facts -
Breaking that down even further, that means US$1.5 billion per week.
Facts -
Even further? US$8.59 million per hour.
Facts - He was at one point worth more than the entire GDP of Morocco!
Facts -
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.
Facts -
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.
Facts -
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.
Facts -
He lost more money in 2019 than any other billionaire in the world, and still stayed in the number one spot.
Facts -
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.