September 17, 2020

Jeff Bezos could become world’s first trillionaire in six years

The coronavirus has affected many negatively, with the global economy taking a huge hit, but there seems to be one big winner from the whole chaos, Jeff Bezos.

Jeff Bezos could become world’s first trillionaire in six years

Amid the collapsing economy due to the coronavirus pandemic, Jeff Bezos is expected to reach the exalted status of the world’s first trillionaire in just six years, according to research.

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.

The business software comparison site used data collected from the last five 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 – who is estimated to be worth over $140bn (£112bn) – could become the world’s first trillionaire in 2026, at which point he will be 62.

The research also forecasts that Facebook founder Mark Zuckerberg could become the youngest trillionaire in the world 10 years later in 2036, when he will be 51 years old.

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.

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