On Jeff Bezos being a trillionaire; Read this
Entrepreneur Jeff Bezos is on the table of analysis because he might soon be a trillionaire all thanks to Amazon.
Some facts started by a small business advice platform states that Bezos net worth could reach $1 trillion by 2026. The company analyzed the market cap of the highest valued firms on the New York Stock Exchange, as well as Forbes’ 25 richest people. Chinese real estate billionaire Xu Jiayin is second on the study’s list.
But Bezos has a long way to go to become the world’s first trillionaire. At the time of the publication, Forbes values the 56-year-old’s net worth to be $143 billion. He owns a 11.2% stake in Amazon, and his wealth has surged upwards from around $125 billion in March.
Amazon is predicted to be one of the winners of the pandemic as demand for online shopping, streaming and delivery services flies.
Sales in the first three months of the year topped $75 billion, up from $60 billion in 2019. The potential for a second wave of the virus and further lockdowns could keep that demand high.
Bezos joined Forbes’ list of 400 richest Americans in 1998, four years after he founded Amazon, and had a net worth of $1.6 billion at the time.