Amazon founder will be the world’s first billionaire

Business

Jeff Bezos, founder of Amazon and richest person in the world , is on his way to becoming the first billionaire (with a ‘b’ in Spanish, which would correspond to ‘trillionaire’ in English), given that the coronavirus pandemic is overfeeding to his empire of electronic commerce. As revealed by an analysis by Comparisun , Bezos, who has a net worth of $ 143.9 billion , will be a billionaire in 2026 if his wealth continues to grow at the 34% per year that it is growing at the moment. Bezos’ wealth has exploded growing at this rate in the past five years.

That’s despite having paid the largest divorce settlement in history , $ 38 billion, last year, before Amazon’s stock price ( AMZN ) soared 29% in 2020 in the wake of the outbreak of coronavirus. Given that Comparisun’s data is only as of September 2019, Bezos could become the first billionaire even earlier. Amazon’s overlord has seen his fortune grow to the staggering $ 28.3 billion in 2020 alone, as the company’s sales topped $ 75 billion in the first quarter of this year alone.

In fact, according to the Bloomberg Billionaires Index , Bezos’ net worth rose from $ 125 billion to $ 143 billion just between April 12 and May 5, an increase of $ 18 billion. If Bezos reaches that status, he will have more wealth than the total sum of the GDP of 179 countries with a combined population of 3.4 billion people, that is, 43.7% of the world population. Comparisun’s research predicted that Bezos will reach this milestone first, at 62, but that Facebook boss Mark Zuckerberg will make him younger. His fortune grows at a pace sufficient for him to join the club at the age of 51 in 2036.