Source - Amid the collapsing economy due to the coronavirus pandemic, Jeff Bezos is expected to come out smelling like a rose — and reach the exalted status of the world’s first trillionaire, according to research.
The Amazon founder — whose fortune is estimated at $143 billion, up from $125 billion on April 12, according to the Bloomberg Billionaire’s Index — was trending on Twitter after recent research suggests he could achieve that feat by 2026.
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.
Comparisun, a small-business advice platform, said it analyzed market capitalization of the 25 highest-valued companies on the New York Stock Exchange according to Macrotrends, and the net worth of the world’s 25 richest people according to Forbes.
It then calculated the average yearly percentage growth over the last five years and applied that growth rate to come up with an idea of how that value would change in the future, according to the report.
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.
"No one person should have that much money!"
"What if he uses it for evil?!?"
^^ If any of those thoughts came into your head, shut up. The horse has left the barn when it comes to our ability to curtail Jeff Bezos' power. The man not only has enough money to build an army, he has enough money to lobby lawmakers in Washington to make it legal. All we can do now is pray that he doesn't go nuts. I'm not being an alarmist, I'm stating a fact. If this article is correct and Bezos does become a trillionaire, he will have amassed more money than any person in the history of humanity. To be honest, I'm not worried about it. Things can't get much worse than they are right now. We're in the midst of global pandemic (which has made Bezos richer), everyone is afraid of going near each other, and no one knows how to stop it. The rich get richer and the poor get poorer. It's the way of the world. God what a depressing blog. I'm going stop writing now and leave you with something a little more light hearted. It's a completely random video that has nothing to do with anything, but it's one that I always watch when I need a pick me up. Here's Chris Farley on Letterman. Enjoy...