Amazon founder and CEO Jeff Bezos may become the world’s first trillionaire, according to a new report.
What’s the news:
- Comparisun — a company that allows business firms to compare different products — recently predicted that Bezos will be the world’s first trillionaire.
- The projection suggests Bezos will reach that status by 2026.
- Comparison took the average percentage of yearly growth from the last five years and applied it to the future years to reach that projection.
- Bezos’ net worth jumped 34% on average over the last five years. Apply that to the next five years and you’ll get yourself a trillionaire.
- According to Bloomberg’s Billionaires Index, Bezos has a net worth of $143 billion.
What was the reaction?
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Twitter wasn’t exactly in happy with the projection, according to USA Today.
More on Amazon
- A lot of Bezos’ fate depends on what happens with Amazon. Shares for the company jumped 28% so far this year. But that could change. Amazon has pledged to spend $4 billion or more on testing for COVID-19, adding cleaning measures for its facilities and higher wages, according to MarketWatch.
- Extra spending could impact how the company’s second-quarter profit turns out. If this is a yearly thing, then Bezos’ worth could be impacted long-term.
- “Amazon will likely remain a favorite among investors as the potential for a second wave of the virus and more lockdowns, can’t be ruled out,” according to MarketWatch. “And that’s not bad news at all for Bezos.”