Amazon’s Bezos may be trillionaire by ’26
Even as the economy collapses under the weight of the coronavirus pandemic, billionaire Jeff Bezos is on track to become the world’s first trillionaire, according to new 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 trillionaire status by 2026 at the age of 62.
The e-commerce giant’s sales topped $75 billion in the first quarter, driven by spiking demand during a pandemic that has kept people at home and depending on delivery services, according to MarketWatch.
Comparisun, a small-business advice platform, said it analyzed the 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.
Shares of Amazon — up 10 percent this year — closed Thursday up 0.88 percent, or $20.93, to $2,388.85 a share.
If Bezos’ net worth does hit $1 trillion, he’d be worth more than the individual gross domestic products of 179 countries with a combined population of 3.4 billion — 43.7 percent of all humans alive, the outlet reported.