Amazon’s Jeff Bezos may become world's first trillionaire by 2026
New Delhi : The world's richest man Jeff Bezos may even become richer in coming years, possibly becoming the first trillionaire and the current pandemic situation is just pacing up the process for him.
Jeff Bezos name was trending on Twitter as several people debated with their views on the said possibility.
Amazon.com’s sales topped $75 billion in the first quarter, driven by demand during the pandemic that has kept people at home and depending on at-home delivery services of everything from food to exercise equipment.
According to Bloomberg’s Billionaires Index, the net worth of Bezos has risen from $125 billion on April 12 to $143 billion on May 5.
He had to give away a lot of his wealth to his wife after she separated from him last year.
With Amazon’s share growing at 28%, the company remains favourite among the investors as the potential for a second wave of the virus and more lockdowns, can’t be ruled out.
According to a survey from Comparisun, content and comparison platform for small and medium-sized businesses, Jeff Bezos could possibly become the world’s first trillionaire by 2026.
Explaining their methodology, Comparisun 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 wealthiest people, according to Forbes, in both cases taking the last five years of data (as of September 16th, 2019).
The average yearly percentage of growth is used for the projection.
Here are some of the reactions from Twitter over Jeff Bezos’ possible status in the coming years.