A recent survey by Comparisun predicts that Amazon CEO Jeff Bezos could become the first trillionaire in the world by 2026
Comparisun, a company that allows small to medium-sized companies to compare different business products, Amazon founder and CEO Jeff Bezos will likely be the world’s first trillionaire.
Their prediction shows that Bezos will reach trillionaire status by 2026. The company said its forecast is focused on taking the average rate of annual growth over the last five years and projecting it to the future years.
In the study, Comparisun evaluated market capitalization of the New York Stock Exchange’s 25 most priced firms and the net worth of the world’s 25 richest individuals over the last five years.
They then estimated the annual average percentage rise, adding the rate of growth for future years.
The results suggest that Bezos might be worth $1,000,000,000,000 in just six years.
As of Thursday morning, according to Bloomberg’s Billionaires Index, Bezos’ net worth was estimated at $143 billion, whilst tracking the value of the world’s richest people daily. Bezos’ worth has risen by more than $28 billion compared with last year.
The screening sparked anger on Twitter, and noted how many people are struggling financially during the coronavirus pandemic while Bezos cashed billions of dollars.
Bezos is Amazon’s CEO, which is among the few companies that have benefitted greatly from the coronavirus pandemic. Amazon ‘s sales totaled $75 billion ( £ 61.3 billion) in the first quarter, driven largely by a spike in delivery services.
During the first half of 2020, Amazon invested over $800 million on protective initiatives including masks, hand sanitizer and additional warehouse hand-washing stations.
The company has recruited 175,000 new employees to keep up with demand because millions of shoppers are relying on Amazon to offer products while stranded at home.
Moreover, Bezos made a substantial donation to the non-profit organization Feeding America based in Chicago, which runs 200 food banks across the country. Claire Babineaux-Fontenot, CEO of the charity, said it was the largest donation in the history of the organization and would allow it to ‘provide more food to millions of our disadvantaged neighbors in this crisis.’