Jeff Bezos Is So Rich, He Makes $142,000 Per Minute
KEY POINTS
- Jeff Bezos has an estimated net worth of $206 billion
- His wealth grew by tens of billions in 2020 amid the rise in online shopping during the pandemic
- Bezos' Blue Origin successfully sent the billionaire and three others to space and back Tuesday
Amazon and Blue Origin founder Jeff Bezos, the world's richest person, streaked into space Tuesday aboard his own rocket. During the 11-minute up-and-down flight, the billionaire potentially made nearly $1.6 million.
Bezos is worth $206 billion, according to the latest estimate of the Bloomberg Billionaires Index. He remains the richest person on the planet, nearly $30 billion ahead of no. 2, SpaceX founder and Tesla CEO Elon Musk.
Last year, Bezos's net worth grew by $75 billion, according to Bloomberg, as Amazon shares skyrocketed amid the rise in online shopping during the pandemic. Based on the increase in his net worth, Bezos makes $6.25 billion per month, $1.44 billion per week, $205 million per day, $8.56 million per hour and $142,667 per minute, according to Independent.
However, if the calculations are based on his annual income of $1,681,840, which includes his yearly base salary of $81,840, the billionaire earns $140,153 per month, $32,343, a week, $4,608 per day, $192 per hour or $3.20 per minute, the outlet noted.
The majority of his fortune lies in Amazon, where he maintains a 10.3% stake after stepping down as CEO earlier this month, Forbes reported.
Aside from being the biggest online retailer, the company also controls Whole Foods and offers cloud computing and streaming services. Amazon reported revenue of $386 billion in 2020, according to Bloomberg.
Bezos founded Amazon in 1994 from his garage in Seattle, Washington. He was largely out of the spotlight until Amazon stock began to skyrocket in 2014, bringing Bezos’ net worth to $50 billion by 2015, according to Celebrity Net Worth.
In 2017, Bezos briefly surpassed Microsoft’s Bill Gates as the richest person in the world. A year later, Amazon's market cap topped $1 trillion, bringing the wealth of Bezos, who owned 80 million shares at the time, to new heights.
Bezos remained the world's richest person even after his 2019 divorce from MacKenzie Scott following 25 years of marriage and his transfer of a quarter of his 16% Amazon stake to his ex-wife, Forbes reported.
On July 5, the billionaire officially stepped down as Amazon’s CEO after 27 years to become executive chairman, handing over the reins to Andy Jassy, who was in charge of running Amazon's cloud-computing business.
Aside from Amazon, Bezos also founded aerospace manufacturer and sub-orbital spaceflight services company Blue Origin, which successfully brought the billionaire and three other civilians to space and back Tuesday. The crew, which also included his brother Mark Bezos, 82-year-old aviation pioneer Wally Funk and 18-year-old Dutch student Oliver Daemen, flew into space aboard the rocket ship New Shepard, CNN reported.
Bezos’ 11-minute space flight went up to more than 60 miles above Earth's surface and set the stage for the start of commercial passenger service later this year.
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