Economy

Jeff Bezos To Become World’s First Trillionaire Despite COVID-19

Jeff Bezos To Become World’s First Trillionaire Despite COVID-19”

Amazon CEO Jeff Bezos is expected to become the world's first trillionaire by 2026, according to Comparisun, a company that compares different products between small and medium-sized firms. Bonnie Watson Coleman, and a lot of social media users on Thursday as outlets highlighted an analysis suggesting he'll become the first ever trillionaire.

The last of the Big Four tech companies, Facebook, whose market cap now sits at around $665 billion, but has seen an average growth of 24% over the last five years, which, if continued, could see them join the club in 2022.

As of Thursday morning, Bezos's net worth was estimated at $143 billion, according to Bloomberg's Billionaires Index, which means it's increased more than $28 billion since previous year.

Jeff Bezos, American Billionaire may hit the trillionaire figure soon due to the rate at which his company, Amazon's value is rising.

It's also worth noting that Bezos also had to relinquish much of his wealth to his wife from a divorce proceeding a year ago.

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Another Chinese businessman Ma Huateng is listed in fourth place, Mukesh Ambani, who owns Reliance Industries, India's most valuable company, is fifth on the list.

The business software comparison site looked at Bezos's average percentage of yearly growth over the past five years-pulling data from the Forbes Billionaires List-to calculate his yearly wealth growth rate.

Facebook founder Mark Zuckerberg would become the youngest trillionaire at the age of 51 in the year 2036, the report estimated. In fact, the projection has raised more dust about Amazon's alleged exploitation of its workers, especially those in the front lines during the coronavirus pandemic.

Breitbart News recently reported that e-commerce giant Amazon plans to stop paying warehouse workers an extra $2 per hour at the end of the month after raising workers' wages beginning in March to compensate them for coming into work during the Wuhan coronavirus pandemic. The company is likely to have benefitted from the coronavirus-led lockdowns across the U.S. and its other key markets.

"His response: end the hazard pay increases that Amazon warehouse workers have received, despite hundreds of them being infected with the virus".



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