If you’re worth over $100 billion, losing $7 billion wouldn’t faze you, would it? Going by the Bloomberg Index, Jeff Bezos is worth approximately $110 billion. This figure makes him the wealthiest man in the world, beating the second richest man, Bill Gates, by a close $3 billion.
Not even his recent divorce made a dent in his net worth, with Jeff having to give up some of his stake in Amazon. His ex-wife kept 4% of its equity which amounted to around $35.7 billion. This firmly established MacKenzie as one of the five richest women in the world.
And although Amazon has made a name for itself in the e-commerce industry over the years, this week has got to be one of the worst in its history. The company’s shares went down 9% and, in the process, Bezos lost close to $7 billion. If the share values keep plummeting, Business Insider says that the CEO could lose his status as the world’s richest man.
All the same, there’s no denying that Bezos is incredibly wealthy. Similar to some other CEOs though, much of his wealth doesn’t come from his salary. In fact, Amazon pays him $81,840 annually. However, what he takes home thanks to the equity he owns is way much more than this. Per Business Insider’s calculations, the man earns almost $89.9 million every year.
According to the media outlet, Bezos makes $2,489 per second! How much is that per minute? A whopping $149,353! What the CEO makes in a single minute is worth three times more than what the average American worker makes all year. Talk of the widening gap between the ultra-rich and the rest of us.
The Bezos divorce definitely made headlines, especially since Jeff and MacKenzie had been married for so long. As a couple, the two controlled 25% of the Amazon stock.
With each party going their own separate way, Jeff definitely had to give up control of some of the stock. But as already mentioned, losing a chunk of it didn’t take away his crown as the richest man alive.
Universities and other learning institutions receive donations in the form of endowments all the time. In 2018, the richest institutions in the States in this regard were Yale ($29.4 billion), University of Texas ($30.9 billion), and Harvard ($38.3 billion). With his $110 billion net worth, Bezos’ personal fortune is $11 billion greater than the total of these three endowments.
So rich is Bezos that $1 for the average American equates to $1.1 million for him. You don’t get the math? Well, on average, American households are worth $97,300. What do you get after dividing $110 billion by this average net worth? There’s your answer.
A 20% Difference
When thinking about the British royals, you’d never say that money is an issue for them, right? You’d be totally right, with Forbes reporting in 2017 that the Royal Family is worth $88 billion. This is the combined net worth for all of them, which Bezos trumps by 20%, and he’s just a single individual.
Are you a student pursuing your undergraduate degree? Keep at it. The Social Security Administration says that the average American graduate earns $2.2 million in their life. For Bezos though, this is an amount he makes in less than 15 minutes.
And just so you know, Bezos is still the richest guy in the world, even after being the billionaire who has lost the most money in 2019.