Jeff Bezos earns in 13 minutes what an average worker earns in a lifetime

With a heritage of Between US$176,000 and US$178,000 million, Jeff Bezos, the founder of Amazon, will once again compete for the position of the world’s richest person in 2024 against the CEO of Tesla, Elon Musk and LVMH, Bernard Arnault, according to Forbes’ real-time wealth index. Bloomberg.

Many people are aware of the almost unlimited power of billionaires, especially because of the mega purchases they make from time to time. In Bezos’ case, the latest example was a Florida mansion for which he spent US$79 million in October, just two months after buying another one in the same neighborhood for US$68 million.

Buying yachts and mansions, as if it were a trip to the supermarket, is just a small sample of the enormous shopping gap between billionaires and ordinary people. To further refine the perspective, financial analysis website Benzinga calculated what Bezos actually earns compared to the average worker in the United States. And the results are overwhelming to say the least.

Bezos got US$70 billion richer last year

Regarded as one of the most influential leaders in the business world, Bezos saw a massive increase in his net worth, which was $107 billion in early 2023 and increased to nearly $177 billion in 2024.

In other words, it made a profit of US$70 billion at the end of the year., according to data published last week by Fortune magazine. That translates to earnings of US$191,780,822 per day or about US$7,990,868 per hour.

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According to research from Georgetown University, the lifetime income of the average American worker is US$1.7 million. Benzinga’s calculations suggest so How much does Bezos earns in about 12.76 minutes.

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According to Fortune, the world’s 10 richest people, including Bezos, collectively increased their wealth by nearly half a trillion dollars in 2023, an increase of 46%, or US$465.6 billion.

Increase Bezos’ wealth That’s mainly because of its Amazon share. Since Amazon’s initial public offering in 1997, the company has expanded significantly not only into Internet retail, but also into areas such as Amazon Web Services with Prime and digital streaming of audiovisual products.

Expansion into a wider range of products and services has steadily boosted Amazon’s stock price. In 2023, Amazon’s worldwide retail sales were projected to reach $746.22 billion.

According to Statista’s analysis, Amazon ended the year in first place among online retailers in the United States, with 37.6% of the market. Retail chain Walmart’s e-commerce site took second place with a market share of 6.4%, followed by Apple in third place, with 3.6%.

In the United States, the branch had sales of over US$356 billion in 2022. Germany comes second with US$33 billion, followed by the United Kingdom with US$30 billion.

Jeff Bezos’ “Salary”

Bezos’ base salary has not changed since 1998. Founder of Amazon Earned a total compensation of US$1.7 million For fiscal year 2022, a package that includes a base salary of $81,840 without bonuses, stock options or vested shares. The remaining US$1.6 million came from other forms of compensation.

It is known that, over the years, Bezos has sold about $27 billion in Amazon stockIncluding the most famous sale of 6 million shares valued at US$793 million in 2010.

Apart from Amazon, Bezos diversified his investments by founding spaceflight company Blue Origin Enterprises. It also bought The Washington Post in 2013 and has invested in several other companies, including Arrived Homes, which allows you to invest in rental properties for as little as $100.

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