Amazon boss Jeff Bezos could become world’s first trillionaire by 2026: Report
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Bezos joined Forbes’ list of 400 richest Americans in 1998, four years after he founded Amazon, and had a net worth of $1.6 billion at the time.
Amazon founder and CEO Jeff Bezos could become the world's first trillionaire by 2026 if his wealth continues growing at the 34% rate it has in recent years, according to an analysis from software review site Comparisun.
Amazon is predicted to be one of the winners of the pandemic as demand for online shopping, streaming and delivery services flies.
Also read: Did Jeff Bezos - the world's richest man, see the coronavirus pandemic coming?
Amazon's projection is based on taking the average percentage of yearly growth over the past five years and applying it to future years.
Sales in the first three months of the year topped $75 billion, up from $60 billion in 2019. The potential for a second wave of the virus and further lockdowns could keep that demand high.
Bezos joined Forbes’ list of 400 richest Americans in 1998, four years after he founded Amazon, and had a net worth of $1.6 billion at the time.
Despite losing an estimated $38 billion as part of his recent divorce, Bezos is still by far the world`s richest person and his net worth has grown by 34 per cent on average over the last five years, said the study by Comparisun, a company which helps organisations compare different business products.
Facebook founder Mark Zuckerberg could gain trillionaire status almost a decade later than Bezos. But Zuckerberg`s current rate growth would see him worth $1 trillion aged 51, said the study.
India's Mukesh Ambani could become a trillionaire in 2033 when he will be aged 75, according to the research which said that Chinese real estate tycoon Xu Jiayin will follow Bezos to become the second trillionaire in the world in 2027.
(With inputs from agencies)