What Does it Really Mean to Be the World’s Richest? Amazon Founder Jeff Bezos’ Fortune Explained
How does it feel like to be the richest man in the world? Jeff Bezos certainly knows the answer, but he was recently unseated after losing a whopping $7 billion in one night.
Despite the unfortunate, albeit probably unnoticeable, circumstance, the Amazon CEO and founder remains to be a billionaire, period. Microsoft founder Bill Gates’ net worth was only $3 billion short of the 55-year-old’s $110 billion. But how wealthy is the man really is?
Richest after Divorce
Early this year, Jeff and his wife MacKenzie announced that they will go separate ways and three months later, their divorce was finalized. The separation may have not ended well but at least the ex-wife was given 25 percent of the Amazon stocks, which equals $38 million.
Despite paying his former partner a huge sum, the man remained to hold the title as the world’s richest. The philanthropist, who signed up with Giving Pledge, an initiative founded by Bill and Melinda Gates and Warren Buffett, is now trailing behind Francoise Bettencourt Meyers, Alice Walton, and Jacqueline Mars as the world’s richest woman.
Richest but Lost The Most Money
Speaking of letting go of some of his fortune, Jeff has lost the most money than any other billionaires this year. As per Bloomberg’s Billionaire Index, he had already lost $15 billion to his net worth estimated in early 2019. Even so, he was still the world’s richest.
Richer than the British Royal Family
How much do you make in a day? Per hour, per second? In case you haven’t given a thought of how much you really earn per minute, ponder on Jeff’s $149,353 per 60 seconds.
That is way higher than the $47,000 median salary of workers per year in the United States as indicated by the Bureau of Labor Statistics. If you do the math, he gets richer by $2,489 per second. Also know that the average $1 American spending is the same as the billionaire’s $1.1 million.
Perhaps to make us even feel worse, the influential British royal clan was estimated to be worth $88 billion two years ago. That means Jeff is even richer than them!
Versus Average Person’s Earnings
According to the Social Security Administration, an average woman who has a bachelor’s degree will receive $1.3 million throughout her life, while $2.2 million for a man. Jeff, meanwhile, earns more than $149,000 in a minute. Let that sink in.
In Comparison to Other Countries
How massive can Jeff’s fortune get? His net worth almost equals Slovakia’s gross domestic product of $109 billion. He is also worth more than the combined GDPs of Iceland, Afghanistan, and Costa Rica, which total $105 billion.
To further illustrate, the Nordic nation has a GDP of $24.5 billion, Afghanistan, $19.9 billion, and Costa Rica, $60.46 billion.
Most Important Question
But how does he make money? This is the million-dollar question. Despite his $110 billion net worth, his annual salary is just $81,840, which is less than what congressmen earn. What really adds to that figure are the Amazon stocks.
More in Rich & Famous
NFL Star Carl Nassib Still Follows a Budget – Here Are Words of Wisdom from the Athlete to Kickstart Your Saving Habits
Raise your hand if you’re guilty of being a one-day billionaire whenever you get your salary. This is just one of...November 6, 2019
Do You Think Shopping Sparks Joy? This is When You Really Need to Start Saving and Stop Spending!
You may say the joy of shopping is incomparable, but that’s definitely not true. What really sparks joy? Yes, buying something...November 5, 2019
Entrepreneurs Who Bought the Ghost Town Cerro Gordo Had Already Spent This Much to Turn the Place into a Luxury Destination
It’s not every day that an entire town shows up on the market, so when the vast ghost town Cerro Gordo...November 4, 2019
Swimming in Debts? This Couple Managed to Pay a Chunk of Their Credit Card Debt Because of These Smart Lifestyle Changes
What’s the biggest drawback of using a credit card? You can’t monitor your spending habits. Because you’re basically paying cashless, you...November 1, 2019
Even Financial Advisers Need Suggestions, Too: These Pieces of Advice Will Help You a Thing or Two With Money
We always hear and read about financial advice, but what really works for us? It’s not always a one-size-fits-all kind of...October 31, 2019
Still Don’t Have an Idea on What to Give Your Grandkids? Help Them Secure Their Future with These Financial Presents
Grandparents have earned the reputation of spoiling their grandkids. A fight with mom and dad? Children immediately go to their grandpas...October 30, 2019
Could a Five-Hour Workday Be the Solution to Boosting Employees’ Productivity?
The typical 9-to-5 job can squeeze the juice out of you – so much so that you rarely have the energy...October 29, 2019
Entrepreneurs, Listen Up! Here’s How Important a Life Insurance Is for You and Your Business
You think you have everything in the world right now – a budding business, a wonderful family, a developing career, and...October 25, 2019
Despite Performing Well, You’re Still Not Promoted. Here’s Why That Happens
It’s frustrating to stay in a job that doesn’t seem to have any plans of growth for you. This is especially...October 24, 2019