The post The World’s Richest Man ‘Jeff Bezos’ Is Set To Become A Trillionaire appeared first on Rededit Magazine.
]]>The company analyzed the market cap of the highest valued firms on the New York Stock Exchange, as well as Forbes’ 25 richest people. Chinese real estate billionaire Xu Jiayin is second on the study’s list.
Forbes valued the 56 year olds net worth to be $143 billion as at the time of this publication. He owns a 11.2% stake in Amazon, and his wealth has surged upwards from around $125 billion in March.
Amazon is said to be one of the winners of pandemic as demand for online shopping, streaming and delivery services flies.
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.
The post The World’s Richest Man ‘Jeff Bezos’ Is Set To Become A Trillionaire appeared first on Rededit Magazine.
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