If Jeff Bezos’ personal fortune keeps growing at its current rate, he could become the world’s first trillionaire by 2026 at the age of 62, according to an analysis from software review site Comparisun .
- That’s before accounting for the coronavirus pandemic, which has sent the value of his Amazon shares soaring, and despite the roughly $38 billion he lost in his recent divorce settlement.
- Bezos is currently worth an estimated $143 billion, thanks to a $28 billion bump in 2020, according to Bloomberg .
- Bezos’ wealth is growing rapidly as Amazon faces increasing criticism from employees and lawmakers over its labor practices, and as the company ended its $2 hourly pay raise for warehouse workers during the pandemic.
Bezos’ wealth has been increasing at an average yearly rate of 34% over the past five years, according to Comparisun, and that’s despite turning over Amazon shares worth an estimated $38 billion to his ex-wife, MacKenzie Bezos, as part of their recent divorce settlement.
Comparisun looked at 25 of the world’s richest individuals and found that only 11 had a realistic shot at becoming trillionaires during their lifetime. Bezos will likely get there first, but Facebook CEO Mark Zuckerberg could be the youngest, with his current growth rate on pace to put him in the four-comma club by 2036, when he would be 51.
Comparisun used Forbes’ Billionaire List to determine Bezos’ personal wealth, but it pulled data from September 2019, meaning its analysis also doesn’t account for gains Bezos has seen during the coronavirus pandemic, which has caused Amazon’s stock to skyrocket as more people turn to online shopping.
Bezos is currently worth around $138 billion and has seen his fortune grow by $28.3 billion so far in 2020, according to Bloomberg .
Bezos isn’t alone there. While the coronavirus has ravaged the economy, forcing 36 million Americans to file for unemployment over the past two months, US billionaires quickly saw their collective wealth rebound by $282 billion, roughly 9.5%, between March 18 (close to when the stock market hit its low point) and April 10, according to a report from the Institute for Policy Studies .
At the same time Amazon’s success continues to boost Bezos’ personal fortune, the company is facing growing criticism of its treatment of workers during the pandemic, including its recent move to drop a $2 per hour pay raise for warehouse employees. Workers have staged multiple protests over working conditions in recent weeks as the number of COVID-19 cases potentially surpassing 400 (Amazon has refused to share official numbers).
Lawmakers and regulators are also turning a closer eye on the company. Officials in New York City and the National Labor Relations Board are both looking into Amazon’s firing of whistleblowers, while Democratic lawmakers recently called for a federal investigation into warehouse conditions.