Amazon founder Jeff Bezos expected to become a trillionaire despite pandemic and divorce

Amazon CEO and Founder Jeff Bezos.
Amazon CEO and Founder Jeff Bezos. Photo credit: Getty

Amazon founder and CEO Jeff Bezos is expected to become the world's first trillionaire.

Comparisun, a company providing advice for small businesses, analysed the net worth of the world's 25 richest people over the last five years to calculate their average yearly growth and predict their future value.

"Of the 25 individuals we analysed, only 11 realistically have a chance of becoming a trillionaire during their lifetime, based on their recent rate of wealth growth," the report says.

"Despite losing an estimated $38 billion as part of his recent divorce, Jeff Bezos is still by far the world’s richest person and his net worth has grown by 34 percent on average over the last five years, which could potentially see him become the world’s first trillionaire as early as 2026."

As of Friday, Bezos' net worth was estimated at $143 billion, according to Bloomberg's Billionaires Index, which tracks the world's richest people daily.

He owns an 11.2 percent stake in Amazon and, in the year to date, his worth has increased by $28 billion.

If Bezos does become a trillionaire by 2026 he will be 62 years old.

But the Comparisun report says while Bezos may reach the milestone sooner, Facebook founder Mark Zuckerberg could become a trillionaire at a younger age. They estimated he would reach the milestone at 51.

Amazon has benefitted from the coronavirus pandemic as with shops shut, people have turned to online shopping and deliveries.

Sales in the first three months of 2020 was over $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, Forbes reported.

But the report has also led to anger online as many people are struggling from the pandemic.

"The fact that Jeff Bezos is gonna be trillionaire while millions of people are unemployed without healthcare/homeless/without food during a pandemic doesn't sit right with me," one commenter wrote.

"Jeff Bezos is set to become the world's first trillionaire while we are on the verge of a depression and half the world is out of work," another says.

Bezos is also under fire for recently announcing Amazon workers will soon lose their overtime pay and workers have complained of poor working conditions.

"While Jeff Bezos is on track to become the world’s first trillionaire in the middle of a pandemic, Amazon is ending overtime pay for warehouse and delivery workers on the front lines. This is immoral," former US Senator Elizabeth Warren tweeted.

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