On November 24, 2017, the day after Thanksgiving, and commonly referred to Black Friday- Jeff Bezos Net Worth stood at $100.3 B. From the begining of 2017 till that date in 2017, his net worth had gained $32.6B according to Bloomberg. Guess what? Six months later, Jeff Bezos Net Worth Stands at over $130B, an increase of $30B in that short time.
Jeff Bezos is best known as the fearless leader of Amazon. He founded Amazon in 1994. What started as an online bookstore has expanded to millions and millions of products. It is currently the world’s largest Internet sales online company, as well as the world’s largest provider of cloud infrastructure services via its Amazon Web Services arm. Bezos other investments include owning the Washington Post and is the owner and founder of Blue Origin. Blue Origin is developing technologies to enable human space flight with the goal to dramatically lower costs and increase reliability of such trips.
Jeff Bezos approximate net worth of $130B fluctuates daily, primarily on the value of Amazon stock. He owns about 16-17% of all Amazon stock, which amounts to nearly 81B shares. Amazon stock has been up over 30% since Black Friday of 2017 and Bezos has been the primary beneficiary. Here’s a depressing fact. If you purchased $1,000 when Amazon IPOd in 1997 – that thousand dollar investment would be over $900,000 and close to $1M.
Its almost unfathomable to think how much money that Jeff Bezos has. The average household in America makes $59,000 a year. Over the last six months, Bezos has been earning $59,000 every MINUTE! By the time it takes you to read through this post, he will have amassed another $59,000. On a daily basis he made approximately $86M dollars.
Jeff Bezos Net Worth in relative terms is even more crazy to think about. If he were to buy a new $400,000 Lamborghini, his $30B increase in Net Worth is equivalent to typical household spending $0.79 or a candy bar. He could fully pay for Trump’s proposed border wall and still have $9B left over to buy the New York Yankees twice over. To note, this is all based on the $30B increase he’s amassed over the last six months.
We made a quick info graphic of his relative wealth over the last six months. We hope you enjoy. Please share.
Please include attribution to http://www.thefinancegenie.com with this graphic.