Will Jeff Bezos be the Worlds First Trillionaire?

For the longest time, Amazon has been weaved into the lives of Americans. From e-commerce, to cloud computing and streaming, Amazon has their fair share of the pie. Dubbed as one of the big four tech companies alongside Apple, Microsoft, and Google; Amazon has proved to be a valuable institution in the lives of every American. More than his bald head and infamous laugh, Jeff Bezos is also the man behind “Amazon.com”. 

Amazon started off as a book-selling venture that eliminates the hassle of storing large quantities of books in warehouses. Jeff Bezos believed in the power of the Internet back in the early 1990’s, a time where people seemed to scoff at the idea of business going digital and brick and mortar shops getting more obsolete.

Bezos’ name has been on top of Forbes’ Wealthiest Persons list for three consecutive years now. Overshadowing then leader Bill Gates in 2018. As of time of writing, Bezos leads Gates by a margin of almost $40 Billion. A real proof that his belief that the Internet is a big thing is factual. 

Overestimation or Fair Point? 

There are two opposing sides to the matter. Comparisun, a platform that serves small and medium-sized businesses affirms that Bezos could be the first ever trillionaire in the world in six years. This estimation refers to their study of the CEO’s annual net worth growth rate of at least 34% in the past five years. The mentioned that in 2015, Bezos was worth $63 Billion, more than twice of what he is worth now. 

On the other side of the spectrum, Mark Mahaney an Analyst of RBC Capital Markets reported that it may be a slim chance for Bezos to hit that growth rate in that time span. Analysts believed that there could be more financial roadblocks and market setbacks that may affect all business in the future, including Amazon. They also owe the sudden upsurge of Bezos’ net worth to the Pandemic that forced people to stay at home, increasing the demand for online transactions. 

An estimation by CNBC reveals that Bezos owns 11% of Amazon’s stake. The company needs its stock prices to reach at least $12,000 a share for the company to reach $11 trillion in 2026, effectively making Bezos the trillionaire that Comparisun predicts him to be. 

Looking Ahead

For the richest man in the planet, recognition as the first trillionaire in the world would mean little as to what it means for the media and other businessmen. However, only time will tell whether this six-year estimation by Comparisun would hold up or will it be another case of overestimation. 

Let us note that when Bezos started Amazon.com, no one believed he would still be operating months after he started. Our society is extremely different from what it was in the 1990’s. We are yet to unleash the power that technology awaits, and Jeff Bezos could be working on it momentarily.