Foreign Property News | Posted by Si Thu Aung
Amazon.com Inc. Founder and former CEO Jeff Bezos is a figure synonymous with immense wealth and success. As of November, he ranks as the third-richest person in the world. Over the past decade, his net worth has skyrocketed by $125.6 billion. This substantial increase breaks down to $12.56 billion per year, $34.4 million per day, $1.43 million per hour and about $23,833 per minute.
Bezos primarily derives his income from his substantial 9.73% ownership stake in Amazon, valued at $88.43 billion. His financial endeavors encompass more than just his Amazon holdings. He shifted his focus to Blue Origin, a
His investment in Blue Origin appears to be yielding positive results, with seat prices for its maiden flight in 2021 ranging from $28 million to as high as $30 million for some passengers. In a 2020 interview, Blue Origin CEO Bob Smith revealed that the from generating virtually no revenue to achieving annual revenue in the hundreds of millions of dollars.
In addition, Bezos has a diverse investment portfolio managed through Bezos Expeditions. Noteworthy investments include $1.7 billion in Rivian Automotive Inc., $190 million in Everfi, $116 million in Unity Biotechnology, $112 million in Airbnb Inc., $37 million in Uber Technologies Inc. and $5 million in Business Insider.
To illustrate Bezos’s earning power, consider the cost of luxury items. A Rolex watch costs between $7,000 and $12,000 on average. This means that every minute, Bezos brings in enough money to purchase nearly two high-end Rolex watches.
Ref: Jeff Bezos Makes $23,833.34 Each Minute — Enough To Buy Multiple Rolex Watches Every 60 Seconds (finance)