Jeff Bezos is the first person ever to be worth $200 billion. This is how the Amazon CEO's immense wealth stacks up to the average US worker, the British monarchy, and entire countries' GDP.

  • Jeff Bezos is the world's richest person, with a net worth of $190 billion, according to Bloomberg's Billionaires Index.
  • In August 2020, the Amazon CEO briefly became the first person in history to be worth $200 billion.
  • Since the beginning of March, when the US saw its first coronavirus deaths, Bezos' wealth has swelled by $74 billion.
  • With his $190 billion, Bezos is so rich that an average American spending $1 is comparable to the Amazon CEO spending $2 million.
  • He's more than twice as rich as the entire British monarchy.
  • Visit Business Insider's homepage for more stories.

Jeff Bezos, the world's richest person, is worth $190 billion, according to Bloomberg's Billionaires Index.

In August, the Amazon CEO became the first person in history to be worth $200 billion as Amazon sales surged during the coronavirus pandemic, but his net worth has since dipped back down from that peak.

Though Bezos' annual salary is only $81,840, most of his wealth comes from his Amazon shares. His fortune has become so vast that it can be compared to the British monarchy and the GDP of entire countries. 

Read on for a look at how Bezos' wealth stacks up against a typical American worker, the Queen of England, and the oil-rich country of Qatar. 

Bezos makes more money per second than the typical US worker makes in a week

Since mid-October 2019, Bezos' fortune has grown by $80 billion. Based on the year-over-year change in his net worth, Bezos has made $152,207 per minute — and $2,537 per second. That latter figure is more than three times what the median US worker makes in a week.

That means that in just one minute, the Amazon chief makes well over three times what the median US worker makes in a year: about $41,000, according to Bureau of Labor Statistics data.

When looking at Bezos' spending power compared to a typical American household, the comparison is stark.

Based on the median net worth of an average US household, $97,300, an average American spending $1 is roughly equivalent to Bezos spending $1.95 million.

The average American man with a bachelor's degree will earn about $2.2 million in his lifetime, according to the Social Security Administration, and the average American woman with a bachelor's degree will earn $1.3 million in her lifetime. Bezos makes about $2.2 million in 15 minutes.

Bezos, who has a bachelor's degree from Princeton University, makes $152,207 every minute, according to Business Insider's calculations.

Bezos remained the world's richest person even after a 2019 divorce in which he gave up 25% of the Amazon stock the couple owned

After the couple's divorce, Bezos' ex-wife, MacKenzie Scott, is the third-richest woman in the world, after L'Oreal heiress Francoise Bettencourt Meyers, and Walmart heiress Alice Walton.

She kept a 4% stake in Amazon, which now makes her the third-richest woman in the world.

Scott, who was one of Amazon's first employees, is worth an estimated $61.9 billion.

The Amazon CEO's net worth took a hit of more than $10 billion in 2019 — and he still didn't lose his spot as the world's richest person.

And an incredibly lucrative 2020 has kept Bezos firmly on top. Most of the world's richest people have lost money during the pandemic, but according to Bloomberg, Bezos' fortune has grown by $74 billion since the beginning of March.

The Amazon CEO is more than twice as rich as the British monarchy

The British royal family was worth an estimated $88 billion in 2017, according to Forbes.

In fact, Bezos' fortune is comparable to the GDPs of entire countries. His net worth is greater than the GDP of Qatar, a country rich in oil and natural gas resources. The Amazon CEO's wealth also exceeds the GDP of Iceland, Luxembourg, and Sri Lanka — combined, according to World Bank data.

The five richest colleges in the US in 2018 based on the size of their endowments were Harvard University, with $38.3 billion, the University of Texas system, with $30.9 billion, and Yale University, with $29.4 billion, Stanford University with $26.5 billion, and Princeton University with $25.9 billion.

Bezos' fortune is greater than those five universities' endowments combined — with $39 billion to spare.

Since surpassing Bill Gates as the world's richest person in October 2017, Bezos has more than doubled his wealth

When he overtook the Microsoft cofounder, Bezos' net worth was a mere $92.8 billion. Today, Gates remains the world's second-richest person with a net worth of $125 billion.

At the end of 2018, Bezos was worth $160 billion.

If the US had introduced a moderate wealth tax in 1982 — when the first Forbes 400 data on American billionaires was published — his net worth at the time would have been about half that, or $86.8 billion, according to a September 2019 study published in Brookings Papers on Economic Activity.

But even with a mere $86.8 billion fortune, Bezos would still be one of the richest people in the world, outranked only by French businessman Bernard Arnault and Indian billionaire Mukesh Ambani.

A wealth tax has been a hot topic during the 2020 presidential race, with Democratic nominee Joe Biden — as well as former candidates Bernie Sanders and Elizabeth Warren — calling for increased taxes on the super-rich.

Source: Read Full Article