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Jeff Bezos Could Reportedly Be The World's First Trillionaire By 2042

Jeff Bezos Could Reportedly Be The World's First Trillionaire By 2042

Lend us a tenner.

Mark McGowan

Mark McGowan

Earlier in the week it was reported that Jeff Bezos, the owner of online retail giant Amazon.com, had overtaken Bill Gates as the richest man in the world.

Though it was only momentary, with Gates reclaiming his top spot shortly after, the news came after the website's shares jumped 1.8 percent to $1,071.31 (£819.99) pushing Bezos' personal wealth to over $91 billion (£69.6bn).

Mr Bezos owns almost a fifth of the shares in Amazon, whose value has now exceeded $500bn (£382.7bn).


He's currently a huge $910.7 billion away from reaching one trillion, but reports suggest that he could be the world's first trillionaire by 2042.

A recent Oxfam report on wealth and inequality found that people like Bezos could find themselves swimming in a ridiculous amount of money within the next 25 years.

It was found in Oxfam's report that in the last ten years or so the richest 793 people in the world maintained a collective net worth of $5 trillion, meaning there was an annual growth of 11% from 2009 when it totaled $2.4 trillion.

"If these returns continue, it is quite possible that we could see the world's first trillionaire within 25 years," the report stated.

Bezos founded Amazon.com in 1994 after making a cross-country drive from New York to Seattle, writing up a business plan on the way, after hearing about the rapid increase in internet usage. He originally set up the business in his garage.

He was also one of the first shareholders in Google. He invested $250,000 (£191,359) in 1998, which resulted in 3.3 million shares of Google stock worth about $3.1bn (£2.3bn) today.


Featured Image Credit: PA

Topics: jeff bezos, Amazon