Jeff Bezos may become world's first trillionaire

According to Comparisun, a company which allows small- to medium-sized firms to compare different business products, the world's first trillionaire will likely be Amazon founder and CEO Jeff Bezos.

Their projection shows Bezos reaching trillionaire status by 2026. The company said their projection is based on taking the average percentage of yearly growth over the past five years and applying it to future years.

Comparisun shows Bezos' net worth grew an average of 34% over the last five years.

Not a trillionaire but want to be?: Money tips and advice delivered right to your inbox. Sign up here

As of Thursday morning, Bezos' net worth was estimated at $143 billion, according to Bloomberg's Billionaires Index, whilch tracks the worth of the world's richest people daily. Compared to last year, Bezos' worth has surged by more than $28 billion.

Talk of Bezos' potential trillionaire status follows public protests by Amazon employees over their safety as they continue to work during the coronavirus pandemic. On May 1, workers for Amazon and other companies including Instacart held a strike protesting a lack of "adequate protection in the workplace."

Amazon said it spent more than $800 million in the first half of 2020 on safety measures including masks, hand sanitizer and additional hand-washing stations at warehouses. The company also hired 175,000 new workers to keep up with demand as millions of consumers lean on Amazon to have goods delivered while stuck at home.

Earlier this month, Tim Bray, Amazon's vice president and "Distinguished Engineer" at Amazon Web Services, announced he was leaving the company over the firing of executives who spoke out against how workers were treated in their warehouses.

This is not the first time the Amazon CEO's immense fortune has faced scrutiny. In January, Bezos revealed Amazon would donate $1 million Australian dollars – or $690,000 in U.S. dollars – to wildfire recovery efforts in Australia. However, critics blasted Bezos for not doing enough in light of his wealth.

Comments

Memorial Day

Observed annually on the last Monday in May, Memorial Day is set aside to honor the men and women who have died in service to our country. While Memorial Day didn’t become an official national holiday until 1971, its origins begin with the Civil War. The quiz below, from the Ashbrook Center at Ashland University, provides an opportunity for you to test your knowledge of the history of and customs associated with Memorial Day. 1. What was Memorial Day initially called? A. War Remembrance Day B. Decoration Day C. Veterans Day Advertisement D. Armed Forces Day 2. In 1868, which former Union general issued an order that called for a national day of remembrance for those who died in the Civil War? A. John Logan B. Nathaniel Banks C. George McClellan D. Theodore Barrett 3. Historic documents point to an earlier day of remembrance, in 1865, when freed slaves, U.S. Colored Troops and local citizens organized a ceremony to honor Union troops who died nea...

President Trump Delivers Remarks on Testing President Trump and Administration Officials Deliver Remarks and Hold a Press Briefing on Testing.

President Trump is doing the best he can under difficult circumstances . and I quote: nearly double the number of any other country we are tasting (USA) more than south Korea United kingdom France Japan Sweden Finland and many other country's and for same cases combined . every American should be proud of the amazing talent and skills the nation brought to the challenge . reopening America with enthusiasm like we didn't see for a long time . as we now president trump does every thing he can to make sure that America will stand still when others country's can't but the facts said completely the opposite thing, Unfortunately more then 60 000 thousand citizens said their lost word in America when the other country's didn't pass the half of that number like France whom their victims didn't passe 26 000 people , maybe that's why some of USA citizens doubted of trump's decisions and didn't believe hem . and I quote ...

International Nurses Day 2020

yesterday is International Nurses Day 2020, a day to celebrate nurses all across the world which this year has even greater significance falling as it does during the coronavirus pandemic. The day was chosen because it was the birthday of Florence Nightingale, who is regarded as the founder of modern nursing – and today marks 200 years since her birth. This year the public is being asked to get involved by illuminating their windows at 8.30pm tonight as a nod to the lamp which Nightingale was known to carry. - Quotes to mark International Nurses Day 2020 : ‘Nurses dispense comfort, compassion and caring without even a prescription’ by -Val Saintsbury ‘The most important practical lesson that can be given to nurses is to teach them what to observe’ by - Florence Nightingale ‘Caring is the essence of nursing’ – Jean Watson ‘Nurses are one of the few blessings of being ill’ by-Sara Moss Wolfe. A nurse will alwa...

Be smart

Search This Blog