- MANDEL NGAN/AFP via Getty Images
- Jeff Bezos is facing backlash after announcing that Amazon would be donating only $690,000 to Australian wildfire recovery, despite his $117 billion net worth and Amazon’s $936 billion market cap.
- As Aaron Holmes reported for Business Insider, that amount is less than what Bezos makes in five minutes.
- The Amazon CEO is worth an estimated $117 billion, making him the richest person in the world, according to both Forbes and Bloomberg’s Billionaires Index.
- Bezos is roughly 28% richer than the British monarchy.
- He makes approximately $2,489 per second – more than twice what the median US worker makes in a week.
- Visit Business Insider’s homepage for more stories.
Jeff Bezos is facing backlash after announcing that Amazon would be donating $690,000 to Australian wildfire recovery. That’s less than what he makes in five minutes.
The Amazon CEO is the richest person on the planet, worth an estimated $117 billion.
Bezos is 20% richer than the British monarchy. He retained his ranking as the world’s richest person even following his divorce from MacKenzie Bezos in 2019. She kept a 4% stake in Amazon worth roughly $35.7 billion, making her the fourth-richest woman in the world.
Though Jeff Bezos’ annual salary is only $81,840, most of his wealth comes from his Amazon shares. The world’s richest man makes $2,489 per second, or more than twice what the median US worker makes in one week, according to Business Insider’s calculations last year.
Here are 11 mind-blowing facts that show just how wealthy Bezos really is.
1. Bezos is worth $117 billion despite being paid an annual salary of just $81,840, less than what most US representatives take home.
- Phillip Faraone / Stringer / Getty Images
Of course, a large portion of Bezos’ wealth is tied to Amazon stock, not his salary.
Business Insider last year calculated how much Bezos actually makes in a year, based on the change in his net worth year-over-year, and found it to be closer to $8.9 million.
It’s even more impressive if you break that down to how much Bezos makes every day, every hour, and even every second.
2. Bezos makes $2,489 per second — more than twice what the median US worker makes in one week.
- Photo by Drew Angerer/Getty Images
That’s $149,353 per minute.
As Business Insider’s Hillary Hoffower previously reported, that means that in just one minute, the Amazon chief makes more than three times what the median US worker makes in a year: about $47,000, according to Bureau of Labor Statistics data.
3. After divorcing MacKenzie Bezos and giving up 25% of the Amazon stock owned by the couple, Jeff Bezos retained his ranking as the richest person in the world.
MacKenzie Bezos is now the fifth-richest woman in the world,after David Koch’s widow Julia Flesher Koch, L’Oreal heiress Francoise Bettencourt Meyers, Walmart heiress Alice Walton, and Mars candy company heiress Jacqueline Mars.
4. With his $117 billion, Bezos has a net worth equivalent to 24% of the top 100 US college endowments.
- Getty/Michael Kovac
The three 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.
Bezos’ fortune is greater than those three universities’ endowments combined – with more than $18 billion to spare.
5. Bezos is so rich that an average American spending $1 is similar to Bezos spending $1.2 million.
- Getty/Drew Angerer
The median net worth of an average US household is $97,300. Dividing $117 billion by $97,300 comes to about $1.2 million.
6. The Amazon CEO is about 28% richer than the British monarchy.
- Chris Jackson/Getty
The British royal family was worth an estimated $88 billion in 2017, according to Forbes.
7. Bezos is worth about the equivalent of the entire gross domestic product of Morocco.
- Shutterstock/Matej Kastelic
Morocco’s GDP is about $117.9 billion, according to The World Bank.
8. Bezos’ net worth is greater than the GDP of Iceland, Afghanistan, and Costa Rica — combined.
- Matt Cardy/Getty Images
Iceland’s GDP is about $25.8 billion, Luxembourg’s is $70 billion, and Bosnia and Herzegovina’s is $20 billion, for a total of just under $116 billion.
9. According to the Social Security Administration, the average American man with a bachelor’s degree will earn about $2.2 million in his lifetime. Bezos makes that in just under 15 minutes.
- Alex Wong/Getty Images
According to the SSA, the average American woman with a bachelor’s degree will earn $1.3 million in her lifetime.
10. Even if a moderate wealth tax had been implemented almost 40 years ago, Bezos would still be the richest American, and the second-richest person in the world.
- REUTERS/Katherine Taylor
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 would now be about half that, or $86.8 billion, according to a recent 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 Bill Gates, French businessman Bernard Arnault, and Warren Buffett.
A wealth tax has been a hot topic among the 2020 Democratic presidential candidates, with both Bernie Sanders and Elizabeth Warren calling for increased taxes on the super-rich.
11. Bezos lost more money in 2019 than almost any other billionaire in the world, but he’s still the richest of them all.
- Karwai Tang/Getty Images
The Amazon CEO’s net worth took a hit of more than $10 billion in 2019.