People, it looks like the world will have its first real billionaire in about six years. This person, as the title suggests, is the founder and CEO of Amazon Jeff Bezos. If you look at the rate at which Bezos’ net worth has grown in the past five years, it makes sense. Today, Bezos has a net worth of $ 140 billion.
His net worth was affected, of course, by his divorce from Mackenzie Bezos. In 2015, his net worth was “only” $ 50 billion. In January 2018, it was $ 100 billion. In July 2018, it was $ 150 billion. In September, it was $ 170 billion. Then he divorced. Yet her net worth has increased on average by 34% each year over the past five years. If you apply this growth rate to the next few years, Bezos will reach billionaire status in 2026.
This data was compiled by a company called Comparison and people don’t respond well to it. In the COVID-19 era, the difference between the so-called haves and the so-called haves is even more evident. Over 30 million people have applied for unemployment. More than 80 million people have died from COVID-19. Bezos’ own employees protest the company’s security (or lack thereof) as they continue to work in Amazon warehouses and distribution centers during the coronavirus pandemic.
On May 1, Amazon (and other companies) held a strike to protest the lack of “adequate workplace protection.” Several Amazon workers have died from coronavirus. Earlier this month, Amazon Vice President of Amazon Web Services Tim Bray stopped firing executives who spoke out against how warehouse workers were treated.
Times are tough everywhere. Businesses are closed. The supply chain is in trouble. And Jeff Bezos has $ 140 billion and is growing. Does this seem fair to you? Bezos got the idea from Amazon, he built it, he should reap the rewards. On the other hand, why does one person need so much money? Think of the good that Bezos could do with this money and ALWAYS be a billionaire. It is mind-boggling.
Amazon said it spent more than $ 800 million in the first half of 2020 (not to mention that the year is not yet over for six weeks) on safety measures, including masks, hand sanitizer, and stations additional handwashing in its warehouses. The company has also hired 175,000 new workers to meet demand, as millions of people depend on Amazon to have goods delivered to their homes and unable to buy.
It is not the first time that Bezos’ mad wealth has been hit by a backlash. It is not even the first time that I have been eyeing Bezos while declaring that he could (and SHOULD) do much more to help the world with his money.