Jeff Bezos set to become the first trillionaire.
Amazon Founder, Jeff Bezos was trending on Twitter on Wednesday after a months-old study by small business advice platform, Comparisun, resurfaced, claiming that Bezos net worth could reach $1 trillion by 2026.
The company analyzed the market cap of the highest valued firms on the New York Stock Exchange, as well as Forbes’ 25 richest people. Chinese real estate billionaire Xu Jiayin is second on the study’s list.
At the time of publication, Forbes Values the 56-year-old’s net worth to be $143 billion. He owns a 11.2% stake in Amazon, and his wealth has surged upwards from around $125 billion in March.
Amazon is predicted to be one of the winners of the pandemic as demand for online shopping, streaming and delivery services flies.
Sales in the first three months of the year topped $75 billion, up from $60 billion in 2019. The potential for a second wave of the virus and further lockdowns could keep that demand high.