If US wealth continues to grow at its current pace, Gates, who saw his wealth grow by $4.2 billion last year alone, could reach a magic number in just 20 years, analysts believe. The forecast comes as Forbes released its list of billionaires this week, in which Bill Gates is the only person widely expected to become the world’s first billionaire, and he could emerge from it in “only” 20 years.
The list, published last August, is topped by the founder of Amazon, with an estimated $113,000 million in assets, though he is the only one to break the $100 billion barrier, the Washington Times reports. As per Daily Mail, Comparisun looked at the 100 richest people in the United States and examined only 11 who have a real chance of one day becoming billionaires.
While some believe a billionaire is only years away, entrepreneur Peter Diamandis said he believes there is wealth to be made from the discovery of space.
The Richest People and Their Achievements
John D. Rockefeller is held to be the world’s first official extremely rich person, accomplishing that status in 1916 to a great extent through his responsibility for Oil.
From that point about a century prior, riches has increased to where the most extravagant men on the planet top out at around $100 billion. The inquiry is, to what extent will it take before the world sees its first trillionaire?
The data also show that Bezos’ fortune is steadily on the way to trillion dollar status, as Forbes noted in a fact check on Thursday.
The figures analyzed by Comparisun were in line with September, meaning they do not include profits made by businessmen from coronavirus pandemics.
Global News stated that speculation has been rife for years that Bezos could one day be worth a trillion dollars, and he was the first billionaire to pass the $100 billion mark in 2017. Since then, he has sold billions of shares, and on Thursday morning, Amazon’s stock was trading at $2.359.
A CNBC report for 2018 suggests he could achieve that goal by reaching $12,600 if he holds the stock.
Jeff Bezos’s Struggle and Ultimate Success
Three years ago Jeff Bezos struggled to retain his title as the world’s richest man, but in recent months booming demand for Amazon services has sent his wealth soaring – soaring. The 56-year-old is one of the richest men in the US and the second richest person in the world.
The Amazon boss’s monumental fortune has grown to such an extent that he could become a member of the 13-figure club for the first time by 2026, according to a new study by Comparisun. Amazon’s dizzying success, which has accelerated the blockade, has led some US publications to question whether the Amazon founder could one day become the world’s first billionaire as per Telegraph.
The company and software comparison site used data from the Forbes billionaires list to calculate Bezos’ annual growth rate.
The Calculation and Estimation of Riches
Facebook CEO Mark Zuckerberg could be younger and add him to the four-comma club in 2036, when he turns 51, but Bezos is likely to make it first. Comparisun used the Forbes billionaires list to calculate Bezos’s personal wealth and used data from September, meaning its analysis does not take into account the gains he saw after the coronavirus pandemic that sent Amazon’s stock soaring as more people turned to online shopping.
Applying that growth rate to years to come, the study concluded that Bezos would reach billionaire status at age 62.
Facebook’s Mark Zuckerberg is just 35 and purportedly worth around $62.5 billion in 2019. Clearly, that is a fine beginning.
On the off chance that Zuckerberg can figure out how to develop his riches 10% per year, consistently (barring charges), he would be a trillionaire before his 65th birthday celebration. In any case, consider how outlandishly enormous Facebook would need to become to fuel such riches.
With his possession stake, Facebook would need to develop to become multiple times the current size of ExxonMobil to make him a trillionaire.
Jeff Bezos’s Current Net Worth
Bezos is worth $138 billion, according to the study, adding $28.3 billion to his fortune by 2020, and is expected to be worth another $138 billion by the end of his life. According to the Forbes Rich List, the ten richest people in the US are aged between 47 and 53 in terms of wealth.
World leaders had an estimated net worth of more than $1 trillion, up from $7.5 trillion in 2014.
Billionaires are Billionaires since From Birth
Although it is possible to become a billionaire before most people even realize that you are a billionaire, the world’s first “billionaire” is already working to become a billionaire. Mathematics says the first billionaires are already born, but mathematics also says they are not, according to Forbes.
Not everyone will be a billionaire, but according to Forbes, they are.
In other words, that doesn’t take into account all the ups and downs a company can go through, such as the $38 billion that Bezos issued in his divorce last year. Bezos is the second richest person in the world, according to the Bloomberg Billionaire Index, which tracks the lives of more than 1,000 billionaires and their families.
There are only a handful of billionaires with a net worth of at least $1 billion, and that applies only to the top 1% of the world’s richest people.
Bill Gates’s Inevitable Withdrawal
Gates has largely withdrawn from the multibillion-dollar tech race, and now spends most of his time developing lives – saving vaccines and technology. Warren Buffett, Gates, Zuckerberg, and Ellison have gone a step further, promising to give away their wealth through the Giving Pledge, an initiative conceived by Buffett and Gates to encourage billionaires to invest their vast wealth in philanthropy.
Amazon CEO Jeff Bezos attends The Post’s premiere on December 14, 2017 in Washington, DC.
The founder of Amazon.com is known for buying The Washington Post in 2013 for $250 million, but his space start-up Blue Origin quickly became almost as famous. Before he began selling books online, a business that eventually became the e-commerce giant Amazon, he worked for a hedge fund in New York after graduating from Princeton.