No, Jeff Bezos is not about to become a trillionaire amid a pandemic

No, Jeff Bezos is not about to become a trillionaire amid a pandemic

- Amazon founder Jeff Bezos was trending all day on Thursday and many were wondering why

- It was all thanks to a study published earlier, claiming Bezos could achieve trillionaire status

- Many news outlets jumped on the bandwagon, some even claiming he would become a trillionaire during a pandemic

- Upon closer inspection, it appears the study claims he could reach trillionaire status by 2026

- Another report highlighted that the study was filled with assumptions

- Our Manifesto: This is what YEN.com.gh believes in

There's a belief that it takes money to make money and Jeff Bezos seems to be living proof of that.

In 1998, the founder of Amazon had a net worth of $1.6 billion, as per Forbes, but this has escalated to $143 billion this year.

On Thursday, the billionaire businessman was trending when a study done by Comparisun claimed that Bezos could become the world's first trillionaire by the year 2026.

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Using data based on the market cap of the wealthiest firms and Forbes' 25 richest people, the firm established that Chinese property billionaire Xu Jiayin would feature second on the list.

Facebook founder Mark Zuckerberg is also touted to become the world's youngest trillionaire by 2036.

Meanwhile, YEN.com.gh found a report by Vox.com about Comparisun's projections, which stated:

"It calculated each billionaire’s average growth in their net worth over the last five years and projected how much they would increase if they continued to grow at that rate. So basically: If Amazon has another five years like its last five years, then Jeff Bezos, Comparisun claims, would be the world’s first trillionaire in 2026."

Vox warned the projection makes a lot of assumptions.

News of the report spread like wildfire via social media and many were livid.

Some just took aim at the super-wealthy increasing their wealth off the back of a pandemic, while others targeted Bezos specifically.

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Various reports have alleged that Amazon employees are unhappy with the way they've been treated and that some have even been dismissed for airing their grievances.

Just two months ago, YEN reported that Bezos lost a whopping $8 billion, which is about R129 billion.

The billionaire lost 7% of his net worth as Amazon shares fell by nearly 8%.

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Source: Yen

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