The question of who is richer between these two billionaires has risen in the past years. As they both seem to compete who takes top as the richest man in the world. Jeff Bezos is the founder of Amazon.
The e-commerce platform is very large with lots of people and retailers selling products on Amazon. Jeff Bezos became a billionaire in 2017 when he surpassed Bill Gates to become the richest man in the world.
In 2019 after his divorce from his wife Mackenzie Bezo, he lost around $35 billion to her. Microsoft Bill Gates emerged as the richest man again with about $119 billion. The current pandemic has helped Amazon bounce back as consumers turned to online sellers for necessary items.
The demand surged the growth of Amazon in the last few months. As the revenue topped over $88 billion, with better profits even though billions were spent on COVID-19 related investment.
The net worth of Amazon- Jeff Bezos is about $182 billion, he is about $62 billion wealthier than Microsoft – Bill Gates. In August, the Bloomberg Billionaires index published that Jeff Bezo’s net worth had crossed the $200 billion mark. Making him the first billionaire to cross the $200 billion.
Amazon is one of the largest beneficiaries of the COVID-19 pandemic. Most costumers turned to amazon retailers for almost all household items. Bezos makes money every second on Amazon, alongside other investments.
Jeff Bezo’s Income Breakdown
Besos is Amazon’s CEO, which makes him entitled to a basic salary and other compensation. Bezo receives security services and business travel expenses. All of these consist of Bezo’s total income.
Jeff Bezos’s basic salary has remained the same since 1998 which is $81,840. He receives the amount of $1.6million in other compensation. This totals his annual income to be about $1.7million per annum.
How much Jeff Bezo make per second?
With the huge increase to Bezo net worth this year, we cough calculate how much he makes per second using his annual earning or increase in net worth.
Bezo made about $1.7 million from Amazon in 2019. He a sum of about $140 thousand monthly, $35 thousand weekly,$5 thousand daily, $200 hourly, $3.5 per minute, and $0.06 every second.
With Bezos’ current upsurge in his net worth with Amazon, Bezo’s will be making about $8 billion per month. For weekly, approximately $2.25 billion,$321 million daily, $13 million hourly, $222,890 every minute, and $3,715 every second.
On 20th July 2020, Bezos’ achieved the highest single-day increase of about $13 billion. He made roughly about $542 million hourly, $9 million per minute, and $150,463 every second.
Does Jeff Bezos’ have other sources of income?
Although, Jeff Bezos has other sorts of expensive homes and other businesses. Bezos owns space travel company Blue Origin and Media publisher, Washington Post. He bought the newspaper for $250 million in 2013.
His major source of income is from his shareholdings in Amazon. Bezos is Amazon’s top shareholder with a stake of about 11 percent this is about $173 billion at Amazon’s market capitalization of close to 1.6 trillion.
Bezo’s deploys his wealth to some philanthropic work and environmental protection initiatives. Bezo pledged to spend a sum of $10billion on climate projects under his Bezos’ Earth Fund.
What is Bill Gates Net Worth?
Bill Gates stands as the second richest person on Earth with a net worth of 112 billion dollars as of July 2020. Since he retired from Microsoft, his net worth had steadily increased with over 6 billion dollars in 2020. His net worth has increased over the years from $86 billion in 2017 to $90 billion in 2018. In 2019 his net worth increased by over $16 billion.
Bill Gates estimates about $32 million per day, $1.3 million per hour, $22,800 per minute, and $380 per second.
Bill Gates launched his foundation “The Bill and Melinda Gates Foundation” in 2000. The foundation is based in Seattle, Washington, is one of the largest private foundations in the world. The foundation holds about $46.8 billion in assets. In 2018, Gates responded to the questions people had about donating.
His response lied in the fact that it was first a meaningful work and exemplary to give back to society.
The Bill and Melinda Foundation works to assist people from all works of life. It is focused on improving people’s health and lifting them out of extreme poverty. Developed countries like the United States, provide people with little resources to access opportunities to enable them to succeed.
The foundations’ grantmaking areas include;
- Global development program
- Global health program
- Global Growth
- Opportunity Program
- Global Policy and Advocacy, and United States Program