Home Business News Jeff Bezos makes $3.5 million an hour

Jeff Bezos makes $3.5 million an hour

by Thea Coates Finance Reporter
23rd Feb 24 7:55 am

Jeff Bezos, the founder of Amazon (NASDAQ: AMZN), has consistently maintained a prominent global influence for the past two decades, primarily owing to his status as one of the wealthiest individuals.

With numerous ventures under his name and propelling him to the position of the third-richest person globally, it is intriguing to ascertain the extent of Bezos’ earnings within a specific timeframe.

Particularly, data acquired by Finbold indicates that as of February 19, 2024, Jeff Bezos, from his three main ventures, has given him a net worth of $190.7 billion. Bezos has mainly amassed his wealth through an 11.5% stake in e-commerce giant Amazon, which boasts a $270.046 billion gross profit as of 2023.

As the sole owner of Blue Origin, a private aerospace company, and The Washington Post through Nash Holdings, he benefits from undisclosed space exploration and journalism profits.

To determine Bezos’ income from key ventures in 2023, Finbold used reported figures for Amazon but lacked specific profit data for Blue Origin and The Washington Post as they are private entities.

In 2023, Bezos’ share of profits was approximately $31.06 billion (11.5% of Amazon’s $270.046 billion gross profit). This equates to about $985 per second from Amazon alone. Consequently, Bezos earns $59,100 per minute, $3,546,000 per hour, $85,104,000 per day, and $595,728,000 per week.

Bezos wealth outlook 

The research highlighted the outlook of Bezos wealth. According to the report, “As Bezos continues to chart new frontiers in technology, space exploration, and media, his financial standing is poised to remain at the very top for the foreseeable future. His relentless innovation and strategic vision have propelled him to unprecedented levels of wealth, making him a towering figure in the global economy.”

While Bezos is expected to sustain his wealth in the near future, his position among the world’s wealthiest individuals could be challenged by others, such as Meta Platforms CEO Mark Zuckerberg.

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