When the year began, Amazon founder and CEO, Jeff Bezos, was doing well. Very well, in fact. He had a net worth of $34.8 billion and was 15th on the 2015 Billionaire List. Since that list was released, things have changed a bit. Amazon's stock has surged and with it so has Bezos' net worth. How much has Bezos' net worth jumped? You're not going to believe it!
The fact is, in many ways, it is harder for a billionaire to multiply his or her income too dramatically. That is not the case with Jeff Bezos this year. His net worth has jumped an insane $29.5 billion since the beginning of 2015. This event, plus the losses Carlos Slim Helu has experienced this year has caused a big shakeup in the lineup of the richest people in the world.
While Slim Helu's net worth dropped by $21.9 billion, Bezos' rose by nearly $30 billion. That made Jeff Bezos richer than the Koch Brothers. He is now the fifth wealthiest person in the world. Bezos is not just the top dollar gainer; he's also got the biggest percentage of gain.
The nearly $30 billion additional dollars Bezos made this year is equivalent to making $80 million per day, $3.4 million per hour, or, breaking down ever further, $56,125 per minute. That $29.5 billion is 59 times as much as the contract LeBron James signed with Nike recently.
The $29.5 billion rise in his net worth is an 85% increase since the beginning of the year. Can you imagine your income going up by 85% in one year? Even if you make $40,000 a year, that's a significant, life-changing increase ($32,000 to be exact). Of course for Bezos, going from a net worth in the $30 billions to one in the $50 billions is a little less life changing than a jump from $40K to $72K.
How did this happen? Well… to put it simply, Amazon had a hell of a year. Stock price more than doubled in 2015. Prime membership was up by 53% worldwide. July's Prime Day had 18% more Amazon orders than Black Friday 2014. All year long, Amazon's stock just kept rising. It's really quite simple, Amazon turned a profit and as a result, it has been a great year for the company's shareholders and a fantastic year for the biggest shareholder – Jeff Bezos. He is now worth more than double what he was at the end of 2014.