9 mind-blowing facts that show just how wealthy Jeff Bezos, the world's richest man, really is
- Jeff Bezos is the richest person in the world.
- The Amazon CEO is worth an estimated $121 billion (R1.7 trillion), according to the Bloomberg Billionaires Index.
- Here are nine mind-blowing facts that show just how wealthy Bezos really is, from how much money he makes per second to how much richer he is than the British royal family.
- For more stories, go Businessinsider.co.za.
Jeff Bezos is the richest person on the planet. Worth an estimated $121 billion (R1.7 trillion), the Amazon CEO is $16 billion (R233 billion) richer than the world's next-richest person, Bill Gates.
Bezos even retained his ranking as the world's richest person following his divorce from MacKenzie Bezos, after which she kept a 4% stake in Amazon worth roughly $35.7 billion (R520 billion), making her the third-richest woman in the world.
Although his annual salary is only $81,840 (R1.2 million), most of Bezos' wealth comes from his Amazon shares. The world's richest man makes $2,489 (R36,301) per second - more than twice what the median US worker makes in one week, according to calculations by Business Insider.
Here are nine mind-blowing facts that show just how wealthy Bezos really is.
1. Bezos is worth $121 billion (R1.7 trillion) despite being paid an annual salary of just $81,840 (R1.2 million), less than what most US representatives take home.
Of course, a large portion of Bezos' wealth is tied to Amazon stock, not his salary.
Business Insider previously calculated how much Bezos actually makes in a year, based on the change in his net worth year-over-year, and found it to be closer to $8.9 million (R129 million).
What's even more impressive is if you break that down to how much Bezos makes every day, every hour, and even every second.
2. Bezos makes $2,489 (R36,301) per second — more than twice what the median US worker makes in one week.
That's $149,353 (R2.1 million) per minute.
As Business Insider's Hillary Hoffower previously reported, that means that in just one minute, the Amazon chief makes more than three times what the median US worker makes in a year - $45,552 (R644,357), according to data by the Bureau of Labor Statistics. These numbers were calculated shortly before the Bezos divorce.
3. After divorcing MacKenzie and giving up 25% of the Amazon stock co-owned by the couple, Bezos still kept his ranking as the richest person in the world.
MacKenzie, who was one of Amazon's first employees, is now worth an estimated $38.9 billion (R567,34 billion).
4. With his $121 billion (R1.7 trillion), Bezos could theoretically buy more than 30% of the top 100 US college endowments.
The top three richest colleges in the US - based on the size of their endowments - are Harvard University with $38.3 billion (R558.6 billion), the University of Texas system with $30.89 billion (R450.5 billion), and Yale University with $29.35 billion (R428 billion).
Bezos' fortune is greater than those three universities' endowments combined - with more than $22 billion (R320 billion) to spare.
5. Bezos is so rich that an average American spending $1 (R14.58) is similar to Bezos spending $1.2 million (R17.5 million).
The median net worth of an average US household is $97,300 (R1.4 million). Dividing $121 billion (R1.7 trillion) by $97,300 (R1.4 million) comes to about $1.2 million (R17 million), according to previous calculations by Business Insider.
6. The Amazon CEO is nearly 38% richer than the British monarchy.
The British royal family is worth an estimated $88 billion (R1.2 trillion), according to Forbes.
7. Bezos is worth about the equivalent of the entire GDP of Angola.
8. Bezos' net worth is greater than the GDP of Iceland, Afghanistan, and Costa Rica — combined.
Iceland's GDP is about $31.6 billion (R460 billion), Afghanistan's is $22.9 billion (R333.9 billion), and Costa Rica's is $64.8 billion (R945 billion).
9. According to the Social Security Administration, the average American man with a bachelor's degree will earn approximately $2.19 million (R3194 million) in his lifetime. Bezos makes that in just under 15 minutes.
According to the SSA, the average American woman with a bachelor's degree will earn $1.32 million (R19.25 million) in her lifetime.
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