How Much Does Jeff Bezos Make a Second?
If you ever felt like you’re the only one who’s shocked by how much money Jeff Bezos has, don’t. It’s safe to say that everyone who knows who Bezos is, is captivated by his skill to make money work for him.
Furthermore, he’s proven to be even more successful since the beginning of this year. With a whole pandemic raging on, Bezos was one of the few who benefitted from Coronavirus and the fact that people had to stay home. His business reached incredible heights after Amazon was the place most individuals turned to for entertainment during COVID. Not only are a lot of us amazed at how Amazon and Bezos have progressed, but some are also curious about how much money Jeff makes a day or per second.
In case you’ve been living under a rock, Jeff Bezos’s net worth keeps climbing up every single day. Currently, the founder, CEO, and president of the multinational technology company Amazon is reported to have a net worth of a whopping $197.8 billion. He’s also the richest man in the world. No shock there, right?
To put that into comparison, Bill Gates holds second place in the rich-men race with a net worth of $115.7 billion (to help you do the math ‒ that’s $82 billion less than Bezos). Facebook CEO Mark Zuckerberg’s net worth is $86 billion less than Bezos and if you thought Warren Buffett is a big shot, think again, cause Bezos is more than $100 billion wealthier than Buffett. We also need to provide a comparison to his rival ‒ Elon Musk (our beloved Tesla’s CEO with a net worth of $85.5 billion). Bezos is, naturally, richer than him too ‒ more than $112.3 billion richer!
However, to understand how much money the internet entrepreneur makes per single second, it’s vital to be aware of what his income sources are and how they work. This is done in a few steps:
1.The first step is to examine Bezos’s income.
Since Bezos is Amazon’s CEO, he receives a base salary. This salary is the foundation of his income as he is Amazon’s chief. Regardless, he enjoys a whole variety of other benefits that come with the position. For instance, the company (Amazon) is financially responsible for Jeff’s security services, alongside his travel expenses when he’s on business. Expenses and benefits like these are registered by Amazon as ‘other compensation’ in regulatory reports. Hence, Bezos’s total income includes his base salary and other compensations/benefits.
2.The second step is to ask the question ‒ How much is the CEO’s annual income?
The base salary of Amazon’s CEO was $81,840 in 2019 and it’s been the same ever since at least 1998. To add to that, Jeff received $1.6 million in other compensation last year (2019). Concerning that, Bezos’s total annual compensation has also stayed at $1.7 million for years, like his base salary. This means that for 2019 his annual income has totaled at $1.7 million.
And because comparisons help us understand better, here’s another one: Tesla’s CEO received $595.3 million in total compensation in 2019. This even made Elon Musk the highest-paid executive in the United States last year. Tim Cook (Apple’s CEO) received $133.7 million in total compensation for last year. With this, he held the position of second-highest paid executive in the U.S. It’s clear that the CEO of Amazon’s annual income was almost nothing compared to his fellow executives at Tesla and Apple.
3.The third step is to figure out how much Bezos makes per second.
There are two main ways to calculate how much the billionaire earns per second, day or year. One of the ways is to use his annual income to do math. The other way is to follow the increase in his net worth.
The first way (determining Jeff’s income per second by relying on his yearly income) includes indicating that Bezos received $1,681,840 in total compensation from Amazon in 2019. This number included $81,840 in base income and $1,600,000 in other compensation. That would mean he made $140,153 a month, $35,038 a week, $5,005 a day, $208.56 an hour, and $3.48 a minute. This indicates that Jeff Bezos made $0.058 a second last year.
The second way to check Bezos’s earnings per second (doing the math by tracking the increase in the billionaire’s net worth) involves mentioning that Amazon’s CEO has added $67.4 billion (in 8 months) to his net worth so far in 2020 as of the beginning of August. This means Jeff Bezos is earning $8.99 billion a month or $2.25 billion per week this year. Taking this further, this implies that he’s making $321 million a day, $13.4 million an hour, and $222,884 a minute. The final calculation is that the billionaire has been making $3,715 a second this year.
Accordingly, the largest single-day increase in Bezos’s net worth so far is $13 billion. He accomplished that on July 20, 2020, when he made $542 million per hour, $9.0 million per minute, and $150,463 per second just that day. Impressive, I know.
Many might not be aware of what the source of Bezos’ wealth exactly is. He ownsseveral expensive homes and runs several businesses. Apart from the homes and managing Amazon, he also is the owner of the space travel company Blue Origin. On top of that, he owns The Washington Post, which he purchased back in 2013 for $250 million.
However, his main wealth is bound to his shareholding in Amazon. The company’s stock increased like crazy this year due to Coronavirus, which led to Jeff’s net worth reaching record peaks. Needless to say, Bezos is Amazon’s top shareholder. He holds a stake of more than 11%, which converts to $173 billion at Amazon’s market capitalization of about $1.6 trillion. Nevertheless, that did not stop Jeff’sAmazon stake to lower after he handed over a portion of his stake to his ex-wife MacKenzie Bezos in a divorce settlement. It’s okay though, we’re not worried about Jeff Bezos. If there’s anything he knows, it’s how to handle his money. And he does it well!