Jeff Bezos added another $13 billion to his net worth on Monday, July 20th 2020. That is the largest single day jump ever since the billionaires index was created in 2012 and brings his worth to over $189 billion.
Most of that (over $100 billion) is the 16% of Amazon shares he owns, which jumped 7.9% on Monday. The Bloomberg Billionaires index reports that Jeff is personally more valuable than Exxon Mobil, Nike, and McDonalds.
He recently purchased a mansion worth $165 million, not bad for a guy with a reported salary of $81 thousand a year.
To try and put this into perspective at the average yearly income for workers in the United States, one person would need to work 5.9 million years to earn what Jeff Bezos did in a day.
Trying to visualize a billion is difficult; this website, beamazed.com, attempted to display what one billion dollars is like.
It is also enough to potentially fix some of the worlds most pressing problems for a year. NOAA estimates to clean up the oceans would cost $5,000 to $20,000 per day, for a total between $122 million and $489 million for one year. Though it has also been estimated to cost $13 billion to clean the oceans yearly.
According to a 2018 report from the International Food Policy Research Institute (IFPRI), estimates range from $7 billion on the low end to end world hunger by ending malnutrition, or over $265 billion to end poverty.
According to the Homelessness Hub, it would take about $4 billion to end homelessness in Canada.
So, in one day, Jeff Bezos earned enough to end any one of those problems for at least the year.
Amazon paid no taxes in 2017 or 2018, and only 1.2% tax in 2019.