Talking Trillionaire

From The Week:

As every legitimate investment warns, 'Past performance is no guarantee of future results.'  But if the financial past did somehow accurately predict the financial future, it would be awesome for Jeff Bezos.  Amazon's founder and CEO is already worth nearly $150 billion, even after paying out a $38 billion divorce settlement in 2019.  And if shares of the online retailer just keep on doing what they've been doing over the past five years — the stock has already mostly rebounded from a brief pandemic plunge — Bezos's 11 percent equity stake would make him a trillionaire by sometime in 2026.

Now, the word "trillionaire" does have a lot of shock value. Not only has there never been one before, there's never been a person with anywhere near that much accumulated wealth in all of modernity, no matter how you fiddle with the numbers. The current record holder might be Gilded Age oil tycoon John D. Rockefeller with an estimated fortune equivalent to just over $300 billion today, based on a comparison of his wealth to the size of the American economy back then.

(https://theweek.com/articles/914563/three-cheers-worlds-first-trillionaire)


Our world's never seen a trillionaire.

But, we will some day.

And - as of now - Bezos is the likely candidate to be the first to reach that platform.

As I've said before here on MattChat, Amazon is a behemoth that just keeps on growing and growing.


Grace & Peace & Love to you all -

Matt