As of June 10th 2020 business was worth approximately 158 for five.

That's more than the gross domestic products Iceland, Luxembourg and Cyprus combined.

Bezos was born in 1964 to 16 year old Declan, an 18 year old 10 organs.

When young Jett was 17 months old, his mother divorced Jordan's in 1968.

She then married a Cuban immigrant, Miguel Basis, who adopted Jeff growing up.

Jeff Basis was a good student, receiving Straight A's on his way to becoming valedictorian of his high, then attended Princeton University, where he graduated with a degree in electrical engineering and computer science basis, got the idea for Amazon when he was 30 years old, living in New York and working in finance, He saw how quickly Internet usage is increasing every year and anticipated that a digital bookstore could be a big hit.

While the company began by only selling books, it has since expanded into a store for almost anything, putting groceries, furniture and even coffins.

In addition to the website, most people associate with a company.

Today, Amazon owns many brands that may surprise, such as the Internet Movie Database, which dot TV Zappos Whole Foods Mark Fidrych Auto Ring 100 Turbine Wind Farm in West Texas that's mentioned dozens of a dog for company Amazon Studios, which is won 15 awards.

These are still only a fraction of the company's Amazon Online commerce research firm eMarketer estimated in 2019 that Amazon would make up 38% of all commerce that here on top of their retail in Denver, Amazon is the largest cloud services world.

Even if you're not buying anything while surfing Internet, you're likely to be visiting websites that pay Amazon.

While most people never think about AWS 2019 it's responsible for more than 12% of Amazon's consolidated sales.

In 2019 Amazon saw record success more than 200 $1,000,000,000 in revenue corresponding more than $11.5 billion in profit.

As the CEO of Amazon, Bezos receives an annual salary of just $81,840.

He also received security services paid for by Amazon that are worth more than 1.5.

All those seem like large numbers do not become the richest person in the world, with a five figure salary alone, most of bases.

His wealth is in the form of his 11.1% stake in Amazon.

As of this writing, Amazon as a company is valued at $1.32 trillion.

I mean, Jesus estate is worth more than $146.5 billion.

Note that while Bezos may be worth nearly 160 billion, he does not have that much money in the bank as we've discussed his worth, and mostly in the form of Amazon stock.

When you want to buy things, for instance, on Amazon you use money, not stuff.

You can't buy things with stock.

In other words, Bezos has to sell his stock to actually have that much money.

For instance, on January 30th of this year, James Unpublished it's 2019 4th quarter report Wall Street's expectations for the coming because of that news over the span of 15 minutes came is on stock price rose 12%.

Increasing basis is wealth by $13.2 billion in that time.

Over the next 11 days, bases sold $4.1 billion worth of stock, essentially converting it to in addition to 11% of Amazon.

Bezos owns The Washington Post, which he purchased in 2013 for $250 million.

And Blue Origin Aerospace Company, with the aim of making space tours and possible space and space exploration, was a childhood dream for Bezos and Basis has claimed to sell a $1,000,000,000 of Amazon stock every year to invest in blue origin.

Today, a $1,000,000,000 of Amazon stock is 0.7% of his holdings in 2019.

Business Insider calculated that between 2017 and 2018 basis, his wealth increased $78.5 billion.

That means that year Bezos made over $215 million per day, or $8,961,187 per hour.

That's more than 300 times more than the median annual pay for a worker and breaking that number down further.

It means that every second whether was during the work day or while he was sleeping, Jeff Bezos, a $2489 every second for comparison.

This is a second Jeff business made almost $2500 while that term played over twice what the meeting US worker makes in a week in 2018 Amazon raised its minimum wage for workers to $15 an hour.

Those workers earn around $30,000 per year, an amount of money it takes Bezos 11.5 seconds to earn.

This unequal distribution of wealth is not just found in Amazon, but all across our economy, and it's getting worse.

According to the Federal Reserve, at the end of 2019 the richest 10% of the country controlled 70.2% of the nation's wealth, meaning the bottom 90% controlled 29.8%.

For contrast at the end of only 2000 to the wealthiest, 10% controlled 61.2% leaving 38.8% to the remaining 90%.

At the end of the day, people were already wealthy, continue to make more and more.

While workers on the bottom of the economic are left to fighting for scraps.

One way workers have historically been able to secure higher wages is by unionizing and organizing strikes.

Amazon notoriously fights against attempts their workers have made to unionize.

This year, a vice president of Amazon quit after several lower level employees were terminated for what the vice president described as being whistleblowers.

Collective action employees who make is much in a year, as Bezos makes in 12 seconds, are at the whim of the world's richest man to increase their salaries and to not be fired for trying to secure more rights.

Meanwhile, business consulting firm comparison has estimated that Jeff Bezos is on track to be the first ever trillion air in as soon as a short six years.

Most of us will never have the billions Jeff Bezos has at his disposal.

Most of us wouldn't be millionaires.

That means that during the time you watch this video, not only has Jeff Basis made a $1,000,000 he's made more money than you'll ever have in your life.