Amazon released its quarterly earnings report yesterday and it was nothing short of… Amazonian. In the first quarter of 2020 (January, February and March), Amazon generated $75 billion in total revenue. In the first quarter of 2021, it generated $108.5 billion in revenue.
That’s a 44% increase year-over-year, and really just drives home how much Amazon has benefited from our new never-leave-the-house pandemic lives. If you think Amazon is expecting a slowdown as the pandemic recedes in the coming months, think again. The company actually expects revenue in the second quarter of 2021 to go UP! The company predicts Q2 revenue will land in the $110 – $116 billion range.
With that increase, Jeff Bezzos’s networth is also hitting an all time high. His current net worth…$206 billion. Jeff now has a roughly $30 billion lead over Elon Musk as the richest person on earth.
If Jeff and MacKenzie never separated AND had he never enacted the 10b5-1 plan which is offloading $9-10 billion worth of shares every year, at today’s all-time high share price of $3,571 his net worth would’ve been a whooping $285.7 billion
At that level he could have been $110 billion richer than Elon Musk is right now. He would’ve been more than twice as rich as Bill Gates and Mark Zuckerberg. Three times richer than Steve Ballmer and Larry Ellison.