Jeff Bezos, founder of tech giant Amazon, has amassed enormous wealth over the last few decades, with figures relating to his personal fortune astounding people from time to time.
What happened: In one such instance from July 2020, Bezos’ wealth swelled to $171 billion, according to a Bloomberg report, which at the time was more than the total value of all Bitcoins BTC/USD in circulation at roughly $170 billion.
Given that Bitcoin was and remains the largest cryptocurrency by market capitalization, this was an extraordinary feat.
However, this would be the last time Bezos had the upper hand over Bitcoin.
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In about a month’s time, the asset’s valuation topped $208 billion, beating Bezos’ net worth. The rest, as they say, is history.
The leading cryptocurrency witnessed a massive bullish cycle in 2021, catapulting its valuation past a trillion dollars. While the subsequent bear market caused a hiccup, animal spirits returned in 2024, with Bitcoin reaching roughly $2 trillion in market value.
On the other hand, Bezos’ wealth dipped to $171 billion in 2022 and further to $114 billion by 2023, per Forbes. And, while his wealth has rebounded to about $244 billion as of this writing, it is still a fraction of Bitcoin.
Why It Matters: All said and done, the personal fortune of Bezos—who now serves as the executive chairman of Amazon—continues to throw up mindboggling numbers.
Fathom this: Bezos makes in about 13 minutes what an average U.S. worker earns over their entire career. Or this: Spending $1 million for Bezos would be equivalent to $1 for an average person.
His current net worth of $244 billion dwarfs the average American net worth of $192,700, according to the Federal Reserve.
Price Action: At the time of writing, Bitcoin was exchanging hands at $100,562.32, up 2.87% in the last 24 hours, according to data from Benzinga Pro.
Image via Shutterstock
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