Jeff Bezos' net worth grew more than $3,000 per second on average in early 2018

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Amazon chief executive Jeff Bezos received $1,681,840 (€1,455,608) as annual compensation in 2017. Of this $81,840 was base pay and $1.6 million in other forms.

The billionaire owns 16 per cent of electronic commerce company Amazon. With the increase of Amazon’s stock price, his net worth rose $40 billion in first five months of 2018, an average of $30,000 every 10 seconds. This is more than the $28,446 the median-earning Amazon worker worldwide makes in a year.

Note that the $40 billion is not money Bezos made the same way one earns a salary but were rather the increase in the price the market was willing to pay for his company. In other words, it’s not money he took from someone else but the increase in the amount he could make if he sold his Amazon shares at market price.

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