Jeff Bezos is richer than Richard Branson. Jeff Bezos has a net worth of $144 billion, while Richard Branson has a net worth of $5 billion.
Jeff Bezos is the owner and CEO of the e-commerce behemoth Amazon. He is a businessman, as well as a stockholder. Jeff Bezos was recently named the “wealthiest person in recent times” on the Forbes wealth index as a result of his financially rewarding endeavors.
Richard Branson founded The Virgin Group. Virgin is one of the world’s largest and most enticing brands, with operations ranging from traveling to telecommunications, health to bank, and music to leisure. Richard founded Virgin Records after starting Virgin as a mail-order record retailer in 1970.
How Jeff Bezos Got So Rich
In 1994, shortly after leaving the investment company D.E. Shaw, Jeff Bezos founded Amazon.com in a Seattle garage. Shaw. Jeff’s previous employer, David E. Shaw, was initially and utterly uninterested in the concept of an e-commerce website. Though it began as a bookseller, Amazon.com has since progressed into a one-stop shop for just about everything, and now it is the number one producer without the need for doubt. Some of Amazon’s unexpected growth and expansion, such as its 2017 acquisition of Whole Foods and subsequent entry into the pharmaceuticals industry, demonstrate the company’s structure of continuous development. In 2019, Bezos owned up to 16% of Amazon before transferring 4% to his ex-wife MacKenzie Scott as part of their settlement.
The Amazon’s stock price increased by 76 percent in 2020 due to the steadily increasing growth of online shopping in the face of the COVID-19 pandemic. Bezos stepped down as CEO of Amazon on July 5, 2021, and became the company’s executive chair. After Bill Gates in 1999, Jeff Bezos became the first man with a net worth of more than $100 billion when he took Amazon public in 1997. Blue Origin, an aerospace company, The Washington Post 2013, and the 10,000-year clock, also known as the Long Now, are among Jeff Bezos’ other investment opportunities. Jeff Bezos’ net worth is expected to be around $144 billion by 2022. (1)
How Richard Branson Got So Rich
Richard Branson expressed an early willingness to become a business owner. At the age of 16, Richard started his first business, a magazine called Student. Richard started a mail-order record business in 1970. In 1972, he founded Virgin Records, later renamed Virgin Megastoresa record store chain. During the 1980s, Branson’s Virgin brand expanded rapidly as he launched Virgin Atlantic airline and expanded the Virgin Records music label. Branson established the Virgin Rail Group in 1997 to compete for passenger rail franchise stores during the privatization of British Rail. He founded the spaceflight company Virgin Galactic in 2004., based at Mojave Air and Space Port in California, and was known for its SpaceShipTwo suborbital spaceplane designed for space tourism.
Richard is currently worth $5 billion. (2) Branson was honored in March 2000 at Buckingham Palace for “services to entrepreneurship.” He has become a prominent global figure for his retail, music, and transportation work, his taste for adventure, and his humanitarian work. Richard was named one of Time magazine’s “100 Most Influential People in the World” in 2007. In 2021, Richard Branson flew as a passenger on board Virgin Galactic Unity 22, a risky test flight for his company Virgin Galactic. The mission carried on for about an hour and reached a maximum altitude of 53.5 miles. Branson, at the age of 70, became the third oldest person to fly into space.
References
- Top 10 Richest in the world, retrieved from https://www.investopedia.com/articles/investing/012715/5-richest-people-world.asp
- Richard Branson Net Worth, retrieved from https://www.celebritynetworth.com/richest-businessmen/ceos/richard-branson-net-worth/