Jeff Bezos made over $7.9 million an hour every hour in 2023; in under 13 minutes, he brought in the equivalent of what the typical person earns in a lifetime

Jeff Bezos made over $7.9 million an hour every hour in 2023; in under 13 minutes, he brought in the equivalent of what the typical person earns in a lifetime, per Benzinga.

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To provide context, Bezos garners the equivalent of the median lifetime earnings of an average U.S. worker—$1.7 million in 2023—in approximately 0.21 hours or roughly 12.76 minutes. In simpler terms, what a typical worker earns throughout their entire career, Bezos accumulates in just under 13 minutes.

Bezos's wealth accumulation is primarily propelled by his ownership of Amazon stock. Since Amazon's initial public offering in 1997, the company has undergone substantial growth, not only in online retail but also in sectors like cloud computing through Amazon Web Services and digital streaming. These expansions consistently drive up Amazon's stock price, significantly impacting Bezos's net worth. In 2023, Amazon's global retail e-commerce sales were projected to reach $746.22 billion, underscoring the company's dominant position in the e-commerce industry.

For fiscal 2022, Bezos received a total compensation of $1.7 million, comprising a base salary of $81,840, devoid of bonuses, stock options, or awarded stock. The remaining $1.6 million originated from other types of compensation. Notably, Bezos's base salary has remained unchanged since 1998.

Over the years, Bezos has liquidated approximately $27 billion worth of Amazon stock, including a significant sale in 2010 involving 6 million shares valued at $793 million.

Beyond Amazon, Bezos has diversified his investments, founding Blue Origin Enterprises—a private spaceflight company with ambitious endeavors such as constructing space hotels and amusement parks. Additionally, he acquired The Washington Post in 2013 and invested in various ventures like Arrived Homes, enabling individuals to invest in rental properties for as little as $100.

His investment portfolio spans emerging technologies to traditional media, showcasing his adeptness at identifying and capitalizing on diverse business opportunities. This diversified approach not only shields his financial assets from market volatility but also positions him at the forefront of multiple pioneering industries.