Jeff Bezos
- Current net worth-183 billion
- Net worth in 2017-100 billion
- Percentage increase-83%
- Age-58
Elon Musk
- Current net worth-237 billion
- Net worth in 2017-19.6 billion
- Percentage increase-1109%
- Age-50
Many believe there will be a trillionaire in the next decade and it’ll be one of these two.
Based on growth, most would guess Elon Musk, but there’s an obvious plateau that happens.
An example being Bezos, who was reported to be worth 4 billion in 2005 and a decade later would be worth nearly 100 billion dollars.
Even with Tesla growing in value, it doesn’t make it likely that radical growth continues.
Also, judging everything, Bezos and Musk both have the majority of their wealth from their companies Amazon and Tesla.
Jeff Bezos owns 10% of Amazon.
Amazon is currently worth 1.6 trillion.
Elon Musk owns 17% of Tesla.
Tesla is worth 935 billion.
Comparing the companies, Amazon has a clear advantage.
Amazon made 469 billion in revenue for 2021.
Profit was 33 billion.
Revenue was up from 21.5% from 2020.
Tesla made 53.8 billion in revenue for 2021.
Profit was 5.5 billion, mainly off tax credits.
Revenue up 71% from 2020.
That sounds really good for Tesla, looking at how revenue grew, but they have some issues.
First up is competition, where the company could lose the status as the number one electric car producer.
Volkswagen is now outpacing Tesla in Europe for new car sales and building in America.
Also, for electric cars planned to be sold.
- Audi
- Cadillac
- Ford Light
- BMW
- Buick
- Chevrolet
- Canoo
- Ford Explorer
These are just a few of about 30-40 electric cars hitting the market this year or in the next two years.
That likely will have an impact on Tesla and even if revenue grows, valuation could suffer heavily in Toyota or another company surpass them in electric car revenue, which is possible.
Amazon on the other hand keeps growing, where it’s on pace to be the first company to make over a trillion in revenue this decade.
That being said though, there’s a big problem for Jeff Bezos.
The margins always have been a little flat and likely will stay that way, where Amazon is similar to Walmart and every other retailer.
Comparing Musk to Bezos, they also both own space companies with SpaceX and Blue Origin, which will probably IPO at some point.
Clearly SpaceX will do better in an IPO and even with revenue/profit being not the biggest, the twitter excitement could get it over 100b in market cap and grow Elon Musk’s net worth.
That said, I don’t think either of these two guys become the first trillionaire, because that I think goes to Mark Zuckerberg.
Mark Zuckerberg owns 13% of Facebook.
Revenue was 117 billion in 2021.
Up 37% from 2020.
Profit was also 39.4 billion.
A 33% margin, that’s growing.
Mark Zuckerberg has by far the most financially well off company with the most diversity in revenue streams, least competition and best margins.
He also has the following working for him.
- He’s the youngest at 37, meaning even if the market slows down interest in tech companies, he still has the most time.
- Facebook becoming Meta to focus on Oculus, killed it in 2021, outselling all other VR competitors combined.
- Even with the stock going down, there’s some evidence his stake in the company will go up buying more, not less.
My gut feeling is Meta or whatever people want to call it will eventually go back up in value and not only become a trillion dollar company, but has a shot for largest company on earth.
That’s why while I doubt any of these three guys become a trillionaire soon, it’d probably be Zuckerberg.