Finance expert explains how much money Jeff Bezos has using a giant sack of rice
The high percentage of wealth concentrated in a tiny fraction of hands in America is a big concern for many people. The top 1 percent of wealthiest Americans owned 32.3% of the nation’s total wealth at the end of 2021, while the share of wealth held by the bottom 90% was just 30.2%.
It can be hard to comprehend how much money billionaires have when discussing tycoons such as Warren Buffett, Elon Musk, or Jeff Bezos. So, finance educator Humphrey Yang created a TikTok video to give people a good idea of how much money Jeff Bezos has.
In his first video, he provided some perspective on how large a billion is by juxtaposing one grain of rice ($100,000) with 10,000 grains of rice ($1 billion). The bonkers part of the experiment is that he counted out the 10,000 grains by hand, which took him over 12 hours.
This took me hours don’t let it flop #billion #money #personalfinance #rice #xyzbca
To take things a step further and show how much money Amazon founder Jeff Bezos has, he went to Target and bought a digital food scale, then hit up Costco to purchase some large restaurant-size bags of rice. After measuring out $122 billion, it reached 58 pounds of rice.
Rice. Part 2: Jeff Bezos net worth. #rice #billion #billions #amazon #jeffbezos #money #personalfinance #xyzcba
One must note that this video was created in February of 2022, and since then, Bezos’ wealth has grown to over $150 billion.
The video was eye-opening for a lot of Yang’s followers. “This visualization really puts everything into perspective. Great job!” M_o_n_t_a_n_a wrote. “How do people watch this and not go blind with rage at the inequity of this situation?” Sarah Robinson added. “Imagine owning just one grain of rice. Can’t relate,” LeeExplored added.
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