Jeff Bezos is an American businessman, philanthropist and space explorer who is most likely best known for his creation of Amazon.com. Jeff Bezos is the founder of the company, its chief executive officer, chairman and president of Amazon’s board. Amazon.com. He was the first to surpass Bill Gates in terms of wealth in July of 2017. He was the most wealthy person on earth without interruption from October 2017 until January 2021. At the time of writing, Jeff Bezos has a net worth of $175 billion. According to the latest SEC report, Jeff owns 55 million shares of Amazon which is roughly 12 percent of the total shares in circulation. At one point, the company’s share count was the equivalent of 80 million shares in Amazon.
[lwptoc]In the agreement to divorce in April together with MacKenzie Bezos, Jeff transferred 19.7 million shares to his ex-wife. The value of the shares as of the exchange is $36 billion. The settlement temporarily decreased Jeff’s net worth from 150 billion dollars up to $114 billion. Jeff was also a investors prior to the IPO of Google.com and holds more than $1 billion worth of shares in the company now known under the name Alphabet Inc. For much of the decade, Jeff was not even among either the top 10 nor top 20 richest people on earth. Amazon shares began to sky up in the latter half of 2014. In July 2015 Jeff’s net worth was $50 billion. In just 2 years his wealth (and the value of his stock) was increased by more than a third.
On July 27, 2017, Bezos took over Bill Gates as the most successful person on earth. In September of 2018 the market cap of Amazon topped $1 trillion. This was before his divorce, so he owned the equivalent of 80 million shares. In that time the net worth of Jeff was the record at $170 billion. He quit his finance job in 1994 to start an online store. He wrote his Amazon business plan in his car while driving across the America. His net worth reached $12 billion on the day Amazon was first listed in 1998. The net worth fell to $2 billion following the dotcom bubble burst . worth hit $50 billion for the first time in 2015. The net worth reached $100 billion for the first time in 2018. owns $1 billion worth of Google due to an earlier IPO investment that was worth $136 billion when he and his MacKenzie announced their separation. MacKenzie announced their divorce. MacKenzie was awarded 20 million shares in Amazon which makes her the most wealthy woman in the world .
If not divorced, Jeff’s net worth could easily exceed $250 billion. He owns the Washington Post owns $300 million worth of properties located in Beverly Hills Owns $60m worth of properties in Washington has sold at least 70 billion in Amazon shares so far. Sells 1 billion dollars annually to finance the space-related company Blue Origin Net worth hits $211 billion in July 2021. Are Jeff Bezos the most rich person ever? If we compare Jeff’s highest value of $200,000 with the list we have of wealthiest individuals of all time, after accounting for inflation, Jeff is not even among the top 10. If you take the figure of $200 billion it would represent the 11th highest amount of wealth ever amassed by one person (counting the effects of inflation). To put it in perspective the time when oil billionaire John D. Rockefeller died in the year 2000, his fortune was an inflation-adjusted amount of $340 billion. Could Jeff Bezos Become a Trillionaire? It’s possible! It’s an unattainable goal even if Jeff is relying upon his Amazon shares to achieve the status of a trillionaire. Since he owns 12percent of Amazon’s shares, Jeff is essentially worth $120 billion (on paper) for each $1 trillion milestone in market cap. In other words that to allow Jeff to be billionaire solely based upon his Amazon shares the company’s market capitalization must reach $8.3 trillion. The early life of Jeff Bezos was born on January 12, 1964 , in Albuquerque, New Mexico.
The mother of Jeff was 17-year high school student when they gave birth to Jeff. His father was the owner of a bicycle shop. His mother later divorced Jeff’s birth father. At the age of 4, she got married to an Cuban immigrants known as Miguel Bezos. After getting married, Miguel took the name of Jeff and Jeff’s last name changed legally from Jorgenson and changed to Bezos. The family relocated to Houston in the city where Mike was employed as an engineer at Exxon. They also lived near his parents, who owned an animal ranch to the south from San Antonio. The maternal grandparents of his Mattie Louise Gise were the first cousins of country star George Strait. When he was growing up living in Texas, Bezos used his garage of his parents as a lab to conduct his research. In the summer, he also spent time working on the ranch of his grandparents. Jeff claimed that he developed his work ethic through his time at the ranch.
He also would later buy the ranch and increase it from 25,000 acres to 300,000 acres. The family relocated to Miami at the time Jeff was starting high school. In high school, Jeff was an in-demand cook at McDonald’s. He was valedictorian of his high school and was a National Merit Scholar. In his speech to the valedictorian class the student mentioned his dream that the people of Earth could eventually settle in space. He went to Princeton University with a plan to pursue physics studies, however his passion for computers changed his focus. He graduated from with an 4.2 GPA and Phi Beta Kappa. He graduated with an Associate of Science degree in electrical and computer science engineering. After graduating from college Jeff began working for an IT company that dealt with financial services known as Fitel. Then he moved into the banking sector after he was offered an opportunity to manage product in Bankers Trust.
In 1990, he was employed to work as an analyst in finance at D. E. Shaw & Co. which was a hedge fund which had just was launched on the basis that mathematical models could forecast huge market gains. Jeff was employed at D.E. Shaw until 1994, at the time he was promoted to become the fourth senior vice president. He was just 30 years old. Amazon One year prior, Jeff became fascinated with the new world wide web. He was looking to sell something online, and eventually landed on the idea of selling books. Bezos developed Amazon’s business strategy on a trip across the country between New York to Seattle. The company was officially established in 1994, establishing the first business from his garage. Other Achievements in 2008 Bezos was awarded an honorary doctorate degree in Science and Technology from Carnegie Mellon University In 1999, Bezos was named by Time magazine’s Person of the Year.
The year 2000 was the time that Bezos created Blue Origin Blue Origin, a space-related startup company, partly due to his interest in space travel. Blue Origin includes an early desire to build amusement parks, space hotels and colonies, as well as small cities that could accommodate 2 or 3 million people who orbit the Earth. Blue Origin was a secret company for a while before it was made public in 2006 following the purchase of large amounts of land in the west of Texas to build a launch and testing facility. The year 2013 was the first time Bezos discussed commercial spaceflight possibilities as well as strategies Richard Branson, multibillionaire founder of Virgin Group – during that year, he also bought The Washington Post. Real Estate and Assets On the 12th of February, 2020, it was discovered that Jeff had purchased $255 million worth of houses located in Beverly Hills. The first, referred to by The Jack L. Warner estate was worth $165 million.
The estate is spread over 10 acres located in the heart of Beverly Hills and features a 13600 square feet main residence. The buyer was the entertainment business mogul David Geffen who bought the property in the year 1990 at $47.5 million. Another property Bezos was believed to have purchased in February of 2020 was a vacant hilltop of 120 acres known as Enchanted Hill. The buyer came from the estate of the late Microsoft founding member Paul Allen, who purchased the property at the time of his death for $20 million. Although the land is largely overgrown with weeds, the land has an 1.5 mile drive and a manicured bluffs at their peak. One month after the purchase was announced and the deal was not able to be completed. The total of Jeff’s month-long real estate spree in February was $165 million. Jack L. Warner estate. Other real estate assetsinclude: $12.9 million home located in Beverly Hills, acquired in July of 2018 $24.5 million mansion adjacent to the Beverly Hills home, acquired in 2007 for $23 million. The mansion was located in Washington D.C., acquired in the year 2018. The former museum consists of two buildings measuring 27,000 . square foot of space for living.
It covers 300,000 acres in Texas comprising multiple ranches and 100,000 additional acres spread across different parts of the United States Three units of 25 Central Park West in Manhattan $5 million property located in Medina, Washington, acquired in 1999, a $50 million mansion adjacent to the property in Medina purchased in 2005. Information on Net Worth and History Since Amazon became public, Bezos has sold at about $70 billion worth of his shares. The company sells around 1 billion dollars worth of stock each year in an arrangement for stock sales. On the day that Amazon went public, the company’s market capitalization of $300 million. Jeff was the owner of 40 percent of Amazon in the early days, which gave his total net worth of around $120million (on paper, before tax). In the course of a year, the company had a net worth of $1 billion. At the height of the dotcom bubble , Jeff’s net worth was $10 billion.
Following the burst of the bubble and the price of Amazon’s stock plummeted to a record low of just $5 in the month of October 2001. In that time Jeff’s net worth plummeted to around $1-2 billion. If you were smart enough to invest $10,000 and purchase Amazon shares Amazon in the month of October 2001, you’d be worth more than $13 million, before taking into account dividends. Net worth Milestones May 1997 – $120 million at Amazon’s IPO date. June 1998 – $1 billion for the first time. June 1999 , $10 billion in July 2015 $50 billion January 2018 – 100 billion in July 2018. $150 billion September 2018 $170 billion January 2019 January 2019 – Jeff announces that he will be divorced from the wife of his 25-year marriage, MacKenzie. The result of the divorce will have a huge impact on Jeff’s net worth of $150 billion. April 4 2019, 2019 4th April 2019 Jeff as well as MacKenzie declared that they have come to an amicable settlement of their divorce, in which MacKenzie will receive the sum of $36 billion in Amazon shares.
Jeff will keep 75 percent of the previous stake, and will also have the right to vote on MacKenzie’s shares. MacKenzie will not hold any stake of The Washington Post or Jeff’s Space business Blue Origin. It’s not clear how the couple came to divide their jets and homes. Jeff’s net worth after the announcement was $114 billion. March 9, 2020 $111 billion on July 1, 2020 – $172 billion on July 9, 2020 $190 billion on August 26, 2020 202 billion If you’re following the numbers it took Jeff only three years to become a billionaire following his launch in 1995. It took the entrepreneur 20 years to earn $50 billion, and it took only 2.5 years to earn the second one, which was $50 billion, to make a total of $100 billion. It took only seven months to create the third $50 billion, which is a total of $150 billion. Then he lost $36 billion in an instant by the touch of pen. The summary Jeff Bezos has a net worth of $175 billion. At the time of writing this is the highest amount he has earned on earth. He is the CEO and founder of Amazon.com. He has lost $36 billion of his wealth as a result due to his separation with MacKenzie Bezos, who instantly became one of the top 25 wealthiest people on earth with the settlement.
| Net Worth: | $175 Billion |
| Date of Birth: | January 12, 1964 (58 years old) |
| Gender: | Male |
| Profession: | Entrepreneur, Businessperson |
| Nationality: | United States of America |
Who is richer Elon Musk or Jeff Bezos?
In the latest Forbes list, Musk increased his net worth to $282 billion, which is over $100 billion richer than Amazon founder Jeff Bezos, whose net worth is $183.6 billion, reports the Daily Mail.
How much does Jeff Bezos make in a day?
Jeff Bezos makes around $205 million a day. That amount comes from a series of calculations based on how much he earns according to his salary and his increase in net worth. His salary is modest compared to other billionaires.
How did Jeff Bezos get rich?
Jeff Bezos began his career as a hedge-funder in New York before leaving to start Amazon. Amazon struggled to turn a profit at first, but these days, it’s worth $1.7 trillion. Its share price has hit new highs during the pandemic.\
approximately $2,537 per second
In conclusion, Jeff Bezos, the second richest person globally, earns an insane amount of money. When combining all of his ventures, earning approximately $2,537 per second is more than anyone can dream of.
Does Jeff Bezos take a salary?
As Chief Executive Officer, Director at AMAZON.COM INC, Jeffrey P. Bezos made $1,681,840 in total compensation. Of this total $81,840 was received as a salary, $0 was received as a bonus, $0 was received in stock options, $0 was awarded as stock and $1,600,000 came from other types of compensation.
How much of Amazon does Jeff Bezos own?
about 10%
Bezos, who is worth $202.4 billion, according to the Bloomberg Billionaires Index, has funded his private rocket company Blue Origin, and more recently his philanthropy, using part of his Amazon fortune. He owns about 10% of the online retailing giant.
How tall is Jeff Bezos?
1.71 m
How old is Bezos?
53 years (17 May 1968)
When did Jeff Bezos sell his stock?
In the 15 years after Amazon went public in 1997, Bezos sold about a fifth of the online retailer for around $2 billion. The value of his stake has grown so much in recent years that he can now sell relatively small amounts for billions of dollars. Last year he sold stock worth more than $10 billion.
Who is Jeff Bezos wife?
MacKenzie Scott: Married 1993 – 2019
Where is Jeff Bezos money?
Rather than invest in real estate, almost all of Bezos’s fortune is in Amazon stocks. Bezos is not the only one who understands this-many of America’s wealthiest do, too-and that’s part of the reason they pay so little in taxes compared to their net worth.
Did Jeff Bezos step down?
Jeff Bezos stepped down as Amazon’s CEO on Monday, exactly 27 years since he started the e-commerce giant in a garage in West Bellevue, Wash. Bezos is handing day-to-day duties to his longtime deputy Andy Jassy but will continue to hold considerable sway as the company’s executive chairman.