Jeff Bezos Net Worth: Jeff Bezos is a businessman and Jeff Bezos has a net worth of $107 Billion. Read more about net worth, biography, wife, age, height, family, companies and invest.
|Net Worth:||$107 Billion|
|Date of Birth:||Jan 12, 1964 (58 years old)|
|Place of Birth:||Albuquerque|
|Nationality:||United States of America|
Jeff Bezos Net Worth
American entrepreneur, philanthropist, and space traveler Jeff Bezos is most famous for founding the online retail giant Amazon.com. Amazon.com was founded by Jeff Bezos, who also serves as CEO, president, and chairman of the board. In July of 2017, he became the world’s wealthiest person, surpassing Bill Gates. From October 2017 until January 2021, he reigned uncontested as the world’s wealthiest individual.
As of the time of this writing, Jeff Bezos is worth $107 billion.
According to Amazon’s last SEC filing, Jeff holds 55 million shares, or around 12% of the firm. His peak Amazon stock holdings were 80 million. Jeff Bezos gave his ex-wife MacKenzie Bezos 19.7 million shares of Amazon stock as part of their divorce settlement in April of this year. Shares were worth $36 billion at the time of the transfer. Since the settlement, Jeff’s wealth has dropped from $150 billion to $114 billion. Jeff invested in Google.com before it went public and now has at least $1 billion worth of stock in Alphabet Inc.
For the majority of the decade of the 2000s, Jeff wasn’t even among the top 10 or 20 wealthiest people on the planet. After a slow start, Amazon stock began to soar in late 2014. During the month of July 2015, Jeff amassed a net worth of $50 billion. His fortune doubled (along with the value of the stock) in less than two years. Bezos surpassed Gates on July 27th, 2017, making him the wealthiest person in the world. The market value of Amazon reached $1 trillion in September 2018. Back then, he still had 80 million shares after his divorce was finalized. Jeff’s net worth was estimated at $170 billion at that time, which was a record at the time.
The Most Important Facts About Jeff Bezos
- He left a career in banking in 1994 to create an online bookstore.
- Amazon’s business plan was penned on the road while Bezos drove across the country.
- On the day of Amazon’s IPO in 1998, the company had a net worth of over $12 billion.
- Following the bursting of the dotcom bubble, their wealth plummeted to $2 billion.
- In 2015, for the first time ever, wealth exceeded $50 billion.
- In 2018, for the first time, wealth exceeded $100 billion.
- invests $1 billion before an IPO and now owns a portion of Google.
- Had a net worth of $136 billion on the day he and MacKenzie announced their divorce.
- After receiving 20 million shares in Amazon, MacKenzie became the wealthiest woman on the planet.
- Their combined wealth would have exceeded $250 billion if Jeff and his ex-wife had never split.
- holding company that operates The Washington Post
- About $300 million in Beverly Hills real estate
- Holds Washington real estate valued $60 million.
- Amounts to at least $70 billion in Amazon stock sold to date
- Sells $1 billion annually to support Blue Origin’s operations in space.
- By July of 2021, wealth will have reached $211 billion.
Jeff Bezos: Was he ever the richest person ever?
Even after accounting for inflation, Jeff’s peak net worth of $200 billion does not place him in the top 10 of our ranking of the wealthiest persons in history. If you use the figure of $200 billion, it would be the eleventh greatest fortune ever amassed by a single person (counting inflation). In comparison, oil magnate John D. Rockefeller was valued almost $340 billion after accounting for inflation when he passed away.
Is It Possible for Jeff Bezos to Become a Billionaire?
It’s all within reach. Nonetheless, if he plans to become a trillionaire only through his Amazon stock, it is an incredibly ambitious goal. With his 12% stake in Amazon, Jeff’s paper worth increases by $120 billion at each each $1 trillion market cap milestone. In other words, if Jeff wanted to become a billionaire solely from his Amazon shares, the market cap of the company would need to be more than $8.3 trillion.
The Early Life of Jeff Bezos
On January 12, 1964, Jeff Bezos was born in Albuquerque, New Mexico. His mom was just a teen when she had Jeff; she was a senior in high school. The family business was a bicycle shop, which his father ran. His mom separated from Jeff’s biological dad. She wed Miguel Bezos, a Cuban immigrant she met when he was four years old. Not long after the couple tied the knot, Miguel adopted Jeff, and Jeff legally changed his name from Jorgenson to Bezos. Mike’s family followed him to Houston after he accepted an engineering position with Exxon. His maternal grandparents had moved there from their cattle ranch south of San Antonio, so the family was closer to them. George Strait’s mother was a first cousin of his maternal grandmother, Mattie Louise Gise.
Bezos utilized his parents’ garage as a makeshift lab all through his Texas childhood. He also used to spend his summers helping out at his grandparents’ ranch. Years later, Jeff would credit his summers spent working on the ranch as the foundation for his work ethic. Additionally, he would eventually buy the ranch and increase its size from 25,000 to 300,000 acres.
Near the start of Jeff’s junior year in high school, the family uprooted and headed for Miami. Jeff worked at McDonald’s as a quick-service chef during his senior year of high school. In high school, he was the class president and a National Merit Scholar. He shared his hope that humanity would one day inhabit other planets in the universe during his valedictory address.
He initially planned to major in physics at Princeton, but his interest in computers led him to change his mind. In the end, he finished at the top of his class with a 4.2 GPA, Phi Beta Kappa. He studied computer science and electrical engineering in college and graduated with a Bachelor of Science.
Following his graduation from university, Jeff began working at Fitel, a financial technology company. After that, he changed industries and began working in banking, namely as a product manager for Bankers Trust. In 1990, he got a job as a financial analyst at D. E. Shaw & Co., a hedge fund founded on the premise that sophisticated mathematical modeling could accurately anticipate large market profits.
Before leaving D.E. Shaw in 1994, Jeff had worked his way up the ranks to become the company’s fourth senior vice president. The man had reached the age of 30.
Companies founded by Jeff Bezos’s son
It was a year ago that Jeff first discovered the emerging internet and was instantly hooked. As he considered what he could sell on the Internet, he settled on books. As Bezos drove from New York to Seattle, he came up with the idea for Amazon. In 1994, he officially established the corporation, having started out of his garage.
What else has Jeff Bezos accomplished?
In 1999, Bezos was selected Time magazine’s Person of the Year, and in 2008, he got an honorary doctorate in Science and Technology from Carnegie Mellon. Partially motivated by his interest in space exploration, Bezos launched Blue Origin, a startup firm for human spaceflight, in the year 2000. One of Blue Origin’s earliest goals was to create a habitat for two or three million people in low Earth orbit, complete with habitable hotels, theme parks, colonies, and tiny towns. After purchasing a substantial tract of property in west Texas for a launch and test facility, the business went undercover for a few years until emerging to the public eye in 2006. Bezos purchased The Washington Post the same year he had a conversation with Richard Branson, the multibillionaire creator of Virgin Group, about commercial spaceflight potential and methods.
Properties and Holdings Owned by Jeff Bezos
Jeff and MacKenzie bought a property on two great acres in Beverly Hills, California, for $24.5 million in 2007. In 2018, they spent $12.9 million on the neighboring property. As part of their 2019 divorce settlement, MacKenzie was given the joint ownership of their two properties. As of August 2022, MacKenzie has disclosed that she had given the properties to the California Community Foundation. The combined property’s value was estimated at $55 million at the time of the donation.
As of the 12th of February, 2020, it was public knowledge that Jeff had spent $255,000,000 on a pair of Beverly Hills mansions. The first estate, named after its owner, Jack L. Warner, set the buyer back $165 million. The estate’s main home is 13,600 square feet, and its 10 luscious acres are located in the center of Beverly Hills. David Geffen, a billionaire in the entertainment industry, purchased the building in 1990 for $47.5 million and is now the seller.
The second piece of real estate that Bezos was said to have purchased in February of 2020 was a vacant hilltop with the whimsical name “Enchanted Hill.” The site was originally purchased in 1997 for $20 million by the estate of Microsoft co-founder and late entrepreneur Paul Allen. While the majority of the land is overgrown with weeds, the property’s summit features a groomed bluff and a 1.5-mile driveway. Once the news of the purchase had circulated for a month, the agreement began to fall through. That means the Jack L. Warner estate was Jeff’s only real estate purchase during his February 2020 spending spree, which totaled $165 million.
Jeff Bezos has other properties as well:
- House in Washington, DC, purchased in 2018 for $23 million. Two adjoining structures that once made up a museum and now make up a 27,000 square foot residential complex
- numerous ranches on a total of 300,000 acres in Texas
- One hundred thousand extra acres dispersed across the country
- Located at 25 Central Park West, this Manhattan building contains three apartments.
- An expensive 5-acre piece of land in Medina, Washington, purchased in 1999 for $10 million.
- Next door to his Medina home is a $50 million estate that he bought in 2005.
Information About Jeff Bezos’s Wealth And Its Development
To the tune of $70 billion, Bezos has cashed out on his Amazon shares in the 20 years since the company went public. As part of a predetermined stock sale arrangement, he regularly offloads shares worth about $1 billion.
The company’s market value was $300 million on the day it went public. Jeff was worth $120 million at the time because he owned 40% of the company (on paper, pre-tax). In little than a year, he had amassed a billion dollars. Jeff’s wealth hit over $10 billion at the height of the dotcom bubble. Following the bursting of the dot-com bubble in October 2001, Amazon’s stock price plummeted to a record low of $5 per share. After that, Jeff lost between $1 and $2 billion of his wealth.
If you were astute enough to put away $10,000 in October of 2001 to buy Amazon stock, you would have over $15 million now, and that’s before dividends.
Milestones in Jeff Bezos’s Net Worth
- When the company went public in May of 1997, it raised $120 million.
- One billion dollars reached in June 1998.
- 10 billion dollars in June of 1999
- $50 billion in July 2015
- Billion Dollars in January 2018
- July 2018: $150 Billion
- The September 2018 total was $170 billion.
Jeff filed for divorce from his wife of 25 years, MacKenzie, in January 2019. The outcome of Jeff’s divorce, which could affect his $150 billion fortune, is obvious.
April 4, 2019 – It was reported that Jeff and Mackenzie had settled their divorce amicably, with Mackenzie receiving $36 billion in Amazon stock from Jeff. With respect to MacKenzie’s shares, Jeff will keep 75% of his original investment and retain voting control. Neither Jeff’s space company Blue Origin nor The Washington Post will be in her name. It’s not known why or how the couple decided to divide up their properties and planes. Jeff’s wealth increased by $14 billion in the seconds after the news broke.
- $111 billion on March 9, 2020.
- As of the first of July, 2020: $172 billion
- The figure on July 9, 2020, is $190 billion.
- Date: August 26, 2020, $202 billion
- December 2022: $117 billion
- On the 1st of January, 2023, $107 billion
If you’re keeping score at home, you’ll know that Jeff went from zero to a millionaire within three years after his start in 1995. He amassed $100 billion throughout the course of his career; it took 20 years to earn the first $50 billion, but only 2.5 years to earn the second $50 billion. His third $50 billion profit brought his total wealth to $150 billion, and it only took 7 months. And with the stroke of a pen, he wiped out $36 billion in value.
Changes in Jeff Bezos’s Wealth Over Time
- It was $150,000,000 in June of 1997.
- The sum was $1 billion in June of 1998.
- As of June 1999, $10 billion
- In March of 2000, $6 Billion was spent.
- In the month of December 2000, $2 billion was spent.
- Spending in September 2001: $1.5 Billion
- $2.5 Billion as of September 2003
- 5,1 billion dollars as of September 2004
- September 2005: $4,1 billion
- As of September 2006, this amount was $4.3 billion.
- Average monthly sales for September 2007: $8.7 billion
- Estimated $8.2 billion in September of 2008
- Total as of September 2009: $6.8 billion
- Total in September 2010: $12.6 Billion
- Total: $18 Billion in September 2011
- The total for the month of December 2012 was $23.2 billion.
- In October of 2013, $29 billion was spent.
- In December of 2014, $30.50 billion was recorded.
- In July of 2015, $50 billion
- Forty-five billion dollars as of the month of October, 2016
- Estimated $73 billion as of the end of 2017
- To the tune of $150 billion as of July 2018
- At $170 Billion as of September 2018,
- This April, $114 billion will have been made.
- $190 Billion in July of 2020
- As of July 2021, $213 billion
- The sum will be $117 billion in November of 2022.