Last updated on July 27th, 2022 at 07:00 am
Born on January 12, 1964, Jeffrey Preston Bezos is an American businessman, media mogul, investor, computer engineer, and commercial astronaut. He was the company’s founder, executive chairman, and previous president and CEO. Bezos is the second wealthiest person in the world as of 2022. Jeff Bezos net worth is $200 billion. He was the richest person from 2017 to 2021. In terms of fortune, he initially overtook Bill Gates in July 2017. Between October 2017 and January 2021, he held the title of richest man without fail.
According to the company’s most recent SEC filing, Jeff holds 55 million shares of Amazon or around 12 percent of the total number of shares outstanding. He had 80 million shares of Amazon at his highest point. As part of their divorce settlement, Jeff Bezos transferred 19.7 million shares to MacKenzie Bezos as of April 2019. The shares were worth $36 billion at the time of the transfer. Jeff’s net worth was temporarily decreased by the settlement from $150 billion to $114 billion. Jeff has at least $1 billion worth of shares in what is now known as Alphabet Inc. and was a pioneering pre-IPO investor in Google.com.
For the majority of the 2000s, Jeff was not even among the top 10 or top 20 richest people on the planet. Amazon’s stock began to skyrocket in late 2014. Jeff had a $50 billion net worth as of July 2015. His net worth (as well as the shares) had doubled in less than two years. On July 27, 2017, Bezos surpassed Bill Gates to become the world’s richest person. The market value of Amazon surpassed $1 trillion in September 2018. He still had 80 million shares at the time because it was before his divorce. Jeff’s net worth exceeded the then-record high of $170 billion at that point.
Jeff Bezos – Overview
|Name||Jeffrey Preston Bezos|
|Date of birth||January 12, 1964|
|Place of Birth||Albuquerque, New Mexico in the United States.|
|Age||58 years old|
|Net worth 2022||$200 billion|
Jeff Bezos’s early life and Career
In Albuquerque, New Mexico, on January 12, 1964, Jeff Bezos was born. When Jeff was born, his mother was a high school student who was 17 years old. His father had a bicycle store. After some time, Jeff’s mother and birth father were divorced. She wed Miguel Bezos, a Cuban immigrant, when he was 4 years old. Soon after the wedding, Jeff’s last name was formally changed from Jorgenson to Bezos and Miguel adopted Jeff. Mike was hired as an engineer by Exxon when the family relocated to Houston.
Additionally, they were nearer to his mother’s parents’ cattle ranch south of San Antonio. George Strait, a country music star, was a first cousin of his maternal grandmother Mattie Louise Gise.
Bezos conducted his science experiments in his parents’ garage while still a child in Texas. Additionally, he would put in summers at his grandparents’ ranch. Later, Jeff would assert that his summers at the ranch were where he developed his work ethic. Later on, he would buy the ranch and increase its size from 25,000 to 300,000 acres.
When Jeff started high school, the family relocated to Miami. Jeff worked at McDonald’s as a short order cook while still in high school. He was a National Merit Scholar and the valedictorian of his high school. He spoke of his hope that one day humans would occupy space in his valedictory speech.
He enrolled at Princeton University with the intention of studying physics, but his passion for computers led him to change his major. His final grade point average was 4.2 and he was a Phi Beta Kappa graduate. He received a Bachelor of Science in electrical engineering and computer science.
Jeff started working for Fitel, a company that specializes in financial technology, after graduating from college. When he was offered a position in product management at Bankers Trust, he eventually made the switch to the banking sector. He was employed in 1990 as a financial analyst by D. E. Shaw & Co., a hedge fund that had just begun operations with the belief that sophisticated mathematical modeling might forecast significant market gains.
Jeff continued to work at D.E. Shaw until 1994, when he was promoted to the position of fourth senior vice president. Thirty years old was him.
Jeff Bezos’s Net Worth
Bezos has sold shares in Amazon worth at least $70 billion in the 20 years since the company went public. He engages in organized stock sales every year, selling shares for about $1 billion.
Amazon had a $300 million market cap on the day it went public. Jeff had a net worth of $120 million at the time and owned 40% of the business (on paper, pre-tax). He was worth $1 billion after a year.
When the dot-com bubble was at its height, Jeff’s net worth was over $10 billion. Amazon’s stock price hit an all-time low of $5 per share in October 2001 as the bubble broke. Jeff’s net worth dropped to between $1 and 2 billion at that time.
Net Worth Milestones
May 1997 – $120 million on the company’s IPO date.
June 1998 – $1 billion for the first time
June 1999 – $10 billion
July 2015 – $50 billion
January 2018 – $100 billion
July 2018 – $150 billion
September 2018 – $170 billion
2019 January: Jeff files for divorce from MacKenzie, his wife of 25 years. It is obvious that Jeff’s $150 billion net worth will be significantly impacted by the outcome of this divorce.
On April 4, 2019, Jeff and MacKenzie declared that their divorce had been settled amicably and that she will receive $36 billion worth of Amazon stock. Having voting rights over MacKenzie’s shares, Jeff will keep 75% of his previous position. Neither The Washington Post nor Jeff’s space company Blue Origin will grant her any ownership rights. How the couple opted to divide their multiple residences and jets is unknown. Immediately after the news, Jeff’s net worth increased to $114 billion.
March 9, 2020 – $111 billion
July 1, 2020 – $172 billion
July 9, 2020 – $190 billion
August 26, 2020 – $202 billion
If you’re keeping count, Jeff launched in 1995 and it only took him three years to become a billionaire. He spent 20 years making his first $50 billion, but it only took him 2.5 years to make his second, for a total of $100 billion. His third $50 billion, for a total of $150 billion, was made in just 7 months. Then, with the click of a pen, he lost $36 billion in an instant.
Jeff Bezos’s Amazon
Jeff first became interested in the developing World Wide Web a year ago. He decided to sell books online because he wanted to sell something. Bezos wrote the business strategy for Amazon while traveling from New York to Seattle. In 1994, he formally established the company, opening the first location in his garage.
Jeff Bezos’s other accomplishments
In addition to being selected Time magazine’s Person of the Year in 1999, Bezos received an honorary doctorate in science and technology from Carnegie Mellon University in 2008. Bezos started the human spaceflight startup company Blue Origin in 2000 in part as a result of his obsession with space travel. Blue Origin had an early interest in creating small cities with a population of 2 or 3 million people orbiting the Earth, as well as space hotels, theme parks, and colonies.
The business was kept under wraps for a few years before going public in 2006, following the acquisition of a big parcel of land in west Texas for a launch and test site. Bezos and Virgin Group billionaire Richard Branson discussed potential and methods for commercial spaceflight in 2013. That same year, Bezos also bought The Washington Post.
Jeff Bezos’s Real Estate and Assets
On February 12, 2020, it came to light that Jeff had spent $255 million on two Beverly Hills houses. The price of the first home, dubbed the Jack L. Warner estate, was $165 million. The estate has a 13,600-square-foot main home and spans 10 beautiful acres in the center of Beverly Hills. Entertainment tycoon David Geffen sold the house after purchasing it in 1990 for $47.5 million.
Bezos reportedly purchased a second property in February 2020 that was a 120-acre empty hilltop known as Enchanted Hill. Paul Allen, the late founder of Microsoft, sold the property on his estate for $20 million in 1997. The land is primarily overgrown with weeds, although it does include a 1.5-mile driveway and a well-kept cliff at its highest point. The purchase actually didn’t go through a month after it was announced. Jeff spent a total of $165 million for the Jack L. Warner home during his real estate binge in February 2020.
Jeff Bezos’ other real estate assets:
In July 2018, a $12.9 million Beverly Hills mansion was purchased.
Next door to the Beverly Hills residence mentioned above is a $24.5 million property that was bought in 2007.
2018 purchase of a $23 million mansion in Washington, D.C. A former museum consisting of two structures with a combined dwelling area of 27,000 square feet.
Texas has 300,000 acres, including numerous ranches. 100,000 more acres spread across the nation
Manhattan’s 25 Central Park West contains three apartments.
5-acre property in Medina, Washington, purchased in 1999 for $10 million
$50 million mansion close to his Medina property, bought in 2005
Jeff Bezos, a philanthropist
Between 2009 and 2017, Bezos gave the Fred Hutchinson Cancer Research Center multiple times. He gave $500,000 to Worldreader, a charity started by a former Amazon worker, in 2013.
Amazon CEO Jeff Bezos donated $1 million to the Reporters Committee for Freedom of the Press in May 2017. This organization represents American journalists and offers free legal counsel. He asked for suggestions on charity in a tweet on June 15, 2017, writing, “I’m thinking about a philanthropy strategy that is the antithesis of how I generally spend my time—working on the long term.”
According to a Business Insider report from September 2018, Bezos was the only one of the top five global billionaires who has not signed the Giving Pledge, a program started by Warren Buffett and Bill Gates that calls on affluent people to donate the bulk of their fortune.
In the same month, CNBC reported that Janet Camarena, head of transparency initiatives at Foundation Center, had concerns about Bezos’s new Day 1 Fund, particularly the fund’s organization and the precise method of funding.
Bezos’ lifetime contributions to philanthropic groups were expected to total $100 million at the time of the article. In response, some opinion writers urged Bezos to increase wages for Amazon warehouse employees. He tweeted in June of the following year that he would reveal two philanthropic focuses before the end of the summer of 2018.
Bezos declared in September 2018 that he will contribute about $2 billion to a fund to address homelessness in America and launch a network of nonprofit preschools for communities of color. He pledged to start the “Day 1 Families Fund” and the “Day 1 Academies Fund” to fund homeless families’ daycare facilities and early childhood education, respectively, as part of this announcement.
Jeff Bezos’s Relationship
Bezos met novelist MacKenzie Tuttle, a research associate at the company, while he was working for D. E. Shaw in Manhattan in 1992; they were married a year later. They relocated across the nation to Seattle, Washington, the city where Bezos established Amazon, in 1994. Four kids—three sons and one daughter—were adopted from China by Bezos and his ex-wife MacKenzie. They split amicably in 2019, according to reports, and they divorced.
In 1998, the couple bought a mansion in Seattle’s Medina area. It included two houses with a combined area of around 29,000 square feet. The next property, which included five acres and a 24,000 square foot home, was bought by Bezos in 2010. The property is thought to be Bezos’ main residence.
Frequently Asked Questions about Jeff Bezos
What is Jeff Bezos’s full name?
Jeffrey Preston Bezos
Who is Jeff Bezos’s ex-wife?
A novelist, MacKenzie Tuttle
When was Jeff Bezos named the richest man in modern history?
Bezos was named the “richest man in modern history” after his net worth increased to $150 billion in July 2018.
Is Jeff Bezos the richest man ever?
Although Jeff Bezos might not currently or even historically be the richest person, that could alter at any point.
Does Jeff Bozos own any Luxury things?
In addition to his significant real estate holdings, Bezos also has two Gulfstream private jets in his fleet of personal planes. In order to house his aircraft, his limited liability business, Poplar Glen, invested $5.5 million in a hangar at Seattle’s Boeing Field in 2015.
When did Jeff Bezos Retire as the CEO of Amazon?
On July 5, 2021, Jeff Bezos announced his resignation as CEO of Amazon, the company he established which catapulted him to fame. He picked that day because it was special to him. After all, the day the company was incorporated in 1994 marked its 27th anniversary.
What Companies Does Jeff Bezos Own?
Bezos founded Amazon and also owns The Washington Post and Blue Origin, a business that conducts space exploration.
American entrepreneur, philanthropist, and space explorer Jeff Bezos is probably best known for founding Amazon.com. Amazon.com was founded by Jeff Bezos, who also serves as its president, chief executive officer, and chairman of the board.
The total wealth of Jeff Bezos is $200 billion. That makes him the richest person in the world as of this writing. He is the company’s founder and CEO. His divorce from MacKenzie Bezos cost him $36 billion, and as a result, she immediately rose to the status of one of the world’s 25 richest individuals.
Everything is conceivable! But if he intends to become a trillionaire just by selling his Amazon shares, that seems like a rather ambitious goal. For every $1 trillion market cap milestone, Jeff is essentially worth $120 billion (on paper) as the owner of 12% of Amazon’s shares. In other words, the market capitalization of the company would have to exceed $8.3 trillion for Jeff to become a billionaire solely on the basis of his Amazon shares.