| Net Worth: | $127 Billion |
|---|---|
| Age: | 60 |
| Born: | January 12, 1964 |
| Gender: | Male |
| Height: | 1.71 m (5 ft 7 in) |
| Country of Origin: | United States of America |
| Source of Wealth: | Founder of Amazon |
| Last Updated: | Aug 3, 2024 |
What is Jeff Bezos’ net worth?
Jeff Bezos is now at the top of the list of the richest with an estimated net worth of $127 Billion. This figure comes from Forbes’ real-time figures.
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Jeff Bezos is the founder of the world-famous Amazon, which is said to be one of the largest and most successful online marketplaces in the world.
There’s been a lot of talks recently about who the richest person in the world is, and Jeff Bezos’s net worth has been fluctuating a lot recently.
However, Jeff has now de-throned Bill Gates and has become the richest man in the world.
Jeff Bezos – Key Facts
- Jeff Bezos founded Amazon in 1994 as an online bookstore.
- He listed Amazon in an initial public offering at $18 per share in 1997. Afterwards, Amazon’s stock increased to over 40 times what it was worth before.
- He made the Forbes 400 list for the first time in 1998.
- He was named Time’s Person of the Year in 1999.
- He founded Blue Origin, an aerospace company, in 2000.
- He founded Amazon Studios in 2010, distributing movies and series through theaters and Amazon Prime Video.
- Jeff Bezos bought The Washington Post for $250 million in 2013.
- He became the wealthiest person in the world in 2018, when he surpassed Bill Gates.
- He stepped down as Amazon’s CEO in 2021.
- He was part of Blue Origin’s first human flight in 2021.
- Over the years, Jeff Bezos sold over $27 billion worth of Amazon’s stock (before taxes).
Early Life
Jeffrey Preston Bezos was born on January 12th, 1964 in Albuquerque, New Mexico.
His mother, Jacklyn Gise Jorgensen was just 17 at the time of his birth, and his father, Ted Jorgensen was 18 and a bike shop owner.
Jacklyn and Ted’s marriage didn’t last long, and Jacklyn married Miguel Bezos when Jeff was four years old. Miguel adopted Jeff, and he changed his last name to Bezos.
His grandfather was a regional director of the U.S. Atomic Energy Commission there, and he retired early to the ranch. Jeff spent many summers there as a youth, working with him.
Bezos often displayed scientific interests and technological proficiency; he once rigged an electric alarm to keep his younger siblings out of his room.
Jeff attended Miami Palmetto High School, where he took part in the Student Science Training Program at the University of Florida, receiving a Silver Knight Award.
After high school, Jeff Bezos attended Princeton University and graduated in 1986 with degrees in electrical engineering and computer science.
Career
Jeff graduated in 1986 from Princeton University and went to work on Wall Street in the field of computer science. After that, he then built a network for international trade for a company known as Fitel.
Later, he worked at Bankers Trust, and he also worked on Internet-enabled business opportunities at the hedge fund company D. E. Shaw & Co.
In 1994, he founded Amazon.com, which started out as an online used bookstore. The inventory quickly grew, as did the popularity of the site; and in 1998, Jeff made the Forbes 400 list.
Amazon has become the largest online retailer in the world, employing over 800,000 people, and to think it all started in Bezos’ home with him selling second-hand books.
In 2018, Bezos became the richest man in the world, knocking Bill Gates off the top spot.
At the time, his net worth reached $150 billion; however, this was before his divorce from his marriage with MacKenzie Bezos.
She received roughly $35 billion in Amazon stock as a result of the divorce, coincidently making her one of the richest women in the world.
It went down as the most expensive divorce in history.
Amazon CEO Jeff Bezos’ net worth is roughly $127 Billion.
Jeff Bezos Net Worth Over Time
| Year | Net Worth |
|---|---|
| 1997 | $150 Million |
| 1998 | $1.6 Billion |
| 1999 | $10.1 Billion |
| 2000 | $6.1 Billion |
| 2001 | $2 Billion |
| 2002 | $1.5 Billion |
| 2003 | $2.5 Billion |
| 2004 | $5.1 Billion |
| 2005 | $4.1 Billion |
| 2006 | $4.3 Billion |
| 2007 | $8.7 Billion |
| 2008 | $8.2 Billion |
| 2009 | $6.8 Billion |
| 2010 | $12.6 Billion |
| 2011 | $18.1 billion |
| 2012 | $18.4 Billion |
| 2013 | $25.2 Billion |
| 2014 | $32 Billion |
| 2015 | $34.8 Billion |
| 2016 | $45.2 Billion |
| 2017 | $72.8 Billion |
| 2018 | $112 Billion |
| 2019 | $131 Billion |
| 2020 | $113 Billion |
| 2021 | $177 Billion |
| 2022 | $171 Billion |
| 2023 | $114 Billion |
| 2024 | $193.3 Billion |
How does Jeff Bezos spend his money?
Jeff Bezos is the richest person in the world. His home base, in Medina, is estimated to be worth $25 million. Neighbors include the No. 2 richest guy in the world, Bill Gates.
In Manhattan, Bezos’ three linked apartments in The Century building on Central Park West are worth at least $17 million, according to Wealth-X.
Bezos also financed the recovery of “the remains of several Apollo booster-rocket engines from the bottom of the Atlantic Ocean 14,000 feet down,” starting in 2013, according to the Seattle Times.
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He owns a top-of-the-line, $65 million private jet; the 2015 Gulfstream G-650ER, via his holding company, Poplar Glen. Bezos Expeditions has invested in businesses including Basecamp, Juno Therapeutics, Workday, and Twitter.
The estimated value of Bezos’ stake in Bezos Expeditions is at least $880 million, according to Wealth-X.
In 2017, Bezos gave $35 million to Seattle’s Fred Hutchinson Cancer Research Center, reports The New York Times. And, Bezos also gave $1 million to the Reporters Committee for Freedom of the Press.
Highlights
Here are some of the highlights of Jeff Bezos’ career:
- Founded Amazon (1994)
- Makes the Forbes 400 List (1998)
- Founds Blue Origin (2000)
- Dot Com bubble bursts (2001)
- Launches Amazon Web Services (2006)
- Launches Amazon Studios (2010)
- Buys the Washington Post for $250 million (2013)
- Overtakes Warren Buffett as 2nd richest (2016)
- Becomes Richest Man in the World (2018)
Favorite Jeff Bezos Quotes
“You have to be willing to be misunderstood if you’re going to innovate.” – Jeff Bezos
“One of the only ways to get out of a tight box is to invent your way out.” – Jeff Bezos
“I knew that if I failed I wouldn’t regret that, but I knew the one thing I might regret is not trying.” – Jeff Bezos
“A company shouldn’t get addicted to being shiny because shiny doesn’t last.” – Jeff Bezos
“If you do build a great experience, customers tell each other about that. Word of mouth is very powerful.” – Jeff Bezos
“If you don’t understand the details of your business you are going to fail.” – Jeff Bezos
View our larger collection of the best Jeff Bezos quotes!
3 Key to Success from Jeff Bezos
Now you know all about Jeff Bezos’ net worth and success story, here are some of the best success lessons to learn from Bezos:
1. Prepare to Fail
Bezos didn’t actually expect to succeed when he first created Amazon.com. Back then, the online game was very new, and the security of such was uncertain. Bezos took a risk, and he knew that there was a great chance of failure.
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However, his mindset paid off big time.
2. Play the Long Game
In the early days of Amazon, Bezos warned investors that the company was years away from turning a profit.
Bezos’s vision included recognizing that things wouldn’t always be easy, and that to become profitable, you have to work your way there; which involves envisioning and playing the long game.
3. Start Small, Then Diversify
Amazon began with books. It was a humble and simple beginning to the online empire. Today, however, Amazon sells a ridiculous number of things.
The lesson here is to start with what you know, and then proceed to diversify and expand!
What Are Some Interesting Facts About Jeff Bezos?
- Bezos’ parents were initially hesitant about his decision to start Amazon, and his stepfather Mike reportedly asked him, “What’s the internet?”
- Bezos once worked at McDonald’s as a teenager, and has said that his time working at the fast food chain taught him the importance of hard work and customer service.
- Bezos is a huge Star Trek fan, and he even had a cameo in the 2016 movie “Star Trek Beyond.”
- In 2013, Bezos purchased the Washington Post for $250 million, which some saw as an unexpected move for an online retail mogul.
- Bezos has invested in a number of other companies, including Twitter, Uber, and Airbnb.
- Bezos is known for his sense of humor, and has been known to play pranks on his employees
- Bezos is a big believer in the power of experimentation and taking risks and has famously said, “I knew that if I failed, I wouldn’t regret that, but I knew the one thing I might regret is not trying.”
Frequently Asked Questions
Here are some of the most commonly asked questions about Jeff Bezos and his net worth:
How Did Jeff Bezos Become So Successful?
Jeff Bezos became successful by having a clear vision and executing it. He saw the potential of e-commerce and started Amazon as an online bookstore.
He then expanded the company to sell a wide range of products and services, including cloud computing, streaming video and music, and more. Bezos also prioritized customer service and convenience, which helped Amazon become a dominant force in e-commerce.
What Are Some of Jeff Bezos’ Philanthropic Efforts?
Jeff Bezos has made several significant philanthropic efforts throughout his career.
In 2018, he and his now ex-wife, MacKenzie Scott, announced the creation of the Bezos Day One Fund, which focuses on providing funding for organizations that support homeless families and early childhood education.
In 2020, Bezos launched the Bezos Earth Fund, with an initial commitment of $10 billion to fund scientists, activists, and non-governmental organizations working to mitigate the impact of climate change.
The fund aims to support and scale solutions to climate change, including initiatives related to renewable energy, reforestation, and food production.
In addition to these initiatives, Bezos has made several other charitable contributions over the years. He has donated to organizations such as the Fred Hutchinson Cancer Research Center, the Smithsonian Institution, and the Museum of History and Industry.
What is Blue Origin?
Blue Origin is a private space exploration company founded by Jeff Bezos in 2000. The company is focused on developing reusable rockets and spacecraft for commercial and scientific use. In 2021, Bezos announced that he would be stepping down as CEO of Amazon to focus more on Blue Origin.
What Is Jeff Bezos’ Personal Life Like?
Amazon founder Jeff Bezos has been married and divorced, with his most recent divorce from MacKenzie Scott finalizing in 2019. The couple has four children together. Bezos is also known to be a private person and does not often give interviews or talk publicly about his personal life.
Who Has More Money, Warren Buffett or Jeff Bezos?
Jeff Bezos has more money than Warren Buffett. According to Forbes’ Real-Time Billionaires List, Bezos has a higher net worth than Buffet.
It’s worth noting that the net worth of billionaires can fluctuate significantly based on the performance of their assets and investments. Both Bezos and Buffett have made their fortunes through successful business ventures, with Bezos founding Amazon and Buffett becoming one of the most successful investors of all time through his company Berkshire Hathaway.
Who Is the Current CEO of Amazon?
The current CEO of Amazon is Andy Jassy. Jassy took over as CEO from Jeff Bezos on July 5, 2021. Prior to becoming CEO, Jassy had been with Amazon for over 20 years and was instrumental in the development of Amazon Web Services (AWS), the company’s cloud computing platform. Jassy is seen as a trusted and experienced leader within the company, and his appointment as CEO was widely praised by analysts and investors.
Summary
Jeff Bezos went from failing at selling books to succeeding at selling whatever he wanted. Amazon has become an absolute powerhouse and is taking over the new world; it all started with one guy trying to sell used books.
As of 2023, Jeff Bezos’ net worth is estimated to be $127 Billion, and that is a lot of money!
What do you think of Jeff Bezos’ net worth? Leave a comment below.
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Category: Net worth