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What is Jeff Bezos’ net worth?
Jeff Bezos is an American philanthropist, businessman and house explorer who has a net worth of $198 billion. Jeff Bezos earned his fortune because the founding father of Amazon.com. Jeff Bezos is the previous CEO and, present president and chairman of the board of Amazon. He first surpassed Bill Gates by way of wealth in July 2017. He was the richest person in the world with out interruption between October 2017 and January 2021.
According to the corporate’s most up-to-date SEC submitting, Jeff owns 55 million shares of Amazon, roughly 12% of the entire shares excellent. At his peak, he owned 80 million shares of Amazon. As a part of his April 2019 divorce settlement with MacKenzie Bezos, Jeff transferred 19.7 million shares to his ex-wife. The worth of the shares on the time of the switch was $36 billion. The settlement quickly decreased Jeff’s net worth from $150 billion to $114 billion. Jeff was additionally an early pre-IPO investor in Google.com and owns no less than $1 billion price of shares in what’s now referred to as Alphabet Inc.
For a lot of the 2000s, Jeff was not even within the prime 10 or prime 20 of the wealthiest folks on the planet. Amazon inventory started to skyrocket in late 2014. In July 2015, Jeff’s net worth was $50 billion. In underneath two years, his net worth (and the inventory) had doubled. On July 27, 2017, Bezos took over Bill Gates because the richest particular person on the planet. In September 2018, Amazon’s market cap topped $1 trillion. This was previous to his divorce, so he nonetheless owned 80 million shares. At that valuation, Jeff’s net worth topped a then-all-time excessive of $170 billion.
Was Jeff Bezos Ever the Richest Person of All Time?
When evaluating Jeff’s peak net worth of $200 billion to our checklist of the richest people of all time after adjusting for inflation, Jeff is just not even within the prime 10. Using the $200 billion quantity, that will be the eleventh largest fortune ever accrued by a single human (counting inflation). For comparability, when oil tycoon John D. Rockefeller died, he was price an inflation-adjusted $340 billion.
Could Jeff Bezos Become a Trillionaire?
Anything is feasible! But it looks as if an especially lofty aim if he is simply counting on his Amazon shares to get trillionaire standing. As the proprietor of 12% of Amazon’s shares, Jeff is basically price $120 billion (on paper) for each $1 trillion market cap milestone. So, in different phrases, for Jeff to change into a billionaire based mostly solely on his Amazon shares, the corporate’s market cap would wish to prime $8.3 trillion.
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Early Life
Jeff Bezos was born on January 12, 1964, in Albuquerque, New Mexico. His mom was a 17-year-old highschool scholar when she gave start to Jeff. His father owned a motorcycle store. His mom ultimately divorced Jeff’s start father. When he was 4, she married a Cuban immigrant named Miguel Bezos. Soon after the marriage, Miguel adopted Jeff, and Jeff’s final title was legally modified from Jorgenson to Bezos. The family moved to Houston, the place Mike acquired a job as an engineer for Exxon. They had been additionally nearer to his mom’s dad and mom, who had a cattle ranch south of San Antonio. His maternal grandmother, Mattie Louise Gise, was first cousin to nation singer George Strait.
While rising up in Texas, Bezos used his dad and mom’ storage as a laboratory for his science tasks. He would additionally spend summers working at his grandparent’s ranch. Jeff would later declare to have realized his work ethic throughout his summers on the ranch. He would additionally later buy the ranch and increase it from 25,000 to 300,000 acres.
The family moved to Miami across the time Jeff was coming into highschool. While in highschool, Jeff labored as a short-order cook dinner at McDonald’s. He was his highschool valedictorian and a National Merit Scholar. In his valedictorian speech, he talked about a dream that individuals of the earth would ultimately colonize house.
He attended Princeton University with a plan to check physics, however his love of computer systems shifted his research. He ultimately graduated summa cum laude with a 4.2 GPA, Phi Beta Kappa. He earned a Bachelor of Science diploma in laptop science and electrical engineering.
Upon graduating from college, Jeff went to work for a monetary expertise agency referred to as Fitel. He then transitioned to the banking business when he landed a product administration job at Bankers Trust. In 1990, he was employed as a monetary analyst for D. E. Shaw & Co., a hedge fund that had lately been launched with the concept mathematical modeling might predict massive market positive aspects.
Jeff labored at D.E. Shaw till 1994, by which level he had risen to the corporate’s fourth senior vp. He was 30 years outdated.
Amazon
A yr earlier, Jeff grew to become fascinated with the nascent world vast net. He wished to promote one thing on-line, and he landed on promoting books. Bezos created Amazon’s marketing strategy throughout a cross-country drive from New York to Seattle. He formally based the corporate in 1994, organising the unique enterprise in his storage.
Other Accomplishments
In 2008, Bezos acquired an honorary doctorate in Science and Technology from Carnegie Mellon University, and in 1999, Bezos was named Time journal’s Person of the Year. In 2000, Bezos based Blue Origin, a human spaceflight startup firm, partially on account of his fascination with house journey. Blue Origin consists of an early curiosity in growing house accommodations, amusement parks, colonies, and small cities for two million or 3 million folks orbiting the Earth. The firm was saved secret for just a few years till it grew to become publicly recognized in 2006 after buying a large aggregation of land in west Texas for a launch and check facility. In 2013, Bezos was discussing business spaceflight alternatives and techniques with Richard Branson, multibillionaire founding father of Virgin Group – throughout that yr he additionally bought The Washington Post.
(Photo by Phillip Faraone/Getty Images)
Real Estate And Assets
For round three many years, Jeff was a resident of Seattle, Washington. In November 2023 he introduced his plan to maneuver full-time to Miami. In the earlier two months he paid $150 million for two properties on a non-public island in Miami referred to as Indian Creek Village, which is also referred to as the “Billionaire Bunker.” The properties are side-by-side and the belief is that he’ll tear them each right down to construct a brand new large mansion.
In 2007, Jeff and MacKenzie paid $24.5 million for a mansion on two prime acres in Beverly Hills, California. In 2018, they paid $12.9 million for the house subsequent door. MacKenzie acquired this now-combined two-home property as a part of their 2019 divorce settlement. In August 2022, MacKenzie introduced that she had donated the properties to a charity referred to as the California Community Foundation. At the time of the donation, the mixed compound was price an estimated $55 million.
On February 12, 2020, it was revealed that Jeff had paid $255 million for 2 properties in Beverly Hills. The first property, referred to as the Jack L. Warner property, price $165 million. The property covers 10 lush acres within the coronary heart of Beverly Hills and contains a 13,600-square-foot major home. The vendor was leisure mogul David Geffen, who purchased the property in 1990 for $47.5 million.
The second property Bezos was reported to have purchased in February 2020 was a 120-acre vacant hilltop referred to as Enchanted Hill. The vendor was the property of late Microsoft founder Paul Allen, who bought the land in 1997 for $20 million. Though largely overrun with weeds, the property does have a 1.5-mile driveway and a manicured bluff at its peak. A month after the acquisition was reported, the deal truly fell via. So Jeff’s complete February 2020 actual property spree was the $165 million Jack L. Warner property.
Other actual property property:
- $23 million mansion in Washington D.C., acquired in 2018. A former museum comprised of two buildings that measure 27,000 sq. feet of residing house
- 300,000 acres in Texas, together with a number of ranches
- 100,000 further acres in numerous components of the nation
- Three items in 25 Central Park West in Manhattan
- $10 million 5-acre property in Medina, Washington, acquired in 1999
- $50 million mansion subsequent door to his property in Medina, acquired in 2005
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Net Worth Details And History
In the 20 years since Amazon went public, Bezos has offered no less than $70 billion price of his shares. He sells roughly $1 billion price of shares yearly as a part of a deliberate inventory sale association.
The day Amazon went public, Amazon’s market cap was $300 million. Jeff owned 40% of the corporate on the time, giving him a net worth of $120 million (on paper, pre-tax). Within a yr, he was price $1 billion. At the height of the dotcom bubble Jeff’s net worth topped $10 billion. After the bubble burst, Amazon’s inventory value sank to an all-time low of $5 per share in October of 2001. At that time, Jeff’s net worth sank to $1-2 billion.
If you had been sensible sufficient to take $10,000 and purchase shares of Amazon in October of 2001, right now you’ll have greater than $15 million earlier than counting any dividends.
Net Worth Milestones
- May 1997 – $120 million on the corporate’s IPO date.
- June 1998 – $1 billion for the primary time
- June 1999 – $10 billion
- July 2015 – $50 billion
- January 2018 – $100 billion
- July 2018 – $150 billion
- September 2018 – $170 billion
- January 2019 – Jeff pronounces he’s divorcing his spouse of 25 years, MacKenzie. Clearly, the end result of this divorce can have an infinite affect on Jeff’s $150 billion net worth.
- April 4, 2019 – Jeff and MacKenzie introduced that that they had reached an amicable decision of their divorce, the place she will likely be given $36 billion price of Amazon inventory. Jeff will retain 75% of his former stake and can have voting management over MacKenzie’s shares. She won’t have any possession in The Washington Post or Jeff’s house firm, Blue Origin. It’s unclear how the couple determined to separate their numerous properties and jets. Jeff’s net worth instantly following the announcement grew to become $114 billion.
- March 9, 2020 – $111 billion
- July 1, 2020 – $172 billion
- July 9, 2020 – $190 billion
- August 26, 2020 – $202 billion
- December 2022 – $117 billion
- January 2023 – $107 billion
If you are maintaining observe, it took Jeff simply three years to change into a billionaire after launching in 1995. It took him 20 years to make $50 billion, however then solely 2.5 years to make his second $50 billion, for a complete of $100 billion. And then it solely took seven months to make his third $50 billion, for a complete of $150 billion. And then he misplaced $36 billion straight away with the stroke of a pen.
| Jeff Bezos Net Worth Over Time | |
| June 1997 | $150 million |
| June 1998 | $1 billion |
| June 1999 | $10 billion |
| March 2000 | $6 billion |
| December 2000 | $2 billion |
| September 2001 | $1.5 billion |
| September 2003 | $2.5 billion |
| September 2004 | $5.1 billion |
| September 2005 | $4.1 billion |
| September 2006 | $4.3 billion |
| September 2007 | $8.7 billion |
| September 2008 | $8.2 billion |
| September 2009 | $6.8 billion |
| September 2010 | $12.6 billion |
| September 2011 | $18 billion |
| December 2012 | $23.2 billion |
| October 2013 | $29 billion |
| December 2014 | $30.5 billion |
| July 2015 | $50 billion |
| October 2016 | $45 billion |
| December 2017 | $73 billion |
| July 2018 | $150 billion |
| September 2018 | $170 billion |
| April 2019 | $114 billion |
| July 2020 | $190 billion |
| July 2021 | $213 billion |
| November 2022 | $117 billion |
| November 2023 | $170 billion |
| February 2024 | $197 billion |
All internet worths are calculated utilizing knowledge drawn from public sources. When offered, we additionally incorporate non-public suggestions and suggestions acquired from the celebrities or their representatives. While we work diligently to make sure that our numbers are as correct as doable, until in any other case indicated they’re solely estimates. We welcome all corrections and suggestions utilizing the button under.
