Today I am going to share Jeff Bezos Net Worth. Jeff Bezos is the patron, chief executive officer, president, and chairman of the board of Amazon.com. He eclipsed Bill Gates in wealth in July 2017. The general exchange of economic supremacy accomplished by Bezos between October 2017 and August 2018 made him the wealthiest man in the world. Jeff Bezos has an estimated net worth of $130 Billion.
According to the company’s most recent Securities and Exchange Commission filing, Jeff owns 55 million shares of Amazon, which is close to 12 percent of the total outstanding. At his peak, Jeff owned 80 million shares of Amazon. as part of the April 2019 divorce settlement of MacKenzie Bezos and Jeff Sezuni, Jeff transferred 19.7 million shares to his ex-wife. The value of these shares transferred was $36 billion. When Jeff’s net worth was temporarily reduced from $150 billion to $114 billion, he was an early investor in Google.com and owned at least $1 billion shares in Alphabet Inc.
Jeff Bezos Net Worth
|Net Worth:||$130 Billion|
|Date of Birth:||Jan 12, 1964|
|Age||58 years old)|
|Nationality:||United States of America|
Jeff Bezos Keys Facts
- He stopped working in finance in 1994 to follow his dream of publishing an online book store.
- Wrote the business plan from the back seat while driving across the country.
- The value of Amazon stock rose to over $12b in 1998, when it went public.
- The net worth tumbled from $2 billion to $1 billion after the dot-com bubble burst.
- Owns The Washington Post
- Net worth hits $211 billion in July 2021
- Owns $60m worth of property in Washington
- Owns $300m worth of property in Beverly Hills
- Owns $1b worth of Google thanks to a pre-ipo investment
Is Jeff Bezos the Richest Person of All Time?
When valuing Jeff’s full name’s net worth of $200 billion, in contrast to our indices for the most affluent people, Jeff is not even situated among the top 10. Using the $200 billion figure, that would be the 11th largest fortune ever amassed by a single human (with inflation). For additional reference, when oil tycoon John D. Rockefeller passed away, he was worth an inflation-adjusted $340 billion. Jeff Bezos is also the richest man in the world
Could Jeff Bezos Become a Trillionaire?
But it’s not a great target if he’s basing his Amazon shares solely on becoming a billionaire. For example, Jeff has an outstanding $120 billion net worth if he’s based on his Amazon shares being a $1 trillion business. So, roughly speaking, if he relies on Amazon shares just became a trillion-dollar corporation, he’d have a $120 billion net worth.
Jeff Bezos was born on January 12, 1964, in Albuquerque, New Mexico. His mother was a 17-year-old high school senior when he was born. His father owned a bike shop. His mother divorced his birth father when he was four years old. When she remarried, she married a Cuban immigrant named Miguel Bezos. Soon after the wedding, Miguel legally changed Jeff and Jeff’s last name from Jorgensen to Bezos. The family moved to Houston, where Mike went to work as an engineer for Exxon and his colleagues were more amenable to his grandmother, who, as a cattle rancher, lived south of San Antonio. Her maternal uncle Mike Franklin was the first cousin of country singer George Strait.
Although growing up in Texas, Jeff Bezos developed his interest in exploration by studying his beloved town’s garage. He would also use his summers to work on his grandfather’s ranch. He would assert later in life that he learned his work ethic on his grandparent’s rural ranch. He would subsequently purchase the ranch and grow it up to 300,000 acres.
The family moved from Miami while Jeff was in high school and college. While in high school, Jeff worked as a short-order cook at McDonald’s. He was a high school valedictorian as well as a National Merit Scholar. In his speech as valedictorian, Jeff elaborated on his dream of people inhabiting space.
He went to Princeton University with a plan to study physics, but his love of computers redirected his course. He wound up graduating with a whole 4.2 GPA, Phi Beta Kappa. After that, he completed a bachelor’s degree in computer science and electrical engineering.
Upon graduating from college, Jeff began working for a financial technology firm known as Fitel before transitioning to the banking industry when he joined a product management job at Bankers Trust. He eventually rose to the senior management level at D. E. Shaw & Co., a hedge fund that had just been launched as a concept.
Jeff worked at D.E. Shaw from 1994 to 1994, when he became the company’s fourth senior vice president. He was about 30 years old at the time.
Jeff’s hobby for online selling led Jeff to promote books online, after which he created the Amazon business plan throughout a driving adventure. Jeff officially founded Amazon in 1994 in the back of his garage.
In 2008, Jeff Bezos received an honorary doctorate from Carnegie Mellon’s School of Computer Science, and in 1999, Bezos was named Time magazine’s Person of the Year. In 2000, Bezos founded Blue Origin, a human spaceflight startup company, partially due to his fascination with space travel. Blue Origin began developing space hotels, amusement parks, and other small settlements orbiting the earth in 2006, purchasing land in west Texas for a large launch pad and test facility. The company remained under wraps for several years until it was exposed in 2006. In 2013, Bezos discussed commercial spaceflight opportunities with Richard Branson, the billionaire founder of Virgin Group during those 10 years, and he also purchased The Washington Post.
Bezos added an estate in the Texan city of Van Horn to his investment portfolio in 2004. The villa serves as Blue Origin’s headquarters.
Bezos owns mansions in Beverly Hills, California, costing more than $200 million. According to Architectural Digest, his most recent purchases include a mansion with an adjoining house purchased for $24,450,000 and a mansion purchased for $12,900,000 in 2007. In 2020, Bezos spent $165 million on an old mansion formerly owned by David Geffen.
Bezos has added a few different properties in Manhattan to those he previously owned. His most recent acquisitions include a 10,000-square-foot penthouse on the north side of Madison Square Park.
He additionally owns several properties in Washington, D.C., which were purchased by him in 2016 and 2020 for $23 million and $5 million, respectively.
Last calendar year, Jeff Bezos paid $78 million for a 14-acre property in Hawaii, Architectural Digest reported. This constitutes the real estate section of his portfolio, valued at at least $578 million.