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Jeff bezos Net worth


Jeff bezos

This blog post is based on Jeff bezos brief biography and full net worth.

Jeff bezos
Jeff Bezos at The Beverly Hilton Hotel on January 6, 2019 in Beverly Hills, California.

Jeffrey Preston Bezos, (born in January 12, 1964) is an American internet entrepreneur, industrialist, media proprietor, and investor. Jeff bezos is best known as the founder, CEO, and president of the multi-national technology company Amazon. While Jeff bezos become the first centi-billionaire on the Forbes wealth index, Bezos has been the world’s wealthiest person since 2017 which was named the “richest man in modern history” after his net worth increased to $150 billion in July 2018.

Table of contents

Jeff bezos brief biography

Jeff bezos
Jeff bezos in 1999 at his first amazon office (Amazon birth place)
  • Born : Jeffrey Preston Jorgensen
    January 12, 1964 (age 56)
    Albuquerque, New Mexico, U.S.
  • Occupation : Computer engineer, industrialist, media proprietor, investor.
  • Active years : 1986 – Present
  • Known as : Founder of Amazon and Blue Origin
  • Spouse(s) : MacKenzie Tuttle
    (married : 1993; divorce : 2019)
  • Children : 4

Jeff bezos was born in Albuquerque and raised in Houston and later moved Miami, Bezos graduated from Princeton University in 1986 with a degree in electrical engineering and computer science. Bezos worked on Wall Street in a variety of related fields from 1986 to early 1994.

Jeff bezos later founded and stand as the CEO of  Amazon in late 1994 on a cross-country road trip from New York City to Seattle. The Amazon company began as an online bookstore and has since expanded to a wide variety of other e-commerce products and services, including video and audio streaming, cloud computing, and AI. It is currently the world’s largest online sales company, the largest Internet company by revenue, and the world’s largest provider of virtual assistants and cloud infrastructure services through its Amazon Web Services branch.

Jeff bezos Blue origin

Jeff Bezos later run founded the aerospace manufacturer and sub-orbital spaceflight services company called Blue Origin in 2000. A Blue Origin test flight successfully first reached space in 2015, and the company has upcoming plans to begin commercial suborbital human spaceflight.

Blue Origin Federation, is an American privately funded aerospace manufacturer and sub-orbital spaceflight services company headquartered in Kent, Washington. Founded in 2000 by Jeff Bezos, the company is led by CEO Bob Smith and is developing technologies to enable private human access to space with the goal to dramatically lower costs and increase reliability. Blue Origin is employing an incremental approach from suborbital to orbital flight, with each developmental step building on its prior work. The company motto is Gradatim Ferociter, Latin for “Step by Step, Ferociously”.

Jeff bezos in 2013 also purchased the major American newspaper The Washington Post in cash for $250 million, and manages many other investments through his Bezos Expeditions venture capital firm.

Jeff bezos wealth

Annual estimates of Jeff Bezos’s net worth
Year Billions Change Year Billions Change
1999 10.1 Steady 0.0% 2009 6.8 Decrease 17.7%
2000 6.1 Decrease 40.5% 2010 12.6 Increase 85.2%
2001 2.0 Decrease 66.6% 2011 18.1 Increase 43.6%
2002 1.5 Decrease 25.0% 2012 23.2 Increase 28.2%
2003 2.5 Increase 66.6% 2013 28.9 Increase 24.5%
2004 5.1 Increase 104.0% 2014 30.5 Increase 5.5%
2005 4.1 Decrease 5.8% 2015 50.3 Increase 60.9%
2006 4.3 Decrease 10.4% 2016 45.2 Decrease 10.1%
2007 8.7 Increase 102.3% 2017 72.8 Increase 61.6%
2008 8.2 Decrease 5.7% 2018 112.0 Increase 53.8%
Main data source: Forbes World’s Billionaires Estimates
Additional reference(s): Bloomberg Billionaires Index

Jeff Bezos became first millionaire in 1997 after raising $54 million through Amazon’s initial public offering (IPO).which Jeff bezos was the first to be included on the Forbes World’s Billionaires list in 1999 with a registered net worth of $10.1 billion. His net worth decreased to $6.1 billion a year later, a 40.5% drop. His wealth plummeted even more the following year, dropping 66.6% to $2.0 billion.

Jeff bezos net worth

Last year, his net worth took a hit when in April of 2019, Bezos and his longtime wife, MacKenzie Bezos, reached a settlement for their divorce—resolving any lingering questions about how the split might impact the financial status of the richest man in the world.

Bezos retained 75 percent of their jointly-owned Amazon stock, and all of their interests in the Washington Post and Blue Origin, an aerospace and spaceflight company. That left MacKenzie with 4 percent of Amazon’s outstanding shares, totaling $35.6 billion in Amazon stock, per CNBC (although she ceded her voting rights to Jeff). Following the split, she was believed to be the fourth-richest women in the world—and for his part, Bezos is still the world’s richest man.

In that particular ranking, Bezos is still about $38 billion ahead of Microsoft co-founder Bill Gates, the current second-richest person in the world, who Forbes estimates is worth $105.9 billion at publishing follows by the founder and CEO of the world largest social media platform facebook Mark Zuckerberg.

This week, Amazon CEO Jeff Bezos was trending on Twitter over speculation that his net worth might top one trillion dollars. But as of publishing, he’s not even close; Forbes places his realtime net worth at $144.4 billion. And while Amazon stock is soaring during the coronavirus pandemic, Bezos has said “it’s also the hardest time [Amazon has] ever faced,” because of, in part, “COVID-related expenses.”

Jeff bezos
Jeff Bezos Has Now Sold Over $4 Billion Worth Of Amazon Shares

bezos and Bill Gates comparison

Bill Gates had been at the top of the Forbes ranking for the vast majority of the past 25 years, but Bezos is a newer addition, first appearing on the list in 1998, one year after Amazon went public. At that time, the company was worth about $1.6 billion, only a fraction of Bezos’s current personal wealth.

Bill Gates
Bill Gates speaks the Malaria Summit in London on April 18, 2018.

Bill Gates obtained most of his wealth from Microsoft, and he owns just over 1 percent of the company’s stock. In August 2010, Gates, alongside Berkshire Hathaway CEO Warren Buffet, created the Giving Pledge, which encourages billionaires to give at least half of their wealth to charitable donations. By the end of 2018, Gates had given away more than $36 billion.

Jeff Bezos has not signed the pledge, but has contributed to various charities on his own.

In September 2018, he also shared plans to launch the Bezos Day One Fund. His Instagram post announcing the initiative reads, in part, “[The fund] will begin with a commitment of $2 billion and focus on two areas: funding existing non-profits that help homeless families, and creating a network of new, non-profit, tier-one preschools in low-income communities.”

Jeff Bezos, is categorize as the only one of the world’s five wealthiest people who hasn’t lost money in 2020, according to Bloomberg’s Billionaires Index. Where by the Amazon CEO made more than $5 billion in the past three months, bringing his total net worth to $120 billion due to Forbes report.

Jeff Bezos is about 36% richer than the British monarchy according to Forbes He retained his ranking as the world’s richest person even after his divorce from MacKenzie Bezos in 2019. She kept a 4% stake in Amazon worth roughly $35.7 billion, making her the fourth-richest woman in the world.

Jeff bezos
Jeff Bezos and his then-wife, MacKenzie Bezos

Though Jeff Bezos’ annual salary is only $81,840, most of his wealth comes from his Amazon shares. The world’s richest man makes $2,489 per second, or more than twice what the median US worker makes in one week, according to Business Insider’s calculations.

All this make Jeff bezos the richest man in this planet followed by Bill Gates and mark Zuckerberg while Bernard Arnault is the forth till date.

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