Jeff Bezos net worth
Number of divisions: 35
What is Jeff Bezos’ net worth?
Jeff Bezos is an American philanthropist, businessman, and space explorer. He may be famous for creating Amazon.com. Jeff Bezos (Jeff Bezos) is Amazon’s founder, CEO, president and chairman of the board. In July 2017, his wealth surpassed Bill Gates for the first time. From October 2017 to January 2021, he continuously became the richest man in the world.
At the time of writing, Jeff Bezos’ net worth is $197 billion.
According to the company’s recent filing with the US Securities and Exchange Commission, Jeff owns 55 million shares of Amazon, or about 12% of the total issued shares. At his peak, he owned 80 million shares of Amazon. As part of the divorce agreement with MacKenzie Bezos in April 2019, Jeff transferred 19.7 million shares to his ex-wife. The value of the shares at the time of the transfer was US$36 billion. The settlement agreement temporarily reduced Jeff’s net assets from 150 billion U.S. dollars to 114 billion U.S. dollars. Jeff is also an early pre-IPO investor in Google.com and owns at least $1 billion in Alphabet Inc. stock.
For most of the 2000s, Jeff was not even in the top 10 or top 20 of the richest people on earth. Amazon stock began to soar at the end of 2014. In July 2015, Jeff’s net worth was US$50 billion. In less than two years, his net worth (and stock) has doubled. On July 27, 2017, Bezos replaced Bill Gates as the world’s richest man. In September 2018, Amazon’s market value exceeded $1 trillion. This was before his divorce, so he still owns 80 million shares. According to this valuation, Jeff’s net assets hit a record high of 170 billion U.S. dollars.
Is Jeff Bezos the richest man ever?
When comparing Jeff’s $200 billion peak net worth with our list of the richest people of all time after adjusting for inflation, Jeff is not even in the top 10. Using the figure of $200 billion, this would be the 11th largest wealth ever. Single humans (calculate inflation). In contrast, when the oil tycoon John D. Rockefeller died, adjusted for inflation, he was worth $340 billion.
Can Jeff Bezos become a billionaire?
Everything is possible! But if he only relies on his Amazon stock to gain the status of a trillionaire, this seems to be a very noble goal. As the owner of 12% of Amazon’s shares, Jeff is basically worth 120 billion US dollars (paper value) for every $1 trillion market value milestone. So, in other words, if Jeff wants to become a billionaire by relying solely on his Amazon stock, the company’s market value needs to exceed $8.3 trillion.
early life
Jeff Bezos was born on January 12, 1964 in Albuquerque, New Mexico. His mother was a 17-year-old high school student when he gave birth to Jeff. His father owns a bicycle shop. His mother eventually divorced Jeff’s biological father. When he was 4 years old, she married a Cuban immigrant named Miguel Bezos. Soon after the wedding, Miguel adopted Jeff, and Jeff’s surname was changed from the legal Jorgenson to Bezos. The family moved to Houston, where Mike got a job as an ExxonMobil engineer. They are also closer to his mother’s parents, and they have a cattle farm south of San Antonio. His maternal grandmother Marty Louise Guice is the cousin of country singer George Street.
While growing up in Texas, Bezos used his parents’ garage as a laboratory for his science projects. He would also spend the summer on his grandparents’ ranch. Jeff later claimed to have spent his professional ethics on the ranch. Later he also purchased a ranch and expanded it from 25,000 acres to 300,000 acres.
The family moved to Miami, about when Jeff was in high school. In high school, Jeff worked as a temporary cook at McDonald’s. He is a representative of high school graduates and a national outstanding scholar. In his farewell speech, he mentioned a dream that people on Earth will eventually colonize space.
He studied at Princeton University and planned to study physics, but his love for computers changed his studies. He eventually graduated with 4.2 GPA Phi Beta Kappa with honors. He received a bachelor of science degree in computer science and electrical engineering.
After graduating from university, Jeff went to work for a financial technology company called Fitel. Then, when he found a product management job at Bankers Trust, he turned to the banking industry. In 1990, he was hired as a financial analyst for DE Shaw & Co., a recently launched hedge fund with the idea that mathematical modeling can predict huge returns in the market.
Jeff worked at DE Shaw until 1994, when he had been promoted to the company’s fourth senior vice president. He is 30 years old.
Amazon
A year ago, Jeff was fascinated by the nascent World Wide Web. He wanted to sell things online, so he started selling books. Bezos developed Amazon’s business plan during an off-road trip from New York to Seattle. He formally founded the company in 1994 and founded the original company in his garage.
Other achievements
In 2008, Bezos received an honorary doctorate of science and technology from Carnegie Mellon University, and was named Person of the Year by Time magazine in 1999. In 2000, Bezos founded Blue Origin, a manned spaceflight startup, partly because of his fascination with space travel. Blue Origin includes early interest in developing space hotels, amusement parks, colonies and small cities for 2 million or 3 million people to orbit the earth. The company was kept secret for several years, and it was not known to the public until 2006 when it purchased a large amount of land as a launch and test facility in western Texas. In 2013, Bezos was discussing commercial aerospace opportunities and strategies with Richard Branson, the billionaire founder of Virgin Group-in that year, he also acquired the Washington Post.
(Photo by Philip Farane/Getty Images)
Real estate and assets
On February 12, 2020, it was revealed that Jeff had paid $255 million for two properties in Beverly Hills. The first property, called Jack L. Warner Manor, cost $165 million. The estate covers an area of 10 acres and is located in the heart of Beverly Hills. It has a 13,600 square foot main house. The seller was entertainment mogul David Geffen, who bought the property in 1990 for $47.5 million. The second property Bezos purchased in February 2020 was a 120-acre vacant hilltop called Enchanted Hill. The seller is the legacy of the late Microsoft founder Paul Allen, who bought the land for US$20 million in 1997. Although most of the weeds are overgrown, the property does have 1.5 miles of driveway and well-manicured cliffs.
Other real estate assets:
- A $12.9 million luxury home in Beverly Hills acquired in July 2018
- A mansion worth US$24.5 million is next door to the above-mentioned Beverly Hills residence and was purchased in 2007
- A $23 million luxury home in Washington, DC, acquired in 2018.Formerly a museum, it consists of two buildings with 27,000 square feet of living space
- 300,000 acres in Texas, including multiple ranches
- Build 100,000 acres of land across the country
- Three Units at No. 25, Central Park West, Manhattan
- A 5-acre estate worth $10 million in Medina, Washington in 1999
- A $50 million mansion is adjacent to his property in Medina, which was purchased in 2005
Equity details and history
In the 20 years since Amazon went public, Bezos has sold at least $70 billion worth of stock. As part of the planned stock sale arrangement, he sells approximately $1 billion worth of stock each year.
On the day Amazon went public, Amazon’s market value was $300 million. Jeff owned 40% of the company at the time and had a net worth of US$120 million (before tax on paper). A year later, his worth reached US$1 billion. At the peak of the dot-com bubble, Jeff’s net worth exceeded $10 billion. After the bubble burst, Amazon’s stock price fell to an all-time low of $5 per share in October 2001. At that time, Jeff’s net worth fell to US$100-200 million.
If you are smart enough to accept 10,000 USD And bought Amazon stock in October 2001, today you will have more than 15 million USD Before calculating any dividends.
Equity milestone
May 1997-the date of the company’s initial public offering was 120 million U.S. dollars.
June 1998-Reached US$1 billion for the first time
June 1999-US$10 billion
July 2015 – US$50 billion
January 2018-100 billion U.S. dollars
July 2018-150 billion U.S. dollars
September 2018-$170 billion
January 2019-Jeff announced that he will divorce his wife Mackenzie, who has been married for 25 years. Obviously, the result of this divorce will have a huge impact on Jeff’s $150 billion net worth.
April 4, 2019-Jeff and MacKenzie announced that they have reached an amicable divorce agreement, and she will receive $36 billion worth of Amazon stock. Jeff will retain his previous 75% of the shares and will have voting control over Mackenzie’s shares. She won’t have any ownership of the Washington Post or Jeff’s space company Blue Origin. It is not clear how the couple decided to split their various houses and planes. After the announcement, Jeff’s net worth immediately became 114 billion U.S. dollars.
March 9, 2020-$111 billion
July 1, 2020-US$172 billion
July 9, 2020-US$190 billion
August 26, 2020-2020 billion U.S. dollars
If you pay attention, Jeff became a billionaire in just three years after he was founded in 1995. It took him 20 years to make 50 billion U.S. dollars, but it only took 2.5 years to make his second 50 billion U.S. dollars, totaling 100 billion U.S. dollars. Then it only took 7 months to make his money. The third is 50 billion U.S. dollars, totaling 150 billion U.S. dollars. Then with a stroke of his pen, he lost 36 billion U.S. dollars in an instant.
Generalize
Jeff Bezos’ net worth is $200 billion. At the time of writing, this makes him the richest man in the world. He is the founder and CEO of Amazon.com. Because of his divorce with Mackenzie Bezos, he lost 36 billion US dollars of wealth, and Mackenzie Bezos immediately became one of the 25 richest people in the world through reconciliation.
| Jeff Bezos net worth over time | |
| June 1997 | US$150 million |
| June 1998 | US$1 billion |
| June 1999 | $10 billion |
| March 2000 | $6 billion |
| December 2000 | US$2 billion |
| September 2001 | $1.5 billion |
| September 2003 | $2.5 billion |
| September 2004 | $5.1 billion |
| September 2005 | US$4.1 billion |
| September 2006 | US$4.3 billion |
| September 2007 | $8.7 billion |
| September 2008 | US$8.2 billion |
| September 2009 | US$6.8 billion |
| September 2010 | $12.6 billion |
| September 2011 | $18 billion |
| December 2012 | USD 23.2 billion |
| October 2013 | $29 billion |
| December 2014 | $30.5 billion |
| July 2015 | $50 billion |
| October 2016 | US$45 billion |
| December 2017 | $73 billion |
| July 2018 | 150 billion U.S. dollars |
| September 2018 | 170 billion U.S. dollars |
| April 2019 | US$114 billion |
| July 2020 | US$190 billion |
| July 2021 | US$213 billion |
