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Jeff Bezos Net Worth And Biographical Details (Updated 2022)

Jeff Bezos's Net Worth

An American philanthropist, businessman, and explorer, Jeff Bezos founded Amazon.com and is perhaps best recognized for his work in space exploration. Amazon.com was founded by Jeff Bezos, who serves as CEO, president, and chairman of the board. In July 2017, he overtook Bill Gates as the world’s richest person. Between October 2017 and January 2021, he held the title of the richest man on the planet without fail. Jeff Bezos has a net worth of $190 billion as of this writing.

Amazon’s latest SEC filing shows Jeff Bezos holds 55 million shares or around 12 percent of the total outstanding stock. He amassed a stake in Amazon that peaked at 80 million shares. When Jeff Bezos divorced MacKenzie Bezos in April 2019, he gave her 19.7 million stock options. It was estimated that at the time of the transaction, the shares were worth $36 billion. Jeff’s net worth decreased from $150 billion to $114 billion as a result of the settlement. Jeff also invested in Google.com before the company went public, and he has at least $1 billion worth of Alphabet Inc. shares.

Jeff was not even in the top ten or twenty richest persons in the world during much of the 2000s. When Amazon’s stock began to rise in late 2014, it was the beginning of a new era. There were 50 billion dollars in Jeff’s bank account at the end of July 2015. His net worth (and the stock) had doubled in less than two years. Bezos surpassed Bill Gates as the world’s richest man on July 27th, 2017. As of September 2018, Amazon’s market value had reached $1 trillion. Until then, he had 80 million shares in the company, thus this was pre-divorce. Jeff’s fortune had risen to a record-breaking $170 billion at that time.

Is Jeff Bezos the Richest Person of All Time?

Jeff’s $200 billion peak net worth doesn’t even make it into our top 10 richest people of all time after inflation. The 11th-largest wealth ever amassed by a single person is estimated at $200 billion (counting inflation). For comparison’s sake, John D. Rockefeller, the late oil tycoon, was worth $340 billion when he died.

Could Jeff Bezos Become a Trillionaire?

It’s all up to you! However, if he intends to become a trillionaire only through the sale of Amazon stock, it sounds like an exceedingly ambitious goal. At each $1 trillion milestones for the company, Jeff’s share price rises by $120 billion (on paper). Amazon’s market capitalization would have to reach $8.3 trillion in order for Jeff to become a billionaire solely through his Amazon shares.

Early Of Jeff Bezos

Albuquerque, New Mexico, is home to Jeff Bezos, who was born on January 12th, 1964. When Jeff was born, his mother was a 17-year-old high school student. Bike shops were his father’s business. In the end, Jeff’s mother divorced his biological father. She married Miguel Bezos, a Cuban immigrant when he was four years old. Jeffrey’s last name was legally changed from Jorgenson to Bezos after Miguel adopted him. Mike accepted a position as an engineer at Exxon in Houston, so the family relocated there. A cattle ranch south of San Antonio belonged to his mother’s paternal grandparents. Country artist George Strait is his first cousin through his maternal grandmother, Mattie Louise Gise.

His parents’ garage served as the laboratory for Bezos’ experiments as a young boy in Texas. As a child, he would spend the summers at his grandparents’ ranch. Summers at the ranch would subsequently be cited as the source of Jeff’s work ethic. After purchasing the ranch and expanding it from 25,000 to 300,000 acres, he would subsequently purchase and expand it. When Jeff was in high school, the family relocated to Miami. Jeff worked as a McDonald’s short-order cook while he was in high school. He graduated with honors from high school and was recognized as a National Merit Scholar. As he was delivering his valedictory address, he spoke of his hopes for humankind’s future colonization of outer space.

A fascination for computers led him to change his major at Princeton University to focus on computer science. He eventually graduated summa cum laude with a 4.2 GPA and was inducted into Phi Beta Kappa. An electrical engineering and computer science degree earned him a Bachelor of Science in computer science. Jeff began working for Fitel as soon as he finished college and had his diploma in hand. When he was hired as a product manager at Bankers Trust, he made the switch to the banking sector. As a financial analyst for a hedge fund that was just getting started, D. E. Shaw & Co., in 1990, he was hired on the belief that mathematical modeling might anticipate huge market profits. By 1994, Jeff had become D.E. Shaw’s fourth senior vice president, making him one of the company’s most senior executives. He’d just turned thirty.

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Amazon

Jeff was enthralled by the early stages of the internet a year prior. He was looking for a way to make money online, so he decided to sell books. While driving from New York to Seattle, Bezos hatched Amazon’s business plan. In 1994, he launched the company in his garage, where he ran the first operations.

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Other Accomplishments

After receiving an honorary degree from Carnegie Mellon University, Bezos was awarded Time magazine’s Person of the Year in 1999. Blue Origin, a human spaceflight startup business launched by Bezos in 2000, was inspired in part by his interest in space travel. Early plans for space hotels, amusement parks, colonies, and miniature towns for 2 million or 3 million people orbiting the Earth were included in Blue Origin’s early plans. It was maintained a secret for a few years, but in 2006, after purchasing a large tract of property in west Texas to use as a launch and test facility, the firm went public. Amazon CEO Jeff Bezos met with Richard Branson, the multi-billionaire creator of the Virgin Group, in 2013 to discuss commercial spaceflight potential and strategies.

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Important Information

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Real Estate And Assets

Jeff paid $255 million for two Beverly Hills houses on February 12, 2020. The Jack L. Warner estate was the first and cost $165 million. The sprawling Beverly Hills estate has a 13,600-square-foot main house and 10 acres of verdant grounds. For $47.5 million, David Geffen purchased the property in 1990, making him one of the wealthiest men in entertainment.

A 120-acre uninhabited hilltop called Enchanted Hill was said to have been purchased by Bezos in February 2020. The site was purchased by Paul Allen’s estate in 1997 for $20 million, and he was the seller. The property has a 1.5-mile driveway and a manicured bluff at its highest point, despite being overrun by weeds. The purchase actually fell through a month after it was disclosed. The Jack L. Warner estate was Jeff’s complete February 2020 real estate purchase for a total of $165 million.

Other Real Estate Assets

Net Worth Details And History

At least $70 billion of Bezos’ shares have been sold over Amazon’s first 20 years on the market. Every year, he conducts a premeditated stock sale in which he sells approximately $1 billion worth of shares. Amazon had a market cap of $300 million on the day it went public. Jeff had a net worth of $120 million at the time of his purchase of 40% of the company (on paper, pre-tax). One year later, he had $1 billion in his bank account. Jeff was valued at over $10 billion at the height of the dot-com bubble. Immediately following the implosion of the bubble, Amazon’s stock price plummeted to an all-time low of $5 per share. Jeff’s net worth has fallen to $1-2 billion at this point. If you had the foresight to invest $10,000 in Amazon shares in October 2001, you would have over $15 million in the bank today, even before factoring in dividends.

Net Worth Milestones

Jeff announced in January 2019 that he is divorcing his 25-year-old wife, MacKenzie. Jeff’s $150 billion fortune is in jeopardy as a result of this divorce. On this date in 2019 – MacKenzie will receive Amazon stock worth $36 billion as part of Jeff and Jeff’s amicable divorce settlement. MacKenzie’s shares will remain in Jeff’s hands, and he’ll be able to vote with that majority. The Washington Post and Jeff’s space business Blue Origin will not be owned by her. How the couple opted to share their many properties and jets remains a mystery. Jeff’s net worth jumped to $114 billion soon after the news was made public.

If you’re keeping count, Jeff became a billionaire just three years after he started in 1995. The first $50 billion he made took him 20 years, but the second $50 billion he made in only 2.5 years, bringing his total to $100 billion. He made his third $50 billion in just seven months, bringing his total to $150 billion. In the blink of an eye, he lost $36 billion in the blink of an eye.

Summary

Jeff Bezos is a billionaire with a fortune estimated to be around $190billion dollars. At the time of this writing, he is the world’s richest person. Amazon.com was founded by him, and he serves as the company’s CEO. MacKenzie Bezos became one of the world’s wealthiest persons as a result of her divorce from Jeff Bezos, who lost $36 billion.

Jeff Bezos’s 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
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