Jeff Bezos Net Worth

Jeff Bezos Net Worth 2023:Richest People in the World

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What is Jeff Bezos net worth?

An American philanthropist, businessman, and space explorer, Jeff Bezos is perhaps best known for creating Amazon.com. Founder, CEO, president and chairman of Amazon.com, Jeff Bezos is the company’s founder, chief executive officer, president, and chairman. In July 2017, he became the wealthiest person in the world after surpassing Bill Gates. From October 2017 to January 2021, he was the world’s richest person without interruption Jeff Bezos Net Worth.

According to Amazon’s most recent SEC filing, Jeff owns 55 million shares of Amazon or approximately 12% of the company’s outstanding stock. He owned 80 million shares of Amazon at the height of his career. Jeff Bezos transferred 19.7 million company shares to his ex-wife as part of his April 2019 divorce settlement with MacKenzie Bezos. At the time of the transfer, the value of the shares was $36 billion. Jeff’s net worth has been temporarily reduced from $150 billion to $114 billion due to the settlement. Moreover, Jeff was a pre-IPO investor in Google.com and owns at least $1 billion worth of shares in what is now known as Alphabet Inc Jeff Bezos Net Worth.

Jeff did not even rank among the top ten or twenty wealthiest individuals for much of the 2000s. Late in 2014, Amazon’s stock began to skyrocket. Jeff’s net worth was $50 billion as of July 2015. His net worth (and the store) had doubled in two years. On July 27, 2017, Bezos overtook Bill Gates as the wealthiest person on Earth. Amazon’s market cap surpassed $1 trillion in September 2018. Before his divorce, he owned 80 million shares of the company. As a result of that valuation, Jeff’s net worth reached an all-time high of $170 billion Jeff Bezos Net Worth.

Was Jeff Bezos Ever the Richest Person of All Time?

Jeff Bezos Net Worth

When Jeff’s peak net worth of $200 billion is compared to our list of the wealthiest people of all time after adjusting for inflation, he is not even in the top ten. Using the $200 billion number, that would be the 11th largest fortune ever accumulated by an individual (including inflation). According to inflation-adjusted figures, John D. Rockefeller was worth approximately $340 billion when he passed away.

Could Jeff Bezos Become a Trillionaire?

It is possible to achieve anything! However, it is a highly lofty goal if he relies solely on his Amazon shares to achieve trillionaire status. Because Jeff owns 12% of Amazon’s shares, he is worth $120 billion (on paper) for every $1 trillion market cap. For Jeff to become a billionaire solely based on his Amazon shares, the company’s market cap would need to exceed $8.3 trillion.

Early life – Jeff Bezos Net Worth

Jeff Bezos was born on January 12, 1964, in Albuquerque, New Mexico. Jeff was taken to a high school student who was 17 years old. The son of a bike shop owner, he grew up in a bicycle shop. Jeff’s mother divorced his birth father in the end. When he was four years old, he married a Cuban immigrant named Miguel Bezos. After the wedding, Miguel adopted Jeff Bezos Net Worth and his last name was legally changed from Jorgenson to Bezos. Due to this, the family moved to Houston, where Mike obtained a position as an engineer with Exxon. His mother’s parents owned a cattle ranch south of San Antonio, which made them closer to his mother’s family. The singer George Strait was the first cousin to Mattie Louise Gise, his maternal grandmother.

When Bezos was a child in Texas, he used his parent’s garage as a laboratory for his science projects. The summers he spent at his grandparents’ ranch were also spent working. Jeff would later claim that he learned his work ethic while working at the farm during his summers. Additionally, he would later purchase and expand the ranch from 25,000 acres to 300,000 acres.

Around the time Jeff was entering high school, the family relocated to Miami. Jeff worked as a short-order cook at McDonald’s as a high school student. He was the valedictorian of his high school and a National Merit Scholar. His valedictorian speech mentioned that he had a dream that one day, people would colonize space.

His original plan was to study physics at Princeton University, but his interest in computers led him to change his major to computer science. As a result, he graduated with a Phi Beta Kappa, summa cum laude, 4.2 GPA. He earned a Bachelor of Science in computer science and electrical engineering.

As soon as Jeff graduated from college, he was hired to work for a financial technology company called Fitel. Upon landing a product management position at Bankers Trust, he transitioned to the banking industry. He was hired in 1990 as a financial analyst at D. E. Shaw & Co., a hedge fund that had recently been established. The hedge fund intended to predict significant market gains using mathematical models.

Amazon – Jeff Bezos Net Worth

It was a year earlier that Jeff became fascinated by the nascent internet. He wanted to sell something online, so he decided to sell books. Bezos developed Amazon’s business plan while driving from New York to Seattle. The company was established in his garage in 1994 when it was incorporated.

Other accomplishments – Jeff Bezos Net Worth

Bezos received an honorary doctorate in science and technology from Carnegie Mellon University in 2008, and he was named Person of the Year by Time magazine in 1999. In 2000, Bezos founded Blue Origin, a human spaceflight startup company, partly due to his fascination with space travel. Blue Origin aims to develop space hotels, amusement parks, colonies and small cities. These hotels can house 2 million to 3 million people in orbit around the Earth. After purchasing a sizable aggregation of land in west Texas to build a launch and test facility in 2006, the company became known. It was in 2013 that Bezos discussed commercial spaceflight opportunities with Richard Branson, the multibillionaire founder of Virgin Group – the same year he purchased The Washington Post.

Real Estate And Assets – Jeff Bezos Net Worth

Jeff and MacKenzie purchased a Beverly Hills house for $24.5 million in 2007. In 2018, they paid $12.9 million for the house next door. MacKenzie received this now-combined two-home property as part of her divorce settlement in 2019. MacKenzie announced in August 2022 that she had donated the properties to a charitable organization called the California Community Foundation. It is estimated that the combined compound was worth $55 million at the time of the donation.

In February 2020, it was revealed that Jeff had paid $255 million for two Beverly Hills properties. Known as the Jack L. Warner estate, the first property cost $165 million. An estate covering ten lush acres in the heart of Beverly Hills features a main house measuring 13,600 square feet. In 1990, entertainment mogul David Geffen purchased the property for $47.5 million – Jeff Bezos net worth.

In February 2020, Bezos was reported to have purchased a 120-acre vacant hilltop called Enchanted Hill. In 1997, Microsoft founder Paul Allen’s estate purchased the land for $20 million from his estate. Although the property is overrun chiefly with weeds, it has a 1.5-mile driveway and a manicured bluff at its peak. It was reported that the purchase had fallen through a month after it was written. Jeff’s total real estate purchase in February 2020 was the $165 million Jack L. Warner property.

Other real estate assets:

Net Worth Details And History – Jeff Bezos Net Worth

Bezos has sold at least $70 billion worth of shares since Amazon first became public 20 years ago. As part of a planned stock sale arrangement, he sells approximately $1 billion value of claims each year.

Amazon’s market capitalization was $300 million on the day it was made public. As a result of Jeff’s ownership of 40% of the company at the time, he had a net worth of $120 million (on paper, pre-tax). After one year, he had a net worth of $1 billion. Jeff’s net worth exceeded $10 billion at the height of the dot-com bubble. In October 2001, Amazon’s stock price fell to an all-time low of $5 per share after the bubble burst. Jeff’s net worth during that period declined to between $1 and $2 billion.

Net Worth Milestones – Jeff Bezos Net Worth

May 1997 – $120 million for the company’s IPO.

June 1998 – $1 billion for the first time

June 1999 – $10 billion

July 2015 – $50 billion

January 2018 – $100 billion

July 2018 – $150 billion

September 2018 – $170 billion

In January 2019, Jeff announced that he was divorcing MacKenzie, his wife of 25 years. Jeff’s $150 billion net worth will be affected by the outcome of this divorce Jeff Bezos Net Worth.

During the week of April 4, 2019, Jeff and MacKenzie announced that they had reached an amicable settlement in their divorce. She will receive $36 billion in Amazon stock. There will be a 75% retention of Jeff’s former stake, and he will be able to vote on MacKenzie’s shares. The Washington Post and Jeff’s space company Blue Origin will not be owned by her. In terms of their various homes and jets, how the couple decided to divide them is still being determined. Following the announcement, Jeff became worth $114 billion.

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