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Jeff Bezos
  • Net Worth : $195 Billion
    0.00%
    Real Time Net Worth as of 2024/07/13
  • Wealth Source : Amazon
  • Industry : Technology
  • Date of Birth : 1964/01/11
  • Age : 60
  • Gender : Male
  • Citizenship : United States

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Jeff Bezos
  • Net Worth : $195 Billion
    0.00%
  • Wealth Source : Amazon
  • Industry : Technology
  • Date of Birth : 1964/01/11
  • Age : 60
  • Gender : Male
  • Citizenship : United States

Jeff Bezos Net Worth 2024

Year Net Worth

Jeff Bezos founded Amazon, the world’s largest online retailer. The official website of the Seattle-based firm sells virtually anything permitted by law, including electronics, household goods, and other commodities.

It also owns Whole Foods Market, a digital store, and offers cloud computing and streaming services. In 2022, Amazon’s revenue will be $514 billion.

According to Amazon’s 2023 proxy statement, Bezos controls around 10% of the world’s biggest online retailer.

He also controls Blue Origin, a space exploration company, which is also part of his net worth.

According to Chad Anderson, CEO of venture firm Space Angels, determining a price for Blue Origin is challenging due to its unique approach and the fact that Bezos is the only stakeholder with no clear inclination to sell.

Investment in Blue Origin

Bezos said in April 2017 that he financed Blue Origin by selling “about $1 billion of Amazon stock per year.”

This amount is deducted from his after-tax gains from his 2014 known share trades and is categorized as Blue Origin funding.

As the company’s first human-created flights were completed and Bezos’ share sales increased, the price was raised to $2 billion in 2021.

According to Bloomberg, he has sold over $30 billion in Amazon shares since 2002.

Purchase of the Washington Post

In August 2013, Bezos paid $250 million for the Washington Post, which is included in the cost. Bezos also spent around $500 million on the superyacht Koru, which will be unveiled in 2023.

In 2018, he dedicated $2 billion to social causes, and in February 2020, he pledged $10 billion to help mitigate the consequences of climate change. When presents are made, these sums will be removed from his net worth.

MacKenzie was given the value of monetary investments.

All of his transactions, taxes, and market performance add to the value of his cash assets. Bezos had 16% of Amazon before surrendering a 4% stake to MacKenzie Scott after the couple’s divorce in 2019.

At this time, $650 million was deducted from the cash balance to reflect Bloomberg’s estimate of the cost of his divorce, excluding Amazon stock.

jeff bezos net worth - comparewise

Bezos’s biography

Amazon was founded in 1994 by Jeff Bezos, a former Wall Street computer engineer, to sell books online.

Following its first public offering in 1997, Amazon’s shares almost quadrupled, bringing Bezos’ personal wealth to more than $12 billion.

By the time the technology boom burst in 2001, his shares were worth less than $2 billion.

The road to riches

The Princeton graduate developed his name by thinking long-term and focusing on customer service.
Amazon now offers millions of different items, many of which are sold by third-party sellers that depend on Amazon’s data management services to help them fulfill orders.

In 2007, the company released the Kindle electronic book reader. It is currently Amazon’s best-selling product.

Four years later, Amazon launched the Kindle Fire, pitting the firm against Apple in the tablet computer market.

Bezos controls the Washington Post as well as Blue Origin, a space exploration business that aims to reduce the cost and improve the safety of spaceflight.

In September 2018, he promised $2 billion of his money to preschool programs and homeless families and $10 billion to combat climate change in February 2020.

Divorced

In 2019, Bezos and his wife, MacKenzie Scott, split. As part of their divorce, MacKenzie obtained a 4% interest in Amazon.

He stated in February 2021 that he would step down as CEO of Amazon to devote more attention to his charities and other businesses. He joined Blue Origin’s first crewed trip in July 2021.

Jeff’s milestones of achievement

Jeffery Bezos’s life is a whirlwind of innovation and business prowess, and a true business and media titan’s odyssey.

YearMilestoneAchievement
1964Jeff Bezos was born in Albuquerque, New Mexico, USA.
1986He graduated with a degree in Engineering from Princeton University
1994He launched a platform for selling of books online, called Amazon.com Amazon.com 
1997He listed Amazon shares for public subscription ar $18 per shareInitial public offering for Amazon shares
1999Jeff Bezos was named the Time Magazine Person of the Year  
2003Jeff Bezos cheated death in deadly helicopter crash at southwest Texas
2007Jeff and his team introduced Kindle book reader on Amazon.com
2010This year a spike on Amazon sale, in that year Ebook  sale surpasses traditional book sale in the US
2013He purchased Washington Post Newspaper$250 million
2017Jeff Becomes the world richest manWorld Richest Man
2019Jeff with wife Mackenzie Scott
2021Jeff Bozos steps down as Amazon chief executive officer
2021Jeff joined Blue OriginBlue Orine

Jeffery Bezos’s early life

Jeff Bezos came into this world on January 12, 1964, in Albuquerque, New Mexico. His mother, just a 17-year-old high school student at the time, welcomed him.

Meanwhile, his father owns a small bicycle shop. Not long after Jeff’s birth, his mother divorced his biological father. When Jeff was four, she married Miguel Bezos, a Cuban immigrant who then officially adopted Jeff.

Consequently, Jeff’s last name was legally changed from Jorgenson to Bezos. Jeff and his family relocated to Houston, where the adopted father, Miguel, secured a job as an engineer at Exxon.

They were also closer to Jeff’s maternal grandparents, who had a cattle ranch south of San Antonio.
Interestingly, Jeff’s maternal grandmother, Mattie Louise Gise, happened to be first cousins with the renowned country singer George Strait.

Growing up as a child

Growing up in Texas, Jeff Bezos utilized his parents’ garage as a makeshift laboratory for his science experiments. He also spent his summers working on his grandparents’ ranch.

It was during these summers that Jeff claimed to have acquired his strong work ethic. Later on, Jeff went on to purchase more ranches, which increased their size from 25,000 acres to an impressive 300,000 acres.

As the family moved to Miami when Jeff was entering high school, he took on a job as a short-order cook at McDonald’s.

Despite his humble beginnings, Jeff emerged as the high school valedictorian and a National Merit Scholar. In his valedictorian speech, he expressed a visionary dream of humanity colonizing space.

Following high school, Jeff Bezos pursued a physics degree at Princeton University, but his fascination with computers gradually shifted his focus.

He ultimately graduated summa cum laude with an impressive 4.2 GPA and was inducted into the Phi Beta Kappa honor society.

Beginning of Jeff’s career

After completing his college education, Jeff embarked on his career, starting at a financial technology firm named Fitel. He later transitioned to the banking industry, securing a product management role at Bankers Trust.

In 1990, he landed a position as a financial analyst at D. E. Shaw & Co., a hedge fund founded on the belief that mathematical modeling could predict significant market gains.

Jeff Bezos remained with D.E. Shaw until 1994, rising to the rank of the company’s fourth senior vice president by the time he was 30 years old.

Jeff personal life

In 1993, Jeff Bezos tied the knot with Mackenzie Tuttle, whom he had first crossed paths with while working at D.E.

However, their marriage took a turn in January 2019 when the couple publicly announced their decision to divorce.

Not too long after the announcement, the National Enquirer published a story that Jeff Bezos was having an affair with another woman, and the story made headlines for weeks.

This revelation prompted Bezos to launch an investigation into the unauthorized access to his private text messages by the tabloid. Subsequently, in February, he took to the internet to share an extensive essay.

Within the essay, he leveled serious allegations against the officials at American Media Inc. (AMI), the parent company of the Enquirer.

Bezos accused them of engaging in “extortion and bribery” by implying they would release compromising photographs of him if he did not halt his inquiry, among other demands.

As the investigation led by Bezos continued to unfold, it eventually pointed fingers at his lover’s brother as the source behind the leaked text messages.

Personal life: former wife, fiancée, and children

Jeff Bezos crossed paths with MacKenzie Scott, who was MacKenzie Tuttle at the time, during their employment at D.E. Shaw. Bezos held the position of senior vice president, while Scott worked as an administrative assistant to support her writing aspirations.

Their romance was the talk of the town for over three months and led to an engagement and marriage in 1993. The marriage was blessed with four children together: three sons and a daughter, whom they adopted from China.

Jeff’s wife, Scott, played a very crucial role in the early stages of Amazon and its achievements. She contributed to the formulation of Amazon’s inaugural business plan and served as the company’s initial accountant.

Despite her reserved and scholarly nature, she stood by Amazon and her spouse. Trained under the guidance of Toni Morrison during her college years at Princeton University, Scott pursued a career as a novelist.

Her literary journey commenced with the publication of her first book, “The Testing of Luther Albright,” in 2005, followed by her second novel, “Traps,” in 2013.

After a marriage lasting over 25 years, Bezos and Scott divorced in 2019. The divorce settlement resulted in Bezos’ Amazon ownership being reduced from 16 percent to 12 percent, translating to a valuation of nearly $110 billion for him and over $37 billion for Scott.

Career in finance

Following his graduation from Princeton, Jeff Bezos embarked on a journey in the financial sector. He held positions at various Wall Street firms, including Fitel, Bankers Trust, and the investment firm D.E. Shaw.

Notably, in 1990, Bezos achieved the distinction of becoming the youngest vice president at D.E. Shaw.
Regardless of the considerable financial success Jeff experienced in the world of finance, he made a daring decision to venture into the emerging market of e-commerce.

In 1994, he resigned from his job, relocated to Seattle, and set his sights on the untapped potential of the Internet market by launching an online bookstore.

Jeff Bezos’ net worth

Jeffery Bezos, an American philanthropist, business tycoon, and space explorer, has a net worth of $154 billion. His wealth accumulation comes primarily from his role as the founder and owner of Amazon.com.

Bezos has held the positions of former CEO, current president, and chairman of the board at Amazon.
Notably, he eclipsed Bill Gates in wealth for the first time in July 2017, remaining the world’s wealthiest individual continuously from October 2017 until January 2021.

As per the most recent SEC filing by Amazon, Jeff Bezos owns a substantial 55 million shares of the company, constituting approximately 12% of the total outstanding shares.

During his peak ownership, Bezos held 80 million Amazon shares. Furthermore, as part of his divorce settlement with MacKenzie Bezos in April 2019, Jeff transferred 19.7 million shares to his former spouse, valued at $36 billion at the time.

This settlement cut his net worth from $150 billion to $114 billion for the time being. Notably, Bezos was an early pre-IPO investor in Google.com and today has at least a $1 billion investment in what is now known as Alphabet Inc.

Throughout much of the 2000s, Jeff Bezos did not rank among the top 10 or top 20 wealthiest individuals worldwide. However, the fortunes of Amazon stock soared starting in late 2014.

By July 2015, Bezos’ net worth had reached $50 billion, and within two years, it had doubled along with the stock’s performance. On July 27, 2017, Bezos claimed the title of the world’s richest person, surpassing Bill Gates.

In September 2018, Amazon achieved a market capitalization exceeding $1 trillion. At that juncture, Jeff Bezos still retained ownership of 80 million shares, resulting in a net worth that reached an all-time high of $170 billion.

Jeff Bezos net worth milestones

DateValuation
May 1997$120 million
June 1998$1 billion
June 1999$10 billion
July 2015$50 billion
January 2018$100 billion
July 2018$150 billion
September 2018$170 billion

In January 2019, Jeff made the difficult decision to end his 25-year marriage with Mackenzie. The repercussions of this divorce were bound to be significant, given Jeff’s staggering net worth of $150 billion.

Fast forward to April 4, 2019, and Jeff and MacKenzie came forward with surprising news: they had managed to reach a friendly and mutually agreeable settlement for their divorce.

Under the terms of this agreement, MacKenzie would receive Amazon stocks valued at $36 billion. Jeff, on the other hand, would still maintain control over 75% of his previous stake and retain voting authority over MacKenzie’s shares.

Notably, MacKenzie would not hold any ownership in The Washington Post or Jeff’s space venture, Blue Origin. The division of their numerous residences and aircraft remains a matter of curiosity.

As a result of this settlement, Jeff’s net worth immediately decreased to $114 billion, reflecting the substantial wealth transfer to Mackenzie.

DateValuation
9th March 2020$111 billion
1st July 2020$172 billion
9th July 2020$190 billion
26th August 2020$202 billion
December 2022$117 billion
January 2023$107 billion

If you’re keeping count, it only took Jeff three years to achieve billionaire status following his venture’s launch in 1995.

He spent two decades accumulating $50 billion, but astonishingly, a mere 2.5 years later, he duplicated that feat, amassing a grand total of $100 billion.

Even more remarkably, it took just 7 months to amass an additional $50 billion, reaching a staggering $150 billion. However, a sudden twist of fate led to the loss of $36 billion with a single stroke of the pen.

Milestones of Jeff Bezos net worth over time

DateValuation
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
November 2022$117 billion

Expanding Amazon beyond books

After Jeffery completed his degree at Princeton University, he earned degrees in both computer science and electrical engineering.

Instead of accepting offers from tech giants like Intel and Bell Labs, he ventured into the world of startups by joining Fitel.

In collaboration with Halsey Minor, the renowned founder of CNET, Bezos embarked on a venture to create a fax-based news service, which unfortunately did not succeed.

This setback, however, paved the way for Bezos to become the youngest senior vice president at D. E. Shaw, a prominent hedge fund.

In 1994, Bezos was captivated by the staggering 2,300% annual growth of the Internet, and this fascination sparked the inception of his groundbreaking idea, Amazon.com.

With an initial investment of $10,000, Bezos, along with his wife and two dedicated programmers, set up shop in their garage. Surprisingly, most of their crucial meetings took place at the local Barnes & Noble bookstore.

In July 1995, Amazon.com was launched, and within a short span of time, it was selling books not only across all the states in the U.S. but also in 45 different countries worldwide.

Real estate and asset investments

Back in 2007, Jeff and MacKenzie purchased a grand mansion sitting on 2 acres of prime land in Beverly Hills, California.

They paid a substantial sum of $24.5 million for this lavish estate. Fast forward to 2018, and they acquired the adjacent property for $12.9 million.

Following their 2019 divorce, MacKenzie gained possession of this now-combined two-home estate.
In August 2022, she made a noteworthy announcement. MacKenzie generously decided to donate these properties to a charitable organization known as the California Community Foundation.

At the time of this generous donation, the combined compound was estimated to be worth a staggering $55 million.

Significant real estate investments

Now, shifting our focus to February 12, 2020, it came to light that Jeff had made a significant real estate investment. He shelled out a staggering $255 million for two exceptional properties situated in Beverly Hills.

The first of these properties, famously known as the Jack L. Warner estate, set him back $165 million.
This estate sprawls over a lush 10 acres right in the heart of Beverly Hills and boasts a majestic 13,600-square-foot main residence.

Notably, the seller of this property was none other than entertainment mogul David Geffen, who originally acquired it in 1990 for $47.5 million.

Second property investment

The second property that Jeff Bezos was reported to have acquired in February 2020 was a sprawling 120-acre vacant hilltop retreat named Enchanted Hill.

This property was purchased from the estate of the late Microsoft founder Paul Allen, who had bought the land back in 1997 for $20 million.

Although it had become somewhat overgrown with weeds over the years, this property did possess a magnificent 1.5-mile-long driveway and a beautifully maintained bluff at its summit.

Interestingly, it was revealed that a month after the initial report, this purchase fell through, meaning that Jeff’s total real estate expenditure in February 2020 was solely the $165 million Jack L. Warner estate.

Adding to his impressive real estate portfolio, Jeff Bezos also holds several other valuable properties:

  • A splendid $23 million mansion located in Washington D.C., acquired in 2018. This former museum consists of two expansive buildings, totaling 27,000 square feet of living space.
  • A vast landholding of 300,000 acres in Texas, which includes multiple ranches.
  • An additional 100,000 acres of land are spread across various regions of the country.
  • Ownership of three units at 25 Central Park West in Manhattan.
  • A charming $10 million, 5-acre property in Medina, Washington, acquired back in 1999.
  • A luxurious $50 million mansion right next door to his existing property in Medina, which he acquired in 2005.

Owner of The Washington Post

On August 5, 2013, Jeff Bezos made big news by buying The Washington Post and some other newspapers connected to its parent company, The Washington Post Co., for $250 million.

This sale marked the end of the Graham family’s long control of The Post Co., which included Donald E. Graham, who was the company’s boss, and his niece, Katharine Graham, who was the Post’s publisher.

Donald Graham explained the deal by saying, “The Post could have kept going under our ownership and made money for a long time.

Jeff Bezos’s yacht

Jeff Bezos and his fiancée Lauren Sanchez were recently seen traveling around the Mediterranean on his new yacht, Koru.

Koru, previously known as Project Y721, is a really big sailboat with three tall masts, and it’s 417 feet long. A famous Dutch company named Oceanco made it, and it’s said to have cost $500 million. Boat International says that Koru is the biggest sailboat in the whole world.

This yacht has nine rooms that are well furnished for guests, and it can accommodate 18 people, including the yacht crew of 36 people.

Usually, big yachts like this have other ships with them too, which carry extra crew members and fun things like small boats, helicopters, jet skis, and underwater vehicles.

Koru is no different. It has another ship with it called Abeona, which is a 246-foot motor yacht, and it even has a place where helicopters can land.

Charitable donations

Jeff Bezos has shown a strong commitment to charitable giving. Aside from supporting educational initiatives through the Family Foundation, Jeff has made other big charitable donations to institutions like the Museum of History and Industry in Seattle and his alma mater, Princeton University.

Jeff Bezos and his ex-wife, MacKenzie, contributed $33 million to TheDream.US, an organization devoted to enhancing college access for illegal immigrant adolescents brought to the United States as youngsters, in January 2018.

This significant funding will give college scholarships to 1,000 high school graduates in the United States who have DACA status.

Investments in media, technology, and travel

Jeff Bezos has a strong interest in technology, media, and communication services that connect people.
He invested in Twitter Inc. (now known as X Corp.), the popular business news website Business Insider, and was an early investor in Google back in 1998.

While the exact value of his Google stock holdings today remains undisclosed, his initial investment of $250,000 has likely grown to billions.

Bezos has also supported platforms that facilitate connections among people, including investments in Zocdoc Inc. and Nextdoor.

Moreover, he invested over $30 million in the transportation company Uber. One of his remarkable investment success stories is Workday Inc., a provider of cloud-based human resource services.

After Bezos’s venture capital investment, the company went public through an initial public offering (IPO) that raised more than $684 million.

Additionally, Bezos has invested in Glassybaby, a company known for crafting glass-blown holders for votive candles.

In August 2013, he acquired The Washington Post for $250 million, and under his ownership, the publication’s audience and web traffic surged, surpassing The New York Times in terms of U.S. unique web viewers for the first time in October 2015.

Unconventional ventures

In 2013, Jeff Bezos announced his visionary concept for Amazon Prime, a groundbreaking subscription service that aimed to use drones for customer deliveries.

Fast forward to 2022 and the very first Amazon Prime Air drone deliveries in selected areas, with grand plans for expansion.

Bezos also embarked on the ambitious 10,000-year clock project, which involves erecting a clock within the Sierra Diablo mountain range in Texas.

This clock is designed to tick away for an astounding 10,000 years and features a chime generator that produces a unique chime sound every day.

Bezos justified this project by emphasizing the necessity of “long-term thinking” in addressing today’s global challenges.

In another remarkable endeavor, the F-1 engine retrieval project salvaged engines responsible for propelling the Apollo 11 mission to the moon from the depths of the Atlantic Ocean.

These historic artifacts were rescued and repurposed into captivating displays, eventually finding their new home at the Museum of Flight in Seattle in 2015. With his immense wealth, Bezos realized his childhood aspiration of becoming a space entrepreneur.

Year after year, Bezos commits a staggering $1 billion to his space exploration venture, Blue Origin. Blue Origin made headlines in 2016 when it became one of the first commercial businesses to launch a reusable rocket.

Then, on July 18, 2018, Blue Origin successfully tested the safety systems of their New Shepard spacecraft at high altitudes.

Jeff Bezos’ luxury collection

In addition to Jeff’s real estate investments, he also owns a fleet of private jets, including two Gulfstream aircraft, for his personal travel needs.

In 2015, his company, Poplar Glen, bought a $5.5 million hangar at Seattle’s Boeing Field to house these jets.

Notably, Bezos recently took delivery of a magnificent superyacht he commissioned, which was constructed in the Netherlands.

According to Boat International, this colossal vessel measures 417 feet in length, making it the largest sailing yacht globally. Its annual maintenance cost is reported to be a staggering $25 million, as disclosed by Elite.

Conclusion

Jeff Bezos may have relinquished the title of the world’s wealthiest individual in 2021, but in 2023, he still holds the position as the third richest person. His wealth is surpassed only by Bernard Arnault of France and Elon Musk.

It’s worth noting that Bezos is not only the founder but also the former CEO of Amazon, where he now serves as the executive chair.

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FAQs about Jeff Bezos' net worth

What companies does Jeff Bezos own?

Apart from founding Amazon, Jeff Bezos also possesses ownership of The Washington Post and a space exploration venture known as Blue Origin.

What companies are in Jeff Bezos' stock portfolio?

In addition to his substantial stake in Amazon, Jeff Bezos has made investments in companies such as Uber, Airbnb, and Business Insider.

Was Jeff Bezos ever the richest person of all time?

While Jeff Bezos reached a peak net worth of $200 billion, when accounting for inflation, he doesn't rank among the top 10 richest individuals in history. To put this into perspective, even after adjusting for inflation, figures like oil magnate John D. Rockefeller's fortune surpassed Jeff's, reaching an estimated $340 billion upon his passing.

Could Jeff Bezos become a trillionaire?

While it's not impossible, achieving trillionaire status solely through his Amazon shares appears to be a challenging endeavor for Jeff Bezos. With his 12% ownership in Amazon, his net worth increases by approximately $120 billion for each $1 trillion increase in the company's market capitalization. To become a trillionaire in this manner, Amazon's market cap would need to surpass a staggering $8.3 trillion.

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December 28, 2023
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