Jeff Bezos Net Worth 2022: Is The Amazon CEO World Richest Person?
Jeff Bezos Net Worth: American technology entrepreneur Jeff Bezos is the creator of Amazon.com, the world’s largest online retailer. He was adopted by Miguel Bezos, a Cuban immigrant when his mother married him. He was born to Jacklyn Gise and Ted Jorgensen.
As a boy, he worked on his grandfather’s Texas ranch, installing pipelines, administering vaccinations to animals, and maintaining windmills. He received his B.Sc. while attending Miami Palmetto Senior High School. Graduating “summa cum laude” with a degree in Electrical Engineering and Computer Science from Princeton University.
He held positions on Wall Street with businesses like Fitel, Bankers Trust, and D. New York-based E. Shaw & Co He was appointed D’s youngest vice president. Shaw & Company E. Despite his achievements, he decided to leave the finance industry.
He established the online bookstore Amazon.com and later added functions, including one-click buying, customer reviews, and email order confirmation. He broadened it to incorporate other goods like apparel, C.D.s.., toys, jewellery, watches, gadgets, and shoes.
He is continually updating his website and adding better services for his clients. The establishment of Blue Origin, an aerospace business that is creating technology to offer space travel to clients, was inspired by the founder’s childhood desire to go to space.
Jeff Bezos Early Life
Jeff Bezos was born in Albuquerque, New Mexico, on January 12, 1964. When Jeff was born, his mother was a high school student who was 17 years old. His father had a bicycle store. After some time, Jeff’s mother and birth father were divorced.
She wed Miguel Bezos, a Cuban immigrant when he was four. Soon after the wedding, Jeff’s last name was formally changed from Jorgenson to Bezos, and Miguel adopted Jeff. When the family relocated to Houston, Mike was hired as an engineer by Exxon. You may also check our trending articles Austin McBroom Net Worth and Nick Prugo Net Worth.
Additionally, they were nearer to his mother’s parents’ cattle ranch south of San Antonio. George Strait, a country music star, was a first cousin of his maternal grandmother Mattie Louise Gise. Bezos conducted his science experiments in his parent’s garage while still a child in Texas.
Additionally, he would put in summers at his grandparents’ ranch. Later, Jeff would assert that his summers at the ranch were where he developed his work ethic. Later, he would buy the farm and increase its size from 25,000 to 300,000 acres.
When Jeff started high school, the family relocated to Miami. Jeff worked as a short-order cook at McDonald’s in high school. He was a National Merit Scholar and the valedictorian of his high school. He spoke of his hope that one-day humans would occupy space in his valedictory speech.
He enrolled at Princeton University to study physics, but his passion for computers changed his major. His final grade point average was 4.2, and he was a Phi Beta Kappa graduate. He received a Bachelor of Science in electrical engineering and computer science.
After graduating from college, Jeff started working for Fitel, a company specializing in financial technology. When offered a position in product management at Bankers Trust, he eventually switched to the banking sector.
He was employed by D in 1990 as a financial analyst. E. Shaw & Co. was a newly established hedge fund that believed mathematical modelling could forecast significant market profits. Jeff had a job at D.E. Shaw until 1994 when he had advanced to become the fourth senior vice president of the business. Thirty years old was him.
Jeff Bezos’s Personal Life
When Jeff Bezos worked for D in 1992, he met MacKenzie Tuttle’s author. E. Shaw in New York City. After one year, they got married. The pair relocated to Seattle, Washington, where Bezos established Amazon in 1994.
Three sons and one daughter adopted from China belong to Jeff Bezos and his ex-wife, MacKenzie Tuttle. After a long separation, the pair declared their intention to divorce on January 9, 2019. On April 4, 2019, their divorce was legally finalized.
After the couple’s divorce, Jeff Bezos still owns 75% of the shares in Amazon and the voting rights.
According to rumors, Lauren Sanchez, a former news anchor, T.V… show host, and helicopter pilot, is dating Amazon.com’s founder.
Jeff Bezos Career
He had employment offers from Bell Labs, Intel, Andersen Consulting, and more in 1986. Jeff resigned from his employment at D.E. in late 1993. Shaw and I decided to launch an internet bookshop. He established Cadabra, which later became Amazon, on July 5, 1994, from his garage.
$300,000 was invested in Amazon by his parents. Bezos expanded Amazon, which began as an online bookstore, to other products by the end of 1998. Bezos obtained a $2 billion bank loan in 2000. In 2003, Amazon recovered from its financial instability after experiencing financial difficulty in 2002 and made a $400 million profit.
Amazon debuted the Kindle in 2007. On behalf of Amazon Web Services, he negotiated a $600 million contract with the CIA in 2013. The most money Bezos has ever made from selling Amazon stock was $671 million, which he received in May 2016 when he sold over a million shares of his holdings.
28 years ago, Jeff Bezos first incorporated the company that became Amazon.
Only 0.45 % of the world had Internet access. It was slow.
You paid AOL $19.95 for 5 hours and then $3 an hour afterward. Domain names were free and no internet ads. (video 1997) pic.twitter.com/VnQNa1iq8E
— Vala Afshar (@ValaAfshar) September 29, 2022
In August of the same year, he sold another million of his shares for $756.7 million. For a brief period in July 2017, Jeff held the title of the wealthiest person in the world. He reached $100 billion in wealth in November of the same year. He appeared in an Amazon Super Bowl commercial on January 29, 2018.
The business announced its highest-ever profit on February 1, 2018, with $2 billion in quarterly earnings. With a net worth of $112 billion, Jeff was named the world’s richest person by Forbes on March 6, 2018. He left his position as its CEO on July 5, 2021, so that he may focus his energies on other interests.
Jeff Bezos established Blue Origin, a startup business for human spaceflight, in September 2000. The industry bought a sizable plot of property in West Texas for a launch and testing site up to 2006. The company’s uncrewed prototype vehicle crashed during a short-hop test flight in 2011.
Richard Branson, chairman of Virgin Galactic, and Jeff Bezos met in May 2013 to talk about potential and approaches for commercial spaceflight. The business launched the New Shepard spacecraft in November 2015, and it successfully reached the test altitude and returned to the West Texas launch pad.
Blue Origin’s primary goal is to multiplanet humanity to protect Earth’s natural resources. The business revealed that Bezos set the cost of commercial spaceflight tickets at between $200,000 and $300,000 per person in July 2018.
The Washington Post
Jeff Bezos bought the Washington Post for $250 million on August 5, 2013. He rebuilt the newspaper’s digital media, mobile platforms, and analytics tools in 2016, reimagining it as a media and technology company.
Bezos and The Washington Post editorial board later rejected the first charge that he unfairly controlled the newspaper’s content. After a boom in online readership, the newspaper achieved profitability in 2016 for the first time since Bezos bought it.
Through Bezos Expeditions, Jeff Bezos makes personal investments. He was one of Google’s original investors. Bezos made a $250,000 investment in 1998 that produced 3.3 million shares of Google stock, valued at around $3.1 billion in 2017.
Additionally, he made investments in the healthcare industry, including Unity Biotechnology, GRAIL, Juno Therapeutics, and Zocdoc. Jeff Bezos is also actively engaged in charitable activities by making direct donations and funding nonprofit initiatives through Bezos Expeditions.
Jeff Bezos’s Net Worth
American entrepreneur, philanthropist, and space explorer Jeff Bezos are probably best known for founding Amazon.com. Amazon.com was founded by Jeff Bezos, who also serves as its president, chief executive officer, and chairman of the board.
In terms of fortune, he initially overtook Bill Gates in July 2017. Between October 2017 and January 2021, he held the title of richest man without fail. Jeff Bezos’s net worth is $142 billion as of this writing.
Jeff holds 55 million shares of Amazon, or around 12% of the total shares outstanding, according to the company’s most recent SEC filing. He had 80 million shares of Amazon at his highest point. Jeff Bezos transferred 19.7 million shares to MacKenzie Bezos as part of their divorce settlement in April 2019.
The shares were worth $36 billion at the time of transfer. Jeff’s net worth was temporarily decreased by the settlement from $150 billion to $114 billion. Jeff has at least $1 billion value of shares in what is now known as Alphabet Inc. and was a pioneering pre-IPO investor in Google.com.
Jeff was not even among the top 10 or 20 wealthiest persons on the planet for most of the 2000s. Late in 2014, the price of Amazon stock started to soar. Jeff had a $50 billion net worth as of July 2015. His net worth (as well as the shares) had doubled in less than two years.
On July 27, 2017, Bezos surpassed Bill Gates to become the world’s richest person. The market value of Amazon reached $1 trillion in September 2018. He still had 80 million shares at the time because it was before his divorce. Jeff’s net worth exceeded the then-record high of $170 billion.
Bezos has sold shares in Amazon worth at least $70 billion in the 20 years since the company went public. He yearly organized stock sales, selling shares for about $1 billion. Amazon had a $300 million market cap on the day it went public.
Jeff had a net worth of $120 million and owned 40% of the business (on paper, pre-tax). He was worth $1 billion after a year. Jeff’s net worth was over $10 billion when the dot-com bubble was at its height. Amazon’s stock price hit an all-time low of $5 per share in October 2001 as the bubble broke.
Jeff’s net worth dropped to between $1 and 2 billion then. In October 2001, if you had been foresighted enough to invest $10,000 in Amazon shares, you would have more than $15 million now, not including dividends.
An American businessman, media mogul, investor, computer engineer, and commercial astronaut named Jeffrey Preston Bezos. He was the company’s founder, executive chairman, and previous president and CEO. Jeff Bezos’s net worth is $142 billion. Hopefully, we will provide all the information about his net worth. So if you like this article then please it with your friends and family. To read more net worth-related articles about James Earl Jones and Roger Stone, visit our website domaintrip.com