Date of Birth: Jan 12, 1964 (57 years old)
Profession: Entrepreneur, Businessperson
Nationality: United States of America
Last Updated: 2021
Jeff Bezos Net Worth :
The Net worth of Jeff Bezos in 2021 (Jeff Bezos Net Worth): Entrepreneur, philanthropist, and space explorer, Jeff Bezos is known most famously for founding Amazon.com. Amazon.com was founded by Jeff Bezos, who is the company’s founder, chief executive officer, president, and chairman of the board. He surpassed Bill Gates previously in 2017 in terms of wealth. Between October 2017 and January 2021, he was the world’s richest man without interruption.
Jeff Bezos has a net worth of $190 billion at the time of this writing.
Jeff owns 55 million shares of Amazon, or roughly 12% of the company’s outstanding shares, according to the most recent SEC filing. He owned 80 million shares of Amazon at his peak. Jeff Bezos transferred 19.7 million shares to his ex-wife in April 2019 as part of their divorce settlement.
At the time of the transfer, the value of the shares was $36 billion. As a result of the settlement, Jeff’s net worth temporarily dropped from $150 billion to $114 billion. Jeff also invested in Google.com early on and owns at least $1 billion of the shares of what is now Alphabet Inc.
In the early 2000s, Jeff was not even in the top 10 or top 20 richest people on earth. In late 2014, Amazon’s stock began to soar. The net worth of Jeff Bezos in July 2015 was $50 billion. He doubled his net worth (and the stock) in under two years. As of July 27, 2017, Bezos became the richest person in the world surpassing Bill Gates.
A trillion dollars’ worth of Amazon’s stock price topped one trillion dollars in September 2018. He still owned 80 million shares before his divorce. A net worth of $170 billion was Jeff’s highest ever.
Kay Facts :
- In 1994, he quit his job in finance to start an online bookstore
- He wrote the Amazon business plan in his car while driving across the country
- In 1998, Amazon had a net worth of $12 billion
- After the dotcom bubble burst, his net worth fell to $2 billion
- 2015 was the first year that net worth exceeded $50 billion
- 2018 marked the first time the net worth of a company surpassed $100 billion
- An investment in Google worth $1b was made pre-IPO
- At the time of his separation from wife MacKenzie, he was worth $136 billion
- She owns 20 million shares of Amazon and is now the world’s richest woman
- Jeff’s net worth would have easily topped $250b if they had never divorced
- Owner of The Washington Post
- Owns Beverly Hills property worth $300m
- Owns property worth $60m in Washington
- To date, Amazon shares have been sold for at least $70 billion
- Invests $1b per year in space company Blue Origin
- $211 billion worth of wealth in July 2021
Early Life :
Amazon CEO Jeff Bezos was born on January 12, 1964, in Albuquerque, New Mexico. His mother gave birth to Jeff when she was 17 years old and still in high school. During his childhood, his father owned a bike shop. A divorce eventually took place between Jeff’s mother and birth father. She married a Cuban immigrant named Miguel Bezos when he was 4.
Miguel adopted Jeff shortly after the wedding, and Jeff’s last name was made official from Jorgenson to Bezos. After moving to Houston, Mike joined Exxon as an engineer. He was also close to his mother’s parents, who had a cattle ranch south of San Antonio.
During his childhood in Texas, Bezos used his parents’ garage as a science laboratory. During the summer, he used to work on his grandparents’ ranch. The ranch was later expanded from 25,000 to 300,000 acres by him.
Jeff entered high school just as his family moved to Miami. Jeff worked at McDonald’s as a short-order cook in high school. He was a National Merit Scholar in high school. His valedictorian speech described a dream which he had of people colonizing space one day.
When Jeff graduated from college, he began working for a financial technology company called Fitel. Following this, he landed a position with Bankers Trust as a product manager. He began his career in 1990 as a financial analyst at D.E. Shaw & Co.
Jeff Bezos grew to love the nascent world wide web a year earlier. To make money online, he wanted to sell books. As he drove from New York to Seattle, Bezos formulated Amazon’s business plan. His garage was the original location of the company when he began it in 1994.
Net Worth Details And History :
It appears that Bezos has sold at least $70 billion worth of shares in the 20 years since Amazon went public. A planned stock sale arrangement sees him selling roughly $1 billion worth of shares every year.
Amazon’s market capitalization was $300 million the day before it went public. A 40% ownership in the company gave him a net worth of $120 million (on paper, pre-tax). The value of his assets was $1 billion after a year. Jeff’s net worth peaked at $10 billion during the dot-com bubble.
In October 2001, Amazon’s stock price plunged to a historic low of $5 per share. Jeff’s net worth dropped to $1-2 billion at that point
Jeff Bezos 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 $190 billion
The net worth of Jeff Bezos is $190 billion. According to his wealth, he is the richest person in the world at the time of writing. Amazon.com is the company he founded and leads. With the divorce settlement, he lost an estimated $36 billion from his fortune, making MacKenzie Bezos one of the 25 richest people in the world.
Citation Information :
Article Title: Jeff Bezos Biography
Author: odishapaper.com Editors
Website Name: odishapaper.com
Access Date: September 24, 2021