Jeff Bezos Net Worth | Celebrity Net Worth

September 2024 ยท 11 minute read
Info Category: Richest Business โ€บ CEOs Net Worth: $179 Billion Date of Birth: Jan 12, 1964 (59 years old) Place of Birth: Albuquerque Gender: Male Profession: Entrepreneur, Businessperson Nationality: United States of America ๐Ÿ’ฐ Compare Jeff Bezos' Net Worth Table of ContentsExpand
  • Was Jeff Bezos Ever the Richest Person of All Time?
  • Could Jeff Bezos Become a Trillionaire?
  • Early Life
  • Amazon
  • Other Accomplishments
  • Real Estate And Assets
  • Net Worth Details And History
  • Net Worth Milestones
  • What is Jeff Bezos' net worth?

    Jeff Bezos is an American philanthropist, businessman and space explorer who has a net worth of $179 billion. Jeff Bezos earned his fortune as the founder of Amazon.com. Jeff Bezos is the former CEO and current president and chairman of the board of Amazon. He first surpassed Bill Gates in terms of wealth in July 2017. He was the richest person in the world without interruption between October 2017 and January 2021.

    According to the company's most recent SEC filing, Jeff owns 55 million shares of Amazon, roughly 12% of the total shares outstanding. At his peak he owned 80 million shares of Amazon. As part of his April 2019 divorce settlement with MacKenzie Bezos, Jeff transferred 19.7 million shares to his ex-wife. The value of the shares at the time of the transfer was $36 billion. The settlement temporarily reduced Jeff's net worth from $150 billion to $114 billion. Jeff was also an early pre-IPO investor in Google.com and owns at least $1 billion shares in what is now known as Alphabet Inc.

    For much of the 2000s, Jeff was not even in the top 10 or top 20 of the wealthiest people on the planet. Amazon stock began to sky rocket in late 2014. In July 2015, Jeff's net worth was $50 billion. In under two years, his net worth (and the stock) had doubled. On July 27, 2017, Bezos took over Bill Gates as the richest person on the planet. In September 2018, Amazon's market cap topped $1 trillion. This was prior to his divorce so he still owned 80 million shares. At that valuation, Jeff's net worth topped an then-all-time high of $170 billion.

    Key Facts

    Was Jeff Bezos Ever the Richest Person of All Time?

    When comparing Jeff's peak net worth of $200 billion to our list of the richest people of all time after adjusting for inflation, Jeff is not even in the top 10. Using the $200 billion number, that would be the 11th largest fortune ever accumulated by a single human (counting inflation). For comparison, when oil tycoon John D. Rockefeller died, he was worth an inflation-adjusted $340 billion.

    Could Jeff Bezos Become a Trillionaire?

    Anything is possible! But it seems like an extremely lofty goal if he's just relying on his Amazon shares to get trillionaire status. As the owner of 12% of Amazon's shares, Jeff is essentially worth $120 billion (on paper) for every $1 trillion market cap milestone. So, in other words, for Jeff to become a billionaire based exclusively on his Amazon shares, the company's market cap would need to top $8.3 trillion.

    Michael M. Santiago/Getty Images

    Early Life

    Jeff Bezos was born on January 12, 1964 in Albuquerque, New Mexico. His mother was a 17 year old high school student when she gave birth to Jeff. His father owned a bike shop. His mother eventually divorced Jeff's birth father. When he was 4 she married a Cuban immigrant named Miguel Bezos. Soon after the wedding, Miguel adopted Jeff and Jeff's last name was legally changed from Jorgenson to Bezos. The family moved to Houston where Mike got a job as an engineer for Exxon. They were also closer to his mother's parents who had a cattle ranch south of San Antonio. His maternal grandmother Mattie Louise Gise was first cousins to country singer George Strait.

    While growing up in Texas, Bezos used his parents' garage as a laboratory for his science projects. He would also spend summers working at his grandparent's ranch. Jeff would later claim to have learned his work ethic during his summers at the ranch. He would also later purchase the ranch and expand it from 25,000 to 300,000 acres.

    The family moved to Miami, around the time Jeff was entering high school. While in high school, Jeff worked as a short order cook at McDonald's. He was high school valedictorian and a National Merit Scholar. In his valedictorian speech, he mentioned a dream that people of the earth would eventually colonize space.

    He attended Princeton University with a plan to study physics, but his love of computers shifted his studies. He eventually graduated summa cum laude with a 4.2 GPA, Phi Beta Kappa. He earned a Bachelor of Science degree in computer science and electrical engineering.

    Upon graduating from college, Jeff went to work for a financial technology firm called Fitel. He then transitioned to the banking industry when he landed a product management job at Bankers Trust. In 1990 he was hired as a financial analyst for D. E. Shaw & Co., a hedge fund that had recently been launched with the idea that mathematical modeling could predict big market gains.

    Jeff worked at D.E. Shaw until 1994, by which point he had risen to the company's fourth senior vice president. He was 30 years old.

    Amazon

    A year earlier, Jeff became fascinated with the nascent world wide web. He wanted to sell something online and he landed on selling books. Bezos created Amazon's business plan during a cross country drive from New York to Seattle. He officially founded the company in 1994, setting up the original business in his garage.

    Other Accomplishments

    In 2008, Bezos received an honorary doctorate in Science and Technology from Carnegie Mellon University, and in 1999 Bezos was named Time magazine's Person of the Year. In 2000, Bezos founded Blue Origin, a human spaceflight startup company, partially as a result of his fascination with space travel. Blue Origin includes an early interest in developing space hotels, amusement parks, colonies and small cities for 2 million or 3 million people orbiting the Earth. The company was kept secret for a few years until it became publicly known in 2006 after purchasing a sizable aggregation of land in west Texas for a launch and test facility. In 2013, Bezos was discussing commercial spaceflight opportunities and strategies with Richard Branson, multibillionaire founder of Virgin Group โ€“ during that year he also purchased The Washington Post.

    Jeff Bezos Net Worth

    (Photo by Phillip Faraone/Getty Images)

    Real Estate And Assets

    For around three decades, Jeff was a resident of Seattle, Washington. In November 2023 he announced his plan to move full-time to Miami. In the previous two months he paid $150 million for two properties on a private island in Miami called Indian Creek Village, which is also known as the "Billionaire Bunker." The properties are side-by-side and the assumption is that he will tear them both down to build a new massive mansion.

    In 2007 Jeff and MacKenzie paid $24.5 million for a mansion on 2 prime acres in Beverly Hills, California. In 2018 they paid $12.9 million for the home next door. MacKenzie received this now-combined two-home property as part of their 2019 divorce settlement. In August 2022 MacKenzie announced that she had donated the properties to a charity called the California Community Foundation. At the time of the donation the combined compound was worth an estimated $55 million.

    On February 12, 2020, it was revealed that Jeff had paid $255 million for two properties in Beverly Hills. The first property, known as the Jack L. Warner estate, cost $165 million. The estate covers 10 lush acres in the heart of Beverly Hills and features a 13,600 square-foot main house. The seller was entertainment mogul David Geffen who bought the property in 1990 for $47.5 million.

    The second property Bezos was reported to have bought in February 2020 was a 120-acre vacant hilltop called Enchanted Hill. The seller was the estate of late Microsoft founder Paul Allen, who purchased the land in 1997 for $20 million. Though mostly overrun with weeds, the property does have a 1.5 mile driveway and manicured bluff at its peak. A month after the purchase was reported, the deal actually fell through. So Jeff's total February 2020 real estate spree was the $165 million Jack L. Warner estate.

    Other real estate assets:

    Drew Angerer/Getty Images

    Net Worth Details And History

    In the 20 years since Amazon went public, Bezos has sold at least $70 billion worth of his shares. He sells roughly $1 billion worth of shares every year as part of a planned stock sale arrangement.

    The day Amazon went public, Amazon's market cap was $300 million. Jeff owned 40% of the company at the time, giving him a net worth of $120 million (on paper, pre-tax). With a year he was worth $1 billion. At the peak of the dotcom bubble Jeff's net worth topped $10 billion. After the bubble burst, Amazon's stock price sank to an all-time low of $5 per share in October of 2001. At that point, Jeff's net worth sank to $1-2 billion.

    If you had been smart enough to take $10,000 and buy shares of Amazon in October of 2001, today you would have more than $15 million before counting any dividends.

    Net Worth Milestones

    If you're keeping track, it took Jeff just three years to become a billionaire after launching in 1995. It took him 20 years to make $50 billion, but then only 2.5 years to make his second $50 billion, for a total of $100 billion. And then it only took 7 months to make his third $50 billion, for a total of $150 billion. And then he lost $36 billion in an instant with the stroke of a pen.

    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$213 billion
    November 2022$117 billion
    November 2023$170 billion

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