Jeff Bezos is now the richest person in the world. He started the well-known online store Amazon, which is said to be one of the biggest and most successful in the world.
People have been talking a lot about the richest person in the world recently, and Jeff Bezos's net worth has been changing a lot. But Jeff is now richer than Bill Gates and has taken his place as the richest person in the world.
Jeff Bezos was born in Albuquerque, New Mexico, on January 12, 1964. There, his grandfather worked for the U.S. Atomic Energy Commission as a regional director, and when he retired early, he moved to the ranch.
Jeff worked there with him for many summers when he was young. Bezos was always interested in science and was good with technology. Once, he set up an electric alarm to keep his younger siblings out of his room.
Jeff went to Miami Palmetto High School, where he took part in the University of Florida's Student Science Training Program and got a Silver Knight Award.
Jeff Bezos' Career
Jeff graduated from Princeton University in 1986 and went to work in computer science on Wall Street. Then, for a company called Fitel, he built a network for international trade.
He started Amazon.com in 1994. At first, it was an online used bookstore. Later, he worked at Bankers Trust and at the hedge fund company D. E. Shaw & Co., where he looked for business opportunities that could be made possible by the Internet.
The number of items on the site quickly grew, and so did its popularity. In 1998, Jeff was named to the Forbes 400 list. Amazon is now the biggest online store in the world and employs more than 800,000 people.
It all started when Bezos sold used books from his home. In 2018, Bezos passed Bill Gates to become the richest person in the world. At the time, he was worth $150 billion. However, this was before he and MacKenzie Bezos got a divorce.
Due to the divorce, she got about $35 billion worth of Amazon stock, which made her one of the richest women in the world. It was the divorce that cost the most money ever.
Jeff Bezos – Key Facts
- Jeff Bezos began Amazon as an online bookstore in 1994.
- In 1997, he sold Amazon's first shares to the public for $18 each. After that, Amazon's stock was worth more than 40 times as much as it was before.
- In 1998, it was the first time he was on the Forbes 400 list.
- In 1999, Time magazine named him “Person of the Year.”
- He started the space company Blue Origin in the year 2000.
- He started Amazon Studios in 2010. Movies and TV shows from Amazon Studios are shown in theatres and on Amazon Prime Video.
- Jeff Bezos paid $250 million for The Washington Post in 2013.
- In 2018, when he passed Bill Gates, he became the richest person in the world.
- In 2021, he gave up his job as CEO of Amazon.
- In 2021, he was on Blue Origin's first flight with people on board.
- Jeff Bezos has sold more than $27 billion worth of Amazon stock over the years (before taxes).
How Much Does Jeff Bezos Make in a Day?
Jeff Bezos's income changes from day to day and with the stock market. Forbes says that nearly 90% of Bezos' wealth comes from his Amazon stocks. In fact, he was only paid $81,000 a year as CEO of Amazon.
The news source also says that the founder of Amazon has sold or given away more than half of his Amazon shares over the years. This includes shares he sold to pay for Blue Origin and shares he gave away when he got divorced.
How Much Does Jeff Bezos Make in a Minute?
Even though his income changes over time, the Independent estimated he made about $142,667 per minute.
Jeff Bezos's Net Worth
Forbes says that Jeff Bezos has a net worth of $130 billion, according to celebrity net worth.
How Much Did It Cost Jeff Bezos to Get a Divorce?
When Jeff Bezos and MacKenzie Scott broke up in 2019, it was the most expensive divorce ever. Bezos is said to have given his ex-wife $38 billion worth of Amazon stock. He was married to her for 25 years and had four children with her.
Since then, MacKenzie has married science teacher Dan Jewett, and Bezos now has a girlfriend, journalist Lauren Sanchez. Scott, unlike her ex-husband, has signed the Giving Pledge, which is a promise to give most of her money to charity.
How Does Jeff Bezos Spend His Money?
Jeff Bezos has more money than anyone else in the world. It is thought that his home in Medina is worth $25 million. Bill Gates, the second-richest person in the world, lives nearby.
Wealth-X says that Bezos's three connected apartments in The Century building on Central Park West in Manhattan are worth at least $17 million.
The Seattle Times says that Bezos also paid for the recovery of the remains of several Apollo booster rocket engines from the bottom of the Atlantic Ocean 14,000 feet below. This work began in 2013.
Poplar Glen owns the 2015 Gulfstream G-650ER, a top-of-the-line private jet that costs $65 million through his holding company. Bezos Expeditions has put money into companies like Basecamp, Workday, Juno Therapeutics, and Twitter.
Wealth-X says that the share of Bezos Expeditions that he owns is worth at least $880 million. The New York Times says that in 2017, Bezos gave $35 million to the Fred Hutchinson Cancer Research Center in Seattle. The Reporters Committee for Freedom of the Press also got $1 million from Bezos.
How Much Money Did Jeff Bezos Spend to Travel to Space?
Bezos' net worth is enormous, and he plans to launch himself into space. Blue Origin, his aerospace company, has made several crewed flights to the edge of space, including one with Michael Strahan and William Shatner.
Bezos himself made the trip in July 2021, when he boarded the New Shepard rocket's first crewed flight with his brother, Mark Bezos, and two other passengers.
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Bezos, who is no stranger to controversy for the ways he spends his money, sparked controversy—and a slew of memes—after the flight when he thanked “every Amazon employee and every Amazon customer because you guys paid for all of this.
“The remarks came amid criticism of Amazon's treatment of its employees. Blue Origin is expected to cost around $28 million, according to the Independent.
Jeff Bezos used to have trouble selling books, but now he can sell anything he wants. Amazon has become a huge company that is taking over the new world. It all started with one guy trying to sell used books. Jeff Bezos' estimated net worth in 2022 is $130 Billion, which is a lot of money.