Jeff Bezos's net worth

Jeff Bezos’s net worth 2023

What is Jeff Bezos’s net worth?

Jeff Bezos is a philanthropist, businessman, and space explorer from the United States who is best known for founding Amazon.com. Amazon.com is led by Jeff Bezos, who is the company’s founder, CEO, president, and chairman of the board. In July 2017, he became the first person to surpass Bill Gates in terms of fortune. Between October 2017 and January 2021, he was the world’s wealthiest person without interruption.

According to the company’s most recent SEC filing, Jeff controls 55 million Amazon shares, or around 12% of the total outstanding. At one point, he held 80 million Amazon shares. Jeff Bezos gave his ex-wife, MacKenzie Bezos, 19.7 million shares as part of their April 2019 divorce settlement. The shares were worth $36 billion at the time of the transfer. As a result of the settlement, Jeff’s net worth was temporarily cut from $150 billion to $114 billion. Jeff was also an early pre-IPO investor in Google.com, and he now owns at least $1 billion worth of Alphabet Inc. shares. 

For much of the 2000s, Jeff was not even among the top 10 or top 20 richest people in the world. Late in 2014, Amazon’s stock began to rise. Jeff’s net worth was $50 billion in July 2015. His net worth (and stock) had doubled in less than two years. On July 27, 2017, Bezos surpassed Bill Gates as the world’s richest person. Amazon’s market capitalization surpassed $1 trillion in September 2018. He still possessed 80 million shares at the time of his divorce. Jeff’s net worth was valued at $170 billion at the moment, which was an all-time high.

Jeff Bezos net worth

Early Life

Jeff Bezos was born in Albuquerque, New Mexico, on January 12, 1964.

His grandfather worked for the US Atomic Energy Commission as a regional director in the area and retired early to the ranch. As a kid, Jeff worked with him there for several summers.

Bezos was known for his scientific interests and technological skills; he once set up an electric alarm in his room to keep his younger siblings out.

Jeff attended Miami Palmetto High School and received a Silver Knight Award for his participation in the University of Florida’s Student Science Training Program.

Career

Jeff graduated from Princeton University in 1986 and moved to work in the field of computer science on Wall Street. After that, he worked for Fitel, a corporation that specialized in international trade.

Later, he worked at Bankers Trust and at D. E. Shaw & Co., where he focused on Internet-enabled business potential.

He launched Amazon.com in 1994, which began as an online used bookstore. The site’s popularity and inventory rose swiftly, and Jeff was named to the Forbes 400 list in 1998.

Amazon has grown to become the world’s largest online store, employing over 800,000 people, and it all began with Bezos selling used books from his home.

In 2018, Bezos overtook Bill Gates as the world’s richest man.

His net wealth had risen to $150 billion at the time. However, this was prior to his divorce from MacKenzie Bezos. As a result of the divorce, she acquired nearly $35 billion in Amazon shares, making her one of the world’s wealthiest women.

It went down in history as the most expensive divorce ever.

  • Jeff Bezos’s net worth is estimated to be $201.7 billion in 2021.

Real Estate and Assets

According to reports, Jeff paid $255 million for two Beverly Hills properties on February 12, 2020. The Jack L. Warner estate, the first property, cost $165 million. The estate, located in the heart of Beverly Hills, covers ten lush acres and has a 13,600-square-foot main home. The seller was entertainment mogul David Geffen, who purchased the property for $47.5 million in 1990. The second property Bezos purchased in February 2020 was Enchanted Hill, a 120-acre vacant hilltop. The estate of late Microsoft founder Paul Allen, who bought the land for $20 million in 1997, was the seller. The property does include a 1.5-mile driveway and a manicured bluff at its peak, though it is mostly overrun with weeds. 

Other real estate assets:

1. $12.9 million mansions in Beverly Hills, acquired in July 2018

2. The $24.5 million mansion is right next door to the above Beverly Hills home, acquired in 2007.

3. In 2018, a $23 million mansion in Washington, D.C. was purchased. A former museum consists of two buildings with a total living area of 27,000 square feet.

4. 300,000 acres in Texas that include multiple ranches.

5. 100,000 additional acres in different parts of the country.

6. Three units at 25 Central Park West in Manhattan.

7. A $10 million, 5-acre property in Medina, Washington, was acquired in 1999.

8. He acquired the $50 million mansion next door to his property in Medina in 2005.

Summary

Jeff Bezos has gone from failing to sell books to selling anything he wants. It all started with a single man attempting to sell used books.

Jeff Bezos’s net worth is estimated to be $201.7 billion in 2021, which is a substantial sum of money!

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