Jeff Bezos’s Net Worth : Amazon & Space Race

An American business magnate, media proprietor, and executive, Jeff Bezos’s net worth is a staggering $213 billion as of 2022.

Jeff Bezos is the chairman and founder of Amazon, plus a Forbes-listed billionaire.

Jeff Bezos is one of the prominent figures whose rise stems back to the dot-com boom. His venture begins with a small online book vending startup named “Amazon.”

Later, he transitions it into a trillion-dollar giant conglomerate, whose impact changes the landscape of eCommerce forever.

He became the first person to exceed Bill Gates in terms of fortune in July 2017. During the years between 2017 and 2021, he was the wealthiest person known.

Jeff also holds 55 million Amazon shares or around 12% of the company’s total stock. At one point, he held 80 million Amazon shares.

Jeff Bezos's profile image.
Jeff Bezos’s profile image.

Jeff handed 19.7 million shares to his ex-wife MacKenzie Bezos as part of his April 2019 divorce settlement. The shares were worth $36 billion at the time of the transfer.

Jeff’s net worth was temporarily cut from $150 billion to $114 billion due to the settlement. Jeff was also a previous operations shareholder in Google, and he now owns at least $1 billion worth of Alphabet stock.

Jeff was not even among the top 10 or top 20 of the world’s wealthiest people for much of the 2000s. Late in 2014, Amazon’s stock began to soar.

 On July 27, 2017, Bezos surpassed Bill Gates as the world’s richest person.

So, let’s get to know Jeff Bezos a little better, starting with some basic facts about him.

Quick Facts

Full Name Jeffrey Preston Bezos
Known name Jeffrey Preston Bezos
Date of Birth 12 January 1964
Birthplace Albuquerque, New Mexico, United States
Age 58 Years Old
Nationality American
Religion N/A
Ethnicity White
Residence U.S
Mother Jacklyn Bezos
Father Ted Jorgensen, Miguel Mike Bezos (step)
Siblings Sister- Christina Bezos
Brother- Mark Bezos
Height In Centimetres – 171 cm
Weight In Kilograms – 68 kg
In Pounds – 150 lb
Hair color Dark Brown
Eye color Black
Zodiac Sign Capricorn
High School River Oaks Elementary School in Houston, Texas, Miami Palmetto High School
College Princeton University
Profession Technology and Retail Entrepreneur, Investor, and Philanthropist
Sexual Orientation Straight
Marital Status Divorced
Ex-Spouse/Wife MacKenzie Bezos
Children Four
Active Years 1986–present
Salary $81,840
Net Worth $213 billion
Social Media  Twitter, WikipediaInstagram
Last Update June, 2022

Jeff Bezos’s Net Worth and Income

Jeff Bezos’s Net Worth

An American business magnate, media proprietor, and executive, Jeff Bezos’s net worth is a staggering $213 billion as of 2022. 

Jeff Bezos continues to profit from his Amazon contributions despite his retirement. According to Business Insider, he earned an $81,849 salary and $1.6 million in damages from Amazon last year.

Both Bezos and Amazon had seen their fortunes soar in recent years, especially when the pandemic boosted their online sales. Bezos’ net wealth is estimated to be $75 billion by 2020. Needless to say, the number has continued to climb to the present day.

His entire wealth is around 739,489 times greater than the median net worth of a 65-year-old American (retirement age). He is also worth twice as much as the entire British monarchy, estimated to be worth $88 billion in 2017.

Jeff Bezos is so wealthy that a dollar spent by the ordinary American is equivalent to $2 million spent by Bezos. The Amazon CEO momentarily became the first person in history to be worth $200 billion in August 2020.

Bezos’ fortune has grown by $74 billion since the first coronavirus deaths in the United States in early March. Bezos is so wealthy, with a net worth of $190 billion, that typical American spending $1 is equivalent to the Amazon CEO spending $2 million.

Let’s have a look at his earnings from the year 2011-2021:

Year Earnings
2011 $7,200,000,000
1966 $300,000
1969 $400,000
1973 $100,000
1977 $600,000
1978 $500,000
1979 $1,000,000
1980 $2,000,000
1990 $3,500,000
1912 $8,500,000

Jeff Bezos’s Income

Bezos’ annual salary is a mere $81,840, but his Amazon shares account for most of his fortune. His fortune has grown to the point that it can be likened to the British monarchy and entire countries’ GDP.

Bezos earns more each second than the average American worker earns in a week. His fortune has increased by $80 billion since mid-October 2019.

Based on his net worth change year over year, Bezos has made $152,207 per minute — and $2,537 per second. The latter sum is more than three times the weekly wage of the average American worker.

That means the Amazon CEO earns more than three times what the average US worker earns in a year: around $41,000, according to Bureau of Labor Statistics data.

Bezos generates $152,207 in revenue per minute. When comparing Bezos’ spending power to that of the average American family, the contrast is startling.

According to the sources, the average Citizen man with a bachelor’s degree will make $2.2 million in his lifespan. In comparison, the average Citizen woman with a bachelor’s degree will earn $1.3 million.

In 15 minutes, Bezos makes around $2.2 million.

You might also be interested in Hardwell’s Net Worth: Career & Charity

Jeff Bezos’s Net Worth in Different Currencies

Let’s look at Jeff Bezos’s Net Worth in several currencies, including BitCoin, the cryptocurrency.

Currency Net Worth
Euro 180,776,295,000
Pound Sterling £ 155,910,675,000
Australian Dollar A$ 290,864,493,000
Canadian Dollar C$ 271,999,935,000
Indian Rupee 15,942,091,500,000
BitCoin ฿ 7,165,633

Jeff Bezos’s: House, Cars, Watches, Yacht

House

From the home state of Washington to New York City, Jeff Bezos has acquired a large real-estate portfolio.

According to the sources, Bezos is the country’s 28th largest landowner.

According to Jonathan Miller, the Amazon CEO spent around $80 million buying three neighboring New York City apartments in June 2019, making it the most expensive real estate transaction ever south of 42nd Street in New York.

He bought the Warner Estate in Beverly Hills last year. In detail, Bezos paid $165 million for the nine-acre property from billionaire David Geffen. It’s the most expensive home in the Los Angeles area ever sold.

New York City apartments

The former Amazon CEO reportedly spent $80 million on three adjacent New York City apartments in June 2019, two months after the pair announced their divorce.

Jeff Bezos's apartment in New York worth $80 million.
Jeff Bezos’s apartment in New York, worth $80 million.

A three-story penthouse and two units right below it was part of the layout.

According to the sources, it was the most expensive real-estate transaction south of 42nd Street in New York.

Home in Medina, Washington

Bezos owns 5.3 acres in Medina and has two residences there.

He spent $10 million on the home in 1998, according to the sources. The first is a 20,600-square-foot, four-bathroom home, five-bedroom, while the second is an 8,300-square-foot, four-bathroom, five-bedroom property that reportedly cost $53 million.

Spanish-style mansion

Bezos paid $24.45 million for this Spanish-style house in 2007.

Dream Homes Magazine describes the seven-bedroom, seven-bathroom Beverly Hills mansion featuring a greenhouse, a subterranean and lit tennis court, four fountains, a large swimming pool, and a six-car garage.

The smaller house next door

The first Beverly Hills home, it appears, did not meet Bezos’ space requirements.

In 2017, he paid $12.9 million for a fairly modest four-bedroom, 4,568-square-foot home immediately next door to his original home.

Home in Los Angeles

Bezos paid $165 million for the nine-acre property, making it the most expensive mansion ever sold in Los Angeles.

Jeff Bezos's house located in Los Angeles.
Jeff Bezos’s house, located in Los Angeles.

The reports on February 12 say that Bezos Expeditions, which controls Bezos’ venture capital investments, has purchased an undeveloped block of land near Los Angeles for $90 million. It’s thought to be a good investment.

Cars

We all know Jeff Bezos as the world’s richest man, but he is also a down-to-earth man known for his frugal lifestyle.

Mr. Bezos, on the other hand, possesses some of the most expensive possessions imaginable.

Jeff Bezos, the founder of Amazon and the world’s wealthiest man, has a collection of incredible and expensive automobiles.

The Amazon CEO’s automotive collection includes vehicles such as the Honda Accord, Ferrari Pininfarina Sergio, Bugatti Veyron Mansory, Lamborghini Veneno, etc.

Car Collection Worth
Koenigsegg CCXR Trevita $4.8 million
Bugatti Veyron Mansory $3.4 Million
Lamborghini Veneno Roadster $5 million
Ferrari Pininfarina Sergio $3 million
Lykan HyperSport $3.4 million

Koenigsegg CCXR Trevita

The CCXR Trevita is a Koenigsegg CCXR limited edition with a diamond weave carbon fiber finish. The Jeff Bezos collection’s quickest automobile is the Trevita. Only two Trevitas exist in the world, making it one of Koenigsegg’s most exclusive vehicles.

The CCXR Trevita from Koenigsegg costs $4.8 million. Even though it is the most expensive car globally, it is not the most costly car in Jeff Bezos’s collection.

Jeff Bezos's car.
Jeff Bezos’s car.

The engine is a 4.8 L Twin supercharged DOHC 4-valve V8 with twin superchargers. The engine produces 1018 PS of maximum power at 7000 pm and 1080 Nm of maximum torque at 5600 rpm.

This Koenigsegg Trevita can accelerate from 0 to 100 km/h in only 2.9 seconds.

Bugatti Veyron Mansory

This car not only provides a thrilling driving experience but also gives a luxury sensation. MANSORY understands how to combine luxury and design with an exceptional limited-edition car successfully.

The Bugatti Veyron Mansory is one of the most expensive rides globally, costing $3.4 million.

The 8.0-liter W16 engine has been upgraded to produce 1,110 horsepower (827 kilowatts), up from 1,001 hp (746 kW) in the basic form.

Lamborghini Veneno Roadster

The Lamborghini Veneno Roadster is the most expensive automobile on the list and in Jeff Bezos’ collection. The Lamborghini is a $5 million supercar.

Jeff Bezos's Lamborgini.
Jeff Bezos’s Lamborghini.

The car is monocoque (integral with the body). The exteriors are also made of carbon fiber. The engine in the Veneno Roadster is a 6.5L V12, 60° MPI (Multi-Point Injection) engine.

Maximum power of 750 CV (552 kW) at 8.400 rpm and maximum torque of 690 Nm (507 lb.-ft.) at 5.500 rpm are possible.

Ferrari Pininfarina Sergio

Ferrari and Pininfarina designed the Sergio idea. Produced six production units of the radical supercar, each with a $3 million retail price.

Each of the six Ferrari Sergios was personalized by the owners in a Maranello facility. They may choose from a wide range of colors, materials, and finishes to fit their personal tastes.

The result is unmistakably a vehicle that is swift, excellent, and unique.

Lykan HyperSport

The Lykan HyperSport was W Motors’ first hypercar. When the company was featured in Universal Studios’ Furious 7, it shot to worldwide stardom.

It was featured as the film’s hero vehicle and is the most expensive vehicle in the Fast and Furious franchise at any time.
It is maybe the most exclusive car on the planet, with only 7 units available.

Not content with that, the Lykan also has the world’s first holographic mid-air show with sophisticated motion control. The LED headlamps are also lined with 440 gems.

The car is powered by a 3756 cc Flat 6 engine with a Twin Turbocharger. The Lykan Hypersport is a $3.4 million investment.

Watches

Jeff Bezos’ go-to watch is the Ulysse Nardin Dual Time, which is quite inexpensive.

Jeff Bezos's Ulysse Nardin Dual Time
Jeff Bezos’s Ulysse Nardin Dual Time

Throughout the year, the Amazon founder is rarely seen without his “Wall Street bro” vest. When it comes to timepieces, he likewise appears to be very faithful.

The Ulysse Nardin Dual Time watch we saw him repeatedly wear throughout the year is worth $12,900.

Yacht

According to sources, the world’s richest man is said to be buying a 417-foot super-yacht worth an estimated $500 million, complete with its own “support vessel” and helipad.

What’s the best part? The mini-yacht isn’t included in the $500 million price tag.

Although America has an estimated 553,742 homeless people and at least 10.1 million unemployed people, let’s spend money on a mega-yacht instead.

Jeff Bezos: Lifestyle and Vacation

Lifestyle

Jeff Bezos tends to live his life as simply as possible, as mentioned before. Moreover, his daily routine isn’t as luxurious as we expect a billionaire to have.

Every morning, he wakes up by himself and doesn’t really need to get the help of an alarm.

Jeff never plans early morning meetings to ensure he can spend quality time with MacKenzie and their four children. Bezos is well-known for his dislike of meetings in general.

When he does organize a meeting, Bezos follows the “two-pizza rule”: he never hosts large gatherings with a lot of people; two pizzas should always be enough to feed the entire group.

He’s set a “frugal” tone at Amazon, which doesn’t offer its staff incentives like massages or free lunch. Bezos enjoys experimenting with new foods.

Jeff Bezoz recommending his favorite books to read.
Jeff Bezos recommending his favorite books to read.

In 2014, he told Henry Blodget, editor-in-chief of Business Insider, about a tremendously popular catering car stationed outside Amazon’s Seattle offices and served workers. Bezos has one after-dinner ritual that he consistently follows: he does the dishes.

Bezos has another space-related passion besides watching Star Trek: drifting about in a submarine seeking old rockets from Nasa space launches.

He frequently brings his children along for the ride. When it’s time for bed, Bezos is quite disciplined and makes sure he gets plenty of rest. Every night, he sleeps for at least eight hours.

Vacation

While most of us are spending the holidays with our families, Jeff Bezos, the founder and CEO of Amazon accompanied his family to St. Bar.

He was caught going around the French Caribbean island with his girlfriend, “alive girl” Lauren Sanchez, and Sanchez’s kid, Nikko Gonzalez.

They were also seen boarding fellow billionaire David Geffen’s yacht, where model Karlie Kloss and her husband, Josh Kushner, were also seen.

Jeff Bezoz on vacation.
Jeff Bezos, on vacation.

The last time Bezos and Sanchez went on a beach vacation, it made headlines — but not for the reasons you might assume.

According to reports, when he put on a pair of $260 octopus-print Vilebrequin swim shorts in Saint-Tropez this summertime, the brand’s page visits increased by 105 percent in three months.

According to the fashion search engine Lyst, that item was searched over 4,000 times.

Charity

According to Business Insider, Bezos is the only one of the world’s top five billionaires who has not signed the Giving Pledge, a program started by Bill Gates and Warren Buffett.

He asked for charity ideas on Twitter on June 15, 2017, saying, “I’m thinking about a philanthropy strategy that is the polar opposite of how I generally spend my time—working on the long term.”

Bezos’ lifetime charity giving was believed to be worth $100 million at the time of the article.

In September 2018, Bezos stated that he would donate $2 billion to a fund to combat American homelessness and construct a network of non-profit preschools for low-income families.

Bezos gave $100 million to Feeding America in April 2020, during the early stages of the COVID-19 pandemic.

Amazon, Investments, Book Publications

Amazon

He was offered jobs at Intel, Bell Labs, and Andersen Consulting, among other places, in 1986. Jeff resigned from his position at D.E. Shaw in late 1993 and decided to open an online bookstore.

On July 5, 1994, he established Cadabra, which eventually became Amazon, from his garage. His parents made a $300,000 investment in Amazon.

Bezos expanded Amazon, which began as an online bookseller, to other commodities by the end of 1998. In 2002, Amazon was in financial trouble, but in 2003, he recovered and made a $400 million profit.

In May 2016, Bezos sold more than a million shares of his Amazon stock for $671 million, the most money he’d ever made from stock sales.

Jeff Bezos, CEO of Amazon.
Jeff Bezos, CEO of Amazon.

Moreover, in August of the same year, he sold another million shares for $756.7 million. Jeff briefly became the world’s wealthiest person in July 2017.

In November of the same year, his net worth topped $100 billion. He was highlighted in an Amazon Tv Ad on January 29, 2018. With quarterly earnings of $2 billion, the firm recorded its highest-ever profit on February 1, 2018.

Forbes named Jeff the world’s richest person on March 6, 2018, with a net worth of $112 billion.

He resigned as CEO on July 5, 2021, to devote his time and focus to other interests.

Investments

Bezos also became an early investor in Google in 1998. While he hadn’t specified how much of the shares he held when it went public in 2004, his $250,000 investment is now worth billions.

The Washington Post was purchased for $250 million by the business billionaire in August 2013.

Since then, its readership and traffic have increased, and in October 2015, it surpassed The New York Times in terms of unique web visitors in the United States.

Amazon’s stock price reflects the company’s incredible expansion. From January 2016 to January 2021, the stock climbed by more than 450 percent and more than 75 percent from January 2020 to January 2021.

Bezos owns around 11% of Amazon, making it his main source of wealth.

Book Publications

It’s no secret that Jeff has a strong desire to read. After all, the company that made him a multibillionaire started as an online bookstore.

As a result, I’m going to recommend a few novels that Jeff Bezos has recommended.

Career

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

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.

Jeff Bezos in 2010 at the ENCORE awards.
Jeff Bezos in 2010 at the ENCORE awards.

Amazon has eventually 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 dethroned Bill Gates as the world’s richest man.

His net wealth had risen to $150 billion at the time. However, this was before 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 is the most expensive divorce ever known in history.

Space Race

Of course, Bezos isn’t the first billionaire to take such a trip. On July 1, Sir Richard Branson, the billionaire and founder of Virgin Galactic, the firm that built the space capsule, was launched into space aboard the VSS Unity spaceship.

(Technically, there is some debate over whether Branson actually went into space.) The Kármán line, 100 kilometers or 62 miles above sea level, is the recognized international space boundary.

However, in America, the demarcation altitude is set at 80 kilometers or around 50 miles. Branson traveled 85 kilometers or 53 miles.

3 Interesting Things About Jeff Bezos

  • Bezos graduated from Princeton University with a degree in Electrical Engineering and Computer Science. Fitel, a fintech start-up, was his first employment. He was elevated to Customer Service Director.
  • Bezos had the idea for an online bookstore on a cross-country drive from New York City to Seattle. He left his work at DE Shaw, a global investment management organization, to launch his own company. In Seattle, he began working out of his garage.
  • Even after giving away a quarter of his total wealth to wife MacKenzie Scott after their marriage dissolved in 2019, Bezos kept the title of world’s richest person. Scott was compensated with $36 billion, making her the world’s wealthiest woman.

FAQS

Is Jeff Bezos the World’s Wealthiest Man?

When Jeff’s peak net worth of $170 billion is compared to our ranking of the richest people in history after inflation, he isn’t even in the top ten. Using the $170 billion figure, that would be the 11th most valuable wealth ever amassed by a single person (counting inflation). Inflation-adjusted oil tycoon John D. Rockefeller was worth $340 billion at the time of his death.

Is Jeff Bezos on the verge of becoming a trillionaire?

It’s all possible! However, if he’s relying solely on his Amazon shares to achieve trillionaire status, that appears to be a highly ambitious ambition. To put it another way, if Jeff wanted to become a trillionaire solely based on his Amazon stock, the company’s market valuation would have to exceed $8.3 trillion.

How did Jeff Bezos come up with the idea for Amazon?

In 1994, Jeff Bezos left his position as an investment banker to create a virtual bookstore in Seattle, Washington. Bezos began constructing the software for the site, which he called Amazon.com, in his garage with a few staff. Its first book was published in 1995.

0 Shares:
Leave a Reply

Your email address will not be published.

You May Also Like