Jeff Bezos net worth is about $184 billion making him the second-wealthiest individual on earth. This is according to the 2022 Forbes list of the world’s real-time billionaires.
About 90% of Jeff Bezos wealth comes from his 10% stake in Amazon which is valued at about $176 billion.
Jeff Bezos is best known for being the founder of Amazon. Today, Amazon which started as an online book store is one of the world’s most valuable companies being worth more than $1 trillion. It is also the world’s most valuable brand.
The billionaire also owns the Washington Post which was acquired by Amazon in 2013.
Jeff Bezos became the world’s richest person in March 2018 when he unseated Bill Gates who had a net worth of $90 billion at that time.
Bezos was however overtaken by Elon Musk towards the end of 2021. Elon Musk currently tops the list of the richest people in the world with a net worth of $269 billion.
Jeff Bezos first became a millionaire in 1997 after Amazon went public and raised $54 million during its initial public offering.
By 1999, Jeff Bezos net worth was about $10 billion making him a billionaire. He appeared on the Forbes list of the World’s Billionaires for the first time.
Jeff Bezos net worth is equivalent to 0.86% of the GDP of the United States.
The table below shows how the billionaire’s wealth has increased over the years.
|Year||Net worth ($)|
How does Jeff Bezos spend his billions
Jeff Bezos owns a Gulf Stream G650ER private jet which cost him a whopping $65 million.
The billionaire has a massive real estate portfolio. In 2019, Bezos bought 3 apartments neighboring each other in New York City for a total cost of $80 million. This became one of the most expensive purchases within the city that year.
He also owns a mansion in Washington D.C which he purchased at $23 million. In 2020, Bezos bought the Jack Warner Estate from David Geffen for $165 million. The estate is a 9.4-acre property in Beverly Hills, California.
Bezos owns 300,000 acres of land in West Texas and some other 120,000 acres in other parts of the U.S. He’s the 25th biggest landowner in the United States.
He has a collection of sports cars which includes a Ferrari Pine and Farina Sergio worth $3 million, a Bugatti Veyron Mansory worth $3 million, and a W motors Lykan Hypersport worth $3.4 million.
The billionaire is also a philanthropist. In April 2020 he donated $100 million to Feed America, a nonprofit organization that runs food banks across the United States.
In November 2021, Bezos pledged to give $2 billion to help in nature conservation and restructuring of food systems.
So how did Jeff Bezos start, and how did he become the world’s second-wealthiest individual?
Jeff Bezos Early life.
The billionaire was born in New Mexico, the U.S on January 12, 1964. He’s currently 58 years old. At the time of his birth, his mother was 17 years and his father was 19 years old.
Bezos attended Princeton University and graduated with a Bachelor of Science in Engineering degree (B.S.E) in electrical engineering and computer science.
After graduation, Bezos worked for several companies including Bell Labs, Intel, and D.E Shaw until 1993.
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In 1993 Jeff Bezos quit his job at D.E Shaw and decided to pursue an internet startup, an online book store.
In 1994, at the age of 30, Bezos founded Amazon from his garage with the help of his parents who gave him $300, 000.
When he launched the company, Bezos did not think that it would succeed. As a matter of fact, he warned many people who wanted to invest in the company that there was a high chance that Amazon would fail or go into bankruptcy.
Amazon went public in 1997 and was able to raise money that helped in the acquisition of smaller competitors.
By 1998 the company had expanded and began to sell music, video as well as a variety of consumer goods.
In 2002, the company almost went bankrupt and the billionaire was forced to lay off more than 10% of the employees as well as close the distribution centers. In the same year, Jeff Bezos founded Amazon Web Services.
Amazon made a profit of $400 million in 2003 helping the company get back on the road to prosperity.
In 2007, Jeff introduced Amazon Kindle, a device that helps users to browse, buy, download and read magazines, newspapers, and e-books.
By 2013 Amazon had become the biggest online shopping platform. Amazon Web Services also signed a $600 million contract with the Central Intelligence Agency (CIA).
In 2016, Jeff Bezos sold 2 million of his shares in Amazon for about $1.427 billion. He used this money to bring on 130,000 new employees at Amazon distribution centers as well as fund Blue Origin, his space exploration company.
In February 2018, Amazon had about $2 billion in quarterly revenue, the highest that the company had ever reported. At this time Jeff Bezos’s shares in Amazon were worth more than $100 billion.
By March 2018, Jeff Bezos net worth was about $112 billion overtaking Bill Gates and making him the world’s richest individual.
In 2020, during the Coronavirus pandemic, the company’s revenues grew by 38% to $386 billion. It is estimated that during this period, Jeff Bezos wealth increased by about $24 billion.
Last year Jeff Bezos stepped down as the CEO of the technology giant company and was replaced by Andy Jassy. Bezos is now the Executive Chairman of the Amazon Board.
In 2000, Jeff Bezos founded Blue Origin to build rockets that would enable humans to explore other planets.
Bezos has been selling his stock at Amazon to finance Blue Origin.
Also Read: Elon Musk Net Worth
Although most of Jeff Bezos wealth can be attributed to Amazon, the billionaire has several other major investments.
In 1998 the billionaire invested $250,000 in Google which was equivalent to 3.3 million shares. Today these shares are worth more than $4 billion.
In 2011 Jeff Bezos also invested $37 million in Uber.
In 2013 Bezos bought the Washington Post for $250 million
Over the years, Amazon has acquired many companies including IMDb for $55 million as well as the whole foods market for $13.7 billion.
While working at D.E Shaw in 1992, Jeff Bezos met MacKenzie Tuttle who also worked at the company. The 2 later got married in 1994 and had 4 children.
However, the couple separated and divorced at the beginning of 2019. Jeff Bezos transferred some of his stake (worth an estimated $35.6 billion) at Amazon to MacKenzie.
Today MacKenzie has a net worth of about $62.2 billion largely due to her 4% stake in Amazon Inc. She’s currently the 26th wealthiest individual in the world and the third-richest woman in the United States.
Jeff Bezos is currently dating Lauren Sanchez, an American media personality.
Finally, here are some quotes from Jeff Bezos that could inspire you to be successful like him
- “In the end, we are our choices. Build yourself a great story.”
- “Friends congratulate me after a quarterly-earnings announcement and say, ‘Good job, great quarter.'” “And I’ll say, ‘Thank you, but that quarter was baked three years ago.'”
- “We take risks all the time, we talk about failure. We need big failures in order to move the needle. If we don’t, we’re not swinging enough. You really should be swinging hard, and you will fail, but that’s okay.”
- “If you’re not stubborn, you’ll give up on experiments too soon.”
- “If you never want to be criticized, for goodness’ sake don’t do anything new.”
- “When you think about the things that you will regret when you’re 80, they’re almost always the things that you did not do. They’re acts of omission. Very rarely are you going to regret something that you did that failed and didn’t work or whatever.”
- “Where you are going to spend your time and your energy is one of the most important decisions you get to make in life.”
- “Most decisions should probably be made with somewhere around 70% of the information you wish you had. If you wait for 90%, in most cases, you’re probably being slow.”
- “If you decide that you’re going to do only the things you know are going to work, you’re going to leave a lot of opportunity on the table.”
- “Failure and invention are inseparable twins. To invent you have to experiment, and if you know in advance that it’s going to work, it’s not an experiment.”
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