Jeff Bezos Net Worth 2023: He is the richest businessman with a net worth of $107 Billion. This blog about his net worth, biography, age, height, family, wife, and career earning.
|Net Worth:||$107 Billion|
|Date of Birth:||Jan 12, 1964 (58 years old)|
|Place of Birth:||Albuquerque|
|Nationality:||United States of America|
Jeff Bezos Net Worth
Jeff Bezos is an American philanthropist, businessman, and space explorer. He is probably best known for being the founder of the online retailer Amazon.com. Jeff Bezos is the founder of Amazon.com as well as the CEO, President, and Chairman of the Board of Directors of the company. In July of 2017, he became the first person to have more wealth than Bill Gates. From October 2017 all the way through January 2021, he held the title of wealthiest person on the planet without a break.
As of the time when this article was written, Jeff Bezos has a net worth of $107 billion.
According to the most recent SEC filing that was submitted by the company, Jeff’s ownership of Amazon shares amounts to approximately 12% of the total number of shares that are currently outstanding. At the height of his success, he owned 80 million shares of Amazon. Jeff Bezos gave his ex-wife 19.7 million shares of Amazon stock as part of the divorce settlement he reached with MacKenzie Bezos in April 2019. At the time that the transfer took place, the value of the shares was $36 billion. As a result of the settlement, Jeff’s net worth was temporarily cut in half, from $150 billion to 114 billion. Additionally, Jeff invested in Google.com prior to the company’s initial public offering (IPO), and he currently holds at least one billion dollars’ worth of shares in the company that is now known as Alphabet Inc.
Throughout the majority of the decade of the 2000s, Jeff was not even among the top 10 or top 20 wealthiest people on the planet. Amazon stock began to sky rocket in late 2014. In July of 2015, Jeff had a net worth of fifty billion dollars. In a little under two years, both his personal wealth and the value of the stock more than doubled. On July 27, 2017, Bezos surpassed Bill Gates to become the richest person in the world, surpassing Gates’ previous record. In September of 2018, Amazon’s market cap surpassed $1 trillion for the first time. This was before he got divorced, so at the time he still had ownership of 80 million shares. Jeff’s net worth had reached an all-time high at that valuation, topping $170 billion at the time.
Jeff Bezos KEY FACTS
- 1994 was the year that he made the decision to leave his job in finance and start an online bookstore.
- Wrote the Amazon business plan while driving across the country in the automobile.
- When Amazon went public in 1998, the company’s net worth had already surpassed $12 billion.
- The bursting of the dotcom bubble caused a drop in net worth to $2 billion.
- The year 2015 marked the first time that net worth exceeded $50 billion.
- The year 2018 marked the first time that net worth exceeded $100 billion.
- As a result of a pre-IPO investment, the person owns $1 billion worth of Google.
- On the day that he and his wife MacKenzie announced that they were divorcing, he had a net worth of $136 billion.
- As a result of receiving 20 million shares of Amazon, MacKenzie is now the richest woman in the world.
- If they had never separated, Jeff’s net worth would easily have surpassed $250 billion.
- The Washington Post is under his ownership.
- Beverly Hills real estate holdings valued at $300 million
- possesses Washington real estate valued at $60 million dollars
- Has disposed of at least $70 billion worth of Amazon shares to this day.
- Blue Origin, a space company, uses the revenue of these sales to fund their operations.
- The month of July 2021 will see a net worth of 211 billion dollars.
Was Jeff Bezos at One Time the Wealthiest Person in the World?
When Jeff’s peak net worth of $200 billion is compared to our list of the richest people in the history of the world, after adjusting for inflation, Jeff does not even make the top 10 on our list. Using the figure of $200 billion, that would be the eleventh largest fortune that has ever been accumulated by a single human being (counting inflation). When the oil tycoon John D. Rockefeller passed away, he was estimated to have had a net worth of approximately $340 billion after adjusting for inflation.
How Close Is Jeff Bezos to Becoming a Billionaire?
Absolutely anything could happen! If he plans to become a trillionaire by relying solely on the value of his Amazon shares, achieving this objective may prove to be extremely difficult. Jeff is the owner of 12% of Amazon’s shares, which means that he is effectively worth $120 billion (on paper) for every $1 trillion that Amazon’s market cap reaches. For Jeff to become a billionaire solely as a result of the shares he owns in Amazon, the market capitalization of the company would need to exceed $8.3 trillion.
Early Years for Jeff Bezos
Jeff Bezos was born on January 12, 1964 in Albuquerque, New Mexico. He is the founder and CEO of Amazon. When his mother gave birth to Jeff, he was just a year old, and she was only 17 years old at the time. His father operated a bicycle repair shop. After a while, Jeff’s mother ended up divorcing Jeff’s biological father. She tied the knot with Miguel Bezos, a Cuban immigrant, when her son was only four years old. Soon after the wedding, Miguel became Jeff’s adoptive father, and soon after that, Jeff’s last name was officially changed from Jorgenson to Bezos. After Mike secured a position as an engineer with Exxon, the family uprooted and moved to Houston. Additionally, they were closer to his mother’s parents, who had a cattle ranch to the south of San Antonio. His paternal great-grandmother, Mattie Louise Gise, was a first cousin once removed of country music legend George Strait.
As Bezos was growing up in Texas, he would conduct his scientific experiments in the garage that belonged to his parents. He would also spend the summers helping out at the ranch that belonged to his grandparents. Later on, Jeff would assert that his time spent working at the ranch is where he developed his work ethic. In later years, he would also buy the ranch and increase the size of it from 25,000 to 300,000 acres.
Around the time that Jeff was beginning his senior year of high school, the family relocated to Miami. Jeff worked at McDonald’s during his senior year of high school in the position of short order cook. He graduated high school as both the class valedictorian and a National Merit Scholar. During his speech as valedictorian, he shared with the audience his hope that one day, people from Earth will colonize other planets in the universe.
He went to Princeton University with the intention of majoring in physics; however, his passion for computers led him to switch his concentration. In the end, he achieved a grade point average of 4.2 and was inducted into Phi Beta Kappa. He is a computer scientist and an electrical engineer with a Bachelor of Science degree.
Following his graduation from college, Jeff began working for Fitel, a company that specializes in the development of financial technology. After that, he moved into the financial sector and got a job in product management at a company called Bankers Trust. In 1990, he was hired by D. E. Shaw & Co., a hedge fund that had recently been established on the premise that mathematical modeling could accurately predict large market gains, to work as a financial analyst for the company.
Jeff remained employed at D.E. Shaw until 1994, by which time he had attained the position of fourth senior vice president at the company. He was 30 years old at the time.
Amazon, the company owned by Jeff Bezos
A year earlier, when the world wide web was just beginning to emerge, Jeff became captivated by it. He was looking to sell something on the internet, and he decided to sell books instead. While Bezos was driving across the country from New York to Seattle, he came up with the idea for Amazon’s business plan. In 1994, he formally established the company, initially operating out of the garage that he owned at the time.
Additional Successes Achieved by Jeff Bezos
In 1999, Jeff Bezos was selected as the Person of the Year by Time magazine. In 2008, Carnegie Mellon University bestowed upon him an honorary doctorate in Science and Technology. Bezos started the human spaceflight startup company Blue Origin in the year 2000, in part due to the fact that he has always been interested in going into space. Blue Origin has expressed early interest in the concept of developing space hotels, amusement parks, colonies, and small cities with the capacity to hold 2 million or 3 million people in orbit around the earth. Following the acquisition of a sizeable tract of land in west Texas for use as a launch and test facility in 2006, the existence of the company, which had been kept a secret for several years prior to that year, became widely known. Richard Branson, the multibillionaire founder of Virgin Group, and Jeff Bezos had a conversation about opportunities and strategies for commercial spaceflight in 2013. Bezos made the purchase of The Washington Post during the same year.
Real Estate Holdings and Other Assets Owned by Jeff Bezos
Jeff and MacKenzie paid $24.5 million for a mansion in Beverly Hills, California, that sits on two prime acres, in the year 2007. They purchased the property next door for the price of $12.9 million in 2018. As part of the divorce settlement in 2019, MacKenzie was awarded this now-combined property consisting of two homes. MacKenzie made the announcement that she had given the properties to a charitable organization known as the California Community Foundation in the month of August 2022. The total value of the combined compound was estimated to be $55 million at the time of the donation.
It was revealed on the 12th of February, 2020 that Jeff had paid a total of $255 million for two properties in the Beverly Hills area. The Jack L. Warner estate was the first property, and it set the buyer back $165 million. The estate is situated on 10 verdant acres in the middle of Beverly Hills and includes a main house that is 13,600 square feet in size. David Geffen, a successful businessman in the entertainment industry, sold the home after purchasing it in 1990 for $47.5 million.
The second piece of real estate that was rumored to have been acquired by Bezos in February of 2020 was a vacant hilltop property known as Enchanted Hill that was 120 acres in size. The seller was the estate of Paul Allen, the late founder of Microsoft. Allen paid $20 million for the land in 1997 when he bought it. The majority of the land on the property is overgrown with weeds, but it does have a 1.5-mile driveway and a landscaped bluff at the highest point. The purchase did not go through exactly one month after it was made public that it would. Therefore, Jeff’s total real estate purchase in February 2020 was the estate of Jack L. Warner, which cost $165 million.
Jeff Bezos’s other real estate holdings include:
- Mansion in Washington, District of Columbia, purchased in 2018 for the price of $23 million. An old museum that has been converted into two separate buildings totaling 27,000 square feet of living space.
- 300,000 acres in Texas, including a number of different ranches.
- 100,000 additional acres spread across the country in a variety of locations
- Three apartments in the building located at 25 Central Park West in Manhattan
- Real estate in Medina, Washington, comprising 5 acres, purchased for $10 million in 1999
- Next door to his property in Medina is a $50 million mansion that he purchased in 2005.
Details And A Brief Overview Of Jeff Bezos’s Net Worth And Histories
Bezos has sold at least $70 billion worth of his shares in the twenty years since Amazon went public. In accordance with the predetermined plan for stock sales, he disposes of approximately one billion dollars’ worth of shares on an annual basis.
On the day that Amazon went public, the company had a market cap of $300 million. At that time, Jeff held a 40% stake in the business, which translated to a net worth of 120 million dollars (on paper, pre-tax). Within a year, he had amassed a worth of one billion dollars. Jeff’s net worth surpassed $10 billion during the height of the dot-com bubble. In October of 2001, following the bursting of the bubble, the price of an individual share of Amazon stock fell to an all-time low of $5. After that, Jeff’s wealth dropped to between one and two billion dollars.
If you had the foresight to invest $10,000 in Amazon shares in October of 2001, you would have a net worth of more than $15 million today, and that’s before taking into account any dividends.
Achievements in Terms of Jeff Bezos’s Net Worth
- May 1997: On the date of the company’s initial public offering, the amount was 120 million dollars.
- In June of 1998, the company reached its first milestone of $1 billion.
- June 1999 – $10 billion
- $50 billion as of July of 2015
- January 2018, $100 billion in total assets
- July 2018: 150 billion dollars
- September 2018 – $170 billion
In January of 2019, Jeff made public his intention to end his 25-year marriage to MacKenzie by filing for divorce. There is no denying that the resolution to this divorce will have a significant effect on Jeff’s current net worth of 150 billion dollars.
April 4, 2019 – Jeff and MacKenzie made the announcement that they had come to an amicable agreement regarding the resolution of their divorce, in which she will be given $36 billion worth of Amazon stock. Jeff will maintain voting control over MacKenzie’s shares while retaining 75% of his original stake in the company. Both The Washington Post and Jeff’s space company, Blue Origin, will remain completely out of her ownership sphere. It is not clear how the couple came to the decision to divide their many residences and jets. As soon as the announcement was made, Jeff’s total wealth increased to 114 billion dollars.
- On March 9, 2020, $111 billion will be spent.
- On the first of July in 2020, $172 billion
- $190 billion as of the 9th of July, 2020
- August 26, 2020 – $202 billion
- December 2022 – $117 billion
- January 2023: 107 billion dollars
If you’re keeping score at home, it took Jeff just three years after his company was founded in 1995 to become a billionaire. It took him twenty years to earn fifty billion dollars, but it took him only two and a half years to earn another fifty billion dollars, bringing his total wealth to one hundred billion dollars. And then it only took 7 months to make his third $50 billion, for a total of $150 billion. After that, with the stroke of a pen, he wiped out $36 billion worth of value in an instant.
The Growth of Jeff Bezos’s Net Worth Over Time
- June 1997: $150 million
- June 1998: $1 billion
- June 1999: $10 billion
- $6 billion as of March 2000
- 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 dollars
- December 2017: $73 billion
- July 2018: $150 billion
- September 2018: $170 billion
- April 2019: $114 billion
- 190 billion dollars, as of July 2020
- July of 2021: 213 billion dollars
- November 2022: $117 billion