Jeff Bezos Net Worth 2023: He is a businessman and has a net worth is $107 Billion dollars. Find more about Jeff Bezos net worth, wife, biography, age, height, family, and career.
| Net Worth: | $107 Billion |
| Date of Birth: | Jan 12, 1964 (58 years old) |
| Place of Birth: | Albuquerque |
| Gender: | Male |
| Profession: | Entrepreneur, Businessperson |
| Nationality: | United States of America |
What is Jeff Bezos’s net worth?
Jeff Bezos is an American businessman, philanthropist, and space explorer. He is probably best known for starting the online store Amazon.com. Jeff Bezos started Amazon.com and is the company’s CEO, president, and chairman of the board. In July 2017, he was worth more than Bill Gates for the first time. Between October 2017 and January 2021, he was always the richest person in the world.
Jeff Bezos has a net worth of $107 billion as of this writing.
According to the company’s most recent SEC filing, Jeff owns 55 million Amazon shares, which is about 12% of all the shares that are currently in circulation. At his highest point, he owned 80 million Amazon shares. Jeff gave 19.7 million shares to MacKenzie Bezos as part of their divorce settlement in April 2019. At the time of the change, the shares were worth $36 billion. Jeff’s net worth dropped from $150 billion to $114 billion because of the settlement. Jeff also put money into Google.com before it went public. He owns at least $1 billion worth of shares in what is now called Alphabet Inc.
Jeff wasn’t even in the top 10 or 20 richest people on the planet for most of the 2000s. Late in 2014, Amazon stock started to go through the roof. Jeff had a net worth of $50 billion in July 2015. Both his net worth and the value of the stock had doubled in less than two years. Bill Gates was the richest person in the planet until July 27, 2017, when Bezos passed him. Amazon’s market cap went over $1 trillion in September 2018. Before he got divorced, he still had 80 million shares. At that point, Jeff’s net worth was more than $170 billion, which was an all-time high at the time.
Jeff Bezos KEY FACTS
- In 1994, he quit his job in finance to start an online bookstore.
- He wrote Amazon’s business plan while driving across the country.
- When Amazon went public in 1998, its net worth was over $12 billion.
- After the dotcom bubble burst, people’s net worth dropped to $2 billion.
- In 2015, net worth went over $50 billion for the first time.
- In 2018, net worth went over $100 billion for the first time.
- Because of a pre-IPO investment, he owns $1 billion worth of Google.
- Was worth $136 billion on the day he and his wife MacKenzie said they were splitting up.
- MacKenzie got 20 million shares of Amazon and is now the world’s richest woman.
- Jeff’s net worth would have been over $250 billion if they had never split up.
- The Washington Post is owned by.
- Beverly Hills property worth $300 million.
- Owns property in Washington worth $60 million
- Has sold Amazon shares worth at least $70 billion so far.
- Blue Origin sells $1 billion a year to make company.
- In July 2021, the net worth will reach $211 billion.
Jeff Bezos: Was he ever the richest person ever?
Jeff’s peak net worth was $200 billion. When we take inflation into account and look at our list of the richest people of all time, Jeff is not even in the top 10. Using the number $200 billion, that would be the 11th most fortune one person has ever made (counting inflation). When oil magnate John D. Rockefeller died, he was worth $340 billion when inflation was taken into account.
Jeff Bezos might be able to become a billionaire.
Anything can happen! But if he just wants to become a trillionaire through his Amazon shares, it seems like a very high goal. Jeff owns 12% of Amazon’s shares, which means that he is worth, on paper, $120 billion for every $1 trillion market cap. In other words, for Jeff to become a billionaire based only on his Amazon shares, the market value of the company would have to be more than $8.3 trillion.
The Early Life of Jeff Bezos
He was born in Albuquerque, New Mexico, on January 12, 1964. Jeff’s mother was in high school and 17 years old when she had him. His dad ran a bicycle shop. Jeff’s mother got a divorce from Jeff’s birth father in the end. She married a Cuban immigrant named Miguel Bezos when he was 4 years old. Soon after the wedding, Miguel legally changed Jeff’s last name from Jorgenson to Bezos. Mike got a job as an engineer at Exxon in Houston, where the family moved. They were also closer to his mother’s parents, who lived on a ranch south of San Antonio and were his mother’s parents. George Strait’s first cousin was his maternal grandmother, Mattie Louise Gise.
When Bezos was a kid growing up in Texas, he did his science projects in his parents’ garage. He also worked at his grandparents’ ranch during the summer. Jeff would say that he learned how to work hard at the ranch during the summers. Later, he bought the ranch and grew it from 25,000 acres to 300,000 acres.
When Jeff was about to start high school, the family moved to Miami. Jeff worked at McDonald’s as a short-order cook when he was in high school. He was the head of his class in high school and a National Merit Scholar. In his graduation speech, he talked about a dream he had that people from Earth would one day live in space.
He went to Princeton University to study physics, but his interest in computers made him change his plans. In the end, he got a Phi Beta Kappa with a 4.2 GPA from Summa Cum Laude. He got a Bachelor of Science in computer science and electrical engineering.
Jeff went to work for a company called Fitel right after he graduated from college. Then, he moved into the banking business when he got a job as a product manager at Bankers Trust. In 1990, he was hired as a financial analyst by D. E. Shaw & Co., a hedge fund that had just started up with the idea that mathematical modeling could predict big market gains.
Jeff worked at D.E. Shaw until 1994, when he became the fourth senior vice president of the company. He had turned 30.
Jeff Bezos runs the company Amazon.
A year ago, Jeff was really interested in the new World Wide Web. He decided to sell books online because he wanted to sell something online. Bezos came up with the idea for Amazon’s business plan as he drove from New York to Seattle. In 1994, he made the company official. At first, he ran the business out of his garage.
Other Things Jeff Bezos Has Done
In 2008, Carnegie Mellon University gave Bezos an honorary doctorate in Science and Technology. In 1999, Time magazine named Bezos the Person of the Year. Bezos started Blue Origin, a company for sending people into space, in 2000. This was partly because he was interested in space travel. Blue Origin has been interested since the beginning in building hotels, amusement parks, colonies, and small cities in space for 2 million or 3 million people. The company was kept a secret for a few years until 2006, when a large piece of land in west Texas was bought for a launch and test facility. In 2013, Bezos met with Richard Branson, the founder of Virgin Group and a multibillionaire, to talk about commercial spaceflight opportunities and strategies. That same year, he bought The Washington Post.
Jeff Bezos’s property and assets
Jeff and MacKenzie bought a mansion in Beverly Hills, California, for $24.5 million in 2007. It was on 2 prime acres and had a pool. They bought the house next door for $12.9 million in 2018. As part of their 2019 divorce settlement, MacKenzie got these two homes, which are now one big house. In August 2022, MacKenzie said that she had given the properties to the California Community Foundation, which is a charity. At the time of the donation, the worth value of the two properties was about $55 million.
On February 12, 2020, it came out that Jeff had bought two properties in Beverly Hills for $255 million. The Jack L. Warner estate, which was the first property, cost $165 million. The estate is on 10 beautiful acres in the middle of Beverly Hills. The main house is 13,600 square feet. David Geffen, a big name in the entertainment business, was the one who sold the property. He bought it for $47.5 million in 1990.
The second property that Bezos was said to have bought in February 2020 was Enchanted Hill, a 120-acre hilltop that was empty. The land was bought for $20 million in 1997 by the estate of late Microsoft founder Paul Allen. Even though the property is mostly full of weeds, it does have a 1.5-mile driveway and a well-kept bluff at the top. A month after the news of the purchase came out, the deal fell through. So the $165 million Jack L. Warner estate was Jeff’s last piece of real estate in February 2020.
Jeff Bezos has other properties as well:
- A $23 million house was bought in 2018 in Washington, D.C. Two buildings that add up to 27,000 square feet of living space used to be a museum.
- There are several ranches on the 300,000 acres in Texas.
- In different parts of the country, 100,000 more acres were added.
- 25 Central Park West in Manhattan has three apartments.
- In 1999, he bought a 5-acre property in Medina, Washington, for $10 million.
- He bought the $50 million mansion next door to his Medina home in 2005.
Details on Jeff Bezos’s net worth and his history
Since Amazon went public 20 years ago, Bezos has sold shares worth at least $70 billion. As part of a plan to sell shares, he sells about $1 billion worth of shares each year.
Amazon’s market cap was $300 million on the day it went public. Jeff had a net worth of $120 million at the time because he owned 40% of the company (on paper, pre-tax). Within a year, he was worth $1 billion. At the peak of the dotcom bubble, Jeff’s net worth was over $10 billion. After the bubble burst, Amazon’s stock price fell to $5 per share in October 2001, which was the lowest it had ever been. Jeff’s net worth dropped to between $1 and $2 billion at that point.
If you had been smart enough to take $10,000 in October 2001 and buy shares of Amazon, you would have more than $15 million today, even before dividends.
Milestones in Jeff Bezos’s Net Worth
- May 1997, when the company went public for the first time.
- June 1998: For the first time, $1 billion was made.
- June 1999 – $10 billion
- $50 billion in July 2015
- $100 billion in January 2018
- $150 billion in July 2018
- September 2018 – $170 billion
In January 2019, Jeff tells MacKenzie, his wife of 25 years, that he wants to end their marriage. Jeff’s $150 billion net worth will be very much affected by how this divorce turns out.
April 4, 2019 – Jeff and MacKenzie said that they had settled their divorce in a friendly way. She will get $36 billion worth of Amazon stock as her share of the settlement. Jeff will keep 75% of the stake he used to have, and he will be able to vote on MacKenzie’s shares. She won’t own any part of The Washington Post or Blue Origin, Jeff’s space company. It’s not clear why the couple chose to split up their different homes and jets. Jeff’s net worth went up by $114 billion as soon as the news came out.
- $111 billion on March 9, 2020
- $172 billion on July 1, 2020
- $190 billion on July 9, 2020
- August 26, 2020 – $202 billion
- December 2022 – $117 billion
- $107 billion in January 2023
If you’re keeping track, it only took Jeff three years after he started his business in 1995 to become a billionaire. It took him 20 years to make $50 billion, but only 2.5 years to make another $50 billion, for a total of $100 billion. Then, it only took him 7 months to make another $50 billion, bringing his total wealth to $150 billion. Then, with the stroke of a pen, he lost $36 billion in an instant.
Jeff Bezos Net Worth Over Time
- June 1997: $150 million
- June 1998: $1 billion
- June 1999: $10 billion
- March 2000: $billion
- 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
- $8.7 billion as of September 2007
- $8.2 billion as of September 2008
- September 2009: $6.8 billion
- September 2010: $12.6 billion
- September 2011: $18 billion
- December 2012: $23.2 billion
- $29 billion as of October 2013
- $30.5 billion in December 2014
- $50 billion as of July 2015
- $45 billion as of October 2016
- December 2017: $73 billion
- $150 billion as of July 2018
- September 2018: $170 billion
- April 2019: $114 billion
- $190 billion as of July 2020
- $213 billion in July of 2021
- November 2022: $117 billion