Jeff Bezos is an American entrepreneur, philanthropist, and space explorer best known for founding Amazon.com. Jeff Bezos is the founder, president, CEO, and chairman of the board of Amazon.com. In July 2017, the first outpaced Bill Gates in terms of wealth. From October 2017 to January 2021, he held the title of the wealthiest man in the world without a break.
Jeff owns 55 million shares of Amazon, or about 12 per cent of the total shares outstanding, according to the company’s most recent SEC filing. He had 80 million shares of Amazon at his highest point. Jeff Bezos transferred 19.7 million shares to MacKenzie Bezos as part of their divorce settlement in April 2019. The shares were worth $36 billion at the time of transfer. Jeff’s net worth was temporarily decreased by the settlement from $150 billion to $114 billion. Jeff has at least $1 billion worth of shares in what is now known as Alphabet Inc. and was a pioneering pre-IPO investor in Google.com.
Jeff was not even among the top 10 or top 20 richest people on the planet for the majority of the 2000s. Late in 2014, the price of Amazon stock started to soar. Jeff had a $50 billion net worth as of July 2015. His net worth (as well as the stock) had doubled in less than two years. On July 27, 2017, Bezos surpassed Bill Gates to become the world’s richest person. The market value of Amazon surpassed $1 trillion in September 2018. He still owned 80 million shares at the time because it was before his divorce. Jeff’s net worth exceeded the then-record high of $170 billion at that point.
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Early Life
Jeff Bezos was born In Albuquerque, New Mexico, on January 12, 1964. When Jeff was born, his mother was a high school student who was 17 years old. His father ran a bicycle store. After some time, Jeff’s mother and birth father got divorced. She wed Miguel Bezos, a Cuban immigrant when he was 4 years old. Soon after the wedding, Jeff’s last name was legally changed from Jorgenson to Bezos as Miguel adopted Jeff. Miguel was hired as an engineer by Exxon after the family relocated to Houston. Additionally, they were nearer to his mother’s parents’ cattle ranch south of San Antonio. George Strait, a country music star, was the first cousin of his maternal grandmother Mattie Louise Gise.
Bezos conducted his science experiments in his parents’ garage while still a child in Texas. Additionally, he would put in summers at his grandparents’ ranch. Later, Jeff asserts that his summers at the ranch were when he developed his work ethic. Later on, he bought the ranch and increase its size from 25,000 to 300,000 acres.
Education
When Jeff started high school, the family relocated to Miami. Jeff worked at McDonald’s as a short order cook while still in high school. He was a National Merit Scholar and the valedictorian of his high school. He spoke of his hope that one-day humans would colonize space in his valedictory speech.
He enrolled at Princeton University with the intention of studying physics, but his passion for computers led him to change his major. His final grade point average was 4.2 and he was a Phi Beta Kappa graduate. He received a Bachelor of Science in electrical engineering and computer science.
Jeff Bezos Age
Jeff Bezos was born on the 12th of January 1964. Jeff Bezos is currently 60 years old
Career
Jeff started working for Fitel, a company that specializes in financial technology, after graduating from college. When he was offered a position in product management at Bankers Trust, he eventually made the switch to the banking sector. He was employed in 1990 as a financial analyst by D. E. Shaw & Co., a hedge fund that had just begun operations with the belief that sophisticated mathematical modelling could forecast significant market gains.
In addition to being named Time magazine’s Person of the Year in 1999, Bezos received an honorary doctorate in science and technology from Carnegie Mellon University in 2008. Bezos started the human spaceflight startup company Blue Origin in 2000 in part as a result of his fascination with space travel. Blue Origin had an early interest in creating small cities with a population of 2 or 3 million people orbiting the Earth, as well as space hotels, theme parks and colonies. The business was kept under wraps for a few years before going public in 2006, following the acquisition of a sizable parcel of land in west Texas for a launch and test facility. In 2013, Bezos and Virgin Group founder and multibillionaire Richard Branson started talking about opportunities and strategies for commercial spaceflight.
Business
Jeff first became interested in the developing World Wide Web. He decided to sell books online because he wanted to sell something. Bezos wrote the business plan for Amazon while travelling from New York to Seattle. In 1994, he formally established the company, opening the first location in his garage.
Bezos has sold shares in Amazon worth at least $70 billion in over 20 years since the company went public. He engages in planned stock sales every year, selling shares for about $1 billion.
Amazon had a $300 million market cap on the day it went public. Jeff had a net worth of $120 million at the time and owned 40% of the business (on paper, pre-tax). He was worth $1 billion after a year. When the dot-com bubble was at its height, Jeff’s net worth was over $10 billion. Amazon’s stock price hit an all-time low of $5 per share in October 2001 after the bubble burst. Jeff’s net worth dropped to between $1 and 2 billion at that time.
Net Worth
Jeff Bezos’s net worth is $130 billion as of this writing.
Jeff owns 55 million shares of Amazon, or about 12 per cent of the total shares outstanding, according to the company’s most recent SEC filing. He had 80 million shares of Amazon at his highest point. Jeff Bezos transferred 19.7 million shares to MacKenzie Bezos as part of their divorce settlement in April 2019. The shares were worth $36 billion at the time of transfer. Jeff’s net worth was temporarily decreased by the settlement from $150 billion to $114 billion. Jeff has at least $1 billion worth of shares in what is now known as Alphabet Inc. and was a pioneering pre-IPO investor in Google.com.
Jeff was not even among the top 10 or top 20 richest people on the planet for the majority of the 2000s. Late in 2014, the price of Amazon stock started to soar. Jeff had a $50 billion net worth as of July 2015. His net worth (as well as the stock) had doubled in less than two years. On July 27, 2017, Bezos surpassed Bill Gates to become the world’s richest person. The market value of Amazon surpassed $1 trillion in September 2018. He still owned 80 million shares at the time because it was before his divorce. Jeff’s net worth exceeded the then-record high of $170 billion at that point.
Jeff Bezos is worth $139.2b according to Forbes.
Housing and Real Estate
On February 12, 2020, it came to light that Jeff had spent $255 million on two Beverly Hills properties. The price of the first home, dubbed the Jack L. Warner estate, was $165 million. The estate has a 13,600-square-foot main house and spans 10 lush acres in the heart of Beverly Hills. Entertainment tycoon David Geffen sold the house after purchasing it in 1990 for $47.5 million.
Bezos reportedly purchased a second property in February 2020 that was a 120-acre empty hilltop known as Enchanted Hill. Paul Allen, the late founder of Microsoft, sold the property on his estate for $20 million in 1997. The land is mostly overgrown with weeds, but it does have a 1.5-mile driveway and a well-kept bluff at its highest point. The purchase actually didn’t go through a month after it was announced. Jeff spent a total of $165 million on the Jack L. Warner estate during his real estate binge in February 2020.
Jeff Bezos Wife and Kids
There are three sons and one daughter born to Jeff Bezos and MacKenzie Scott. Their daughter had been adopted from China by the couple. Although Bezos prefers to keep his kids’ identities private, reports claim that his 20-year-old son’s name is Preston Bezos.
According to reports, Jeff Bezos and Lauren Sanchez, a former TV host who is now a helicopter pilot and camerawoman, first connected over their shared Seattle homes. The Amazon founder has been pictured with Ms Sanchez on several occasions since his divorce from his wife of 25 years, Mackenzie Scott, was finalized in 2019.