If you are someone who does not really get involved with the lifestyles of multimillion (or multi-billion) dollar lives of the top 1%, then this might be the time to get involved. Today, we are going to take a closer look at Jeff Bezos’ wealth and how he was able to achieve a massive net worth. Before taking a look into that, here are some fast facts about the Amazon founder, Jeff Bezos:
Jeff Bezos launched e-commerce giant Amazon in his Seattle garage in 1994. In July 2021, he stood down as CEO to become executive chairman.
In 2021, Bezos sold $8.8 billion worth of Amazon stock and gave some away, giving him just under 10% ownership of the corporation.
Senators and the general public chastised Amazon for their handling of warehouse employees during the coronavirus pandemic.
After 25 years of marriage, Bezos and his wife MacKenzie split in 2019, and he gave her a quarter of his then-16 percent Amazon ownership.
Bezos owns The Washington Post and Blue Origin, a rocket-development business; in July 2021, he traveled to space in one.
Early Life and Education
Jeff Preston Jorgensen, or more commonly known as Jeff Bezos, was born on January 12, 1964 in Albuquerque, New Mexico. When he was four, he was adopted by his stepfather after his biological parents got divorced. His last name was then changed from Jorgensen to Bezos.
Jeff was a diligent student from elementary and even up until high school where he graduated as valedictorian in 1982. He was also a National Merit Scholar. He continued his studies and graduated from Princeton University as a summa cum laude with a 4.2 GPA and a Bachelor of Science in Engineering degree with a concentration in electrical engineering and computer science.
In 1986, Jeff Bezos graduated from college and was immediately offered jobs at Intel, Bell Labs, and Andersen Consulting, just to name a few. He accepted a position at Fitel and was tasked to build a network for international trade. He later transitioned into the banking industry when he became a manager at Bankers Trust. Ultimately, he joined D. E. Shaw & Co and worked there until 1994 as its senior vice-president.
In 1993, Bezos found out that there is a rapid increase in the growth of the internet, so he decided to create an online bookstore. He initially named the company as Cadabra but eventually changed it to Amazon. This online bookstore later became more diverse as it started offering sale of music and video, and finally included other general merchandise. Since 2013, Amazon has been the leading and largest online shopping platform worldwide.
Aside from the e-commerce giant Amazon, Bezos also owns a few other companies.
Blue Origin: an American aerospace manufacturer and spaceflight services company
The Washington Post: an American daily newspaper and is often regarded as one of the leading daily newspapers in the country
Bezos Expeditions: an American investment firm that invests in early stage, late stage, and seed stage ventures of different companies
Altos Labs: an American biotech company whose goal is to develop life extension mechanisms that can stop or reverse human aging
Jeff Bezos’ Net Worth Today
With multiple endeavors and by managing some of the largest companies in the world, Jeff Bezos is basically set up even until beyond his death. His current net worth is at a whopping $132.8 billion!
Now, that value might be difficult to comprehend especially for people who do not have that kind of money, but even so, let us hope that he reinvests this money wisely so that he and his companies could do further research that would benefit humanity and possibly contribute towards a better quality of life.