Jeff Bezos Net Worth, How did the richest man in the world accumulate his wealth? Check this article to find out more about Jeff Bezos Net Worth, his career and his personal life.
About Jeff Bezos
If you have ever bought something on popular online store Amazon or used any of its services then you should know that Jeff Bezos owns it. Jeff is an American entrepreneur, investor, technologist and philanthropist known for starting up the popular online sales company Amazon and a host of other companies which he actively manages.
So what is Jeff Bezos Net Worth? Continue reading to find out more about Jeff Bezos Net Worth.
|Full Name:||Jeffrey Preston Jorgensen|
|Profession:||Entrepreneur, Investor, Technologist|
|Date of Birth:||January 12, 1964|
|Net Worth:||$164.9 Billion|
Jeff Bezos Early Life and Career
His real name is Jeffrey Preston Jorgensen. He was born on January 12, 1964, in Albuquerque, New Mexico to Jacklyn Gise Jorgensen. His surname was changed from Jorgensen to Bezos after he was adopted by his stepfather Miguel Mike Bezos in 1968.
After Mike’s graduation from the University of New Mexico, he got a job as an engineer in Exxon which led to the entire family moving to Houston, Texas.
Jeff Bezos started his education at River Oaks Elementary school, Texas. He showed interest in science and technology as a child and would mostly tamper with some computerized gadgets.
The family later moved to Miami, Florida where he attended the prestigious Miami Palmetto High school. As a student at palmetto, Jeff worked and also attended science training at the University of Florida.
After High school, he went on to study at Princeton University where he obtained degrees in electrical engineering and computer science in 1986.
Upon graduation, Jeff got a job at Fitel a telecommunications company where he employ his computer skills. He was so good at his job that he got promoted twice.
He finally decided to leave the Telecom sector and venture into the banking sector and worked at Bankers Trust for a period of three years before moving to a hedge fund firm D. E. Shaw where he worked for four years before resigning to start up Amazon in 1994.
In the middle of 1994, Jeff started Amazon with personal funds and a $300,000 investment from his parents. In the beginning, he believed that amazon may soon go bankrupt but still persevered.
Amazon started out as an online book store and diversified to the sale of music, videos and certain consumer goods in 1998. However, after going public in 1997, the company raised $54 million which Jeff used to acquire his major small competitors. The company later decided to diversify into web services and currently owns Alexa a subsidiary of Amazon.
In 2013, Amazon became the largest online retail shop in the world and also received a contract worth $600 million from the Central Intelligence Agency (CIA). Between 2016-2017, Jeff sold more than two million of his shares for over $1.5 billion.
The company’s value has been on the rise as they employed over 130,000 workers in 2008. As of today, Amazon’s market value is reportedly between $760 billion and $1 trillion.
Due to Jeff’s love for space, he started a human space flight company Blue Origin in 2000. It was relatively unknown until when it acquired a large expanse of land to build its facility in West Texas.
In 2015, blue origin started the development of its space vehicle named New Shepard which was finally was launched in 2017 as it transported dummy passengers to space.
Moreover, Jeff Bezos had planned to monopolize the space system and have been investing $1 billion yearly to achieve such a feat. According to him, he invests in space as the earth is been destroyed by man and plans to build houses there.
Jeff Bezos Net Worth
As of 2019, Jeff Bezos Net Worth is over $165 billion though it is set to reduce by $38 billion due to his divorce settlement with his ex-wife MacKenzie Tuttle even that won’t affect him much as he will still maintain his position as the richest man in the world.
Jeff Bezos Net Worth is earned from his shares in Amazon and also from his other companies Blue Origin and The Washington Post. Jeff with his ex-wife own more land than anyone in the United States.
He owns a $56million jet and also has an investment in Google, Uber and Airbnb.
In 2009, Jeff purchased Zappos an online shoe retailer for $1.2 billion. and in 2017 he bought whole foods an online food retail store for $13.7 billion.
In 2013, he also bought over The Washington Post for $250 million and has transformed it to more of a technology and analytics firm. After years of investment, it began making a profit in 2016.
Jeff invested 17.5 billion in web cloud computing business in February 2018.
Awards and Recognition
-Silver Knight Winner: 1982
-Time Person of the Year: 1999
-Businessperson of the Year by Fortunes: 2012
-USIBC Global Leadership Award: 2016
-Buzz Aldrin Space Exploration Award: 2018
-Germany’s 2018 Axel Springer Award for Business Innovation and Social Responsibility: 2018
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