Jeff Bezos net worth
Jeff Bezos net worth and salary: Jeff Bezos is an American philanthropist, businessman and space explorer who has a net worth of $136 billion. Jeff Bezos is the founder, chief executive officer, president and chairman of the board of Amazon.com. On July 27, 2017, Bezos took over Bill Gates as the richest person on the planet. While growing up in Texas, Bezos used his parents’ garage as a laboratory for his science projects. Bezos attended Princeton University with a plan to study physics, but his love of computers shifted his studies, where he graduated summa cum laude, Phi Beta Kappa with a Bachelor of Science degree in computer science and electrical engineering. Bezos was a financial analyst for D. E. Shaw & Co. prior to founding Amazon in 1994. Bezos created Amazon’s business plan during a cross country drive from New York to Seattle. Bezos founded the company in 1994, setting up the original business in his garage. In 2008, Bezos received an honorary doctorate in Science and Technology from Carnegie Mellon University, and in 1999 Bezos was named Time magazine’s Person of the Year. In 2000, Bezos founded Blue Origin, a human spaceflight startup company, partially as a result of his fascination with space travel. Blue Origin includes an early interest in developing space hotels, amusement parks, colonies and small cities for 2 million or 3 million people orbiting the Earth. The company was kept secret for a few years until it became publicly known in 2006 after purchasing a sizable aggregation of land in west Texas for a launch and test facility. In 2013, Bezos was discussing commercial spaceflight opportunities and strategies with Richard Branson, multibillionaire founder of Virgin Group – during that year he also purchased The Washington Post. Bezos and his wife, MacKenzie Bezos, have four children, including an adopted daughter from China and three sons.
Net Worth details: Bezos owns 17% of Amazon. In the 20 years since Amazon went public, Bezos has sold $4.5 billion worth of his shares. The day Amazon went public, Amazon’s stock topped out at $18 and Jeff was left with a net worth of $12 billion. At the peak of the dotcom bubble, Amazon stock topped $106 per share. After the bubble burst, Amazon’s stock price sank to an all-time low of $5 per share in October of 2001. At that point, Jeff’s net worth sank to $2 billion. As one point in late 2018, a single share of Amazon traded for $2050 So, if you had been smart enough to take $10,000 and buy shares of Amazon in October of 2001, could have had $4.1 million before counting any dividends that they may have issued.
Jeff Bezos Net Worth Milestones:
June 1998 – $1 billion for the first time
June 1999 – $10 billion
July 2015 – $50 billion
January 2018 – $100 billion
July 2018 – $150 billion
September 2018 – $170 billion
January 2019 – Jeff announces he is divorcing his wife of 25 years, MacKenzie. Clearly the outcome of this divorce will have an enormous impact on Jeff’s personal net worth.
In other words, it took him just three years to become a billionaire after launching in 1995. It took him 20 years to make $50 billion, but then only 2.5 years to make his second $50 billion, for a total of $100 billion. And then it only took 7 months to make his third $50 billion, for a total of $150 billion.