“If You Can’t Tolerate Critics, Don’t Do Anything New Or Interesting.”
Being a billionaire is not an easy task. It takes years of hard work, a passion for innovation, and a ruthless drive to be better than everyone else.
Jeff Bezos is the second richest person in the world. He is the founder and ex-CEO of Amazon, the biggest e-commerce distributing platform in the world.
To know more about Jeff Bezos net worth in 2022, continue reading till the end.
Who Is Jeff Bezos?
Born as Jeffrey Preston Jorgensen, Jeff Bezos was born on 12th January 1964 in Albuquerque, New Mexico, USA. His parents were Jacklyn and Theodore Jorgensen. His mother was American, while his father was Dutch.
When he was four, his parents got divorced. After his mother got his custody, she married Miguel Bezos. It was here that his surname was changed to Bezos.
After moving to Houston, he studied at River Oaks Elementary School. Soon, he moved to Miami to study at Miami Palmetto High School. Here, he graduated by being the school topper. In addition, he worked in McDonald’s as a part-time cook.
Since childhood, Jeff had a huge interest in science and technology. During his graduation ceremony from Princeton University with a BSE degree in 1986, he quoted:
“I wish to see humankind colonize outer space. When all humans leave Earth, it will turn into a national park”
One of the richest people in the world, he started working for a fintech company called Fitel. Here, he soon became the Director of Customer Service and Head of Development. In 1988, he left Fitel and joined Bankers Trust, where he was the product manager.
After working there for two years, he left the firm and joined DE Shaw in 1990. Here, he became the company’s senior vice president at the age of just 30. Here, he started dating colleague Mackenzie Scott, whom he would later marry in 1993.
Jeff Bezos and his wife Mackenzie decided to leave DE Shaw in 1994 to focus on starting an internet business. They decided to do this after he read an article that stated that the use of the internet was growing at a pace of 2000% annually.
In 1994, the couple established Amazon, an online bookstore. He did so after jhi9s parents invested $300,000 in the company. Initially named Cadabra, he renamed it to Amazon because of two reasons:
- The Amazon is the largest river in the world. He wanted his online bookstore to be the biggest in the world.
- Amazon started with the letter A. During that time, web search results were alphabetically ranked. Therefore, searching for an online bookstore would make Amazon rank at the top (smart move).
In 1998, after the successful start of Amazon, it expanded to sell music and movies online. Soon, it expanded minors to include consumer goods like food products and home care goods as well.
In 2002, Amazon launched Amazon Web Services (AWS), an online data compiler of website traffic and weather forecasts. Soon the company faced immense losses but would recover from it in 2003.
In 2007, he launched Amazon Kindle, an ebook reading device. Over the next six years, Amazon would grow rapidly internationally, becoming the biggest eCommerce website in 2013.
After being the CEO of Amazon for almost three decades, he stepped down from the role in 2018, being succeeded by Andy Jassy. Andy was previously the head of AWS. Bezos is now the Executive Chairman of Amazon.
To create other sources of revenue, he established a human spacefaring startup called Blue Origin in 2000. Here, Jeff channeled his interest in the spacefaring capability of humans. This view was somewhat shared by the now richest man in the world – Elon Musk.
Currently, Bezos has started investing more on this venture, so that his college graduation speech could become a reality.
In August 2013, he bought one of the biggest newspapers in the USA – The Washington Post for $250 million. Here, Bezos invested heavily in the online news distribution of the company, which paid off after it became profitable in 2016.
In November 2021, he became the co-founder of Altos Labs, a biotech firm. The mission of this venture is to enhance human lives and our longevity through cellular reprogramming. This company has many notable names working on this project, including Nobel Prize winner Shinya Yamanaka.
Split With Scott Mackenzie
Jeff Bezos net worth took a significant hit after his divorce from his wife Scott Mackenzie. Citing “years of separation,” the couple divorced in 2019, having three sons and an adopted daughter.
This divorce reduced Jeff Bezos net worth by a big margin. Scott now owns 25% of the total stock of Amazon, amounting to $36 million.
Jeff Bezos Wealth And Net Worth
Jeff Bezos net worth increased to a million in 1997 when Amazon went public, raising IPO stocks worth $54 million. His net worth soon increased to $10.1 billion in 1999, letting him enter the list of Forbes World’s Billionaires.
His net worth soon plummeted to $1.5 billion by 2002. However, he regained his wealth back by 2007 to $8.7 billion. This would again fall to $6.8 billion after the Financial Crisis of 2008. He would again increase his net worth to 12.6 billion after the Great Economic Recession.
Soon, Jeff Bezos Net Worth shot up to $31 billion in 2014, which further increased to $50.3 billion. This lets him enter the Top Ten Richest list in 2015. His wealth soon increased to $65 billion, making him the third richest man behind Warren Buffet and Bill Gates.
In 2018, Jeff Bezos net worth gradually jumped to $112 billion, making him the richest man in the world.
Jeff Bezos net worth today is $132 billion, making him the second richest person in the world behind Elon Musk.
Jeff Bezos Assets
When it comes to property, he owns:
- Two Beverly Hills Mansions ($13 million and $25 million).
- A mansion in Washington DC ($23 million).
- Property in Medina measuring 5 acres ($10 million).
- A mansion in Medina ($50 million).
Frequently Asked Questions (FAQ):–
Ans: Jeff Bezos was born to a normal middle-class family. He was not rich growing up. All his fortune and net worth came from his own business.
Ans: Jeff Bezos got rich by founding the company Amazon in 1994. He soon diversified its product range and invested in other projects like the Washington Post and Blue Origin to become rich.
Ans: Jeff Bezos salary is $205 million. He does not get a salary since he is an entrepreneur and wholly owns the businesses.
Ans: Jeff Bezos hit the $1 million mark in 1997. He was only 31 years old at the time, and was the founder and CEO of Amazon.
Jeff Bezos Net Worth
“It’s Not An Experiment If You Know It’s Not Going To Work”
Jeff Bezos is one of the most influential businessmen in the world. Known for his aggressive and opportunistic leadership style, he received a lot of criticism from many other businessmen. He is the founder and ex-CEO of Amazon, a company that needs no introduction.
Jeff Bezos net worth is currently $132 billion, making him the second richest person in the world. He became a millionaire at the age of 31, and a billionaire at the age of 36.
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