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Jeff Bezos Net Worth: How He Did Start His Successful Journey?

Jeff Bezos is an American philanthropist, businessman, and space adventurer. Jeff Bezos founded, runs, and chairs Amazon.com. In July 2017, he exceeded Bill Gates’ wealth. Between October 2017 and January 2021, he was the world’s richest person.

Jeff holds 55 million Amazon shares or 12% of the total. He held 80 million Amazon shares. Jeff Bezos gave MacKenzie 19.7 million shares in their April 2019 divorce settlement. Shares were transferred for $36 billion. Jeff’s net wealth dropped from $150 billion to $114 billion. Jeff was an early Google.com pre-IPO investor and owns $1 billion in Alphabet Inc.

Jeff wasn’t in the top 10 or 20 richest people on the earth during much of the 2000s. In late 2014, Amazon shares soared. Jeff had $50 billion in July 2015. His wealth (and stock) doubled in two years. Bezos became the world’s richest person on July 27, 2017. Amazon’s market cap surpassed $1 trillion in September. He held 80 million shares before his divorce. Jeff’s net worth then reached $170 billion.

Early Life of Jeff Bezos

He was born in Albuquerque, New Mexico, on January 12, 1964. Jeff’s mother was in high school and 17 years old when she had him. His dad ran a bicycle shop. Jeff’s mother got a divorce from Jeff’s birth father in the end. She married a Cuban immigrant named Miguel Bezos when he was 4 years old.

Soon after the wedding, Miguel legally changed Jeff’s last name from Jorgenson to Bezos. Mike got a job as an engineer at Exxon in Houston, where the family moved. They were also closer to his mother’s parents, who lived on a ranch south of San Antonio and were his mother’s parents. George Strait’s first cousin was his maternal grandmother, Mattie Louise Gise.

When Bezos was a kid growing up in Texas, he did his science projects in his parent’s garage. He also worked at his grandparents’ ranch during the summer. Jeff would say that he learned how to work hard at the ranch during the summers. Later, he bought the ranch and grew it from 25,000 acres to 300,000 acres.

Jeff Bezos Net Worth

When Jeff was about to start high school, the family moved to Miami. Jeff worked at McDonald’s as a short-order cook when he was in high school. He was the head of his class in high school and a National Merit Scholar. In his graduation speech, he talked about a dream he had that people from Earth would one day live in space.

He went to Princeton University to study physics, but his interest in computers made him change his plans. In the end, he got a Phi Beta Kappa with a 4.2 GPA from Summa Cum Laude. He got a Bachelor of Science in computer science and electrical engineering.

Jeff went to work for a company called Fitel right after he graduated from college. Then, he moved into the banking business when he got a job as a product manager at Bankers Trust. In 1990, he was hired as a financial analyst by D. E. Shaw & Co., a hedge fund that had just started up with the idea that mathematical modeling could predict big market gains.a

Jeff worked at D.E. Shaw until 1994 when he became the fourth senior vice president of the company. He had turned 30.

Jeff Bezos Amazon’s Business

A year ago, Jeff was really interested in the new World Wide Web. He decided to sell books online because he wanted to sell something online. Bezos came up with the idea for Amazon’s business plan as he drove from New York to Seattle. He made the company official in 1994. The first business was set up in his garage.

Others Work and Achievements of Jeff Bezos

In 2008, Bezos got an honorary doctorate in Science and Technology from Carnegie Mellon University. Bezos created Blue Origin, a human spaceflight firm, in 2000. Blue Origin wants to build space hotels, amusement parks, colonies, and small towns for 2 million or 3 million people. After purchasing a large plot of land in west Texas for a launch and test facility, the business became public in 2006. In 2013, Bezos discussed commercial spaceflight options with Virgin Group founder Richard Branson. He also bought The Washington Post that year.

Net Worth of Jeff Bezos

According to celebritynetworth  Jeff Bezos has a net worth of $142 billion. Bezos has sold $70 billion worth of Amazon shares in 20 years. As part of a stock sale plan, he sells $1 billion annually. Amazon was worth $300 million when it went public. Jeff held 40% of the company, giving him $120 million (on paper, pre-tax).

Jeff Bezos Net Worth (3)

He was $1 billion after a year. Jeff’s net worth surpassed $10 billion during the dotcom bubble. Amazon’s stock price hit $5 per share in October 2001 after the bubble crashed. Jeff’s wealth dropped to $1-2 billion. If you invested $10,000 in Amazon in October 2001, you’d have $15 million now before dividends.

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Assets and Property of Jeff Bezos

Jeff and MacKenzie bought a Beverly Hills property for $24.5 million in 2007. Next door cost $12.9 million in 2018. MacKenzie’s 2019 divorce settlement included this two-home property. MacKenzie gave the properties to the California Community Foundation in 2022. The donation was valued $55 million.

Jeff bought two Beverly Hills houses for $255 million in 2020. Jack L. Warner’s estate cost $165 million. The 10-acre Beverly Hills estate has a 13,600-square-foot main house. David Geffen sold the home for $47.5 million in 1990.

Bezos bought a 120-acre mountaintop called Enchanted Hill in February 2020. Paul Allen’s estate bought the site for $20 million in 1997. Though overgrown, the property has a 1.5-mile driveway and maintained bluff. After a month, the purchase fell through. Jeff bought the $165 million Jack L. Warner estate in February 2020.

  • 2018’s $23 million D.C. mansion. 300,000 acres in Texas, comprising various ranches, and a former 27,000-square-foot museum.
  • 100,000 acres around the country
  • Three apartments at 25 Central Park West
  • 1999 10-million-dollar 5-acre Medina, Washington, purchase
  • In 2005, he bought a $50 million estate in Medina.

Also read: Ratan Tata Net Worth: How He Become a Greatest Businessman?

Summary

Jeff holds 55 million Amazon shares or 12% of the total. He gave MacKenzie 19.7 million shares in their April 2019 divorce settlement. Jeff’s net wealth dropped from $150 billion to $114 billion. Bezos became the world’s richest person on July 27, 2017. Jeff Bezos was the head of his class in high school and a National Merit Scholar.

He came up with the idea for Amazon’s business plan as he drove from New York to Seattle. Bezos created Blue Origin, a human spaceflight firm, in 2000. Jeff and MacKenzie Bezos bought a Beverly Hills property for $24.5 million in 2007. The 10-acre Beverly Hills estate has a 13,600-square-foot main house. Jeff bought the $165 million Jack L. Warner estate in February 2020.

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