What Is Jeff Bezos’s Current Net worth? Is He the Richest Person Of All Time?

American entrepreneur, philanthropist, and space explorer Jeff Bezos is probably best known for founding Amazon.com. Amazon.com was founded by Jeff Bezos, who also serves as its president, chief executive officer, and chairman of the board. In terms of fortune, he initially overtook Bill Gates in July 2017. Between October 2017 and January 2021, he held the title of richest man without fail. Like Jeff Bezos Net Worth, Tom Brady Net Worth is also most searched topic nowadays.

Jeff Bezos’s Early Life 

In Albuquerque, New Mexico, on January 12, 1964, Jeff Bezos was born. When Jeff was born, his mother was a high school student who was 17 years old. His father had a bicycle store. After some time, Jeff’s mother and birth father were divorced. She wed Miguel Bezos, a Cuban immigrant, when he was 4 years old. Soon after the wedding, Jeff’s last name was formally changed from Jorgenson to Bezos and Miguel adopted Jeff. Mike was hired as an engineer by Exxon when the family relocated to Houston.

When Jeff started high school, the family relocated to Miami. Jeff worked at McDonald’s as a short order cook while still in high school. He was a National Merit Scholar and the valedictorian of his high school. He spoke of his hope that one day humans would occupy space in his valedictory speech. He enrolled at Princeton University with the intention of studying physics, but his passion for computers led him to change his major. His final grade point average was 4.2 and he was a Phi Beta Kappa graduate. He received a Bachelor of Science in electrical engineering and computer science.

Jeff started working for Fitel, a company that specializes in financial technology, after graduating from college. When he was offered a position in product management at Bankers Trust, he eventually made the switch to the banking sector. He was employed in 1990 as a financial analyst by D. E. Shaw & Co., a hedge fund that had just begun operations with the belief that sophisticated mathematical modeling might forecast significant market gains. Jeff continued to work at D.E. Shaw until 1994, when he was promoted to the position of fourth senior vice president. Thirty years old.

Is Jeff Bezos The World’s Richest Person?

When Jeff’s highest net worth of $200 billion is compared to our ranking of the richest people in history after correcting for inflation, he does not even make the top ten. Using the $200 billion figure, that would be the eleventh greatest fortune ever amassed by a single person (counting inflation). For instance, when oil billionaire John D. Rockefeller died, he was worth $340 billion after inflation. Pete Davidson’s Net Worth is currently the most googled topic, similar to Jeff Bezos’s Net worth.

Could Jeff Bezos Reach The Billion Dollar Mark?

Everything is conceivable! But if he intends to become a trillionaire just by selling his Amazon shares, that seems like a rather ambitious goal. For every $1 trillion market cap milestone, Jeff is essentially worth $120 billion (on paper) as the owner of 12% of Amazon’s shares. In other words, Amazon’s market capitalization would have to exceed $8.3 trillion for Jeff to become a billionaire solely on the basis of his shares.

When Bezos Started Amazon?

Jeff first became interested in the developing World Wide Web a year ago. He decided to sell books online because he wanted to sell something. Bezos wrote the business strategy for Amazon while traveling from New York to Seattle. In 1994, he formally established the company, opening the first location in his garage.

Jeff Bezos’s Other Achievements

In addition to being selected Time magazine’s Person of the Year in 1999, Bezos received an honorary doctorate in science and technology from Carnegie Mellon University in 2008. Bezos started the human spaceflight startup company Blue Origin in 2000 in part as a result of his obsession with space travel. Blue Origin had an early interest in creating small cities with a population of 2 or 3 million people orbiting the Earth, as well as space hotels, theme parks, colonies, and colonies. The business was kept under wraps for a few years before going public in 2006, following the acquisition of a big parcel of land in west Texas for a launch and test site. Bezos and Virgin Group billionaire and The Washington Post’s 2013 acquisition Richard Branson were talking about potential and strategies for commercial spaceflight.

Jeff Bezos Net Worth
Jeff Bezos Net Worth

What About His Real Estate And Assets

On February 12, 2020, it came to light that Jeff had spent $255 million on two Beverly Hills houses. The price of the first home, dubbed the Jack L. Warner estate, was $165 million. The estate has a 13,600 square foot main home and spans 10 beautiful acres in the center of Beverly Hills. Entertainment tycoon David Geffen sold the house after purchasing it in 1990 for $47.5 million.

Bezos reportedly purchased a second property in February 2020 that was a 120-acre empty hilltop known as Enchanted Hill. Paul Allen, the late founder of Microsoft, sold the property on his estate for $20 million in 1997. The land is primarily overgrown with weeds, although it does include a 1.5-mile driveway and a well-kept cliff at its highest point. The purchase actually didn’t go through a month after it was announced. Jeff spent a total of $165 million for the Jack L. Warner home during his real estate binge in February 2020.

What Is Jeff Bezos’ Net Worth?

Jeff Bezos has a $150 billion net worth as of this writing. Jeff holds 55 million shares of Amazon, or around 12% of the total number of shares outstanding, according to the company’s most recent SEC filing. He had 80 million shares of Amazon at his highest point. Jeff Bezos transferred 19.7 million shares to MacKenzie Bezos as part of their divorce settlement in April 2019. The shares were worth $36 billion at the time of transfer. Jeff’s net worth was temporarily decreased by the settlement from $150 billion to $114 billion. Jeff has at least $1 billion worth of shares in what is now known as Alphabet Inc. and was a pioneering pre-IPO investor in Google.com.

Jeff was not even among the top 10 or top 20 richest persons on the planet for the majority of the 2000s. Late in 2014, the price of Amazon stock started to soar. Jeff had a $50 billion net worth as of July 2015. His net worth (as well as the shares) had doubled in less than two years. On July 27, 2017, Bezos surpassed Bill Gates to become the world’s richest person. The market value of Amazon surpassed $1 trillion in September 2018. He still had 80 million shares at the time because it was before his divorce. Jeff’s net worth exceeded the then-record high of $170 billion at that point.

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