Jeff Bezos Net Worth 2023: Jeff Bezos is a famous businessman with a net worth is $107 Billion us dollars. Find more about his companies, net worth, biography, age, height, wife, family, and investments.
|Net Worth:||$107 Billion|
|Date of Birth:||Jan 12, 1964 (58 years old)|
|Place of Birth:||Albuquerque|
|Nationality:||United States of America|
Jeff Bezos Net Worth
Jeff Bezos is a businessman, philanthropist, and space explorer who founded Amazon.com. Amazon.com’s founder, CEO, president, and board chairman is Jeff Bezos. He passed Bill Gates in July 2017. He was the richest individual from October 2017 until January 2021.
As of this writing, Jeff Bezos has $107 billion.
According to Amazon’s most recent SEC filing, Jeff owns 55 million shares, or 12% of the total shares. His peak Amazon holdings were 80 million. As part of his April 2019 divorce deal with MacKenzie, Jeff transferred 19.7 million shares to her. At transfer, the shares were worth $36 billion. The settlement lowered Jeff’s net worth to $114 billion. Jeff was a pre-IPO investor in Google.com and owns $1 billion in Alphabet Inc.
For much of the 2000s, Jeff wasn’t even in the top 10 or 20 wealthiest individuals on earth. Amazon stock soared late in 2014. In July 2015, Jeff had $50 billion. In two years, his net worth and stock doubled. On July 27, 2017, Bezos overtook Bill Gates as richest person on earth. The Amazon market cap exceeded $1 trillion in September 2018. Until his divorce, he controlled 80 million shares. At the time, Jeff’s net worth was $170 billion.
Jeff Bezos facts
- He left finance in 1994 to start an internet bookstore.
- He wrote Amazon’s business plan while driving cross-country
- Amazon’s IPO net value was $12 billion.
- The dotcom bubble lowered net worth to $2 billion.
- In 2015, net worth reached $50b.
- 2018 was the first year to reach $100b in net worth.
- Owns $1b in Google from a pre-ipo investment
- He was worth $136b when he and MacKenzie announced their split.
- MacKenzie has 20m Amazon shares and is the world’s richest woman.
- Had they never separated, Jeff’s net fortune would be $250 billion
- Owns the Post
- Beverly Hills home valued $300m
- Washington property worth $60m
- Has sold $70b in Amazon stock to date
- Sells $1b/yr to finance Blue Origin
- $211 billion in July 2021
Was Jeff Bezos the richest ever?
After adjusted for inflation, Jeff’s highest net worth of $200 billion isn’t even among the top 10 richest people of all time. Using $200 billion, that would be the 11th greatest wealth ever accumulated by a single human (counting inflation). Oil tycoon John D. Rockefeller was worth $340 billion when he died.
Could Jeff Bezos Be a Billionaire?
It’s feasible! But counting on Amazon shares to become a trillionaire seems ambitious. As a 12% Amazon shareholder, Jeff is worth $120 billion (on paper) for every $1 trillion market value milestone. So, for Jeff to become a billionaire on Amazon shares alone, the company’s market cap would need to reach $8.3 trillion.
Jeff Bezos’ Past
Jeff Bezos was born on Jan. 12, 1964, in New Mexico. His mother was a 17-year-old high schooler when she had Jeff. His dad ran a bike store. His mom divorced Jeff’s dad. At 4, she married Cuban immigrant Miguel Bezos. Soon after the wedding, Miguel adopted Jeff and changed his surname to Bezos. The family moved to Houston, where Mike worked for Exxon. They were also closer to his mother’s cattle property south of San Antonio. His maternal grandmother was first cousins with George Strait.
Growing up in Texas, Bezos utilized his parents’ garage as a lab. He also worked at his grandparents’ ranch in the summer. Later, Jeff said he learnt his work ethic at the ranch. He bought the ranch and expanded it to 300,000 acres.
Jeff’s family moved to Miami around his freshman year. In high school, Jeff worked at McDonald’s. He was a National Merit Scholar and valedictorian. He said in his valedictorian speech that he hoped humans will populate space.
At Princeton, he planned to study physics, but his love of computers changed his mind. Eventually, he graduated from Summa Cum Laude with a 4.2 GPA, Phi Beta Kappa. Computer science and electrical engineering were his majors.
After college, Jeff joined Fitel, a financial technology startup. Then he became a product manager at Bankers Trust. In 1990, he joined D. E. Shaw & Co., a hedge fund that believed mathematical modeling could predict significant market profits.
Jeff was D.E. Shaw’s fourth SVP by 1994. Age 30.
Jeff Bezos’ Amazon
Jeff was enthralled by the new web a year ago. He wanted to sell online and chose books. Bezos drafted Amazon’s business plan en route from New York to Seattle. In 1994 he launched the company in his garage.
Other Jeff Bezos feats
Bezos received an honorary doctorate in Science and Technology from Carnegie Mellon University in 2008 and was Time’s Person of the Year in 1999. Blue Origin, a human spaceflight startup firm, was created by Bezos in 2000. Blue Origin is interested in building space hotels, amusement parks, colonies, and miniature towns for 2 million or 3 million people orbiting Earth. The corporation remained hidden for a few years until 2006, when it bought land in west Texas for a launch and test site. Bezos discussed commercial spaceflight potential and strategies with Virgin Group founder Richard Branson in 2013. He also bought The Washington Post that year.
Bezos’ Real Estate and Assets
In 2007, Jeff and MacKenzie paid $24.5 million for a Beverly Hills mansion on 2 acres. In 2018, they paid $12.9 million for the next-door home. MacKenzie won two homes in their 2019 divorce deal. In 2022, MacKenzie gave the homes to the California Community Foundation. At the time of the contribution, the combined compound was $55 million.
On February 12, 2020, Jeff bought two Beverly Hills homes for $255 million. First, the $165 million Jack L. Warner inheritance. The 10-acre estate contains a 13,600-square-foot main house in Beverly Hills. Entertainment magnate David Geffen bought the property in 1990 for $47.5 million.
The second property Bezos bought in February 2020 was 120-acre Enchanted Hill. The late Paul Allen’s estate bought the site in 1997 for $20 million. The property has a 1.5-mile road with a groomed bluff at its crest. The purported transaction fell through a month later. In February 2020, Jeff bought the $165 million Jack L. Warner estate.
Other real properties owned by Jeff Bezos:
- $23 million D.C. mansion bought in 2018. Two old museum buildings totaling 27,000 square feet
- Multiple ranches on 300,000 acres in Texas
- 100,000 acres in several regions
- 3 flats in 25 Central Park West, Manhattan
- 5 acres in Medina, Washington, bought for $10 million in 1999.
- 2005 $50 million villa next to his Medina home
History of Jeff Bezos’ Net Worth
Since Amazon went public, Bezos has sold $70 billion in shares. He sells $1 billion in shares yearly as part of a scheme.
At Amazon’s IPO, its market cap was $300 million. Jeff owned 40% of the company and had $120 million in assets (on paper, pre-tax). In a year, he had $1 billion. During the dotcom bubble, Jeff’s net wealth surpassed $10 billion. After the bubble burst, Amazon’s share price fell to $5 in October 2001. At that period, Jeff’s net worth was $1-2 billion.
If you invested $10,000 in Amazon in October 2001, you’d have almost $15 million before dividends.
Milestones of Jeff Bezos’ wealth
- IPO in May 1997: $120 million.
- $1 billion in June 1998
- June 1999: $10B
- July 2015: $50B
- January 2018: $100B
- July 2018: $150b
- September 2018: $170B
Jeff says he’s divorcing MacKenzie in January 2019. The divorce will affect Jeff’s $150 billion net worth.
4.04.19 – Jeff and MacKenzie announced an amicable divorce in which she will receive $36 billion of Amazon stock. Jeff will keep 75% of his old ownership and vote on MacKenzie shares. She’ll have no stake in The Washington Post or Jeff’s space venture Blue Origin. It’s unclear how they shared their mansions and jets. Jeff’s net worth rose to $114 billion after the news.
- March 9, 2020: $111bn
- July 1, 2020 – $172b
- July 9, 2020 – $190B
- August 26, 2020 – $202B
- $117 billion by 2022
- $107 billion in January 2023
After debuting in 1995, Jeff was a billionaire in three years. It took him 20 years to make $50 billion, but 2.5 years to make another $50 billion, for $100 billion total. His third $50 billion took 7 months, for a total of $150 billion. And then he lost $36 billion with a stroke of a pen.
Jeff Bezos wealth through time
- June 1997: $150M
- June 1998: $1B
- June 1999: $10B
- March 2000: $6B
- December 2000: $2B
- September 2001: $1.5B
- 2003: $2.5 billion
- 2005: $5.1 billion
- September 2005: $4.1B
- September 2006: $4.3B
- $8.7 billion in September
- September 2008: $8.2B
- $6.8 billion in September
- September 2010: $12.6B
- September 2011: $18B
- $23.2 billion
- October 2013: $29B
- December 2014: $30.5B
- $50 billion in July
- $45 billion in October
- December 2017: $73B
- July 2018: $150B
- September 2018: $170B
- April 2019: $114B
- July 2020: $190B
- July 2021: $213B
- November 2022: $117B