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Jeff Bezos Net Worth

Jeff Bezos Net Worth

What is Jeff Bezos net worth?

Net Worth:$108.2 Billion
Age:55
Date of Birth:January 12, 1964
Children:4
Residence:Medina, Washington, New York city U.S.
Occupation:Investor, Technology Entrepreneur
Updated:2020

Introduction

Jeffery Preston Bezos Jorgenson is popularly known as Jeff Bezos in as American investor and technology entrepreneur. He is the founder and CEO of one of the largest online sales shopping sites of America amazon.com, Inc.

He owned computer science and electrical engineering degrees from Princeton University. Jeff worked in a variety of fields on Wall Street. In 1994 he founded Amazon on a road trip from New York City to Seattle.

He started this website with an online book store and then it grew bigger with the other products and services related to e-commerce including cloud computing, artificial intelligence, and video/ audio streaming.

Bezos also achieved remarkable success when he founded Sub-Orbital Space Flight Company Blue Origin and Aerospace Manufacturer in 2000. Blue origin made his first flight test in 2015 and started its official human spaceflight in 2019 which set another level of success for Jeff.

Besides this, Jeff also started investing in various business organizations through Bezos expeditions, his venture capital fund.

Due to a whopping net worth of this extremely talented man made him the world’s wealthiest person in 2017 when it crossed over $90 billion. The same year his net worth crossed over $100 billion and then reached $112 billion in 2018. Jeff was named as the richest man in modern history when his net worth reached up to $150 billion the same year.

As of 2020, Jeff Bezos net worth is estimated at around $108.2 billion.

Early life

Jeff was born on January 12, 1964, in Albuquerque, New Mexico to Jacklyn Gise and ted Jorgenson. Later Jeff’s parents separated and Jacklyn married mike, a Cuban immigrant Miguel in 1968. He adopted Jeff and changed his surname to Bezos.

Jeff attended River Oaks Elementary School in Houston. Bezos used to spend his summer vacations at his grandfather’s family ranch. He later purchased that ranch and then expanded it to 300,000 acres.

Jeff showed great interest in scientific and technological experiments since his teen years. He went to Miami Palmetto High School for higher studies. During his studies, he used to work at McDonald’s as a cook. Despite his efforts to earn a living, he won A Silver Knight Award, he is a national merit scholar and valedictorian at school.

He was a talented and intelligent boy since his childhood and achieved remarkable success with a 4.2-grade point average and got degrees in computer science and electrical engineering when he graduated from Princeton University.

However, at the university, he was also elected as a president of the Princeton Chapter Of The Students For The Exploration and Development Of Space.

Personal life

Jeff married Mackenzie Tuttle who was a research associate at D.E. Shaw’s firm. The couple gave birth to four children including three sons and 1 daughter. Later they separated and after 25 years of their separation, they divorced in 2019. The couple’s divorce also caused jeff a good loss as his ex-wife was a 50-50 partner in all his rights reserved with amazon but still, she agreed to have $38 billion with due respect.

Right after their divorce, Bezos extramarital affair with television personality Lauren Sanchez exposed by media. Lauren and Jeff spotted multiple times on different occasions.

Jeff Bezos a philanthropist

Jeff is a kind hearted person. He directly donated a huge amount to non-profit organizations that are funded by Bezos expeditions. He used Bezos expeditions to support various philanthropic projects including Bezos Center for Neural Circuit Dynamics at Princeton University and Innovation Center at the Seattle Museum of History and Industry.

Besides all these, he also contributed through donations to the Fred Hutchinson Cancer Research Center numerous times.

In 2018, Bezos donated $33 million in the form of scholarship fund for the undocumented immigrants brought to the United States to the Dream.US

As of 2020, Jeff Bezos net worth is estimated at $108.2 billion.

Jeff’s public image

Jeff has a mysterious personality. He is a calm and composed public figure but also perceived to be nerdy or geeky at times.

He is a public celebrity and keenly observed by the media and people around. A journalist wrote about him as a hyper-competitive and a demanding boss, who can’t accept any faults and flaws in the products.

Jeff also physically transformed himself that increased the public perception about him as a dominant businessman.

Career

After graduating from Princeton University in 1986, Jeff worked with Wall Street and then went to work at Filtel where he designed a network for international trade. He was also offered multiple jobs at Intel, Bell Labs and Anderson Consulting.

In 1990 he joined the hedge fund company D.E. Shaw & CO. and at the age of 30, he became the fourth vice president there.

In 1993, he left the job at D.E. Shaw and started an online book store. In 1994, he founded Amazon while his cross country trip from New York to Seattle. Amazon was firstly known as Cadabra and later named Amazon after the Amazon River of South America.

Initially, the investment of $300,000 was done by Jeff’s parents and then he accepted investments from renowned investors warning them about his doubts about the failure of Amazon. Initially, the online portal began with online book purchases but after three years he added other e-commerce products and expanded it to another level. Amazon competes with many other high-level competitors in the market including Borders and Barnes $ Noble, but Bezos worked hard to maintain the level of internet growth and overtook the competition.

Jeff also faced many issues with the company’s expansion. In 2018, President Donald Trump accused Bezos and his venture Amazon of anti-competitive business practices, wrong use of postal routes and especially of the sales tax avoidance. Due to these accusations, Amazon faced the loss of a 9% share rate and affected Jeff bezos net worth to reduce about $10.7 billion although the loss was soon recovered. Many of these types of criticisms were faced by Bezos against Amazon’s business practices.

In 2000 Bezos founded a Human Spaceflight Startup Company, Blue Origin. Bezos did a tremendous job in linking human life with the solar system and expressed his keen interest in space travel. He always wanted to do something beyond limits and expectations. He wanted to build hotels, parks, colonies, and hotels for people in space. He also wanted to save the earth through resource depletion.

Along with his company, Blue Origin Jeff took some steps to reduce the cost and provide ultimate safety for extraterrestrial travel. To execute, Blue Origin started testing flights with six vehicles. To increase the investment Bezos is selling about $1 billion stock through Amazon annually. Jeff did well in managing his primary goal of making the human species multi-planetary to save natural resources.

As of 2020, Jeff Bezos net worth is estimated to be around $108.2 billion making him the richest man in the world.

Achievements

Bezos received several awards for his extraordinary achievements he made in his business career.

In 1999, Jeff won one of the major awards of his career, when Time Magazine listed him as the person of the year.

In 2008, news & world records selected him as America’s Best Leader.

In the same year, Jeff was awarded an honorary doctorate in science and technology from Carnegie Mellon University.

In 2011, Bezos and Gregg Zehr received an innovation award for the Amazon Kindle by the Economists.

In 2012, Fortune Magazine named him as the business person of the year.

Jeff also served the business council is a member of the executive committee from 2011 to 2012.

Bezos won a prize of $250,000 when he won the Heinlein prizes for advances in space commercialization, which he later decided to donate to the Students For The Exploration And Development Of Space in 2018.

He was awarded The Buzz Aldrin Space Exploration Award for his exceptional work for the Blue Origin and Germany’s Axel Springer award for business and social innovation in 2018.

Jeff was named as one of the 100 most influential people in the world in their 2018 listing.

In the same year, Bezos was officially listed as one of the richest people in the world with a net worth of approx $112 billion.

Summary

Jeff Bezos started with an online bookstore and reached the height of the success where he can sell everything he wants to. Amazon is like a fairy tale that started with one man’s idea of selling second-hand books and it has become the world’s biggest online market. Jeff Bezos is now listed as the world’s richest man who de-throned his biggest competitor bill gates too.

As of 2020, Jeff Bezos net worth is around $108.2 billion.

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Written by Abdul Qayyum Rajpoot

Abdul Qayyum Rajpoot is a productivity enthusiast who in on mission to help entrepreneurs and solopreneurs in achieving their business goals through focus, grit, and motivation. When he is not advocating smarter work, he is traveling the world or journaling his achievements in the self-growth arena on his blog.

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