Rich Profiles Logo
Jeff Bezos Net Worth

What is Jeff Bezos’ net worth In 2024?

Jeff Bezos is an American entrepreneur with a $179 billion fortune. Jeff Bezos became wealthy by founding Amazon.com. Former CEO Jeff Bezos is currently the president and chairman of the board of Amazon. In July of 2017, he overtook Bill Gates in terms of fortune. He continuously held the title of world’s richest person from October 2017 until January 2021.

According to the company’s most recent SEC filing, Jeff holds 55 million Amazon shares or around 12% of all outstanding shares. During his zenith, he possessed 80 million Amazon shares. Jeff handed 19.7 million shares to MacKenzie Bezos, his ex-wife, as part of their April 2019 divorce settlement. At the time of the transfer, the shares were worth $36 billion. Jeff’s net worth was momentarily decreased by the settlement from $150 billion to $114 billion. Furthermore, Jeff was a trailblazing pre-IPO investor in Google.com and held at least $1 billion in shares of Alphabet Inc.

For a large part of the 2000s, The price of Amazon shares began to skyrocket in late 2014. As of July 2015, Jeff’s net worth was $50 billion. In less than two years, his net worth and stock had grown. On July 27, 2017, Bezos overtook Bill Gates as the richest person in the world. In September 2018, Amazon’s market value crossed $1 trillion.

Since this occurred before his divorce, he kept his 80 million shares. As this occurred before his divorce, he continued to hold 80 million shares. Jeff’s net worth exceeded its all-time high of $170 billion at that valuation.

Was Jeff Bezos Ever the Richest Person?

Jeff does not even rank in the top 10 when comparing his $200 billion peak net worth to our ranking of the richest persons in history that has been adjusted for inflation. With inflation considered, $200 billion would rank as the eleventh-largest wealth ever amassed by one person. By contrast, the inflation-adjusted net worth of oil magnate John D. Rockefeller at his death was $340 billion.

Could Jeff Bezos Become a Trillionaire?

Everything is conceivable! However, if all he’s counting on to become a trillionaire is his Amazon shares, that sounds like a very ambitious aim. If Jeff becomes a billionaire solely from his Amazon stock, the company’s market capitalization would have to surpass $8.3 trillion.

Early Life Of Jeff Bezos

On January 12, 1964, Jeff Bezos was born in Albuquerque, New Mexico. When Jeff was born, his mother was a 17-year-old high school student. His dad was a bicycle retailer. Jeff’s biological father was later divorced by his mother. After the family relocated to Houston, Exxon hired Mike as an engineer. In addition, they were nearer to his mother’s parents, who owned a cattle ranch south of San Antonio. George Strait, a country artist, was first cousins with his mother, Mattie Louise Gise.

Additionally, he worked summers at his grandparents’ ranch. Jeff would later say that he developed his work ethic during his summers at the ranch. Subsequently, he would acquire the ranch and increase its size from 25,000 to 300,000 acres.

Around the time Jeff was starting high school, the family relocated to Miami. He was a National Merit Scholar and the valedictorian of his high school. He shared a dream in his valedictorian address on how humans will eventually populate space.

Jeff Bezos utilized his parents’ garage as a laboratory for his science projects while he was a child growing up in Texas. Additionally, he worked summers at his grandparents’ ranch. Jeff would later say that he developed his work ethic during his summers at the ranch. Subsequently, he would acquire the ranch and increase its size from 25,000 to 300,000 acres.

Life Of Jeff Bezos

He was a National Merit Scholar and the valedictorian of his high school. He had a dream in his valedictorian address on how humans would eventually populate the ace. His aim at Princeton University was to major in physics, but his passion for computers had other ideas. Ultimately, he earned a 4.2 GPA and graduated summa cum l ude from Phi Beta Kappa.

Jeff started working at Fitel, a financial technology company, after receiving his degree from college. After that, he moved into the banking sector and was hired by Bankers Trust as a product manager. He was recruited in 1990 to work as a financial analyst for D. . Shaw & Co.. This newly established hedge fund was predicated on the notion that large market PR fits could be predicted by mathematical modelling.

Click Here to read about Avi Arad’s Net Worth.

Amazon Of Jeff Bezos

Jeff Bezos was captivated by the emerging World Wide Web a year ago. Selling books was the product he decided to sell online. Bezos drove from New York to Seattle across the country while drafting the business plan for Amazon. In 994, he formally established the company, launching its first operation out of his garage.

Other Accomplishments

Time magazine named Bezos Person of the Year in 1999, and he was awarded an honorary degree in Science and Technology by Carnegie Mellon University in 2008. Bezos’s enthusiasm for space travel led him to launch Blue Origin, a startup business dedicated to human spaceflight, in 2000. One of Blue Origin’s initial interests was creating space hotels, theme park colonies, and small towns for two or three million people in orbit around the Earth. The business was kept under wraps for a few years until going public in 2006 following the acquisition of a substantial tract of property in west Texas for a testing site. Jeff Bezos and multibillionaire Virgin Group founder Richard Branson (2013) were talking about commercial spaceflight methods and potential. That year, Bezos also bought The Washington Post.

Real Estate And Assets Of Jeff Bezos

For over thirty years, Jeff Bezos lived in Seattle, Washington. He declared in November 2023 that he intended to relocate to Miami permanently. Over the past two months, he has spent $150 million purchasing two residences on I dian Creek Village, a Miami private island commonly referred to as the Billionaire Bunker.” The homes are next to each other, and it’s assumed he would demolish them to construct a new, enormous mansion.

Jeff Bezos and MacKenzie purchased a $24.5 million estate on two prime acres in Beverly Hills, California, in 2007. They spent $12.9 million in 2018 to purchase the house next door. As part of their 2019 divorce settlement terms, MacKenzie was awarded this now merged tw -home property. MacKenzie said in August 2022 

The combined property was estimated to be worth $55 million at the time of the donation. It was disclosed on February 12, 2020, that Jeff had spent $255 million on two Beverly Hills houses. The first property cost $165 million and was referred to as the Jack L. Warner estate. The estate has a 13,600-square-foot main home on ten beautiful acres in the centre of Beverly Hills. Entertainment tycoon David Geffen sold the property, having paid $47.5 million in 1990. The second property that Bezos reportedly purchased on February 20 0 was Enchanted Hill, a 120-acre uninhabited mountaintop. Microsoft founder Paul Allen bought The site in 1997 for $20 million, whose estate was the seller. The property features a 1.5-mile driveway and a groomed bluff at its crest despite being partly overgrown with weeds. The agreement fell through a month after the purchase was announced. Thus, the $165 million Jack L. Warner estate culminated in Jeff’s real estate binge in February 2020.

Additional assets related to real estate:

  • 2018 saw the acquisition of a $23 million residence in Washington, D.C. A former museum with two
  • Buildings totalling 27,000 square feet of residential space, spread across 300,000 acres in Texas with several ranches
  • 100,000 more acres spread around the nation
  • Manhattan’s 25 Central Park West contains three apartments.
  • $10 million, five-acre property purchased in 1999 in Medina, Washington
  • 2005 acquisition of a $50 million home next door to his Medina property

Net Worth Details And History Of Jeff Bezos

Amazon went public 20 years ago, and Jeff Bezos has sold shares worth at least $70 billion. He participates in a scheduled stock sale arrangement, selling shares valued at approximately $1 billion annually. On the day of its IPO, Amazon had a $3 0 million market capitalization. Jeff had 40% of the business at that time, making him worth $120 million (pre-tax, on paper). In a year, his net worth reached $1 billion. Jeff’s net fortune exceeded $10 billion when the dot-com bubble burst. Amazon’s stock price fell to an all-time low of $5 per share in October 2001 following the fall of the bubble. Jeff’s net worth plummeted to $1–2 billion. In October 2001, if you had been astute enough to invest $10,000 in Amazon shares, you would now own more than $15 million, not including dividends.

Jeff Bezos N t Worth Over Time

June 1997 $150 million

June 1998 $1 billion

June 1999 $10 billion

March 2000 $6 billion

December 2000 $2 billion

September 2001 $1.5 billion

September 2003 $2.5 billion

September 2004 $5.1 billion

September 2005 $4.1 billion

September 2006 $4.3 billion

September 2007 $8.7 billion

September 2008 $8.2 billion

September 2009 $6.8 billion

September 2010 $12.6 billion

September 2011 $18 billion

December 2012 $23.2 billion

October 2013 $29 billion

December 2014 $30.5 billion

July 2015 $50 billion

October 2016 $45 billion

December 2017 $73 billion

July 2018 $150 billion

September 2018 $170 billion

April 2019 $114 billion

July 2020 $190 billion

July 2021 $213 billion

November 2022 $117 billion

November 2023 $170 billion

Conclusion

Jeff Bezos stands as a towering figure in the dynamic world of business and technology. His journey from a visionary entrepreneur to a global icon mirrors the evolution of Amazon and its profound impact on the world. As we reflect on Bezos’ net worth, it becomes evident that his legacy is not merely financial but a testament to innovation, leadership, and the ability to shape the future.

Related Posts

2 thoughts on “Jeff Bezos Net Worth In 2024

  1. Pingback: 50 Cent Net Worth

Leave a Reply

Your email address will not be published. Required fields are marked *