In this article, we are going to discuss some fascinating information about the life of famous billionaire Jeff Bezos, including his age, career, relationship status, family, net worth and income sources. So, read on till the conclusion for more information.
Who Is Jeff Bezos?
Jeffrey Preston Bezos is an American entrepreneur, philanthropist, and space explorer probably best known for founding Amazon.com. Jeff Bezos also serves as its president, chief executive officer, and chairman of the board of Amazon.com.
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.
|Name||Jeffrey Preston Bezos or Jeff Bezos|
|Birth||January 12, 1964, in Albuquerque, New Mexico|
|Profession||Entrepreneur and Founder of Amazon.com|
|Relationship Status||Single (as of August 2022)|
Early Life of Jeff Bezos
Jeff Bezos was born in Albuquerque, New Mexico on January 12, 1964. The U.S. Atomic Energy Commission’s regional director who moved early to the ranch was his grandfather. As a young man, Jeff worked there for several summers.
Bezos frequently showed his interest in science and aptitude for technology; once, he made an electric alarm to keep his younger siblings out of his room.
Jeff attended Miami Palmetto High School and participated in the University of Florida’s Student Science Training Program, winning the Silver Knight Award.
Jeff Bezos’s Career
After earning his degree in computer science from Princeton University in 1986, Jeff started working on Wall Street. He subsequently created a network for international trading for a business called Fitel.
Later, he worked with Bankers Trust and D. E. Shaw & Co., where he focused on internet-enabled business opportunities.
He established Amazon.com in 1994, which first functioned as an online used bookstore. The website’s popularity and the inventory both swiftly increased, and in 1998, Jeff was included in the Forbes 400 list.
To think it all began in Bezos’ house with him selling used books, Amazon has grown to become the largest online retailer in the world, employing over 800,000. Bezos overtook Bill Gates as the richest person in the world in 2018, overtaking him.
His wealth at the time was $150 billion, although this was before he separated from MacKenzie Bezos, his wife. As a result of the divorce, she acquired around $35 billion in Amazon shares, making her one of the richest women in the world. It was recorded as the priciest divorce in history.
What Is Jeff Bezos’s Net Worth?
Jeff Bezos has an estimated net worth of $161 billion as of 2022. Bezos has sold shares in Amazon worth at least $70 billion in the 20 years since the company went public. He engages in organised stock sales every year, selling shares for about $1 billion.
Amazon had a $300 million market cap on the day it went public. Jeff had a net worth of $120 million at the time and owned 40% of the business (on paper, pre-tax). He was worth $1 billion after a year.
When the dot-com bubble was at its height, Jeff’s net worth was over $10 billion. Amazon’s stock price hit an all-time low of $5 per share in October 2001 as the bubble broke. Jeff’s net worth dropped to between $1 and 2 billion at that time.
Inside Jeff Bezos’s Income From Amazon
Jeff holds 55 million shares of Amazon, or around 12 per cent 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.
Who Is Jeff Bezos’s Wife?
From 1993 through 2019, MacKenzie Scott was wed to Jeff Bezos, the creator of Amazon and Blue Origin. She first met him in 1992 while working as his assistant at D. E. Shaw.
After dating for three months in New York, they became engaged, and in 1994 they moved to Seattle, Washington. They have three sons and one daughter, totalling four kids. Their adopted daughter is from China.
Scott received US$35.6 billion in Amazon stock as part of their 2019 community property divorce, while her ex-husband kept 75% of the couple’s Amazon shares.
In April 2019, she rose to become the third-richest lady in the world and one of the richest individuals. With a net worth estimated at $36 billion in July 2020, Scott was rated as the 22nd richest person in the world by Forbes.
Scott was recognised as the richest woman in the world by September 2020, and by December 2020, experts calculated her net worth to be $62 billion.
Frequently Asked Questions
How Old is Jeff Bezos?
Jeff Bezos is 58 years old.
How Many Children Does Jeff Bezos Have?
Jeff Bezos has Four children- three sons and a daughter with MacKenzie Scott.