Jeff Bezos is one of the world’s richest people. He started Amazon and used to be the CEO of the company. Amazon is one of the biggest online stores in the world.
In recent years, Bezos has become a well-known name because of his huge wealth, charitable work, and public divorce. In this article, we’ll take a closer look at Jeff Bezos’ net worth, how he made his money and some of the things that affect his finances.
Early Life and Childhood
Jeff Bezos was born in 1964 in Albuquerque, in the state of New Mexico. He went to Princeton University and got degrees in computer science and electrical engineering. After college, Bezos worked in different jobs on Wall Street, such as making software and being the youngest vice president at the investment bank D. E. Shaw & Co.
Bezos quit his job in 1994 to start Amazon, an online bookstore. At first, the company only sold books, but it quickly grew and now sells a wide range of items. With a market capitalization of more than $1 trillion, Amazon is now one of the most valuable companies in the world.
What is Jeff Bezos’ Net Worth?
Jeff Bezos has a net worth of about $127 billion, which makes him one of the richest people in the world. His ownership stake in Amazon, which is worth billions of dollars, makes up a big part of his wealth. Forbes says that after Elon Musk, Bezos is the second richest person in the world.
Jeff Bezos was the founder and former CEO of Amazon. Compared to how much money he has, his salary was not very high. His base salary in 2020 was $81,840, and he didn’t get a bonus. But as part of his compensation, Bezos also gets a large number of Amazon shares, which have grown in value a lot over the years.
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Could Jeff Bezos Become a Trillionaire?
Anything can happen! But if he just wants to become a trillionaire through his Amazon shares, it seems like a very high goal.
Jeff owns 12% of Amazon’s shares, which means that he is worth, on paper, $120 billion for every $1 trillion market cap. In other words, for Jeff to become a billionaire based only on his Amazon shares, the market value of the company would have to be more than $8.3 trillion.
Real Estate And Assets
Jeff and MacKenzie bought a mansion in Beverly Hills, California, for $24.5 million in 2007. It was on 2 prime acres and had a pool. They bought the house next door for $12.9 million in 2018.
As part of their 2019 divorce settlement, MacKenzie got these two homes, which are now one big house. In August 2022, MacKenzie said that she had given the properties to the California Community Foundation, which is a charity. At the time of the donation, the total value of the two properties was about $55 million.
On February 12, 2020, it came out that Jeff had bought two properties in Beverly Hills for $255 million. The Jack L. Warner estate, which was the first property, cost $165 million.
The estate is on 10 beautiful acres in the middle of Beverly Hills. The main house is 13,600 square feet. David Geffen, a big name in the entertainment business, was the one who sold the property. He bought it for $47.5 million in 1990.
The second property that Bezos was said to have bought in February 2020 was Enchanted Hill, a 120-acre hilltop that was empty. The land was bought for $20 million in 1997 by the estate of late Microsoft founder Paul Allen.
Even though the property is mostly full of weeds, it does have a 1.5-mile driveway and a well-kept bluff at the top. A month after the news of the purchase came out, the deal fell through. So the $165 million Jack L. Warner estate was Jeff’s last piece of real estate in February 2020.
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Divorce and Wealth Transfer
Jeff Bezos and his wife, MacKenzie Scott, said that they were getting a divorce in 2019. As part of the divorce deal, Scott got 25% of the couple’s Amazon shares, which at the time were worth about $36 billion. Since then, Scott has become one of the richest women in the world, and she has given billions of dollars to charities and other good causes.
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