How Did Bezos Earn His 177.5 billion USD Net Worth?

Jeff Bezos has a net worth of $177.5 billion, making him the richest person in the world. This number is derived from real-time data provided by Forbes.

Amazon, the world’s largest and most successful online marketplace, was founded by Jeff Bezos, a man of international renown.

Jeff Bezos’s net worth has fluctuated a lot recently, which has fueled speculation about who the richest person in the world is. Jeff, on the other hand, has overtaken Bill Gates as the world’s richest person.

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Early Years

He was born on January 12, 1964, in Albuquerque, New Mexico, to parents who were both teachers.

His grandpa worked for the U.S. Atomic Energy Commission as a regional director in the area before retiring to the ranch early in his career. When Jeff was younger, he spent many of his summers working with him.

Science and technology have long been part of Jeff Bezos’s DNA. He even built an electric alarm to keep his smaller siblings out of the room.

After graduating from Miami Palmetto High School, Jeff attended the University of Florida’s Student Science Training Program, where he earned a Silver Knight Award for his efforts.

Bezos net worth
Bezos net worth

Professional Life

After graduating from Princeton University with a degree in computer technology in 1986, Jeff found a job on Wall Street. After that, he established a global trading network for Fitel, a company he founded.

Later, he worked at Bankers Trust and at D. E. Shaw & Co., a hedge fund company, on Internet-enabled business ideas.

In 1994, he launched Amazon.com, which at the time was a used-book marketplace. The site’s popularity expanded swiftly, and Jeff joined the Forbes 400 list in 1998.

With over 800,000 employees, Amazon has grown into the world’s largest online retailer, and to think it all began with Bezos’ home business selling used books.

In 2018, Bezos overtook Bill Gates as the richest man on the planet.

Before his divorce from MacKenzie Bezos, he had a net worth of $150 billion; however, this was prior to the split. After the divorce, she got almost $35 billion in Amazon shares, making her one of the world’s wealthiest women.

As far as divorces go, it was the most expensive one ever. Jeff Bezos’ net worth is estimated to be $177.5 billion as of 2022.

Spending Pattern

Jeff Bezos is the richest person on the planet. The value of his Medina mansion is estimated at $25 million. Gates, the world’s second-richest man, is one of the neighbors.

According to Wealth-X, Bezos’ three Central Park West apartments in Manhattan’s Century skyscraper are valued at least $17 million.

 

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According to the Seattle Times, beginning in 2013, Bezos funded the rescue of “the remains of several Apollo booster-rocket engines from the bottom of the Atlantic Ocean 14,000 feet down.”

Poplar Glen, his holding business, possesses a top-of-the-line private jet worth $65 million. For example, the company has invested in companies like Basecamp, Juno Therapeutics, Workday, and Twitter.

At least $880 million is the projected worth of Bezos’ interest in Bezos Expeditions, based on Wealth-X estimates.

It has been reported that Amazon CEO Jeff Bezos donated $35 million to the Fred Hutchinson Cancer Research Center in Seattle in 2017. The Reporters Committee for Freedom of the Press also received a $1 million donation from Amazon CEO Jeff Bezos.

Highlights

Here are a few of Jeff Bezos’ most notable achievements:-

  • Founded Amazon (1994)
  • Makes the Forbes 400 List (1998)
  • Founds Blue Origin (2000)
  • Dot Com bubble bursts (2001)
  • Launches Amazon Web Services (2006)
  • Launches Amazon Studios (2010)
  • Buys the Washington Post for $250 million (2013)
  • Overtakes Warren Buffett as 2nd richest (2016)
  • Becomes Richest Man in the World (2018)

Famous Quotes

“You have to be willing to be misunderstood if you’re going to innovate.” – Jeff Bezos

“One of the only ways to get out of a tight box is to invent your way out.” – Jeff Bezos

“I knew that if I failed I wouldn’t regret that, but I knew the one thing I might regret is not trying.” – Jeff Bezos

“A company shouldn’t get addicted to being shiny because shiny doesn’t last.” – Jeff Bezos

“If you do build a great experience, customers tell each other about that. Word of mouth is very powerful.” – Jeff Bezos

“If you don’t understand the details of your business you are going to fail.” – Jeff Bezos

Three Learnings

  •  Prepare yourself to fail

Initially, Bezos had no idea that Amazon.com would be so successful. In those days, online business was still in its infancy, and its safety was in question. Even though Bezos realized he would likely fail in his endeavor, he decided to take the leap of faith.

His attitude, on the other hand, paid off enormously.

  •  Invest in the Long Term

Amazon’s founder, Jeff Bezos, warned early investors that the company wouldn’t make money for several years.

When it comes to becoming lucrative, you have to work your way to the top the same way Bezos did, which entails having a long-term vision and sticking with the plan.

  •  Begin Small, Then Expand Your Horizons

To begin, Amazon sold books. The foundation of the online empire was humble and straightforward. Amazon, on the other hand, carries a staggering array of products.

Start with what you know, then branch out and learn new things!

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