American entrepreneur, media mogul, investor, software developer, and commercial space travel pioneer Jeffrey Preston Bezos was born on January 12, 1964.
He started the company and served as its president and CEO before becoming its executive chairman.
According to Bloomberg’s Billionaires Index and Forbes’s Billionaires List, Bezos has a net worth of over US$159 billion as of August 2022, making him the second-wealthiest person in the world.
Jeff Bezos’ Early Life and Career
In Albuquerque, New Mexico on January 12, 1964, Bezos was born Jeffrey Preston Jorgensen to Jacklyn and Ted Jorgensen. When he was a young child, his parents split up, and his mom went on to marry Miguel Bezos.
Because Miguel became the boy’s adoptive father, he was given the Bezos surname. At an early age, Jeff’s curiosity about the natural world was piqued. His family uprooted and headed south to Miami just as he was ready to start his junior year of high school. He was the top student in his class and even graduated as valedictorian.
While attending Princeton, he discovered his passion for computing, eventually earning a Bachelor of Science in both electrical engineering and computer science.
After finishing college, he could have chosen from a number of desirable positions, but he decided to work for Fitel, a financial technology company. He changed careers and started working in banking, specifically at D.E. Shaw & Co. He joined the company as an associate vice president and left as senior vice president four years later.
Bezos met his future wife while working at D.E. Shaw & Co., and it was there that he conceived the idea for his online bookshop, which he would later name Amazon.
What Is Jeff Bezos’ Net Worth?
American entrepreneur, philanthropist, and space traveler Jeff Bezos is perhaps best known for founding the online retail giant Amazon.com. To name a few of Jeff Bezos’ many titles at Amazon.com, he is the CEO, President, and Chairman of the Board.
In July of 2017, he became the richest person in the world, surpassing Bill Gates for the first time. He was the richest person in the world without interruption between October 2017 and January 2021.
At the time of this writing, Amazon founder Jeff Bezos Is Worth an Estimated $130 Billion.
Jeff holds 55 million shares of Amazon, or around 12% of the total shares outstanding, according to the company’s most recent SEC filing. There was a time when he controlled 80 million shares of Amazon.
As part of his April 2019 divorce deal with MacKenzie Bezos, Jeff handed 19.7 million shares to his ex-wife. These shares were worth around $36 billion at the time of the transfer.
Jeff’s net worth dropped from $150 billion to $114 billion as a result of the settlement. In addition to being an early investor in Google.com before to its initial public offering (IPO), Jeff is the current owner of at least $1 billion in shares of Alphabet Inc.
Is Jeff Bezos the Wealthiest Man in The World?
Jeff’s highest net worth of $200 billion doesn’t even put him in the top 10 of our ranking of the richest people in history once we account for inflation.
If we use the figure of $200 billion, that would be the eleventh highest wealth amassed by a single person (counting inflation). When oil tycoon John D. Rockefeller passed away, he was valued at almost $340 billion after accounting for inflation.
Will Jeff Bezos Reach Billionaire Status?
In this world, anything can happen. But if he plans to become a trillionaire only through his Amazon stock, that’s an ambitious target.
Jeff, who owns 12% of Amazon’s stock, increases in paper value by $120 billion at each $1 trillion mark. The market capitalization of Amazon would need to be greater than $8.3 trillion for Jeff to become a billionaire solely from his shares.
About a year ago, Jeff was captivated by the emerging online. He was looking for an online business opportunity and decided to sell books.
While driving from New York to Seattle, Bezos came up with the idea for Amazon. He established the corporation officially in 1994, with humble beginnings in his garage.
After meeting MacKenzie Tuttle, a novelist and research associate at D. E. Shaw in Manhattan in 1992, Bezos proposed to her the following year and they eventually tied the knot in 1993.
When Bezos established Amazon in 1994, the family uprooted and relocated to Seattle, Washington. The children of Bezos and his ex-wife MacKenzie include three sons and one adopted Chinese daughter.
Neither Bezos nor MacKenzie has spoken publicly about their religious affiliation. According to their public profiles, family histories, and biographical facts, both were probably exposed to Christianity at a young age.
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