Jeff Bezos Net Worth 2021: Income, Career, Assets & Biography

Jeff Bezos Net Worth 2021: Income, Career, Assets & Biography

 

Have you ever wondered what makes Jeff Bezos net worth? Have questions like how much has Jeff Bezos invested to become a billionaire puzzled you? Well, we have been dealing with the same questions lately and have finally got to the answer as to what is the net worth of Jeff Bezos in 2021.

The Forbes 400 lists out the definition of net worth of Jeff Bezos based on their wealth, profiling and ranking and gives us a definite reason and number of the richest people of the world. Counted as one of the wealthiest people, it is often asked how it feels like to earn such colossal wealth. If you want a clear affluence of these billionaires, you should read further.

Not born with a silver spoon, about 90 percent of these billionaires have had humble beginnings and are known for their gradual growth transitioning from lucrative jobs to a business serving them riches. Even during the economic downturns, these billionaires have managed their money in the best way to be able to become a figure where common man’s discussion involves their net worth.

Super-glued to the headlines, the Jeff Bezos net worth is also determined by their source and philanthropy score. Mind you, the Jeff Bezos net worth is not increased by just running one business but by investing in many others along the way. For instance, in 2002, Jeff Bezos founded Blue Origin (after Amazon), which is a human spaceflight startup that he had long expressed his interest in.

Who is Jeff Bezos?

Jeffrey Preston Bezos (/ˈbeɪzoʊs/ BAY-zohss; né Jorgensen; born January 12, 1964) is an American internet entrepreneur, industrialist, media proprietor, and investor. Bezos is the founder and CEO of the multi-national technology company Amazon. He is the richest person in the world according to the Forbes Real-Time Billionaires ranking.

Born in Albuquerque and raised in Houston and later Miami, Bezos graduated from Princeton University in 1986. He holds a degree in electrical engineering and computer science. He worked on Wall Street in a variety of related fields from 1986 to early 1994. Bezos founded Amazon in late 1994, on a cross-country road trip from New York City to Seattle. The company began as an online bookstore and has since expanded to a wide variety of other e-commerce products and services, including video and audio streaming, cloud computing, and artificial intelligence. It is currently the world's largest online sales company, the largest Internet company by revenue, and the world's largest provider of virtual assistants and cloud infrastructure services through its Amazon Web Services branch.

Bezos founded the aerospace manufacturer and sub-orbital spaceflight services company Blue Origin in 2000. Blue Origin's New Shepard vehicle reached space in 2015, and afterwards successfully landed back on Earth. The company has upcoming plans to begin commercial suborbital human spaceflight. He also purchased the major American newspaper The Washington Post in 2013 for $250 million, and manages many other investments through his Bezos Expeditions venture capital firm.

The first centibillionaire on the Forbes wealth index, Bezos was named the ""richest man in modern history"" after his net worth increased to $150 billion in July 2018. In August 2020, according to Forbes, he had a net worth exceeding $200 billion. In 2020 during the COVID-19 pandemic, Bezos's wealth grew by approximately $24 billion.

On February 2, 2021, Bezos announced that he would step down as the CEO of Amazon sometime in the third quarter of 2021, and transition into the role of executive chairman. He is due to be replaced as CEO by Andy Jassy, the chief of Amazon's cloud computing division.

Jeff Bezos Net Worth Today / Real Time

Jeff Bezos Net Worth - $185.1 B 

• Jeff Bezos founded e-commerce giant Amazon in 1994 out of his garage in Seattle. He will step down as CEO and become executive chairman in late 2021.
• Between March and April 2020, amid the pandemic, Amazon said it hired 175,000 additional workers.
• In April 2020, Bezos said he would give $100 million to Feed America, a nonprofit that operates food banks and food pantries across the country.
• Amazon has faced criticism from U.S. senators and the general public for its treatment of warehouse workers during the coronavirus pandemic.
• He divorced his wife MacKenzie in 2019 after 25 years of marriage and transferred a quarter of his Amazon stake to her.
• In 2019, Amazon notched $280.5 billion in revenues and a record $11.5 billion in net profit.
• Bezos owns The Washington Post and Blue Origin, an aerospace company that is developing rockets for commercial use.

Jeff Bezos Net Worth 2021 in Different Currencies

1. Jeff Bezos Net Worth 2021 in Dollar: $185.1 B
2. Jeff Bezos Net Worth in Australian Dollar: 243.363 B Australian Dollar
3. Jeff Bezos Net Worth 2021 in Indian Rupees: 13.589 Trillion INR
4. Jeff Bezos Net Worth in Rands: 2.716 Trillion South African Rand
5. Jeff Bezos Net Worth in Millions: $185.1 B
6. Jeff Bezos Net Worth in Billions: $185000 M

Jeff Bezos Net Worth Over the Last 5 Years

Jeff Bezos net worth and wealth has changed drastically over the last 5 years. We have accumulated the data of net worth of Jeff Bezos for the year 2017, 2018, 2019, 2020 & 2021 below:

1. Jeff Bezos Net Worth in 2021: $185.1 B
2. Jeff Bezos Net Worth in 2020: $ 183 B
3. Jeff Bezos Net Worth in 2019: $ 114 B
4. Jeff Bezos Net Worth in 2018: $ 112 B
5. Jeff Bezos Net Worth in 2017: $ 72.8 B

Jeff Bezos Assets

Bezos purchased three apartments overlooking Madison Square Park, Manhattan, which also includes a penthouse for $80 million in June 2019, making one of the expensive real estate purchases. Further in February 2020, he purchased the Warner Estate for $165 million in Los Angeles. During the pandemic, COVID-19  Bezos’s fortune had grown by $24billion. From real estate to the space sector, Bezos knew how to invest his money. He also has substantial holdings in shares of prominent companies.

The company share price reflects this phenomenal growth. Jeff Bezos has owned about 15.1% of the Two-decade old company, thereby making it the largest source of wealth. Thus Bezos ranks second richest person on Earth today.

Jeff Bezos Income / Investments

Early career

After Bezos graduated college in 1986, he was offered jobs at Intel, Bell Labs, and Andersen Consulting, among others. He first worked at Fitel, a fintechtelecommunications start-up, where he was tasked with building a network for international trade.^[43] Bezos was promoted to head of development and director of customer service thereafter. He transitioned into the banking industry when he became a product manager at Bankers Trust. He worked there from 1988 to 1990. He then joined D. E. Shaw & Co, a newly founded hedge fund with a strong emphasis on mathematical modelling in 1990 and worked there until 1994. Bezos became D. E. Shaw's fourth senior vice-president at age 30.

Amazon

Bezos (center) at a cooperative for robotics in 2005

In late 1993, Bezos decided to establish an online bookstore. He left his job at D. E. Shaw and founded Amazon in his garage on July 5, 1994, after writing its business plan on a cross-country drive from New York City to Seattle. Prior to settling on Seattle, Bezos had investigated setting up his company at an Indian reservation near San Francisco in order to avoid paying taxes. Bezos initially named his new company Cadabra but later changed the name to Amazon after the Amazon River in South America, in part because the name begins with the letter A, which is at the beginning of the alphabet.^[49] He accepted an estimated $300,000 from his parents and invested in Amazon.^[47] He warned many early investors that there was a 70% chance that Amazon would fail or go bankrupt.^[50] Although Amazon was originally an online bookstore, Bezos had always planned to expand to other products. Three years after Bezos founded Amazon, he took it public with an initial public offering(IPO). In response to critical reports from Fortune and Barron's, Bezos maintained that the growth of the Internet would overtake competition from larger book retailers such as Borders and Barnes & Noble.

In 1998, Bezos diversified into the online sale of music and video, and by the end of the year he had expanded the company's products to include a variety of other consumer goods. Bezos used the $54 million raised during the company's 1997 equity offering to finance aggressive acquisition of smaller competitors. In 2000, Bezos borrowed $2 billion from banks, as its cash balances dipped to only $350 million. In 2002, Bezos led Amazon to launch Amazon Web Services, which compiled data from weather channels and website traffic. In late 2002, rapid spending from Amazon caused it financial distress when revenues stagnated. After the company nearly went bankrupt, he closed distribution centers and laid off 14% of the Amazon workforce. In 2003, Amazon rebounded from financial instability and turned a profit of $400 million. In November 2007, Bezos launched the Amazon Kindle.According to a 2008 Time profile, Bezos wished to create a device that allowed a ""flow state"" in reading similar to the experience of video games. In 2013, Bezos secured a $600 million contract with the Central Intelligence Agency (CIA) on behalf of Amazon Web Services. In October of that year, Amazon was recognized as the largest online shopping retailer in the world.

Blue Origin

 

Bezos giving NASA Deputy Administrator Lori Garver (fourth from left) a tour of Blue Origin's crew capsule in 2011

 

U.S. Secretary of Defense Ash Carter meets with Bezos in 2016 at The Pentagon

In September 2000, Bezos founded Blue Origin, a human spaceflight startup. Bezos has long expressed an interest in space travel and the development of human life in the solar system. He was the valedictorian when he graduated from high school in 1982. His speech was followed up with a Miami Herald interview in which he expressed an interest to build and develop hotels, amusement parks, and colonies for human beings who were in orbit. The 18-year-old Bezos stated that he wanted to preserve Earth from overuse through resource depletion.

After its founding, Blue Origin maintained a low profile until 2006 when it purchased a large tract of land in West Texas for a launch and test facility. After the company gained the public's attention during the late 2000s, Bezos additionally indicated his interest in reducing the cost of space travel for humans while also increasing the safety of extraterrestrial travel. In September 2011, one of the company's unmanned prototype vehicles crashed during a short-hop test flight. Although the crash was viewed as a setback, news outlets noted how far the company went from its founding-to-date in advancing spaceflight.^[90]After the crash, Bezos has been superstitiously wearing his ""lucky"" Texas Cowboy boots to all rocket launches. In May 2013, Bezos met with Richard Branson, chairman of Virgin Galactic, to discuss commercial spaceflight opportunities and strategies. He has been compared to Branson and Elon Musk as all three are billionaires who prioritize spaceflight among their business interests.

In 2015, Bezos announced that a new orbital launch vehicle was under development and would make its first flight in the late-2010s. Later in November, Blue Origin's New Shepard space vehicle successfully rocketed into space and reached its planned test altitude of 329,839 feet (100.5 kilometers) before executing a vertical landing back at the launch site in West Texas. In 2016, Bezos allowed select journalists to visit, tour, and photograph his facility.^[95] He has repeatedly called for increased inter-space energy and industrial manufacturing to decrease the negative costs associated with business-related pollution.

In December 2017, New Shepard successfully flew and landed dummy passengers, amending and pushing its human space travel start date into late 2018. To execute this program, Blue Origin built six of the vehicles to support all phases of testing and operations: no-passenger test flights, flights with test passengers, and commercial-passenger weekly operations. Since 2016, Bezos has spoken more freely about his hopes to colonize the solar system, and has been selling US$1 billion in Amazon stock each year to capitalize Blue Origin in an effort to support this endeavor. In May 2018, Bezos maintained that the primary goal of Blue Origin is to preserve the natural resources of Earth by making the human species multi-planetary. He announced that New Shepard would begin transporting humans into sub-orbital space by November 2018. In July 2018, it was announced that Bezos had priced commercial spaceflight tickets from $200,000 to $300,000 per person.

 

Jeff Bezos Career

In 1992, Bezos was working for D. E. Shaw in Manhattan when he met novelist MacKenzie Tuttle, who was a research associate at the firm; the couple married a year later. In 1994, they moved across the country to Seattle, Washington, where Bezos founded Amazon. Bezos and his now ex-wife MacKenzie are the parents of four children: three sons, and one daughter adopted from China.

In March 2003, Bezos was one of three passengers in a helicopter that crashed in West Texas after the craft's tail boom hit a tree. Bezos sustained minor injuries and was discharged from a local hospital the same day.

In 2016, Bezos played a Starfleet official in the movie Star Trek Beyond, and joined the cast and crew at a San Diego Comic-Conscreening. He had lobbied Paramount for the role apropos of Alexa and his personal/professional interest in speech recognition. His one line consisted of a response to an alien in distress: ""Speak Normally."" In his initial discussion of the project which became Alexa with his technical advisor Greg Hart in 2011, Bezos told him that the goal was to create ""the Star Trek computer."" Bezos' family office Zefram LLC is named after Zefram Cochrane a character from Star Trek.

On January 9, 2019, Bezos and MacKenzie announced on Twitter their intent to divorce after a ""long period"" of separation. On April 4, 2019, the divorce was finalized, with Bezos keeping 75% of the couple's Amazon stock and MacKenzie getting the remaining 25% ($35.6 billion) in Amazon stock. However, Bezos would keep all of the couple's voting rights.

On February 7, 2019, Bezos published an online essay in which he accused American Media, Inc. owner David Pecker of ""extortion and blackmail"" for threatening to publish intimate photos of Bezos and Lauren Sánchez, if he did not stop his investigation into how his text messages and other photos had been leaked to the National Enquirer.

Interesting Facts About Jeff Bezos

• Back in 2010, Bezos almost shut down Amazon's email marketing because customers were embarrassed by receiving emails related to personal lubricants after viewing them on the official Amazon website.
• A good thing about Amazon CEO Jeff Bezos is that he takes customer service very seriously. He lets customers email him directly. If he finds an actual problem, he forwards the email to relevant Amazon employees with a single note: ? The employee will then need to fix the problem and immediately explain why it occurred in the first place.
• Jeff Bezos has always been a space nerd. In fact, in his high school valedictorian speech, Amazon CEO described “his dream of saving humanity by creating permanent colonies in orbiting space stations while turning the planet into an enormous nature preserve.” This explains the reason behind introducing Blue Origin, his private rocket ship company. Post resigning as Amazon CEO Bezos will have more time to spend on Blue Origin.
• Let's start with his childhood. Did you know at the age of 3, Jeff Bezos took apart his crib with a screwdriver because he wanted to sleep in a real bed.

Conclusion

The more fascinating fact while reading about the net worth of these affluences is that now more women are part of the listing and in the past few years, they have grown by 46 per cent which is more than the percentage of males.

Now with the rising net worth of these guys, the only question grappling us is, “who is going to be the first trillionaire?” Well, the answer to this could be deduced based on the net worth of top billionaires like Jeff Bezos or Elon Musk who have pretty impressive track records and could be based on taking the average percentage of yearly growth over the past five years and applying it to future years.