Who does not know Amazon? It is an e-commerce which is now very popular. Jeff Bezos is someone behind it. Jeff Bezos founded Amazon in 1994 out of his garage in Seattle. How much is Jeff Bezos net worth for now after he has operated his business for years? Let’s find out about it here.
Net Worth of Jeff Bezos
According to Forbes website as of April 12, 2021 the net worth of Jeff Bezos is $196.8 billion. With the net worth that he has, between October 2017 and January 2021, Jeff Bezos became the richest person in the world without interruption. Jeff has 58 millions shares of Amazon according to the most recent SEC filing. It is roughly 12% of the total shares outstanding. He had 80 million shares of Amazon at his peak.
During most of the 2000s, even he was not in the top 10 or top 20 of the richest people in the world. The stock of Amazon started to sky rocket in late 2014. According to Celebrity Net Worth, in July 2015, the net worth of Jeff was $50 billion. And then, in under two years, his net worth and also the stock increased significantly.
On July 27th, 2017, Jeff Bezos could take over Bill Gates as the richest person on the planet. Amazon market cap reached $1 trillion in September 2018. It was before he divorced so that at this time he still had 80 million shares. With the shares that he had, the net worth of Jeff Bezos at that time was $170 million and it topped all-time highs.
How Jeff Bezos Started Amazon
Jeff Bezos graduated in 1988. He got lucrative job offers from Intel and other tech firms. Even though he got some offers, but he denied them. Instead, he began fintech telecommunication business, Fitel.
He moved to the banking field. At Bankers Trust, he was a product manager. In 1990, he left the job and then he decided to join D.E. Shaw & Co. hedge fund. In 1993, he left the hedge fund. He did it to start Amazon in his garage. At first, Jeff intended Amazon to be an online bookstore. But then, it became the store where everyone can buy almost everything.
From a store in his garage, then it becomes a giant business, Amazon. In 2019, the base salary of Jeff was roughly $81,840. It is the same amount that he has been earning since 1998. In 2019, he also got $1.6 million. Totally, the annual income of Jeff Bezos in 2019 was around $1.7 million. It was his annual compensation for several years.
The Amount of Money Made by Jeff Bezos Every Second
After you know the net worth of Jeff Bezos, then you may wonder about the amount of money that he makes every second. Inquirer.Net tried to calculate it by getting data which was from his annual earnings or his net worth increase.
In 2019, Jeff Bezos earned yearly income $1,681,840 in total. It means that he earned around $140,153 per month and $5,005 per day. So, every second, he could earn approximately $0.058 in 2019.
In 2020, exactly on August 12, 2020, his net worth increased by $67.4 billion. So, based on this data, Jeff Bezos made about $321 million daily or around $3,715 per second.
Jeff earns almost $149,353 per minute according to Observer. For your information, the median US worker earns $19.33 per hour and this date is based on the Economic Policy Institute.
If we compare to American man in the average who has bachelor’s degree, usually an American man will earn around $2.19 million in his lifetime. And Jeff Bezos can get around 2 million in under 15 minutes. How amazing it is.
Early Life of Jeff Bezos
On January 12, 1964, Jeff Bezos was born in Albuquerque, New Mexico. Bezos grew up in Texas. He used his parents’ garage as a laboratory for science projects that he had. He spent summers working at his grandparent’s ranch. There, Jeff has learned work ethic.
Then, the family moved to Miami. It was around the time Jeff was getting into high school. When he was in high school, he worked as a short order cook at McDonald’s.
He attended Princeton University with a plan to study physics. However, he loved computers so that he shifted his studies. He graduated summa cum laude with a 4.2 GPA, Phi Beta Kappa. The degree that he earned is a Bachelor of Science degree in computer science and electrical engineering.
After graduating from college, then he went to work for a financial technology company, Fitel. Then, he moved to the banking industry and he became a product manager at Bankers Trust. He was hired as a financial analyst for D.E. Shaw and Co. in 1990. Jeff worked at D.E. Shaw until 1994. At that time, he had risen to the fourth senior vice president in the company.
Several Things That Jeff Bezos Do with His $196.8 Billion
If you have a newt worth $196.8 billion, what will you do? Well, with this net worth, Jeff Bezos can buy the things below.
- Buying more than 60,000 Bugatti Chirons
The price of each Bugatti Chiron is $3 million. So, with the net worth that he has, he can buy more than 60,000 Bugatti Chirons.
- Buying Larry Ellison’s Private Island more than 600 times
There are a lot of millionaires who can afford a private island. Larry Ellison, Lanai is very special. Theoretically, Bezos can afford it hundreds of times over.
- Ending Hunger in the US
With the net worth that he has, Bezos can end hunger in the United States. Ceo of Hunger Free America, Joel Berg, in 2016 estimated that ending hunger in the country costs $25 billion.
- Building 19 James Webb Space Telescopes
The James Webb Space Telescope is taking longer than expected. It is also a way over budget at $10 billion.
- Buying 23% of Tesla
Bezos can take a major stake in the other guy’s company. As of February 8th, the market cap is $818 billion.