Jeff Bezos Net Worth 2024: Business, Assets, Income, Salary

Jeff Bezos Net Worth is $186 Billion (Approx. Rs 13.45 lakh crore). Jeffrey Preston Bezos, commonly known as Jeff Bezos is an American entrepreneur, industrialist, investor, and a media proprietor. He was born on January 12, 1964, in Albuquerque, New Mexico, son of Jacklyn and Theodore Jørgensen. In 1993 Bezos married Mackenzie Tuttle, whom he had met at D.E. Shaw. While Bezos was in high school, he worked at McDonalds as a short-order line cook. Bezos has done his graduation from Princeton University. Also read Net Worth details of  Mark Zuckerberg, Bill Gates Net Worth, Anil Ambani, Mukesh Ambani, Ratan Tata Net Worth and Sundar Pichai.

About

Jeff Bezos is an Electrical Engineer and also holds a degree in Computer Science. Bezos after his graduation worked at several firms on Wall Street. He first worked at Fitel, a tele-communication start-up. He later moved to banking industry where he became the product manager at Bankers Trust. He then joined D.E.Shaw & Co.a hedge fund with a strong emphasis on mathematical modeling. In 1994, he left his job and targeted the internet market by opening an online bookstore.

Bezos initially named his company Cadabra but later changed to Amazon. He is the founder and CEO of the multi-national technology company ‘Amazon’, owner of The Washington Post and Founder of space Exploration company Blue Origin. He opened Amazon.com, which is named after the South American River. The company ‘Amazon’ initially began as an online bookstore and lately expanded to a variety of the e-commerce products and services which also includes artificial intelligence, cloud computing. Amazon.com went public in 1997 and within two years became an E-commerce leader. The company provides its services through its Amazon Web Services.

Jeff Bezos Net Worth

As on February 23rd, The net worth of Jeff Bezos is estimated to be around $ 186 billion which in Indian Currency is approximately equal to Rs 13.45 lakh crore, making him not only among the richest people but wealthier than anyone else. In the year 1997, Bezos became a millionaire after raising $54 million through Amazon’s Initial Public Offer. His name was first included On the Forbes World’s Billionaires list in the year 1999.

Amazon.com opens 24 hours and is an user friendly site. In 1998 he diversified into online sale of music and further added videos. It was the success of Amazon that encouraged other retailers and book chains to establish online store. As competition grew, Bezos felt the need to expand and offered vast range of products, including apparel, electronics and hardware. Presently Amazon is the world’s largest online sales company.

Bezos net worth decreased to $ 6.1 billion after a year. His wealth further dropped in the coming years. From 2005 to 2007, his net worth increased to $ 8.7billion.In the year 2010 his net worth was $ 12.6 billion. Further in the year 2014, his net worth rose to $30.5 billion. He became the 5^th richest person in the world. His net worth rose to $45.2 billion in March 2016 and within few months  he gained $16.2 bilion, which led to a total worth of $66.5 billion in October 2016. In July 2017 due to rise in Amazon share price, he backed off Microsoft founder Bill Gates.

Bezos was officially designated as the wealthiest person in the world with registered net worth of $ 112 billion on 6^th March, 2018. Bezos is considered the first registered centi-billionaire. On 17^th July, 2018, Bloomberg Billionaires Index designated him as the Wealthiest person in modern history. But in 2019 Bezos’s net worth reduced after his divorce from his wife MacKenzie Bezos.

Jeff Bezos Net Worth Milestone

Recognition

• Bezos received his first major award in 1999 when Time named him as Person of the Year.
• He was awarded an Innovation Award for the Amazon Kindle in the year 2011.
• In March 2018,at the Explorers Club he was awarded with Buzz Aldrin Space Exploration Award in recognition of his work with Blue Origin.

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 2024, 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.

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