Jeff Bezos Net Worth – A billionaire Businessman

Jeff Preston Bezos is an American investor, media owner, and businessperson. Amazon is the largest e-commerce and cloud computing company in the world. He is the founder, executive chairman, and former president and CEO of the company. 

Bezos grew up in Miami and Houston after being born in Albuquerque. In 1986, he earned degrees in computer science and electrical engineering from Princeton University. From 1986 to the beginning of 1994, he worked on Wall Street in several related fields.

Who is the richest person in the world? Bernard Arnault is the richest person in the world, and Jeff Bezos is the world's second richest person. He was also the richest person from 2017 to 2021, according to Forbes.

While travelling from New York City to Seattle in the middle of 1994, Bezos started Amazon. Cloud computing, artificial intelligence, streaming audio and video, and other e-commerce products and services have all been added to the company's portfolio since its start as an online bookstore. It is the biggest online retailer in the world, the most extensive Internet business in terms of income, and the biggest supplier of virtual assistants and cloud infrastructure services via its subsidiary Amazon Web Services.

Jeff Bezos Net Worth 2024

Is Jeff Bezos a millionaire or billionaire?

Jeff Bezos has net worth in billions. As of 2024, Jeff Bezos net worth is estimated to be $205 billion. He is the second wealthiest person in this world.

Amazon founder Jeff Bezos's enormous wealth has been overtaken by Elon Musk's net worth, following their game of leapfrog earlier this month. Jeff Bezos passed Elon Musk in March after selling 50 million Amazon shares for an estimated $8.4 billion. Bezos sold Amazon stock for the first time since 2021 with those sales.

Bezos started with a net worth of $32.0 billion in 2014, but as Amazon gained recognition in online sales and AWS gained fame in cloud computing, his wealth gradually increased. Significant achievements like Amazon's development push into unfamiliar areas and creativity have all directly impacted Bezos's net worth.

Jeff Bezos Family Personal Life

Who is Jeff Bezos married to? Bezos met novelist MacKenzie Tuttle, a research associate at D. E. Shaw in Manhattan, in 1992 while he was employed there; the two were married a year later. They went to Seattle, Washington 1994, where Bezos started Amazon. Jeff Bezos wife and he have four children: a daughter adopted from China and three sons.

After 25 years of marriage, Bezos and his wife Mackenzie announced their planned divorce in a joint statement in January 2019. 

Who is Jeff Bezos girlfriend? The National Enquirer later revealed that Bezos had an affair with media personality Lauren Sanchez, which had continued for several months.

Later, on February 7, 2019, Bezos wrote an essay for the Internet in which he accused David Pecker, the owner of American Media, Inc., of "extortion and blackmail" for threatening to release private images of Jeff Bezos girlfriend, Lauren Sánchez, if he didn't stop his investigation into how his other photos and text messages had been leaked to the National Enquirer.

Jess Bezos parents are Jackie Bezos (dad) and Ted Jorgensen (mother).

Early Life and Career

Where was Jeff Bezos born? Jeff Bezos born on January 12, 1964, in Albuquerque and raised in Houston and Miami. Early on, Bezos showed his curiosity about how things worked by wiring electrical devices across his childhood home and converting his parents' garage into a laboratory. 

As a youngster, he and his family relocated to Miami, where he fell in love with computers and graduated from high school as valedictorian. He launched his first company, the Dream Institute, an educational summer camp for students in the fourth, fifth, and sixth grades while still in high school.

Jeff Bezos Education: Bezos received offers from several companies, including Bell Labs, Andersen Consulting, and Intel, when he graduated in 1986. His first job was at a financial start-up company called Fitel, where he was in charge of creating a network for global trading. Afterwards, Bezos was promoted to director of customer service and head of development.

From 1988 until 1990, he worked as a product manager at Bankers Trust, when he moved into the banking sector. Then, from 1990 to 1994, he worked for D. E. Shaw & Co., a recently established hedge fund focused on mathematical modelling. At age 30, Bezos was appointed as D. E. Shaw's fourth senior vice president.

Jeff Bezos Business Career

How did Jeff Bezos start Amazon? 

After learning that web usage was increasing at 2300% annually in the spring of 1994, Bezos decided to launch an online bookshop. On July 5, 1994, he and his then-wife, MacKenzie Scott, quit their positions at D. E. Shaw and launched Amazon in a rented garage in Bellevue, Washington. 

They wrote the company's business plan during their cross-country trip from New York City to Seattle. The groundwork was set for this garage-run business to multiply, with Bezos at the helm and Scott playing a crucial role in its operation - writing checks, keeping track of the books, and negotiating the company's initial delivery contracts.

Bezos launched Amazon through an IPO three years after he created the company. Bezos insisted that the expansion of the Internet would surpass competition from more prominent book retailers like Borders and Barnes & Noble in reaction to adverse findings from Fortune and Barron.

Blue Origin

Bezos established the maintained spaceflight firm Blue Origin in September 2000. Bezos has always been interested in space exploration and solar system life development.

After its founding, Blue Origin stayed under the radar until 2006, when it obtained a sizable plot of land in West Texas for a testing and launch complex. Following the company's public debut in the late 2000s, Bezos also showed interest in lowering the price of human spaceflight while improving the safety of extraterrestrial travel.

Washington Post

On August 5, 2013, Bezos revealed that he would be paying $250 million in cash to buy The Washington Post, an idea put forth by his buddy Don Graham. He formed Nash Holdings, a limited liability corporation, to carry out the sale and act as the holding company through which he would own the newspaper.

Jeff Bezos Real Estate

Madina Washington: Bezos has two properties in Medina valued at over $50 million, which are close to Amazon's Seattle headquarters. These residences by Lake Washington cover almost five acres.

Beverly Hills, California: He purchased a Spanish-style property in Beverly Hills for $24.45 million in 2007 and also owns a house next door that he got for $12.9 million.

New York: In 2019, Bezos purchased three Manhattan skyscraper apartments, combining them into a vast penthouse valued at over $80 million.

Washington, D.C: Having purchased the land for $23 million, he converted the former Textile Museum into his house. It's one of the city's largest private homes.