Jeff Bezos is the founder and CEO of Amazon, and he has created a lot of wealth for himself. From 2018 to 2019, Bezos saw his total net worth increase by $40 billion. He now has a net worth of $131 billion which is more than anyone else in the world.
One way that Bezos earns money is through personal investments. In January of this year, he purchased a four-bedroom house in Washington D.C., which is valued at $23 million.
He is the only man in the world who has a net worth of over $100 billion, yet he doesn’t live like a billionaire. His wealth comes primarily from Amazon stock, which accounts for nearly 60% of his total net worth.
It is easy to compare Jeff Bezos to the top business minds like Bill Gates, Mark Zuckerberg, Larry Elison, Warren Buffet, and of course, Tesla CEO Elon Musk.
New Mexico Roots
In 1964, New Mexico gave birth to one of its most famous citizens. Jeffrey Preston Jorgensen, also known as Jeff Bezos, was born in Albuquerque on January 12th.
The origin of his distinctive surname came from his stepfather. In this article, we will explore the source of the name ‘Bezos’ and how it applies to Jeff Bezos’ life story. The Bezos family is an American success story with a twist.
He went to school at Montessori preschool and later attended Albuquerque Academy, a small private boarding school. His father spent his working days as an engineer for Exxon while his mother was a stay-at-home mom.
The family moved around frequently before settling down in Houston, Texas in 1974.
In 1982 he enrolled at Princeton University, earning degrees in electrical engineering and computer science.
Amazon Chief
One of the most well-known CEOs in the world is Jeff Bezos, CEO, and founder of Amazon. After starting out in his garage in Seattle Washington, Bezos has grown to have a net worth of over $160 billion.
He also has over 100 million customers. Amazon was founded on July 5th, 1994, so this would have been the day that Jeff Bezos was “born.” The company began as an online bookstore but has since grown to include all sorts of products.
Recently, he announced that he will be stepping down as CEO to become executive chairman later in 2021. Andy Jassy is set to fill up his position.
Bezos is still going to have a large part in the company by being its Chairman and helping out with its leadership from behind the scenes.
The First Centibillionaire
So, who is the first centibillionaire? According to Forbes’ wealth index, Bezos is the “richest man in modern history” – his net worth rose to $150 billion in July 2018.
As of August 2020, reports have that there are 2,000 people with a net worth of over $1 billion. And as of 2019, there are 20 people with a net worth of over $100 billion. Jeff Bezos makes approximately $321 million in a day.
The Observer confirms that Bezos earns an estimated $149,353 per minute. This is quite insane compared to what an average US worker earns.
According to CNBC, the median pay for an American is $44,600. That’s just about one-fourth of what Bezos makes each minute.
Blue Origin and Washington Post
Jeff Bezos, the founder of Amazon.com and largest online retailer in the world, also owns Blue Origin that he founded in 2000.
Blue Origin is an aerospace manufacturer and sub-orbital spaceflight services company. The company rockets are designed to launch satellites into space as well as take people on trips into space.”
Blue Origins is a private aerospace manufacturing and sub-orbital spaceflight services company owned by Jeff Bezos, Amazon’s founder and largest online retailer in the world.
And The Washington Post is one of the companies which will benefit from this venture as it is an American newspaper owned by Bezos after he bought it for $250 million in 2013.
The company’s goal is to take people on short trips outside Earth’s atmosphere which are not longer than 90 minutes and might cost up to $200,000 per person.
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