Since it peaked at $210 billion last year when he was the richest man on the planet, the Amazon founder’s fortune has plummeted. Although he and MacKenzie Scott, his college sweetheart, are divorcing in 2019, the couple agreed to split his Amazon stock as part of the settlement.
According to Forbes, Scott’s net worth was reduced by $6 billion to $36.8 billion as a result of Friday’s Amazon stock market disaster.
Early Life & Career
Bezos was born Jeffrey Preston Jorgensen to Jacklyn and Ted Jorgensen on January 12, 1964, in Albuquerque, New Mexico. His parents divorced when he was a toddler, and his mother married Miguel Bezos.
Miguel adopted the boy, who then took on the surname Bezos. Jeff grew up in Houston and had a keen interest in science. When he was about to enter high school, his family moved to Miami. He was an excellent student and was the valedictorian.
He fell in love with computer science while at Princeton University and graduated with a B.S. in electrical engineering and computer science in 1986.
Upon graduation, he had the pick of many plum opportunities, but he chose to work for Fitel, a financial technology firm. He migrated into banking and got a job at the hedge fund D.E. Shaw & Co. By the time he left the firm four years later, he had ascended to the position of senior vice president.
It was at D.E. Shaw & Co. that Bezos met his future wife and got the idea to transition to using the world wide web for his next business venture — an online bookstore he named Amazon.
After Amazon’s stock plummeted following a dismal earnings report, Jeff Bezos’ fortune was sliced by $20 billion on Friday, putting him in third place among the world’s wealthiest people.
According to Forbes, Jeff Bezos’ net wealth as of Friday was $150 billion, down from $170.5 billion the previous day.
Bezos is now the third richest person in the world, trailing only Bernard Arnault, a French luxury goods entrepreneur with a net worth of $157.7 billion, according to Forbes.
According to Forbes, Tesla CEO Elon Musk has a net worth of $246 billion. He is on the approach of acquiring Twitter for $44 billion.
Carnegie Mellon University gave Bezos an honorary doctorate in Science and Technology in 2008, and Time magazine named him Person of the Year in 1999. Jeff Bezos launched Blue Origin, a human spaceflight startup company, in 2000 because he was fascinated by the prospect of traveling into space.
Space hotels and amusement parks, colonies, and small towns for 2 million or 3 million people are among Blue Origin’s early plans. It was maintained a secret for a few years, but in 2006, after purchasing a large tract of property in west Texas to use as a launch and testing facility, the firm went public.
Bezos and Richard Branson, the multi-billionaire founder of the Virgin Group, met in 2013 to discuss commercial spaceflight potential and strategies.