Jeff Bezos, the creator of Amazon and current CEO, has amassed one of the largest fortunes and highest profiles in the history of technology.
He just divorced in the public eye, took a spaceship to the rim of the known universe, saw his company’s stock price explode during the epidemic, and stepped down as CEO of the company he co-founded 28 years ago.
The 58-year-old is currently concentrating on other projects, such as his space exploration company Blue Origin, which recently took actor William Shatner to the edge of space, and The Washington Post, which he purchased in 2013.
He also likes to travel the world with his girlfriend Lauren Sanchez and has been trying to get their $500 million megayacht through a historic Dutch bridge.
And there’s the $166.8 billion fortune he has amassed over the years, according to Forbes. In this article, we will examine his spending habits, including his investments, his vacations, and his side enterprises.
Previous reporting assistance was provided by Andy Kiersz, Taylor Nicole Rogers, and Hillary Hoffower.
In 2022, How Much Money Will Jeff Bezos Have Made?
According to Forbes, Jeff Bezos is worth about $131.9 billion. Before Musk surpassed him four years ago, Amazon’s founder, chairman, and former CEO had held the top spot on Forbes’ billionaire list.
Bezos is the owner of The Washington Post and the aerospace business Blue Origin. Along with Elon Musk and Richard Branson, he was a competitor in the billionaire space race. Bezos took a crew of four into space on board Blue Origin’s New Shepard rocket.
On January 12, 1964, Jeff Bezos entered the world in Albuquerque, New Mexico. His mom was a senior in high school when she gave birth to Jeff. His family business was in the bicycle industry. Jeff’s mom got a divorce from his biological dad.
She wed a Cuban immigrant called Miguel Bezos when he was just four years old. Miguel adopted Jeff shortly after the wedding, and Jeff legally changed his name from Jorgenson to Bezos. When Mike found a position as an engineer for Exxon, the family uprooted and headed for Houston.
In addition, they were nearer to his maternal grandparents, who lived on a cattle ranch south of San Antonio. A first cousin once removed, his maternal grandmother Mattie Louise Gise was related to country music legend George Strait.
Bezos conducted experiments in his parent’s garage as a kid in Texas. During the summers, he would also help out on his grandparent’s ranch. It was at the ranch that Jeff spent his summers, and he credits that experience with shaping his work ethic.
Sometime afterward, he would also buy the ranch and increase its size from 25,000 to 300,000 acres. Around the time Jeff was about to start high school, his family uprooted and moved to Miami.
When Jeff was in high school, he got a job as a short order cook at McDonald’s. He graduated as a salutatorian and was recognized as a National Merit Scholar. He spoke about his hope for human space colonization in his graduation address.
His original aim was to study physics at Princeton, but his interest in computers led him to change his major. Eventually, he earned his diploma with a 4.2 GPA and was inducted into Phi Beta Kappa.
He studied both computer science and electrical engineering at university, graduating with a Bachelor of Science. Jeff started working for Fitel, a financial technology company, soon after he finished university.
Eventually, he was able to secure a position in product management at Bankers Trust and make the switch to the banking sector.
When the hedge fund D. E. Shaw & Co. was founded in 1990 on the premise that mathematical modeling might anticipate large market profits, he was hired as a financial analyst there.
Until 1994, Jeff was employed by D.E. Shaw, rising through the ranks to become the company’s fourth senior vice president. He was in his thirties.
At Princeton, he majored in computer science and eventually earned a Bachelor of Science. in 1986, when I was an undergraduate studying electrical engineering and computer science.
He could have chosen from a number of desirable positions after graduation, but he decided to join Fitel, a financial technology startup. He changed careers and is now working for D.E. Shaw, a hedge firm. For more than a century, Shaw & Co. After four years at the company, he reached the position of senior vice president before leaving.
Specifically, it happened at D.E. Shaw & Co., Bezos met the woman who would become his wife and had the idea to start an online bookstore, which he called Amazon.
Jeff Bezos began Amazon in what way?
Bezos, then the youngest senior vice president in the firm’s history, resigned his position at the investment bank in New York City in 1994 to pursue his interests in the nascent online retail industry.
He and his then-wife, Scott, on a road trip to Seattle, where he started his company in the garage of their rental home with an initial investment of approximately $300,000. Amazon originally sold only books; it didn’t start selling other products until 2005.
While it may have started in a garage, Amazon has grown into a multi-trillion dollar empire. But it seems Bezos hasn’t forgotten the company’s humble beginnings, as he has included copies of his first letter to shareholders from 1997 in subsequent annual reports.
Bezos reportedly said in his 2016 letter to shareholders, “I’ve been reminding people that it’s Day 1 for a couple of decades.” When I switched offices, I kept the moniker Day 1 because it was once the name of an Amazon building. This is a subject that occupies a lot of my mind.
As of May 2022, Amazon will have been publicly traded for 25 years. Bezos shared a commemorative Instagram post in honor of the event. A quarter of a century ago yesterday, AMZN went public.
Alongside an old photo of himself from when the company was just getting started, he added, “As the Grateful Dead would say, ‘What a long, strange trip it’s been.
A lot of bumps along the road. There has been a great deal of initiative, creativity, and error; there is much that we can improve upon. The journey was an experience I won’t soon forget.