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Jeff Bezos is an American businessman, philanthropist, and space explorer with a net worth of $127 billion per celebritynetworth. He founded Amazon.com and currently serves as the company’s former CEO and the current president and chairman of the board.
In July 2017, Jeff surpassed Bill Gates as the world’s wealthiest person and remained uninterrupted until January 2021.
As per Amazon’s most recent SEC filing, Jeff owns approximately 12% of the total outstanding shares or 55 million shares of Amazon. He was once the owner of 80 million shares at his peak.
However, as part of his divorce settlement with MacKenzie Bezos in April 2019, Jeff transferred 19.7 million shares to his ex-wife, temporarily reducing his net worth from $150 billion to $114 billion.
Jeff was also an early investor in Google.com, now known as Alphabet Inc, and owns at least $1 billion of its shares.
Until late 2014, Jeff was not even among the top 10 or top 20 richest individuals in the world. However, Amazon’s stock skyrocketed, and in under two years, Jeff’s net worth and stock value doubled.
In September 2018, Amazon’s market capitalization reached $1 trillion before Jeff’s divorce when he still owned 80 million shares, making his net worth reached an all-time high of $170 billion.
Jeff Bezos’ Peak Net Worth Of $200 billion
Although Jeff Bezos’ peak net worth of $200 billion is an impressive fortune, it doesn’t even place him in the top 10 richest people of all time when adjusted for inflation.
It would be the 11th largest fortune ever amassed by a single individual when counting inflation. By comparison, when oil magnate John D. Rockefeller passed away, his fortune was worth an inflation-adjusted $340 billion.
While it’s true that anything is possible, Jeff Bezos becoming a trillionaire based solely on his Amazon shares seems like an incredibly ambitious goal.
As the owner of 12% of Amazon’s shares, Jeff is currently worth $120 billion (on paper) for every $1 trillion market cap milestone the company achieves.
For Jeff to become a trillionaire based solely on his Amazon shares, the company’s market cap would need to exceed $8.3 trillion, which is a staggering amount.
In the year prior, Jeff’s interest was piqued by the emerging world of the internet. He became enamored with selling products online and ultimately focused on books.
During a cross-country road trip from New York to Seattle, Bezos drafted the initial blueprint for Amazon’s business plan. He established the company in 1994, starting from humble beginnings by setting up shop in his garage.
In 1999, Jeff Bezos was named Time magazine’s Person of the Year, and in 2008, he received an honorary doctorate in Science and Technology from Carnegie Mellon University. Bezos’ fascination with space travel led him to found Blue Origin, a startup focused on human spaceflight, in 2000.
The company’s early plans included developing space hotels, amusement parks, colonies, and small cities for millions of people orbiting the Earth. Initially kept secret, Blue Origin became publicly known in 2006 after purchasing land in west Texas for a launch and test facility.
In 2013, Bezos purchased The Washington Post and discussed commercial spaceflight opportunities and strategies with Richard Branson, the multi-billionaire founder of Virgin Group.
Real Estate And Assets
In 2007, Jeff and MacKenzie bought a mansion in Beverly Hills for $24.5 million, and in 2018 they paid $12.9 million for the neighboring home. After their divorce, MacKenzie donated the combined property, worth $55 million, to the California Community Foundation.
In February 2020, Jeff purchased the Jack L. Warner estate in Beverly Hills for $165 million. While he reportedly bought a 120-acre hilltop called Enchanted Hill for $90 million, the deal eventually fell through.
Net Worth Details And History
Bezos has sold over $70 billion of Amazon shares since the company went public 20 years ago, with an annual planned stock sale of around $1 billion. Jeff’s net worth was $120 million when Amazon went public, quickly growing to $1 billion in a year.
At the height of the dot-com bubble, his net worth reached $10 billion, but it fell to $1-2 billion after the bubble burst. If $10,000 had been invested in Amazon in October 2001, it would be worth over $15 million today, not counting any dividends.
Jeff Bezos’ Giant Sailing Vessel Was Observed Conducting Sea Trials
A new 417-foot-long sailing yacht, rumored to belong to Jeff Bezos, was recently seen undergoing sea trials in the North Sea. The vessel, previously known as Project Y721, is reportedly named Koru and was built by Dutch builder Oceanco with a price tag of over $500 million.
It will become the world’s largest sailing yacht when delivered later this year. The builder declined to comment on the owner’s identity.