Entrepreneurs
Jeff Bezos Net Worth
Net Worth: | $127 Billion |
---|---|
Age: | 60 |
Born: | January 12, 1964 |
Gender: | Male |
Height: | 1.71 m (5 ft 7 in) |
Country of Origin: | United States of America |
Source of Wealth: | Founder of Amazon |
Last Updated: | Nov 4, 2024 |
What is Jeff Bezos’ net worth?
Jeff Bezos is now at the top of the list of the richest with an estimated net worth of $127 Billion. This figure comes from Forbes’ real-time figures.
Jeff Bezos is the founder of the world-famous Amazon, which is said to be one of the largest and most successful online marketplaces in the world.
There’s been a lot of talks recently about who the richest person in the world is, and Jeff Bezos’s net worth has been fluctuating a lot recently.
However, Jeff has now de-throned Bill Gates and has become the richest man in the world.
Jeff Bezos – Key Facts
- Jeff Bezos founded Amazon in 1994 as an online bookstore.
- He listed Amazon in an initial public offering at $18 per share in 1997. Afterwards, Amazon’s stock increased to over 40 times what it was worth before.
- He made the Forbes 400 list for the first time in 1998.
- He was named Time’s Person of the Year in 1999.
- He founded Blue Origin, an aerospace company, in 2000.
- He founded Amazon Studios in 2010, distributing movies and series through theaters and Amazon Prime Video.
- Jeff Bezos bought The Washington Post for $250 million in 2013.
- He became the wealthiest person in the world in 2018, when he surpassed Bill Gates.
- He stepped down as Amazon’s CEO in 2021.
- He was part of Blue Origin’s first human flight in 2021.
- Over the years, Jeff Bezos sold over $27 billion worth of Amazon’s stock (before taxes).
Early Life
Jeffrey Preston Bezos was born on January 12th, 1964 in Albuquerque, New Mexico.
His mother, Jacklyn Gise Jorgensen was just 17 at the time of his birth, and his father, Ted Jorgensen was 18 and a bike shop owner.
Jacklyn and Ted’s marriage didn’t last long, and Jacklyn married Miguel Bezos when Jeff was four years old. Miguel adopted Jeff, and he changed his last name to Bezos.
His grandfather was a regional director of the U.S. Atomic Energy Commission there, and he retired early to the ranch. Jeff spent many summers there as a youth, working with him.
Bezos often displayed scientific interests and technological proficiency; he once rigged an electric alarm to keep his younger siblings out of his room.
Jeff attended Miami Palmetto High School, where he took part in the Student Science Training Program at the University of Florida, receiving a Silver Knight Award.
After high school, Jeff Bezos attended Princeton University and graduated in 1986 with degrees in electrical engineering and computer science.
Career
Jeff graduated in 1986 from Princeton University and went to work on Wall Street in the field of computer science. After that, he then built a network for international trade for a company known as Fitel.
Later, he worked at Bankers Trust, and he also worked on Internet-enabled business opportunities at the hedge fund company D. E. Shaw & Co.
In 1994, he founded Amazon.com, which started out as an online used bookstore. The inventory quickly grew, as did the popularity of the site; and in 1998, Jeff made the Forbes 400 list.
Amazon has become the largest online retailer in the world, employing over 800,000 people, and to think it all started in Bezos’ home with him selling second-hand books.
In 2018, Bezos became the richest man in the world, knocking Bill Gates off the top spot.
At the time, his net worth reached $150 billion; however, this was before his divorce from his marriage with MacKenzie Bezos.
She received roughly $35 billion in Amazon stock as a result of the divorce, coincidently making her one of the richest women in the world.
It went down as the most expensive divorce in history.
Amazon CEO Jeff Bezos’ net worth is roughly $127 Billion.
Jeff Bezos Net Worth Over Time
Year | Net Worth |
---|---|
1997 | $150 Million |
1998 | $1.6 Billion |
1999 | $10.1 Billion |
2000 | $6.1 Billion |
2001 | $2 Billion |
2002 | $1.5 Billion |
2003 | $2.5 Billion |
2004 | $5.1 Billion |
2005 | $4.1 Billion |
2006 | $4.3 Billion |
2007 | $8.7 Billion |
2008 | $8.2 Billion |
2009 | $6.8 Billion |
2010 | $12.6 Billion |
2011 | $18.1 billion |
2012 | $18.4 Billion |
2013 | $25.2 Billion |
2014 | $32 Billion |
2015 | $34.8 Billion |
2016 | $45.2 Billion |
2017 | $72.8 Billion |
2018 | $112 Billion |
2019 | $131 Billion |
2020 | $113 Billion |
2021 | $177 Billion |
2022 | $171 Billion |
2023 | $114 Billion |
2024 | $193.3 Billion |
How does Jeff Bezos spend his money?
Jeff Bezos is the richest person in the world. His home base, in Medina, is estimated to be worth $25 million. Neighbors include the No. 2 richest guy in the world, Bill Gates.
In Manhattan, Bezos’ three linked apartments in The Century building on Central Park West are worth at least $17 million, according to Wealth-X.
Bezos also financed the recovery of “the remains of several Apollo booster-rocket engines from the bottom of the Atlantic Ocean 14,000 feet down,” starting in 2013, according to the Seattle Times.
He owns a top-of-the-line, $65 million private jet; the 2015 Gulfstream G-650ER, via his holding company, Poplar Glen. Bezos Expeditions has invested in businesses including Basecamp, Juno Therapeutics, Workday, and Twitter.
The estimated value of Bezos’ stake in Bezos Expeditions is at least $880 million, according to Wealth-X.
In 2017, Bezos gave $35 million to Seattle’s Fred Hutchinson Cancer Research Center, reports The New York Times. And, Bezos also gave $1 million to the Reporters Committee for Freedom of the Press.
Highlights
Here are some of the highlights of Jeff Bezos’ career:
- Founded Amazon (1994)
- Makes the Forbes 400 List (1998)
- Founds Blue Origin (2000)
- Dot Com bubble bursts (2001)
- Launches Amazon Web Services (2006)
- Launches Amazon Studios (2010)
- Buys the Washington Post for $250 million (2013)
- Overtakes Warren Buffett as 2nd richest (2016)
- Becomes Richest Man in the World (2018)
What Are Some Interesting Facts About Jeff Bezos?
- Bezos’ parents were initially hesitant about his decision to start Amazon, and his stepfather Mike reportedly asked him, “What’s the internet?”
- Bezos once worked at McDonald’s as a teenager, and has said that his time working at the fast food chain taught him the importance of hard work and customer service.
- Bezos is a huge Star Trek fan, and he even had a cameo in the 2016 movie “Star Trek Beyond.”
- In 2013, Bezos purchased the Washington Post for $250 million, which some saw as an unexpected move for an online retail mogul.
- Bezos has invested in a number of other companies, including Twitter, Uber, and Airbnb.
- Bezos is known for his sense of humor, and has been known to play pranks on his employees
- Bezos is a big believer in the power of experimentation and taking risks and has famously said, “I knew that if I failed, I wouldn’t regret that, but I knew the one thing I might regret is not trying.”
Frequently Asked Questions
Here are some of the most commonly asked questions about Jeff Bezos and his net worth:
How Did Jeff Bezos Become So Successful?
Jeff Bezos became successful by having a clear vision and executing it. He saw the potential of e-commerce and started Amazon as an online bookstore.
He then expanded the company to sell a wide range of products and services, including cloud computing, streaming video and music, and more. Bezos also prioritized customer service and convenience, which helped Amazon become a dominant force in e-commerce.
What Are Some of Jeff Bezos’ Philanthropic Efforts?
Jeff Bezos has made several significant philanthropic efforts throughout his career.
In 2018, he and his now ex-wife, MacKenzie Scott, announced the creation of the Bezos Day One Fund, which focuses on providing funding for organizations that support homeless families and early childhood education.
In 2020, Bezos launched the Bezos Earth Fund, with an initial commitment of $10 billion to fund scientists, activists, and non-governmental organizations working to mitigate the impact of climate change.
The fund aims to support and scale solutions to climate change, including initiatives related to renewable energy, reforestation, and food production.
In addition to these initiatives, Bezos has made several other charitable contributions over the years. He has donated to organizations such as the Fred Hutchinson Cancer Research Center, the Smithsonian Institution, and the Museum of History and Industry.
What is Blue Origin?
Blue Origin is a private space exploration company founded by Jeff Bezos in 2000. The company is focused on developing reusable rockets and spacecraft for commercial and scientific use. In 2021, Bezos announced that he would be stepping down as CEO of Amazon to focus more on Blue Origin.
What Is Jeff Bezos’ Personal Life Like?
Amazon founder Jeff Bezos has been married and divorced, with his most recent divorce from MacKenzie Scott finalizing in 2019. The couple has four children together. Bezos is also known to be a private person and does not often give interviews or talk publicly about his personal life.
Who Has More Money, Warren Buffett or Jeff Bezos?
Jeff Bezos has more money than Warren Buffett. According to Forbes’ Real-Time Billionaires List, Bezos has a higher net worth than Buffet.
It’s worth noting that the net worth of billionaires can fluctuate significantly based on the performance of their assets and investments. Both Bezos and Buffett have made their fortunes through successful business ventures, with Bezos founding Amazon and Buffett becoming one of the most successful investors of all time through his company Berkshire Hathaway.
Who Is the Current CEO of Amazon?
The current CEO of Amazon is Andy Jassy. Jassy took over as CEO from Jeff Bezos on July 5, 2021. Prior to becoming CEO, Jassy had been with Amazon for over 20 years and was instrumental in the development of Amazon Web Services (AWS), the company’s cloud computing platform. Jassy is seen as a trusted and experienced leader within the company, and his appointment as CEO was widely praised by analysts and investors.
Summary
Jeff Bezos went from failing at selling books to succeeding at selling whatever he wanted. Amazon has become an absolute powerhouse and is taking over the new world; it all started with one guy trying to sell used books.
As of 2023, Jeff Bezos’ net worth is estimated to be $127 Billion, and that is a lot of money!
What do you think of Jeff Bezos’ net worth? Leave a comment below.
Entrepreneurs
Carlos Ghosn Net Worth
What is Carlos Ghosn’s net worth?
Net Worth: | $120 Million |
---|---|
Age: | 70 |
Born: | March 9, 1954 |
Gender: | Male |
Height: | 1.70 m (5 ft 7 in) |
Country of Origin: | Brazil |
Source of Wealth: | Entrepreneur |
Last Updated: | Nov 4, 2024 |
Introduction
Carlos Ghosn is a Brazilian-born French businessman with an estimated net worth of $120 Million.
Ghosn is best known for being the CEO of Michelin North America, Renault, AvtoVAZ, Nissan, and Mitsubishi Motors.
Career Overview
After graduating from the École des Mines de Paris in 1978, Carlos Ghosn worked for Michelin for 18 years. At first, he trained and worked at several plants throughout France and Germany before becoming a manager in Le Puy-en-Velay, France.
In 1984, Ghosn became the head of research and development and, a year later, was named the COO of the company’s operations in South America.
Ghosen moved to Rio de Janeiro, where the business had become unprofitable due to Brazil’s hyperinflation. Tasked with turning things around, Ghosen rose to the challenge with success and was named the president and COO of Michelin North America in 1989.
Rising Through The Ranks
In 1990, Carlos Ghosn became the CEO of Michelin North America and oversaw the company’s restructuring after purchasing Uniroyal Goodrich Tyre Company.
Six years later, Ghosn was elected Vice President of research, purchasing, development, and manufacturing at Renault, a French auto manufacturer. Under his guidance, Renault became exceptionally profitable, which led to Renault and Nissan forming the Renault-Nissan Alliance in 1999.
While maintaining his previous roles, Ghosn became Nissan’s COO and was named president in 2000 and CEO in 2001. Ghosn turned Nissan’s sinking profits around with his “Nissan Revival Plan,” which reduced the company’s debt by 50% by 2002. To do this, he cut 14% of jobs, shut down five Japanese plants, and auctioned off assets, including the company’s aerospace division.
In 2005, he became Renault’s president and chief executive, making him the first person to run two Fortune 500 companies simultaneously. While not as wealthy as the richest people in America, Ghosn’s business strategies for success were undeniable, even if some people disagreed with his methods.
Ghosn’s Recent Business Deals
Carlos Ghosn became the chairman of GM in 2005, following a merger between the company and Renault and Nissan. Ford offered to allow Ghosn to lead the company the following year, but he refused, stating he’d have to be made both CEO and chairman.
In 2007, Ghosn pushed Renault-Nissan into the electric car market, which helped make it the world leader in electric vehicles by 2017. Soon after, he was named the deputy chairman of the Russian auto manufacturer AvtoVAZ and, in 2013, became the company’s chairman.
After a long tenure, Ghosn stepped down as CEO of Nissan in 2017 while remaining chairman and was succeeded by Saikawa Hiroto. However, the year before, Ghosn had become chairman of Mitsubishi Motors following Nissan’s acquisition of a 34% stake in the company.
At Mitsubishi, Ghosn’s goal was to rehab the automaker, though he was removed from his post in 2018 after his arrest over false accounting allegations. After that, Ghosn’s affairs began to fall apart, and by the end of 2019, he was still imprisoned.
In late 2019, he was able to post bail and quickly left Japan for Lebanon, where he continues his legal battles today.
Carlos Ghosn Net Worth
In 2024, Carlos Ghosn’s net worth is estimated to be $120 Million.
What do you think about Carlos Ghosn’s net worth? Leave a comment below.
Entrepreneurs
Rich Barton Net Worth
What is Rich Barton’s net worth?
Net Worth: | $2.1 Billion |
---|---|
Age: | 57 |
Born: | June 2, 1967 |
Gender: | Male |
Height: | Unknown |
Country of Origin: | United States of America |
Source of Wealth: | Entrepreneur |
Last Updated: | Nov 4, 2024 |
Introduction
Rich Barton is an American entrepreneur and CEO of Zillow Group with an estimated net worth of $2.1 Billion.
Barton has founded multiple companies, including online travel company Zillow, job search engine Glassdoor, and photography site Trover. Barton was a venture partner at Benchmark and is on the board of directors for Netflix, Avvo, Nextdoor, and Artsy.
Career Overview
After graduating from Stanford University with an engineering degree, Rich Barton started working for the Alliance Consulting Group in 1989.
In 1991, he left and began working for Microsoft as a project manager for the operating system MS-DOS 5.0. While working for Microsoft, Barton founded the travel site Expedia in 1994 as the company was planning to build a travel guide on CD-ROM. However, Barton pitched the idea of an online service to Bill Gates, who permitted him to pursue the project.
In 1996, Expedia made its debut on the internet, and Rich was the CEO of the site’s IPO until 2003, when it was purchased for $3.6 billion.
Making Billions
After selling Expedia’s IP, Rich Barton took a year-long break from business to relax in Italy and enjoy his success. However, he didn’t rest for too long and made a comeback in 2004 to begin setting his next business plan in motion. Now in Seattle, Barton began working on the site Zillow, which he believed could transform the real estate industry.
In December 2004, Zillow was incorporated in Washington and officially launched in February 2006. Upon launch, the site included a home valuation tool, sales history, and value appreciation information. However, the site crashed on the morning of its launch because the servers weren’t strong enough to handle the immense traffic.
By 2008, Zillow had grown exponentially and, in 2010, had become incredibly profitable for the first time since its launch.
In 2012, Barton purchased Rentjuice and Hotpads, followed by Street Easy in 2013 and Trulia in 2015. All of this helped make Rich Barton one of the richest people in America, and his net worth continues to increase.
Maintaining Zillow
Although Rich Barton stepped down as CEO in 2010, he returned in 2019, replacing Spencer Rascoff. A year prior, the site began buying and selling through the new Zillow Offers, which partnered with local real estate agents. Upon returning to the CEO position, Barton began expanding Zillow Offers into new markets across the United States. However, when the pandemic struck in 2020, Zillow saw its stock hit a four-year low, forcing them to cut expenses to stay profitable.
By July 2020, Zillow became one of the first companies to allow employees to work from home permanently. This allowed them to hire an additional 1,500 employees with the plan to expand their workforce by 40% by the end of 2021.
Unfortunately, things didn’t pan out, and Barton announced in November 2021 that Zillow was shutting down its home-buying business and laying off 25% of employees.
This didn’t stop the Zillow Group from acquiring other businesses throughout the 2020s to expand their reach. These companies include ShowingTime, Follow Up Boss, and VRX Media, all of which have benefited Zillow. At the same time, Forbes named Barton a billionaire in 2020 after his earnings from Zillow continued to grow.
Now one of the richest people in the world, Rich Barton has a $700 million stake in Zillow and plans to turn it into a home-flipping machine. He’s undoubtedly lived up to his first name, earning billions through his business.
Rich Barton Net Worth
In 2024, Rich Barton’s net worth is estimated to be $2.1 Billion.
Highlights
Here are some of the best highlights of Rich Barton’s career:
- Chief executive officer of Zillow Group
- One of the top 10 innovators under 35 by MIT Technology Review (2003)
- Presidential Ambassadors for Continental Entrepreneurship (2012)
Summary
Rich Barton is an American entrepreneur and businessman best known for being the CEO of the Zillow Group.
He is also the founder of Expedia and Glassdoor. Barton was born in Connecticut and graduated from Standford University. He has also founded the online travel photography-sharing site Trover.
He was a venture partner at Benchmark and served on the boards of directors for Netflix and Artsy. In 2012, he was named one of Barack Obama‘s Presidential Ambassadors for Continental Entrepreneurship.
What do you think about Rich Barton’s net worth? Leave a comment below.
Entrepreneurs
Russell Simmons Net Worth
What is Russell Simmons’ net worth?
Net Worth: | $340 Million |
---|---|
Age: | 67 |
Born: | October 4, 1957 |
Gender: | Male |
Height: | 1.76 m (5 ft 9 in) |
Country of Origin: | United States of America |
Source of Wealth: | Entrepreneur |
Last Updated: | Nov 4, 2024 |
Russell Simmons is an American record producer and entrepreneur with an estimated net worth of $340 Million.
Simmons is the co-founder of the record label Def Jam and has been among the top 25 most influential people in the industry over the past 25 years, playing a pivotal role in bringing hip-hop music to the forefront.
Early Life
Russell Simmons was born in Queens, New York, on October 4, 1957.
He is the son of Daniel Simmons Sr. and Evelyn Simmons. His father was a public school administrator, and his mother worked as a park administrator. Simmons attended the City College of New York for some time, after which he dropped out and went on to promote local musicians.
Career
During college, Simmons met industry mentor Robert Ford Jr., and a few years later, he co-founded Def Jam Recordings with Rick Rubin. In 1985, he co-produced and appeared alongside Daryl McDaniels in the film “Krush Groove” and launched the Def Comedy Jam television program.
From Rap To Riches
The Def Comedy Jam program featured notable figures such as Dave Chappelle, Chris Rock, and Martin Lawrence, who were prominent comedians then. At the same time, Russell’s services to the music industry and hip-hop culture were honored at the 2004 VH1 Hip Hop Honors. A few years later, he produced hit films “The Nutty Professor” featuring Eddie Murphy and “How to Be a Player.”
In 2003, Russell established RushCard, a prepaid debit card provider, and launched Phat Fashions LLC, featuring Phat Farm and Baby Phat labels. The apparel line has a traditional appearance and feel thanks to the influence of designers like Ralph Lauren and Tommy Hilfiger. Not long after establishing the business, he sold Phat Farm and Baby Phat to Kellwood Company in 2004 for $140 million.
That same year, he formed the Russell Simmons Music Group as a joint venture with Universal Music’s Island Def Jam Music Group.
Simmons’ Vegan Advocacy
Additionally, he co-founded the Rush Philanthropic Arts Foundation and received an Honorary Doctorate Degree in Humane Letters from Claremont Lincoln University in 2014. He also coordinated the anti-Rockefeller Drug Law demonstrations promoting more equitable drug laws and was designated as the UN Slavery Memorial’s Goodwill Ambassador.
Russell is a huge PETA supporter and won the PETA Humanitarian Award in 2001 and the Person of the Year Award. The group PETA (People for the Ethical Treatment of Animals) fights against animal abuse in entertainment and industry, advances vegetarianism, and defends animal rights. Many celebrities, such as Pamela Anderson, Ellen DeGeneres, and Woody Harrelson, are just a few of the figures supporting PETA.
His involvement with the NGO has influenced him to live a healthier lifestyle. He has become vegan himself and promotes the routine.
Signing Lil Skies And Jack Harlow
Simmons, a vegan since 1999, supports the David Lynch Foundation, which encourages activism, mindfulness, and vegetarianism; he also practices Jivamukti Yoga and Transcendental Meditation. He supports the Somaly Mam Foundation, which combats human trafficking and sexual slavery and endorses the second Muslim Jewish Conference promoting interfaith dialogue and cooperation.
In 2012, Simmons’ book “Super Rich: A Guide to Having It All” took home the NAACP Image Award for Outstanding Literary Work – Non-Fiction.
To top it all off, Richtopia listed him as one of the 200 most influential social entrepreneurs and philanthropists worldwide in 2017.
Russell released the “Masterminds of Hip Hop” NFT collection alongside Snoop Dogg and Ice-T and became a senior advisor for the vegan brand Everything Legendary.
Recently, Russell has been more involved in Def Jam Records, signing up-and-coming artists such as Lil Skies, Jack Harlow, and Dreezy.
Estimated Net Worth
Highlights
Here are some of the best highlights of Russell Simmons’ career:
- Co-founded Def Jam (1983)
- Krush Groove (Movie, 1985)
- Launched Clothing Line (1992)
- Sold Phat Farm (2004)
Summary
Russell Simmons was one of the first producers in the industry to co-found one of the most significant record labels ‘Def Jam’. Simmons has collaborated with some of the best artists, such as Jay Z and LL Cool J.
What do you think about Russell Simmons’ net worth? Leave a comment below.
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Mweru Bilton
Jun 4, 2018 at 11:32 am
Jeff Bezos is a True defination of success…
He has really inspired me. The way Jeff started in the Amazon business, really shows how resilient he is and he was and that’s why he has made it.
He had something he was fighting for in his business and now the business is a Wolrd’s Icon in the Tech Market Place…
I have nothing much I can add on, but let his experience be a stepping stone all of us in the Tech Business!!! I am really Inspired by Jeff Bezos.
luke joshua
Aug 9, 2018 at 1:43 am
Jeff’s net worth of $135.6 billion is big amount of money, and that is through his effort, I understand but why not he appreciate the Giver, the Man who blesses him to be the world’s first ever billionaire in this 21st century in terms of giving back to the Giver of the wealth that he is in possession of today. Most of the people in this world are really suffering, living without food, really in destitution life, the wealth that Mr. Bezos, you have is given by God, and you have to use this wealth to help God’s own people so that you can be blameless. That is all thank you.
Alex
Aug 29, 2018 at 2:20 pm
You killed it mate. What a detailed article. Thanks!
erick
Oct 7, 2018 at 7:54 pm
Nothing much to say…..but i wish to be like Jeff one day and am really inspired
frasier hamatowe
Nov 30, 2018 at 7:41 am
i like the principle ‘START SMALL THEN DIVERSIFY’
I’ll say that some trouble we face in business or in anything we are doing should be our guiding fuel to push us further in that field.
we form principles as we fail. finally the very principles become our guide as we grow doing so..
i salute Jeff.. he inspires me big time…
Mensah
Apr 8, 2019 at 3:51 pm
Amazing at the age of 54 with this achievement,Jeff have put a smile on my face and i want to be like him before his age.
Cindy
Aug 16, 2019 at 12:40 am
Wow! I’m so envious of Jeff. I admire his ambition. He’s so young to be so wealthy. I’m the same age and I’m doing ok but I would love to be rich! My only hope is winning the lotto. Congratulations to your success if you see this Jeff.
EDITH
Sep 17, 2019 at 2:09 pm
I will live to look up to u Jeff. I’ve learnt that I’ve been making a grave mistake in my life after reading about you. Thank you so much Jeff for you.
David
Oct 9, 2019 at 12:27 am
When he takes his last breath he’ll be just as broke as me
Al
Feb 16, 2020 at 6:29 pm
Dunno how he gets by
Godwin Damian Billy
Apr 14, 2020 at 3:59 pm
What a great and an astonishing feat there Jeff. You have done yourself and family proud. Keep it up Sir. I wish to be like you!
Nnamdi Chukwuemeka Leonard
Dec 6, 2020 at 9:12 pm
I just want to make me some wealth someday,build and nuture it,spend and spread it. That’s all.