Jeff Bezos Net Worth

Jeff Bezos Net Worth

Net Worth:$72.8 Billion
Age:53
Born:January 12, 1964
Country of Origin:United States of America
Source of Wealth:Founder of Amazon
Last Updated:2017

Introduction

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 talk recently about who the richest person in the world is, and Jeff Bezos’s net worth has been fluctuating a lot recently. On July 26th, 2017, Bezos became the richest man in the world for a very short period of time, overtaking Bill Gates. However, his reign was short-lived.

Jeff Bezos remains on the list of the richest with an estimated net worth of $72.8 billion. This figure comes from Forbes’ 2017 figures, however it may be different in real time.

 

Early Life

Jeff Bezos was born on the 12th January, 1964, in Albuquerque, New Mexico.

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.

 

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 book store. The inventory quickly grew, as did the popularity of the site; and in 1998, Jeff made the Forbes 400 list.

 

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)

 

Favorite Jeff Bezos Quotes

“You have to be willing to be misunderstood if you’re going to innovate.” – Jeff Bezos

“One of the only ways to get out of a tight box is to invent your way out.” – Jeff Bezos

“I knew that if I failed I wouldn’t regret that, but I knew the one thing I might regret is not trying.” – Jeff Bezos

“A company shouldn’t get addicted to being shiny because shiny doesn’t last.” – Jeff Bezos

“If you do build a great experience, customers tell each other about that. Word of mouth is very powerful.” – Jeff Bezos

“If you don’t understand the details of your business you are going to fail.” – Jeff Bezos

View our larger collection of the best Jeff Bezos quotes!

 

3 Key to Success from Jeff Bezos

Here are some of the best success lessons to learn from Jeff Bezos:

 

1. Prepare to Fail

Bezos didn’t actually expect to succeed when he first created Amazon.com. Back then, the online game was very new, and the security of such was uncertain. Bezos took a risk, and he new that there was a great chance of failure.

However, his mindset paid off big time.

 

2. Play the Long Game

In the early days of Amazon, Bezos warned investors that the company was years away from turning a profit.

Bezos’s vision included recognizing that things wouldn’t always be easy, and that to become profitable, you have to work your way there – which involves envisioning and playing the long game.

 

3. Start Small, Then Diversify

Amazon began with books. It was a humble and simple beginning to the online empire. Today, however, Amazon sells a ridiculous number of things.

The lesson here is to start with what you know, and then proceed to diversify and expand!

 

Jeff Bezos – Inspirational Speech

Summary

Jeff Bezos went from failing at selling books, to succeeding at selling whatever he wants. Amazon has become an absolute powerhouse and is taking over the new world; and it all started with one guy trying to sell used books.

Jeff Bezos’ net worth is estimated to be $72.8 billion, and that is a lot of money!

What do you think of Jeff Bezos’ net worth? Leave a comment below.

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