Jeff Bezos Net Worth: 5 Quick Facts You Need To Know
Jeff Bezos is the richest person in the world, according to Forbes, whose net worth is $ 203.7 billion. He is expected to be aboard Blue Origin’s first manned flight to space on July 20.
Ahead of the launch, Bezos spoke with “CBS This Morning” host Gayle King. He told her, âI’m excited. People keep asking me if I’m nervous. I’m not really nervous. I’m excited. I’m curious. I want to know what we are going to learn.
The 57-year-old won’t be the first billionaire in space. Richard Branson beat him by nine days, launching a suborbital flight with his company Virgin Galactic.
Here’s what you need to know:
1. Bezos founded Amazon
Bezos amassed his fortune as the founder of Amazon. Founded in Seattle, Washington in 1994, the company was originally conceived as an online book retailer. According to History.com, Amazon went live on July 16, 1995.
Shortly after Amazon went public in 1997, Bezos achieved billionaire status and the company grew beyond literature. Today, the company sells products ranging from furniture to clothing and even groceries.
The e-commerce giant has since expanded its reach to tech and streaming. The Wall Street Journal reported that his âAmazon Web Services cloud computing businessâ accounts for a large portion of his income. The post added that Amazon also launched its smart speaker, Echo, in 2014.
According to the Wall Street Journal, Amazon announced that it had over 100 million Prime subscribers in the United States in 2020. The subscription launched in 2005, offering free two-day delivery. It has since grown to include access to streaming movies and music, among other benefits.
Bezos stepped down as CEO on July 5, handing over the reins to former Amazon Web Services CEO Andy Jassy. Going forward, the Wall Street Journal has announced that he will take over as executive chairman to focus “on innovation.”
2. Bezos owns The Washington Post, Whole Foods and Blue Origin
Bezos has continued to diversify its reach, including with the company behind today’s launch. The Wall Street Journal reported that Bezos founded Blue Origin in 2000. According to the outlet, he sees it as “his real legacy” and finances it “by selling $ 1 billion in Amazon stock every year.”
In 2013, The Washington Post reported that it had been sold to Bezos for $ 250 million, ending the Graham family’s 80-year tenure. The paper and other assets were transferred to his private investment firm, Nash Holdings, the outlet reported.
The Wall Street Journal also reported that Amazon bought Whole Foods Markets in 2017, giving the retailer “approximately 470 physical locations and an opportunity to experiment in the grocery business.” The acquisition cost the company $ 13.7 billion, as Forbes reported.
3. Bezos made history with a net worth of $ 211 billion
Bezos is the richest man in the world, a title he earned when his wealth first surpassed that of Bill Gates in 2017, as Forbes reported. The Microsoft founder currently ranks fourth in the world, behind Bezos at $ 75 billion.
According to Fortune, tech heavyweight Elon Musk overtook Bezos as the richest man in the world earlier this year. However, the publication reported that Bezos has retained the title since March 2021.
At one point, Bezos was worth a record $ 211 billion, Bloomberg Wealth reported. This broke a previous record of $ 210 billion set by the founder of SpaceX, the outlet noted.
4. Bezos finalized his divorce from ex-wife MacKenzie Scott in 2019
Bezos’ ex-wife MacKenzie Scott was an accountant when Amazon was founded, The Wall Street Journal reported. However, the former couple announced their plans to divorce in January 2019 as National Enquirer claimed he was having an affair.
They issued a joint statement, reading in part, âWe have had such a great life together as a married couple, and we also see a wonderful future ahead, as parents, friends, partners in businesses and projects, and as individuals pursuing businesses and adventures.”
When Bezos and Scott finalized their divorce later that year, she received $ 38.3 billion in Amazon stock. In a statement on Twitter, she announced that all of her interest in the Washington Post and Blue Origin would go to her husband, along with 75% of their shared Amazon shares. Bezos also obtained the right to vote on its shares.
Reuters reported that the 51-year-old had pledged to donate half of her fortune to charity, participating in the “Giving Pledge” founded by Warren Buffett and Gates.
5. Bezos launched the Bezos Earth Fund
In February 2020, Bezos announced on Instagram that he was pledging $ 10 billion to fight climate change through the Bezos Earth Fund.
âClimate change is the biggest threat to our planet,â he captioned a photograph of Earth. âI want to work alongside others both to amplify known means and to explore new ways to tackle the devastating impact of climate change on this planet we all share. This global initiative will fund scientists, activists, NGOs – any effort that offers a real opportunity to help preserve and protect the natural world. We can save the Earth. It will take collective action by big business, small business, nation states, global organizations and individuals. “
On Instagram, he announced the first 16 grant recipients, including the Climate and Clean Energy Equity Fund, the ClimateWorks Foundation, the Environmental Defense Fund, the World Resources Institute and the World Wildlife Fund.
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