Breaking news
Chairman & Founder, Amazon
No. 2
Gruesome on 2023 Forbes 400 Checklist Of Richest American citizens
$161 B
Gain Value as of September 8, 2023
AGE: 59 | SOURCE OF WEALTH: AMAZON | SELF-MADE SCORE: 8/10 | RESIDENCE: MEDINA, WASHINGTON | CITIZENSHIP: UNITED STATES | EDUCATION: BACHELORS ARTS/SCIENCE, PRINCETON UNIVERSITY
Jeff Bezos stop his job at hedge fund D.E. Shaw in 1994 and drove to Seattle with his then-companion MacKenzie to start an online guide shop. He went on to win Amazon, perchance the most innovative and feared juggernaut in the twenty first century. The sphere’s ideal e-commerce retailer, it furthermore dominates cloud storage and has moved into film and sequence manufacturing to feed Amazon Prime Video. Bezos, who stepped down as CEO of Amazon in July 2021 nonetheless stays chairman, has invested in a slew of startups including digital media firm Time beyond law Sports and Wildtype, which makes seafood from fish cells. He’s furthermore poured billions into his non-public rocket firm Blue Origin, that would win a sleek CEO at the discontinue of 2023: worn Amazon executive Dave Limp.
Wealth Ancient previous
Asset Breakdown
As of September 8, 2023
📦 Amazon: $136.9 B
📰 Cash & investments: $11 B
🚀 Blue Origin: $10.6 B
🏙️ Washington Post: $1.4 B
🛩️ Properties: $400 M 🛥️
💵 Jets & Yacht: $640 M
“We’re gifted with some very stunning companies we have built over time, and we will not have satisfactory money to avoid wasting our energies into one thing that if it works, it is aloof going to be exiguous.”
Philanthropy
2/5
Philanthropy Ranking
Forbes estimates that Bezos has donated $2.88 billion—much less than 2% of his estimated fetch price—to charitable causes all the draw in which thru his lifetime. While Bezos in 2020 acknowledged he would spend $10 billion to strive in opposition to native weather switch over the following decade, Forbes simplest counts money out-the-door, not pledges. Forbes furthermore doesn’t depend stock gifted to nonprofits if the billionaire doesn’t repeat the recipient of these shares. In a November 2022 interview with CNN, Bezos acknowledged he plans to present away the majority of his fortune in his lifetime, and furthermore acknowledged that philanthropy is laborious. “We’re constructing the skill to present away this money,” he explained. In August 2023, Bezos’ companion Lauren Sanchez introduced the couple planned to make a $100 million Maui Fund to win relief after the wildfires that devastated ingredients of the Hawaiian island, the save Bezos owns a rental.
HERE ARE SOME OF BEZOS’S LARGEST DONATIONS TO DATE:
$1.84 B
$400 M
$200 M
$200 M
$100 M
$100 M
$100 M
Ancient previous
1968
Jeff Bezos was as soon as born to a teen mother in Albuquerque, Fresh Mexico. Strapped for money and divorced from his natural father, Bezos’ mother Jacklyn labored as a bookkeeper at the Financial institution of Fresh Mexico all the draw in which thru the day and brought Bezos, then appropriate an toddler, to college classes along with her at night. Jacklyn at closing met and married Miguel Bezos, a Cuban immigrant who came to The United States when he was as soon as 16. The three of them moved to Houston, Texas after Miguel took a job as an engineer at Exxon. When Bezos was as soon as four, Miguel, who goes by Mike, officially adopted Jeff as his have son.
1994
When the fetch was as soon as in its infancy, Bezos stop his excessive-paying Wall Avenue job at hedge fund D.E. Shaw to start an online guide shop operated out of his garage in Bellevue, Washington. His then-companion MacKenzie helped with a range of initiatives, including going thru accounting and packing orders to ship.
1997
Bezos took Amazon.com public in Can also honest. The following three hundred and sixty five days, he modified into a billionaire, debuting on The Forbes 400 list of richest American citizens with a $1.6 billion fetch price.
2008
Identified for his ruthless management style and aggressive ride, Bezos methodically grew Amazon into the ideal online retailer in the area, in overall drawing the ire of mother and pop retail outlets and smaller competitors along the draw in which. Amazon has since branched out into other industries, including its most winning unit: cloud computing arm Amazon Web Products and companies. Below Bezos, Amazon has made a string of tall-name acquisitions: audiobook provider Audible in 2008, online shoe retailer Zappos in 2009 and, streaming provider Twitch in 2014
2017
Thanks to Amazon’s soaring stock price, Bezos modified into the richest particular person in the area in July with a fetch price of $90.6 billion, surpassing Invoice Gates, Warren Buffett and Tag Zuckerberg, Forbes reported. A month later, Amazon sold grocery store chain Complete Meals for $13.7 billion.
2019
Bezos’ non-public lifestyles modified into tabloid fodder. He and MacKenzie introduced their divorce on Twitter in January, appropriate sooner than the National Enquirer published illicit texts revealing Bezos was as soon as having an affair with now-lady friend Lauren Sanchez.
In April Bezos introduced on Twitter that he was as soon as transferring a quarter of his 16% Amazon stake, then price $36 billion, to MacKenzie due to the divorce.
Bezos publicly accused National Enquirer publisher American Media Inc of blackmail in an start letter and launched his have investigation into how the tabloid got his phone contents. AMI denied any wrongdoing. The Wall Avenue Journal later reported that Sanchez’s brother leaked his texts and photos to the National Enquirer for a $200,000 payout.
2021
Bezos stepped down as CEO in July after 28 years at the helm. He aloof serves as executive chairman. His non-public home firm Blue Origin launched him into home in July. He stepped up his philanthropy with donations to the Obama Foundation and the Smithsonian’s Air and Build apart Museum.
2022
Bezos is specializing in endeavors exterior Amazon. He commissioned a $500 million stunning-yacht so tall that shipmaker Oceanco had to ask that a historic bridge in Rotterdam be dismantled in advise for the vessel to proceed. After Bezos faced intense backlash, the yacht, which is on the verge final touch, was as soon as at closing towed away with the bridge aloof intact.
2023
In early January Amazon introduced that it would lay off 18,000 staff due to financial uncertainty and fleet hiring. The layoffs negate 1% of Amazon’s 1.5 million body of workers. In uninteresting March, Amazon acknowledged it would lay off an extra 9,000 of us.
Following a fascinating decline in the pricetag of shares owned by Indian billionaire Gautam Adani in uninteresting January, Bezos moved from the area’s No. 4 richest relieve to No. 3 richest. As of October 3, he’s aloof No. 3 richest in the area, per Forbes—and the 2nd richest American.
On The Quilt: Jeff Bezos
( left: April 2012; true: September 2018 )
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