Jeff Bezos Net Worth, Biography & Facts | Richest Man In the World (2022)

Preston Bezos is the oldest of all the three sons of Jeff Bezos and Mackenzie Scott, was born in the year 2000. He also studies at Princeton University where his father also studied.

Bezos children are mostly hidden from the celebrity limelight and hence there are no exact clues about the rest. Both Jeff and Mackenzie share 50/50 custody of all their 4 children.

Amazon.com & Jeff Bezos - A Brief History:

Amazon.com is a name that has revolutionized the internet and completely dominated the eCommerce world by storm. In the year 1994 Jeff Bezos & his wife Mackenzie Scott decided to quit their job with D.E Shaw & Co, moved to Seattle.

Both the couple was having a great plan to start an online company selling books on the Internet. Later the same year on July the 5^th Jeff incorporated the Company with a Name called Cadabra, Inc in WA State.

Later in the year, the company was planning to change its name to RELENTLESS, which means stopping at nothing. But finally, Jeff named it Amazon.com – which means Gigantic, comes from the world’s Largest River Amazon.

Jeff and Mackenzie rented a house in Bellevue and moved the office to a small 2^nd-floor office in Seattle. Shel Kaphan was the first employee of Amazon and was working as the CTO (Chief Technical Officer).

In July 1995, Amazon.com was live and later claimed to be the world’s largest online book store, a virtual shop. After a few years, the number of online customers that use Amazon was increasing exponentially.

With these, Amazon had implemented to sell every product online inviting every seller and merchant worldwide. The former brick and mortar concept of business was about to be wiped out with the concept of purchase anything with a ‘CLICK’.

The Hard Truth:

For several years Amazon.com didn’t make any profits, because the company wipes out all sales taxes in their online purchases. They did this to analyze the market, beat all competitions and they convince their investors to go along with it.

In a note, Jeff Bezos wrote he mentioned that Amazon is not about the short term, but it’s all about the long term. And all the investors said yes and after few years the number of online customers rose to 12 million.

The Rise of Amazon Prime:

Amazon Prime was launched in the year 2005 with a focus on a great customer experience with the world of online shopping. With a membership fee of just $79/year, anyone in the US can buy online and products will be shipped in 2 days.

A mind-blowing 150 Million consumers signed up for the Free shipping membership and anything bought online appears in front of their doors in 2 days. Amazon Prime was a booster for the company and Amazon started expanding with its Fulfilment centers across the country. To this day Amazon is the world’s largest online eCommerce site connecting Millions of consumers with product sellers called merchants across the globe.

Blue Origin:

Blue Origin was founded by Jeff Bezos in the year 2000 with a vision of several hundred years ahead of us. Jeff was really interested in Space, Rocket science, and the law of propulsion since he was 5 years of age.

Blue as the name suggests about our planet’s appearance from space is about starting civilization in space. Blue Origin, LLC is a privately funded sub-orbital spaceflight services & aerospace manufacturer company headquartered in Kent, WA.

Jeff strongly believes that someday, humans will be making civilization in space and doesn’t like the idea of traveling to Mars. Blue is currently led by CEO Bob Smith and focuses on reusable launch vehicles for cheaper space travel.

Bezos Earth Fund:

Bezos earth fund was started early in the year 2020 by Jeff, who announce to give away $10 Billion - 7-8% of his net worth, to climate change activists. The parties include giving grants to scientists, activists, and NGOs who are focused on climate change.

He calls climate change one of the biggest threats the world is facing now and many critics claims his idea is related to business gains. Amazon has faced big criticism from many people regarding the negative impact the company has on the world environment.

One of the climate change activists even says Amazon releases approximately 19-20 million metric tons of carbon in the 2017-18 = 5 coal power plant. The announcement was made on his Instagram account and focus on saving the planet earth.

Mackenzie Scott’s Net Worth:

Mackenzie Scott, Bezos’ ex-wife was the woman behind the scene from the beginning where Jeff founded Amazon. Mackenzie is considered as one of the greatest women Philanthropists, who had given 50% of her wealth for charity.

In the year 2020, the net worth of Mackenzie Scott was around $59 Billion USD and was 19the richest person in the world. Later in 2021, she was listed as the third richest woman in the world with a Net worth of $53 Billion.

She holds a 4% total share of Amazon and also gave $5.8 Billion for charity during pandemics to non-profit organizations across the US. He husband Dan Jewett is an active helper in her Philanthropists' activities, giving away much of their fortunes.

Jeff Bezos Real Estate Net Worth:

The real estate Net worth of Jeff Bezos is another staggering number and is some of the most expensive things he owns as a Multi-Billionaire. According to the land report magazine, Jeff Bezos is the 25^th largest landowner in the US, while the headquarters of Amazon resides in Seattle, WA. There are several other properties owned by the world’s richest man, but let’s see a few of those;

Harry Warner Estate in Beverly Hills CA - $165 Million:

This home which is located near Sunset Blvd is a 12254 Sq Feet Mansion was owned by Producer David Geffen. The house was built for Harry Warner, the founder of Warner Bros. Studios in the year 1923. This mansion has 8 Bedrooms, 10 bathrooms, a beautiful European Garden, Pools, Spa, a courtyard, and a tennis court.

Madison Square Park in NY - $96 Million:

Jeff bought a property located on the 20^th Floor, 212 Fifth Ave for $16 Million during the Covid 19 Pandemic in April 2020. He has also bought all the floors from 21^st to 24^th for $80 Million in June 2019. The building was built in the year 1912 offers a fitness center, a yoga studio, game rooms, meeting rooms, and a screening room.

Kalorama, Washington DC - $23 Million:

Bezos owns one of the largest houses in Washington DC, which is a massive 27,000 Sq Feet that was once a Textile Museum. He has invested a staggering $12 Million just for the renovation of this house, which will combine two separate mansions. This home is one of the most beautiful residences in the famous Kalorama, neighbors with Kushner & the Obamas.

Spanish-style mansion - $24.5 Million:

This is the second neighboring estate in Beverly Hills CA that Jeff Bezos bought for $12.9 Million in the year 2017. The property in N. Alpine Dr added another ½ acre to the previous 2 acres, a total price of $24.5M. This 4500 Square Ft single-story home was built in 1956, has 4 bedrooms and 6 bathrooms.

Evergreen Point in Medina WA - $10 Million:

This property of 20,600 Square feet Near the Post Office in Medina, just outside Seattle may sound really cheap. However, this was one of the first houses that Jeff purchased in early 1998, soon after his success with Amazon. Jeff Bezos Net worth hit $1.6 Billion in the year 1998 and this 5.3 Acre property was one of his best purchases. He had invested more than $88 Million on this property just for renovations.

12 Interesting Facts about Jeff Bezos - Richest Man In the World:

The former CEO of Amazon, now taken over by Andy Jassy is definitely one of the most famous people on the planet. Check out some of the facts about Jeff Bezos that might surprise you;

1. Jeff’s Journey Started from His Garage:

The Monster eCommerce giant Amazon.com which has a net worth of $314 Billion in 2021, was started from a Garage in Seattle in 1994. It reminds me of the famous quote by Jeff Bezos himself saying “Every great achievement was started with small beginnings”.

2. Worked in Wall Street:

After graduating from Princeton University, with a degree in computer science and electrical engineering, the world’s richest man worked on Wall Street. Also, some of his first jobs were to work as a Fry Cook in Mac Donald’s.

3. Amazon.com had no profit for the first 5 Years:

After Amazon.com was live in the year 1995, the company didn’t make any profit till 2000, as Jeff was focussing on long-term gains. The company wipes off all sales taxes in every online purchase that makes them dominate their competitors.

4. Helicopter crash in 2003:

In the year 2003, the world’s richest man survived a helicopter crash in Texas - a Gazelle helicopter (Aerospatiale SA-341G). The pilot hit a tree and was luckily crashed in a nearby stream, which makes them escape with minor injuries with 2 other passengers.

5. An Alien in a 2016 Movie:

Did you know that Jeff Bezos acted in a 2016 movie called Star Trek Beyond as an Alien? The movie was directed by Justin Lin and the producer was JJ Abrams.

6. Washington Post is owned By Jeff Bezos:

The Famous Washington Post was once declining in the business world and then Jeff bought it for $250 in August 2013. The company was owned by the Graham Family for more than 80 years, had a boost after Bezos bought it.

7. Became a Billionaire at age 35:

The multi-billionaire who drove a 1996 Honda accord from 1996 to 2013 made his first billion-dollar in the year 1998-99. In the year 2021, the Net worth of Jeff Bezos has become almost 200X the net worth he had in 1998.

8. ¼ of Jeff’s property was given to Mackenzie:

In the year 2019, when Jeff divorced his wife Mackenzie, he gave away $36 Billion USD to his ex-wife. Still, he remains the world’s wealthiest man even after giving 25% of his wealth, even making Mackenzie 3^rd richest woman on the planet.

9. Permanent colonies in orbiting space:

One of the greatest goals of the world’s richest man through the company Blue Origin is to colonize space. The first Centi-billionaire once quoted his vision of Trillion human beings starting civilization in space.

10. A Milk Lover:

Jeff Bezos was found saying his love for Milk since his childhood – “I love milk so much and I have been drinking it since I was born”.

11. The Billionaire Loves Sexting with GF:

The richest man on the planet was found sexting with GF Lauren Sanchez and both have a steamy relationship till today. Come on guy, he is a man like all of us with desires, dreams, and imaginations. Above all, we all are guilty of this Sexting thing once in a while or so. He even mentioned honestly how much he loves milk since childhood, way to go Jeff.

12. Ate Cockroach & Iguana:

In the year 2018, the former CEO of Amazon was found eating an Iguana at the Explorer Club Gala. The billionaire also ate a boiled cockroach in the year 2014 at the 110 explorers club annual dinner.

Final words on Jeff Bezos Net Worth:

Looking at how Jeff Bezos Net worth increased almost 200X since 1998-2021, it is expected that the 57 Years old will become the world’s first Trillionaire soon. The world’s richest man earns more than $2500 every second as of 2021. If you remember how this man started his company from a small garage and make it the most powerful company in the world. Jeff is definitely a man with the strongest vision who predicts before things happen, 10-20 even hundred years from now.