What contributed to Jeff Bezos’ astounding $137 billion net worth?

Prior to his impending divorce, Jeff Bezos, Amazon’s founder and CEO, ended 2018 with a whopping net worth of $137 billion. It was the first time an individual breached the $100 billion mark in the Forbes top 100 richest people in the world. According to business blogger Steve Sorensen, Bezos has built the mightiest tech empire which continually expands in terms of services as well as revenues. Here are the factors that contributed to Jeff Bezos’ total net worth.

On July 5, 1994, Bezos founded Amazon.com, a website that primarily sold books. Its slogan back then was One million titles, consistently low prices. To help him fund this endeavor, Bezos’ parents invested a quarter of a million dollars into the enterprise. Today, those same stakes have a net worth of roughly $30 billion.

Amazon’s epic rise is easily measured by how well the company performed when they made the company public on May 15, 1997. Since this day, Amazon stock prices have increased by 84,000%. And it is with the same success that left other early internet competitors in the dust. Amazon also made key strategic partnerships with Yahoo, America Online, and Prodigy.

In the next two decades, Amazon slowly introduced consumer goods to its products. And with the boom of digital products and the accessibility of the business through the internet and digital media, the business would grow exponentially. This allowed Amazon to further improve its delivery services. Today, it is known as one of the world’s top online shopping company which offers the best services and retail experience.

Amazon would also put together a string of acquisitions that would only bolster its growth. According to Steve Sorensen, Amazon would pay as much as $13.7 billion to acquire businesses such as Whole Foods which then opened Amazon to supplying groceries to the world.

Steve Sorensen is a business blogger and investment strategist interested in learning about the net worth of the world’s richest people. Visit this