To most people, Jeff Bezos is best known as the founder of Amazon.com, but he is also a philanthropist and businessman who has explored space.
Among his several titles at Amazon.com, Jeff Bezos holds those of CEO, President, and Chairman of the Board. In July of 2017, his wealth began to eclipse that of Bill Gates. Between October 2017 and January 2021, he held the title of “world’s richest person” without a break.
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Jeff Bezos Early Life
Born in Albuquerque, New Mexico on January 12, 1964, Jeff Bezos is the founder and CEO of Amazon. His mom was a senior in high school when she had him, thus he was born in the ’90s. His family business was a bike shop that he helped his dad run.
Jeff’s mother separated from Jeff’s biological father. She wed Miguel Bezos, a Cuban immigrant she met when he was four years old. A short time after the nuptials, Miguel adopted Jeff, and Jeff legally changed his name from Jorgenson to Bezos.
With Mike’s new engineering position at Exxon, the family uprooted and headed for Houston. Their proximity to his maternal grandparents’ cattle ranch south of San Antonio was another positive factor. George Strait’s first cousin once removed was his maternal grandmother, Mattie Louise Gise.
Bezos utilized his parents’ garage in Texas as a makeshift lab for his experiments when he was a kid. He also spent his summers helping out at his grandparent’s ranch. Jeff would subsequently credit his summers at the ranch as the foundation of his work ethic. He eventually bought the ranch and increased its size from 25,000 to 300,000.
When Jeff was a freshman in high school, his family uprooted to Miami. Jeff worked as a quick-service chef at McDonald’s during his senior year in high school. He graduated as a salutatorian and earned a spot on the National Merit Scholarship Program. He spoke of his hope that humanity would one day occupy other planets in his graduation address.
He initially intended to study physics at Princeton, but his interest in computers led him to change his major. Eventually, he received his diploma with a 4.2 GPA and was inducted into Phi Beta Kappa. He studied both computer science and electrical engineering in college and graduated with a Bachelor of Science in both fields.
After finishing his degree, Jeff started working for Fitel, a company that develops software for the financial sector. Soon after, he made the jump to the banking sector when he was offered a product management position by Bankers Trust. He began his career as a financial analyst in 1990 at D. E. Shaw & Co., a newly established hedge fund founded on the premise that sophisticated mathematical modeling could accurately anticipate large market profits.
Until 1994, Jeff was employed by D.E. Shaw, rising through the ranks to become the fourth senior vice president of the firm. Age 30 summed up his years on earth.
The Hutch is going to do incredible things with this.https://t.co/m3BKYhKwr9
— Jeff Bezos (@JeffBezos) October 12, 2022
Jeff Bezos Net Worth
Jeff Bezos is worth $127 billion at the time of this writing.
| Net Worth: | $127 Billion |
| Date of Birth: | Jan 12, 1964 (58 years old) |
| Gender: | Male |
| Profession: | Entrepreneur, Businessperson |
| Nationality: | United States of America |
Could Jeff Bezos Become a Trillionaire?
In this world, anything can happen. However, if he plans to become a trillionaire only through the sale of his Amazon stock, it is an extraordinarily ambitious goal. Jeff, who owns 12% of Amazon’s stock, increases in paper value by $120 billion at each $1 trillion mark. As a result, the market valuation of Amazon would need to be greater than $8.3 trillion for Jeff to become a billionaire solely from his shares.
Amazon
Jeff’s interest in the early Internet had begun a year earlier. He was looking for an online business opportunity and decided to sell books. The business strategy for Amazon was conceived by Bezos during a flight from New York to Seattle. It was in his garage that he started the corporation, which he formally established in 1994.
Other Accomplishments
Bezos was voted Time magazine’s Person of the Year in 1999 and received an honorary doctorate in Science and Technology from Carnegie Mellon University in 2008. Bezos’s interest in space travel inspired him to launch Blue Origin, a startup firm dedicated to human spaceflight, in the year 2000.
One of Blue Origin’s earliest goals was to create a habitat for two or three million people in Earth orbit, complete with habitable hotels, theme parks, colonies, and tiny towns. After purchasing a substantial tract of property in west Texas for a launch and test facility, the business went undercover for a few years until emerging to the public eye in 2006.
In 2013, the same year Bezos purchased The Washington Post, he met with Richard Branson, the multibillionaire founder of Virgin Group, to talk about commercial spaceflight potential and strategies.
Jeff Bezos Real Estate And Assets
On two beautiful acres in Beverly Hills, California, Jeff and MacKenzie dropped $24.5 million in 2007. They shelled out $12.9 million for the neighboring property in 2018.
As part of the divorce settlement in 2019, MacKenzie obtained both houses. As of August 2022, MacKenzie has disclosed that she had given the properties to the California Community Foundation. The total value of the donated property was calculated to be $55 million.
Jeff’s purchase of two Beverly Hills mansions for $255 million was made public on February 12, 2020. The initial estate, named the Jack L. Warner property, was purchased for $165 million. The estate’s main home is 13,600 square feet, and it sits on 10 verdant acres in the middle of Beverly Hills.
David Geffen, a major player in the entertainment industry, purchased the home for $47.5 million in 1990 and is now the one selling it.
A 120-acre empty hilltop dubbed Enchanted Hill was the second piece of property Bezos was said to have purchased in February 2020. The Estate of Microsoft co-founder Paul Allen, who paid $20 million for the property in 1997, is the one selling it.
The land is largely overgrown with weeds, yet there is a manicured bluff at the highest point and a 1.5-mile driveway. The purchase ultimately did not go through a month after it was first disclosed. So, Jeff spent a total of $165 million on the Jack L. Warner estate in February 2020. If you read more posts like this so you can visit on TheActivenews.Com.