Jeff Bezos net worth 2020: Jeff Bezos is an American philanthropist, businessman and space explorer who is probably best-known for creating Amazon.com.
Jeff Bezos is the founder, chief executive officer, president and chairman of the board of Amazon.com. He first surpassed Bill Gates in terms of wealth in July 2017. He is the richest person in the world 2020.
Jeff Bezos Net Worth 2020 World’s Richest Man:
Amazon founder Jeff Bezos is the world’s wealthiest person, according to the latest Bloomberg Billionaires Index, with a net worth of $182 billion.
As of this writing Jeff Bezos has a net worth of $187 billion.
According to the company’s most recent SEC filing, Jeff owns 58 million shares of Amazon, roughly 12% of the total shares outstanding. At his peak he owned 80 million shares of Amazon.
As part of his April 2019 divorce settlement with MacKenzie Bezos, Jeff transferred 19.7 million shares to his ex-wife. The value of the shares at the time of the transfer was $36 billion.
The settlement temporarily reduced Jeff’s net worth from $150 billion to $114 billion. Jeff was also an early pre-IPO investor in Google.com and owns at least $1 billion shares in what is now known as Alphabet Inc.
For much of the 2000s, Jeff was not even in the top 10 or top 20 of the wealthiest people on the planet. Amazon stock began to sky rocket in late 2014.
In July 2015, Jeff’s net worth was $50 billion. In under two years, his net worth (and the stock) had doubled. On July 27, 2017, Bezos took over Bill Gates as the richest person on the planet.
In September 2018, Amazon’s market cap topped $1 trillion. This was prior to his divorce so he still owned 80 million shares. At that valuation, Jeff’s net worth topped an then-all-time high of $170 billion.
KEY FACTS OF Jeff Bezos Net Worth 2020:
- Quit his job in finance in 1994 to launch an online bookstore
- Wrote the Amazon business plan in the car as he drove across country
- Net worth topped $12b the day Amazon went public in 1998
- Net worth sank to $2 billion after the dotcom bubble burst
- Net worth topped $50b for the first time in 2015
- Net worth topped $100b for the first time in 2018
- Owns $1b worth of Google thanks to a pre-ipo investment
- Was worth $136b the day he and wife MacKenzie announced their separation
- MacKenzie received 20m shares of Amazon and is now the richest woman in the world
- Had they never divorced, Jeff’s net worth would easily top $250b
- Owns The Washington Post
- Owns $300m worth of property in Beverly Hills
- Owns $60m worth of property in Washington
- Has sold at least $70b worth of Amazon shares to date
- Sells $1b per year to fund space company Blue Origin
Is Jeff Bezos the Richest Person of All Time?
When comparing Jeff’s peak net worth of $170 billion to our list of the richest people of all time after adjusting for inflation, Jeff is not even in the top 10.
Using the $170 billion number, that would be the 11th largest fortune ever accumulated by a single human (counting inflation).
For comparison, when oil tycoon John D. Rockefeller died, he was worth an inflation-adjusted $340 billion.
Could Jeff Bezos Become a Trillionaire?
Anything is possible! But it seems like an extremely lofty goal if he’s just relying on his Amazon shares to get trillionaire status.
As the owner of 12% of Amazon’s shares, Jeff is essentially worth $120 billion (on paper) for every $1 trillion market cap milestone.
So, in other words, for Jeff to become a billionaire based exclusively on his Amazon shares, the company’s market cap would need to top $8.3 trillion.
Jeff Bezos net Worth 2020 Wiki Details:
Jeffrey Preston Jorgensen was born in Albuquerque, New Mexico, on January 12, 1964, the son of Jacklyn (née Gise) and Ted Jorgensen.
At the time of his birth, his mother was a 17-year-old high school student and his father was a bike shop owner. After his parents divorced, his mother married Cuban immigrant Miguel “Mike” Bezos in April 1968.
Shortly after the wedding, Mike adopted four-year-old Jorgensen, whose surname was then changed to Bezos. The family moved to Houston, Texas, where Mike worked as an engineer for Exxon after he received a degree from the University of New Mexico.
Bezos attended River Oaks Elementary School in Houston from fourth to sixth grade. Bezos’s maternal grandfather was Lawrence Preston Gise, a regional director of the U.S. Atomic Energy Commission (AEC) in Albuquerque.
Gise retired early to his family’s ranch near Cotulla, Texas, where Bezos would spend many summers in his youth. Bezos would later purchase this ranch and expand it from 25,000 acres (10,117 ha) to 300,000 acres (121,406 ha).
His maternal grandmother was Mattie Louise Gise (née Strait), through whom he is a cousin of country singer George Strait.
Bezos often displayed scientific interests and technological proficiency, and he once rigged an electric alarm to keep his younger siblings out of his room.
The family moved to Miami, Florida, where Bezos attended Miami Palmetto High School in nearby Pinecrest, Florida.
While Bezos was in high school, he worked at McDonald’s as a short-order line cook during the breakfast shift. He attended the Student Science Training Program at the University of Florida.
He was high school valedictorian, a National Merit Scholar, and a Silver Knight Award winner in 1982. In his graduation speech, Bezos told the audience he dreamed of the day when mankind would colonize space.
A local newspaper quoted his intention “to get all people off the earth and see it turned into a huge national park”.
In 1986, he graduated summa cum laude from Princeton University with a 4.2 GPA and a Bachelor of Science in Engineering degree (B.S.E.) in electrical engineering and computer science; he was also a member of Phi Beta Kappa.
While at Princeton, Bezos was a member of the Quadrangle Club. In addition, he was elected to Tau Beta Pi and was the president of the Princeton chapter of the Students for the Exploration and Development of Space (SEDS).
A year earlier, Jeff became fascinated with the nascent world wide web. He wanted to sell something online and he landed on selling books.
Bezos created Amazon’s business plan during a cross country drive from New York to Seattle. He officially founded the company in 1994, setting up the original business in his garage.
In 2008, Bezos received an honorary doctorate in Science and Technology from Carnegie Mellon University, and in 1999 Bezos was named Time magazine’s Person of the Year.
In 2000, Bezos founded Blue Origin, a human spaceflight startup company, partially as a result of his fascination with space travel.
Blue Origin includes an early interest in developing space hotels, amusement parks, colonies and small cities for 2 million or 3 million people orbiting the Earth.
The company was kept secret for a few years until it became publicly known in 2006 after purchasing a sizable aggregation of land in west Texas for a launch and test facility.
In 2013, Bezos was discussing commercial spaceflight opportunities and strategies with Richard Branson, multibillionaire founder of Virgin Group – during that year he also purchased The Washington Post.
Real Estate and Assets:
On February 12, 2020, it was revealed that Jeff had paid $255 million for two properties in Beverly Hills. The first property, known as the Jack L. Warner estate, cost $165 million.
The estate covers 10 lush acres in the heart of Beverly Hills and features a 13,600 square-foot main house. The seller was entertainment mogul David Geffen who bought the property in 1990 for $47.5 million.
The second property Bezos bought in February 2020 was a 120-acre vacant hilltop called Enchanted Hill. The seller was the estate of late Microsoft founder Paul Allen, who purchased the land in 1997 for $20 million.
Though mostly overrun with weeds, the property does have a 1.5 mile driveway and manicured bluff at its peak.
Other real estate assets:
- $12.9 million mansion in Beverly Hills, acquired in July 2018
- $24.5 million mansion right next door to the above Beverly Hills home, acquired in 2007
- $23 million mansion in Washington D.C., acquired in 2018. A former museum comprised of two buildings that measure 27,000 square feet of living space
- 300,000 acres in Texas including multiple ranches
- 100,000 additional acres in various parts of the country
- Three units in 25 Central Park West in Manhattan
- $10 million 5-acre property in Medina, Washington, acquired in 1999
- $50 million mansion next door to his property in Medina, acquired in 2005
Net Worth Details and History:
In the 20 years since Amazon went public, Bezos has sold at least $70 billion worth of his shares. He sells roughly $1 billion worth of shares every year as part of a planned stock sale arrangement.
The day Amazon went public, Amazon’s stock topped out at $18 and Jeff was left with a net worth of $12 billion. At the peak of the dotcom bubble, Amazon stock topped $106 per share.
After the bubble burst, Amazon’s stock price sank to an all-time low of $5 per share in October of 2001. At that point, Jeff’s net worth sank to $2 billion. At various times in recent history, a single share of Amazon traded for more than $2050.
So, if you had been smart enough to take $10,000 and buy shares of Amazon in October of 2001, could have had $4.1 million before counting any dividends that they may have issued.
Jeff Bezos Net Worth 2020 and Milestones
June 1998 – $1 billion for the first time
June 1999 – $10 billion
July 2015 – $50 billion
January 2018 – $100 billion
July 2018 – $150 billion
September 2018 – $170 billion
Jeff Bezos and MacKenzie Divorce:
January 2019 – Jeff announces he is divorcing his wife of 25 years, MacKenzie. Clearly the outcome of this divorce will have an enormous impact on Jeff’s $150 billion net worth.
April 4, 2019 – Jeff and MacKenzie announced that they had reached an amicable resolution of their divorce where she will be given $36 billion worth of Amazon stock. Jeff will retain 75% of his former stake and will have voting control over MacKenzie’s shares.
She will not have any ownership in The Washington Post or Jeff’s space company Blue Origin. It’s unclear how the couple decided to split their various homes and jets. Jeff’s net worth immediately following the announcement became $114 billion.
March 9, 2020 – $111 billion
July 1, 2020 – $172 billion
July 9, 2020 – $190 billion
August 26, 2020 – $202 billion
If you’re keeping track, it took Jeff just three years to become a billionaire after launching in 1995.
It took him 20 years to make $50 billion, but then only 2.5 years to make his second $50 billion, for a total of $100 billion. And then it only took 7 months to make his third $50 billion, for a total of $150 billion.
And then he lost $36 billion in an instant with the stroke of a pen.
Jeff Bezos Net Worth 2020 Summary
Jeff Bezos has a net worth of $187 billion. As of this writing, that makes him the richest person in the world. He is the founder and CEO of Amazon.com.
Between 1998 and 2020, his net worth has grown from $1 billion to an all-time peak of $170 billion September 2018. He lost $36 billion worth of his fortune as a result of his divorce from MacKenzie Bezos, who instantly became one of the 25 richest people in the world.
|Jeff Bezos Net Worth 2020 Over Time|
|June 1998||$1 billion|
|June 1999||$10 billion|
|March 2000||$6 billion|
|December 2000||$2 billion|
|September 2001||$1.5 billion|
|September 2003||$2.5 billion|
|September 2004||$5.1 billion|
|September 2005||$4.1 billion|
|September 2006||$4.3 billion|
|September 2007||$8.7 billion|
|September 2008||$8.2 billion|
|September 2009||$6.8 billion|
|September 2010||$12.6 billion|
|September 2011||$18 billion|
|December 2012||$23.2 billion|
|October 2013||$29 billion|
|December 2014||$30.5 billion|
|July 2015||$50 billion|
|October 2016||$45 billion|
|December 2017||$73 billion|
|July 2018||$150 billion|
|September 2018||$170 billion|
|April 2019||$114 billion|
|July 2020||$190 billion|