Almost everyone wants to know, how the billionaires earn so much money and how they spent such a huge amount of earnings. Here, you will see How Jeff Bezos spends his money.
A decade ago, people could not imagine, a man could be the owner of $100 billion. The current net worth of Jeff Bezos, founder of Amazon.com, is around $190 Billion, which is greater than the GDP of Iceland, Luxembourg, and Zimbabwe —combined. (According to Forbes data)
Amazon CEO Jeff Bezos is the first person whose net worth breaks the $100 billion mark. Here is how Jeff Bezos, the richest person in the world, spends his money.
As per an estimate, Bezos’s $80,000 spending is similar to average American spending of $1.
Bezos’s Journey to the Billionaires club
1. Jeff Bezos Born in 1964 in New Mexico, had an early love of computers and technology.
2. He showed an early interest in how things work, turning his parent’s garage into a laboratory and rigging electrical contraptions around his house as a child.
3. Jeff Bezos, tech visionary, graduated from Princeton with a major in computer science and electrical engineering.
4. He went to launch a news-by-fax service company with Harley Minor, founder of CNET but the venture failed.
5. In1994, he noticed the internet is growing by 2,300 % annually after this, his idea for Amazon was born, and the CEO listed a possible 20 product categories to sell online.
Source: Business Insider
6. Bezos started Amazon.com in a garage with a Potbelly stove. He held most of his meetings at the neighborhood Barnes & Noble, an American bookseller.
7. In May 1997, Amazon went public and turned out to be one of the few startups that survived the dot.com bust, and from 1995 to 2001 annual sales jumped from $511,000 to $3 Billion In 2001.
8. Since its (Amazon) initial public offerings of Amazon on May 15, 1997, its split-adjusted stock price has increased over 9700%
Source: Business Insider
9. More than 90% of his wealth comes from Amazon stock and the rest from investment salary and bonus – according to research firm Wealth-X.
Investment by Jeff Bezos
10. In 2008, Bezos and his company spent %$300 million to buy Audible, the world’s largest seller of downloadable audiobooks and other spoken-word entertainment.
11. The business world took it surprisingly when Amazon said it was acquiring a whole Food Market chain for %13.7 billion.
12. Jeff Bezos bought Zappos, a giant online shoe store, for more than $900 million.
13. Today IMDB is the top movie website in the world, drawing 250 million users every month, Bezos took over it with $55 million.
14. Bezos’s other futuristic venture “Blue Origin” —aims at space exploration and making space travel more affordable.
In a tweet, he said, “I am currently liquidating about $1 billion a year of Amazon stock to fund Blue Origin, and I plan to continue to do that for a long time.”
15. In April, NASA awarded the Blue Origin team a lunar lander development contract worth $579. Jeff founded Blue Origin in 2000, led by Bob Smith, headquartered in Kent Washington.
16. Jeff Bezos’s expeditions, new worth at least $880 million, invested in various businesses including Basecamp, Juno, Therapeutics, Workday, and Twitter.
Source: Wealth X
17. He invested from Amazon, Bezos’s venture capital firm Bezos Expeditions, private company Nash Holdings, Bezos Family Foundation, and his own money.
18. Jeff Bezos bought the Washington Post newspaper for 250 million —the post has been owned by the Graham family for 50 years.
19. In 2006, Amzon.com launched its video-on-demand service, initially Amazon Unbox on TiVo, it was eventually rebranded as Amazon Instant Video.
20. In 2012, Amazon bought its own south lake union headquarters building in Seattle for 1.5 billion, instantly making the company one of the largest commercial property owners.
21. In 2013, Bezos revealed an experiment by Amazon, called “Amazon Prime Air”, using drones to provide delivery services to customers. The first Prime Air delivery took place in Cambridge, England, on December 7, 2016
22. Bloomberg report: Mackenzie is due to start receiving the nearly 20 million Amazon shares that formed part of the divorce settlement worth $36 billion, 25% of Jeff Bezos’s share.
23. In the first quarter of 2020, AWS (Amazon Web Service) bought in a record $10 billion of revenue, accounting for 13.5% of Amazon’s total revenue.
Visits habit of Jeff Bezos
24. In 2017, Bezos posted a video, in which he was seen enjoying with his wife Mackenzie, his parents, and his siblings and their spouses in Roe Italy.
25. In another video, he was spotted while dog sledding at the Arctic circle.
Real Estate and luxury properties of Bezos
26. Jeff Bezos owns a 27,000 square foot home priced at $23 million —according to the Washington Post. His neighbors include Bill Gates (co-founder of Microsoft), Barack Obama (former American President), Ivanka Trump (daughter of Donald Trump).
27. He owns another property of 2.03 acres worth about $25 million and a $17 million apartment in Century building on Central Park West.
28. He owns a 65 million private jet, the 2015 Gulfstream g-650 ER, via his holding company, Poplar Glen.
Source: Wealth X
29. Jeff Bezos, the chief executive of Amazon, is buying three apartments in a Manhattan building in a deal reportedly valued at around $80 million, The penthouse encompasses 10,000 square feet throughout three floors with an additional 5,700 square feet of outdoor terraces. It has five bedrooms, five bathrooms, and three powder rooms.
Source: Wall Street Journal
30. He is also the owner of a $165 million expensive home at a nine-acre pace developed by Jack L Warner of Warner Brothers, a bookselling company.
31. Inside Bezos’s property, workers are constructing 10,000 years clocks —will run for 10,000 years. Bezos invested $42 million into this project.
Philanthropyworks by Jeff Bezos
32. Bezos launched a two billion philanthropic effort called -“Day One Fund”, the money will be split between efforts aimed at helping homeless families and creating non-profit preschools in low-income communities.
33. In March 2017 Jeff Bezos contributed $35 million to Seattle Fred Hutchinson Cancer Research Center
Source: New York Times
34. His family foundation has assets of more than $4 million, pledged to donate $25 million to the New York University Longone Hospital, Brooklyn.
Source: Wealth X
35. He donated $33 million for college scholarships for “Dreamers” —undocumented immigrants brought to the U.S as children and granted to stay in the country under the Obama era.
36. According to CNN reposts: Bezos and his ex-wife Mackenzie donated around $2 billion in 2008 —more than anyone else donated in that year.
37. He was in the news when Bezos invested in recovering the Apollo 11 engine from the Atlantic Ocean.
In a blog post, he said, “I am excited to report that, using state-of-the-art deep-sea sonar, the team has found the Apollo 11 engines lying 14,000 feet below the surface, and we’re making plans to attempt to raise one or more of them from the ocean floor.”
38. Jeff Bezos owns 16% of the company and whose estimated $190 billion personal fortune is now within sight of the GDP of Greece.
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