Jeff Bezos has a net worth of about $230 billion and is the third richest person as per Forbes real-time billionaires list. Jeff Bezos owns only about 8 percent of Amazon now. In this article, we will look into the details of Jeff Bezoz’s net worth.
Jeff Bezos – Founder of Amazon
Jeff Bezoz is popular as he is the founder and former CEO of Amazon. This played a significant part in his success and wealth. He as the founder of the world’s largest online retailer was able to make the most of the wealth from the success of the e-commerce platform. Last year the net sales of Amazon were about $575 billion. American citizens prefer Amazon over other e -e-commerce sites and about half of their purchases are made through Amazon.
Jeff Bezos invested $10,000 in starting Amazon in his garage in 1994. He is now the executive chair of the company. He resigned from the post of Amazon CEO in 2021. JeffBezoss has bout 926 million shares of the Amazon company now. Last month Jeff Bezoz sold shares of the Amazon company which was about $240 million.
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Other companies of Jeff Bezos
Bezos is the owner of The Washington Post. Jeff Bezos bought the company for $250 million. He became the owner of the washWashingtont in 2013. The traffic to the website of The Washington Post increased significantly after Bezoz became the owner of the company. It was able to surpass the traffic of the New York Times website at that time. According to the reports, the website traffic of the Washington Post has decreased by over 50 percent in the last few years. Last October the Washington Post lost a huge amount of subscribers as the company refused to endorse a candidate in the US presidential elections 2024.
Jeff Bezos is also the owner of another company named Blue Origin. It is a space exploration company. Blue Origin launched a reusable rocket in 2016. It is the first commercial company to do so. The crewed flight of blue origin reached 62 miles in space in 2021. Bezos was also a part of that flight. He has invested his wealth in the space exploration company Blue Origin.
Jeff Bezos’s Investments
Jeff Bezos has invested his wealth in other companies such as Uber, Workday, and Airbnb. He invested about $30 million in the app Uber in the year 2013. He has also invested in Wday which is worth more than $70 billion today. He has also invested in Nextdoor, Airbnb, Business Insider, and Cloud Paper.
Conclusion
Jeff Bezos had a remarkable journey from being an entrepreneur to one of the wealthiest men in the world. With his passion, he has inspired millions of people. He is continuing his mission in the space exploration business and other ventures.
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