Jeff Bezos become the world’s richest man: Know How!


Who is Jeff Bezos?

Jeff Bezos is from the United States; he is best known for founding Moreover, Jeff is a philanthropist, businessman and space explorer. His achievements were that, he is the founder, CEO, president, and chairman of the board. In July 2017, he became the first person to exceed Bill Gates in terms of fortune.

The most interesting part is that Jeff Bezos was the wealthiest person for three consecutive years, starting from 2017 to 2021.

Jeff Bezos
Jeff Bezos

About Jeff Bezos

Firstly, In 1994, Jeff Bezos launched e-commerce giant Amazon from his Seattle garage. But, on 5th July 2021, he became the executive chairman of Amazon, leaving the CEO position.

This covid pandemic period proved lucky for Amazon as people made a huge online purchase. The company observed a 38% hike in their sales, which reached $386 billion in 2020.

Bezos said in April 2020 that he would donate $100 million to Feed America, an organization that runs food banks and pantries across the United States.

Senators and the general public have criticized Amazon for handling warehouse employees during the coronavirus outbreak.

In 2019, Jeff Bezos completed 25 years of marriage with his wife, Mackenzie and in the same year, they divorced each other, and jeff gave 16% share of Amazon to his wife.

Net Worth of Jeff Bezos

The net worth of Jeff Bezos is $ 188 million.

At one point in time, jeff held 80 million shares worth $36 billion of Amazon. He handed 19.7 million shares to his ex-wife MacKenzie Bezos as part of his April 2019 divorce settlement with her. His net worth was temporarily cut from $150 billion to $114 billion due to the settlement.

Even at one time, Jeff invested in via pre-IPO, and he currently owns $1 billion shares of Alphabet Inc stock.

Jeff was not even among the top 10 or top 20 of the world’s wealthiest individuals during much of the 2000s. Stocks of Amazon suddenly began rising in 2014, and the net worth of Jeff was $50 billion in 2015. However, it got double in less than two years. In July 2017, Jeff Bezos became the world’s richest man while leaving Bill Gates behind. Jeff’s net worth had reached an all-time high of $170 billion at the moment.

Early Life of Jeff Bezos

Bezos founded the Dream Institute, which encouraged young students to think creatively while still in high school. After completing his graduation from Princeton University in 1986 in electrical engineering and computer science, he worked for several positions and then, he joined  the investment bank D.E. Shaw & Co. in 1990. As the firm’s youngest senior vice president, he quickly promoted. Bezos was in charge of researching the Internet’s financial potential.

Its immense potential in business creativity was motivated by the fact that web usage was rising at a rate of more than 2,000 per cent each year. He left D.E. Shaw in 1994 to create a virtual bookstore in Seattle, Washington. Bezos began creating the site’s software from his garage with a small team of employees.