Jeff Bezos Net Worth
Jeff Bezos net worth and salary: Jeff Bezos is the founder, chief executive officer, president and chairman of the board of Amazon.com, who has a net worth of $80 billion. While growing up in Texas, Bezos used his parents' garage as a laboratory for his science projects. Bezos attended Princeton University with a plan to study physics, but his love of computers shifted his studies, where he graduated summa cum laude, Phi Beta Kappa with a Bachelor of Science degree in computer science and electrical engineering. Bezos was a financial analyst for D. E. Shaw & Co. prior to founding Amazon in 1994. Bezos created Amazon's business plan during a cross country drive from New York to Seattle. Bezos 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. Bezos and his wife, MacKenzie Bezos, have four children, including an adopted daughter from China and three sons.
Net Worth details: Bezos owns 17% of Amazon. In the 20 years since Amazon went public, Bezos has sold $4.5 billion worth of his shares. 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. As of this writing, a single share of Amazon trades for $876. So, if you had been smart enough to take $10,000 and buy shares of Amazon in October of 2001, you'd have $1.7 million today before counting any dividends that they may have issued.