One of the most familiar ideas with today’s UG and PG students is to do a startup and be an entrepreneur. Although the field abounds with many risks, the number of people opting for startups is continuously increasing day by day. This is mainly because of the possibility of limitless growth of their business. One such person who is today not just an entrepreneur but the founder of the world’s largest retailer “Amazon” is Jeff Bezos.
He is a US-based businessman who also serves as the chairman and chief executive officer of Amazon. On 27 July 2017, he became the wealthiest person of the world after his net worth grew over $90 billion. With a net value of $112 billion, Forbes formally designated him as the wealthiest person of the world on 6 March 2018. Now let’s have a closer look at the net worth of Jeff Bezos in 2018.
Early Life & Biography:
Jeff Bezos was born on 12 January 1964 in Albuquerque city of New Mexico, United States. His mom Jacklyn Gise was just a seventeen-year high school student when he was born. His dad Ted Jorgensen was a bike shop owner while maternal grandfather Lawrence Preston Gise was a regional director in the “U.S. Atomic Energy Commission” (AEC) of Albuquerque.
For his primary education, he went to the Miami Palmetto Senior High School, Florida. There he successfully cleared all the exams and was rewarded with the “Valedictorian” title. He then went to Princeton University, New Jersey from where he graduated in electrical, and computer science engineering.
Just at the age of four, Jeff’s mom divorced his biological father and remarried with a Cuban immigrant named Miguel “Mike” Bezos. This was when Jeff’s surname was changed to Bezos. In 1992, while working in an MNC named “D. E. Shaw & Co., L.P.” in Manhattan city of New York, he met an American novelist named MacKenzie S. Bezos and fell in love with her. MacKenzie too was interested in Jeff, and so both got married just a year later. The couple is today blessed to have four children: three daughters and an adopted son from China.
Career, Awards & Nominations:
Due to his extraordinary talent in the technical fields, Jeff Bezos was offered jobs from various reputed firms like Bell Labs, Intel, and Andersen Consulting just after he completed his graduation. However, he joined a startup where his work was to develop a network for international trade. Soon he switched to the banking sector and from 1988 to 1990 he served as a product manager at “Bankers Trust.” From 1990 to 1994, he served as a senior vice president of “D. E. Shaw & Co., L.P..” Finally, he left all his jobs and on 5 July 1994, founded an online bookstore called “Amazon.”
From the day it was founded, Jeff had decided to expand the business to other sectors as well, and so just after three years, he offered an Initial Public Offering (IPO). Today, the company has grown to be the world’s largest retailer with a market cap of $850.66 billion. On 5 August 2013, Jeff bought the most reputed American daily newspaper “The Washington Post” for $250 million.
Net Worth & Earnings:
As of 2018, The total estimated net worth of Jeff Bezos to date is $155 billion. With this vast wealth, he has become the world’s wealthiest personality today. He has accumulated most of this wealth mainly from his online store Amazon. His net worth includes his house which is the most expensive house in Washington DC and costs around $23 million, a Ulysse Nardin Dual Time watch (cost $7700), another house in California (cost $24.5 million), a Chevrolet Blazer car (cost around $5000), and many more expensive things.
Jeff Bezos is today the world’s wealthiest personality but still a very calm person. He never boasts about himself and even during the early days of Amazon, he warned the investors that there was a 70% chance of Amazon getting failed. It was his brilliant technical and business mind which took the firm to its peak height, and today it is the world’s largest retailer. With the invention of Amazon, Jeff has not just made his own fortune but the retail store has also helped the people worldwide with its attractive features like an extensive collection of products, and Cash on Delivery payment facility.