Jeff Bezos, nicknamed Jeff Bezos, is an American businessman, investor, and computer engineer. He is the founder and current executive chairman of Amazon, an American multinational technology corporation. Jeff Bezos’s firm Amazon, which began as an online bookstore in his garage in Seattle in 1993, is the world’s second-largest corporation with a market value of more than $1.7 trillion. He previously worked as president and CEO of Amazon.
Bezos’ Net Worth- Various Sources of Income
In May, Amazon founder and CEO Jeff Bezos announced his resignation as the company’s chief executive officer (CEO) after more than 27 years at its helm. He has handed over duties to Andy Jassy so that he can devote more time to his space exploration business Blue Origin.
Jeff Bezos has been named executive chairman of Amazon. In a recent interview, Bezos stated that he sells $1 billion of Amazon stock each year to finance Blue Origin, his rocket firm. He made headlines several months ago when he successfully completed his first space journey for 11 minutes. The first time that humans were involved in a Blue Origin trip was on this mission, which also happened to be the 52nd anniversary of Apollo 11. Jeff Bezos is the second person to go into space. Blue Origin was founded by Jeff Bezos in the year 2000 with the goal of creating artificial gravity-based floating space colonies so that people may live and work there.
Blue Origin, which is located in Kent, Washington, and has a staff of 3,500, also produces rocker engines for satellite launches. The NewGlenn GS1 training simulator is on its way to LC-36. The aft, mid, and forward modules of the simulator represent the mass, center of gravity, external mold lines, and interfaces, and other components of the flight modules. According to Amazon’s most recent SEC filing, Bezos owns 55 million shares of the firm, which amounts to a 12% ownership stake.
He had 80 million Amazon shares at one point, but as part of his divorce settlement with MacKenzie Bezos in 2019, he gave her 19.7 million shares. After 25 years of marriage, the reality star and his wife MacKenzie announced their divorce in 2019. The value of the shares was approximately $36 billion at the moment of settlement, in line with Amazon’s current market price. Jeff has suffered a temporary decrease in his net worth of $150 billion to $114 billion as the result of the settlement.
Jeff Bezos also invested early in search engine giant Google, which he still has stock in. In April 2019, Jeff Bezos announced that he would contribute $100 million to Feed America, a non-profit organization that runs food banks and food pantries across the country. During the coronavirus epidemic, Amazon was accused by the general public and US senators of its labor practices regarding its warehouse employees.
Real Estate Investments by Jeff Bezos
Jeff Bezos is the owner of a slew of real estate properties in the United States. In Beverly Hills, he bought two homes last year. In July 2018, he paid $35 million for a mansion in Beverly Hills and $6.4 million for another mansion just feet away from his primary residence.