With a net worth $177 billion,amazon Jeff Bezos has become the richest person in the world as of 2021.
Former (CEO) and current executive chair of global behemoth Amazon.com was responsible for managing a platform that accounted to up to 9% in all U.S. retail sales, and 51.2% for digital retail spending in 2020.
As digitalization reshapes human behavior and the revolution does the same to enterprise, the leader in online retail, with its high-flying cloud computing platform Amazon Web Services (AWS), is only forecasted to propel higher–spelling more good news for its founder.6
His boss tried to convince him to quit his job at D. E. Shaw & Co. when he had the idea for his ecommerce business. Bezos was raised by his Cuban immigrant mother and his stepfather. He dreamed of creating something new, telling his schoolteachers once that “the future for mankind is not here.”
This provides a list of over 30 of his major investments and projects as well as his philanthropic efforts. amazon Jeff Bezos’s investments aren’t concentrated in a few industries or market sectors. Instead, they cover a wide range of business areas and ideas.
- Jeff Bezos is most famous for being the founder and former CEO at Internet giant Amazon.com. He is still the executive chair.
- His net worth now exceeds $210 billion. This makes him the world’s wealthiest person and the most wealthy on the planet.8910
- Bezos also holds substantial investments in traditional investments such as real property, and a large number of shares in other well-known companies.
Amazon Beyond Books
Princeton University awarded the tech visionary a degree in electrical engineering and computer science. After graduating from Princeton, he declined job offers from Bell Labs and Intel to join Fitel. He launched a news-by fax service company along with Halsey Major, the founder of CNET. After the venture was unsuccessful, Bezos became D. E. Shaw’s youngest senior vice president, moving up the ranks in four years.
If Bezos hadn’t been fascinated by the fact that the Internet was growing at a rate of 2,300% per year, he might not have chosen to stay on Wall Street.12
Amazon.com was founded in 1995 as a platform to sell books. It started out of a garage equipped with a stove. Bezos, along with his wife and two programmers, invested $10,000 to start Amazon.com. The company sold over 500,000 books within the first month.
Bezos attempted to raise money during Amazon’s first year by projecting $74 million in sales by 2000. However, he was far from reality. In fact, $1 million was earned after he used up his investments from his family, primarily his parents who contributed a substantial portion of their savings. Amazon’s first 20 investors invested approximately $50,000 each to get a stake of 1%. Each investment would now be worth approximately $16.71 billion, representing a roughly 334,200 times return, given that the investors held onto their entire stakes and that they had never been diluted by later investors.17 In June 1996, Amazon raised another $8 million infirm Kleiner Perkins.
Amazon was one of few companies that survived after going public in May 1997. Amazon went public in May 1997 and was one of the few companies that survived.
Bezos became an early investor in Google in 1998. Although he has not disclosed the amount of stock he holds after the initial public offering in 2004, Bezos’ $250,000 investment would have been worth billions today.
Bezos purchased The Washington Post in August 2013 for $250 million.22 Within a few years, it surpassed The New York Times in terms of unique U.S. web viewers in October 2015.23
Amazon’s phenomenal growth is evident in Amazon’s share prices. Amazon’s share price has risen by more than 450% since January 2016, and more than 75% between January 2020 and January 2021. The company’s 2021 annual meeting announcement showed Bezos owning over 70 million shares.26
Amazon boasted $386 billion in net sales in the 2020 fiscal year.27
Bezos also holds substantial investments in traditional investments such as real property. Blue Origin acquired 165,000 acres of Corn Ranch in Texas to serve as its base of operations. It also serves as the test ground for the vertical-landing, manned suborbital New Shepard rocket.
His personal includes holdings on both the East Coast and West Coast. Bezos owns two multimillion-dollar properties in Beverly Hills, as well as a Manhattan apartment measuring 10,000 square feet in Century Tower. These apartments cost him less than $10 million. According to reports, Bezos’ New York presence has boosted Century Tower property value even more. Spaces are selling for anywhere from $2,000 to $3,000 each square foot. He also has a lakeside property in Washington state, on which he spent $28 million to increase the living space to almost 30,000 square feet amazon jeff bezos.
Amazon purchased its South Lake Union headquarters building in Seattle, Washington, for $1.5 billion. This made the company the largest commercial property owner in the city. Amazon acquired nearly a dozen buildings and almost 2 million square feet worth of office space. It also owns approximately 100,000 square feet retail space. The Seattle Times reported in August 2017 that Amazon owned as many office spaces as Seattle’s 40 largest employers.
Bezos has also made significant charitable contributions to give back. Bezos Family Foundation funds many education projects. Additionally, Bezos has made multi-million-dollar charitable donations to the Seattle Museum of History & Industry and to Princeton University.
MacKenzie Bezos, his ex-wife, announced a donation of $33 million to TheDream.US in January 2018. This organization works to increase college access for undocumented immigrants who arrived in the United States as children. The grant will provide college scholarships to 1,000 U.S. high school graduates with Deferred Action for Childhood Arrivals (DACA) status.
Media, High Tech Glass, and Travel
Bezos is a fan of technology and has invested in several media and communications services that help people connect and make it profitable. Bezos invested in Twitter, Inc., as well as the popular business news site Business Insider.7 Zocdoc Inc., Nextdoor, are also platforms that connect people.
Bezos invested more than $30 million in Uber, a transportation company. Bezos is a big believer in the cloud, as evidenced by Amazon’s major push into providing cloud computing services.6 However, his investment interest does not end with his own company. Workday, Inc., which provides cloud-based human resources services, is one of his most notable investments.35 amazon Jeff Bezos also invested in Glassybaby, which makes votive candle holders.736
Bezos’ two most prominent investments, which are also considered to be a little out of the ordinary, include the 10,000-year clock project and the F-1 engine retrieval program. The 10,000-year clock project, which aims to install a clock in the Sierra Diablo mountain range of Texas, is a clock that will literally keep ticking for 10,000 year. A chime generator will be used to generate a unique chime sound each day. It seems like quite a daunting task to come up with 10,000 x 360 different chimes. Bezos explained the need for the clock by saying today’s global problems require “long-term thinking.”37
F-1 engine retrieval was an attempt to salvage the engines from the ocean floor that powered Apollo 11’s flight to the Moon. Two F-1 engines were used to make displays. The artifacts were donated to Seattle’s Museum of Flight in 2015.38
Bezos now has the opportunity to realize his childhood dream and become a space entrepreneur, thanks to his growing wealth. Blue Origin, his space exploration company, contributes $1 billion each year to the fund. In 2016, Blue Origin was one of the first commercial companies in the world to launch a reusable satellite.
Blue Origin sent the New Shepard spacecraft to high altitude on July 18, 2018. This was to verify its safety systems.41 Bezos, Mark Funk, an aviation pioneer, and Oliver Daemen, a Dutch student, boarded the New Shepard. They completed Blue Origin’s first crewed flight. The New Shepard reached an altitude just over 62 miles and landed safely.