Is Jeff Bezos’ net worth?
Jeff Bezos is the second-richest person in the world. much of that fortune is due to the company he founded, Amazon. Amazon has grown from a modest book retailer to becoming one of the largest retail stores worldwide. Amazon was the first step but it isn’t the only business that brought the Bezos family billions. He also is the owner of The Washington Post, founded an aerospace firm called Blue Origin, and is building a 10,000-year clock.
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Amazon was initially launched as an online store. Bezos created Amazon.com in the garage of his home in Seattle in 1994. After achieving rapid success and earning millions just a few years after the launch, Amazon expanded into selling additional products, including toys, CDs, and electronics.
In 2007 Amazon began the process of releasing its own products beginning with the Amazon Kindle and then the Amazon Fire tablet in the year 2011. Today, Amazon has gone far beyond selling books and has a range of products that include clothing, electronics, skin care as well as home decor, and food items.
Amazon also offers a variety of its own services and products including Prime Video, Amazon Music, Fire TV, Amazon Alexa, and many more.
Jeff Bezos is the founder of Amazon which has grown to become one of the largest retail stores around the globe. He left his position as CEO in 2021 and is currently the company’s Executive Chairman.
In the year 2019, Bezos as well as his spouse MacKenzie split after being married for more than 25 years. Following the divorce, MacKenzie received a 4 percent share in Amazon. The company was sold in July of 2021. Bezos quit as CEO of Amazon and was appointed the Executive Chairman of the company. In 2021 the company sold 8.8 billion shares of its stock and is now a little less than 10 percent of the company in accordance with Forbes.
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In addition to Amazon, Bezos also is the owner of his own newspaper, the Washington Post, which was purchased in 2013 by him with a purchase price of $225 million. Additionally, he owns his aerospace business, Blue Origin, which was established in the year 2000. As per Blue Origin’s Blue Origin website, Bezos envisions a world in which “millions of people are living and working in space for the benefit of Earth.” Bezos believes that to save the earth humans need to discover new sources of energy and resources and move the industries that create a lot of stress on Earth to space.
To achieve it, Blue Origin is working to create recyclable launch vehicles that can in turn lower prices for space exploration. The month of July 2021 was the time that Bezos took Blue Origin’s first space flight along with passengers on the New Shepard rocket, which was about 10 minutes long. Bezos has claimed that Blue Origin has sold more than a hundred million flights to future flights in the past. As per MarketWatch, Bezos spends approximately $1 billion annually to finance Blue Origin.
On July 20, 2021, Jeff Bezos boarded Blue Origin’s spacecraft for the first time with other passengers aboard the New Shepard rocket. (Joe Raedle/Getty Images / Getty Images)
Another initiative that Bezos has completed includes the 10,000-Year Clock. Bezos is in the process of building a clock worth $42 million in Texas that, as per The 1,000 Year Clock website it will be “a special clock designed to be a symbol, an icon for long term thinking.” The clock will run every year, the century hand is moved every 100 years, and the cuckoo sounds will sound upon the millennium.
So, what’s the value of one of the wealthiest people on the planet? The company that was born out in a garage located in Seattle has played a role in Bezos’s wealth of around $182 billion as per Forbes. He’s been at the top of the Forbes Billionaire list before, however, he frequently swaps with Elon Musk to fill the top spot. Although he makes an enormous amount of earnings through the sale of his Amazon shares, the majority of his attention these days is on Blue Origin.