Jeff Bezos, one of the richest men in the world, maybe trying to find a cure for aging, but what does he really do with his $200-billion net worth? How is he giving back to the community and what did he mean when he thanked Amazon workers and customers for paying for his space trip?
Even fuel for rockets and dreams of space won’t clean up his accounts and that probably makes him sad. So, what next? Bezos created a start-up to reverse the ravages of aging. If you were wondering what Jeff Bezos does with his money, we have your answer.
|Net worth||$200 Billion|
|Date of birth||January 12, 1964|
|Height||6 feet 1 inch|
|Profession||Entrepreneur, media proprietor|
The world’s richest man has found his new obsession, the quest to defeat aging. Bezos threw in a whole lot of money on Altos Labs, an enterprising start-up trying to reverse aging by reprogramming human cells.
Jeff Bezos and His Net Worth
Yes! Yes, he does. Jeff Bezos’ net worth amounts to a whopping $200 billion. He is best known for creating the e-commerce giant Amazon back in 1994 out of his garage in Seattle. Bezos is the founder, then CEO and now President and Chairman of the board of Amazon. He surpassed Bill Gates in terms of wealth back in July 2017. From October 2017 to January 2021, he was the wealthiest man on earth — without interruption, we must add.
Life at Amazon
Bezos was fascinated with the nascent world wide web just a year before he launched Amazon. He desperately felt the need to sell something online. So, in fact, Amazon started by selling books. Bezos then worked out Amazon’s business plan while cross-country driving from New York to Seattle.
He officially founded the company in 1994. The e-commerce giant that Amazon is today roots in humble beginnings in Bezos’ garage. Amazon is the one-stop shop for everything, from groceries to computers.
Despite the declining economy, Amazon thrived during the pandemic and revenues grew by 38% to $386 billion as people stayed home and made online purchases in 2020 alone. Most current and former employees attribute the success of the innovative ideas of the company to Jeff Bezos.
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Jeff Bezos Net Worth and Real Estate
In 2020, Bezos paid $255 million for two properties in Beverly Hills. The first property cost him $165 million and is called the Jack L Warner estate. It covers 10 lush acres in Beverly Hills and features a 13,600-square-foot main house.
His second property was bought in February 2020. A 120-acre vacant hilltop called Enchanted Hill. Some of his other real estate assets include:
- The Beverly Hills mansion in July 2018 for $12.9 million.
- A mansion acquired in 2007 right next door to his Beverly Hills home for $24.5 million.
- A $23 million mansion in Washington D.C., that measures 27,000 square feet of living space.
- 300,000 acres in Texas including multiple ranches.
- 3 units in 25 Central Park West in Manhattan.
- $10 million 5-acre property in Medina, Washington.
- And a $50 million mansion next door to his property in Medina.
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- Bezos owns Blue Origin, an aerospace company that currently is developing rockets for commercial use.
- Bezos travels with an entourage. His parents, siblings and in-laws always tag along in his adventures around the world.
- Bezos invested $42 million in an enormous “10,000-year clock” built by the Long Now Foundation.
- Jeff Bezos found the organization called Bezos Expeditions. The organization funds the ideas, businesses and personal interests of Bezos.
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Jeff Bezos Net Worth and Charity
Jeff Bezos donated $10 billion to launch the Bezos Earth Fund. The fund is to help non-profits that work towards improving the climate crisis. He even paid out close to $790 million to 16 groups so far. And one of his contributions includes a $100 million donation to Feeding America, an organization that supplies to more than 200 food banks for the underprivileged.
Bezos contributed $2 billion to support the homeless and children with their early childhood education. He sent $100 million to non-profit organizations that work towards providing shelter to homeless families across the country. Bezos’ charitable gifts (known), total up to more than $13 billion, which ranks him among the biggest donors ever.
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Bezos and MacKenzie Scott
Meanwhile, another major Amazon stockholder is giving away her fortune in greater numbers and much faster. Any guesses? Bezos’ ex-wife, MacKenzie Scott.
Scott married Bezos in 1994, the same year Bezos founded Amazon. The couple split in 2019. And Scott got a quarter of Bezos’ Amazon shares. It amounted to a 4% stake worth $34 billion at the time.
In July 2020 she announced her first round of giveaways which amounted to $1.675 billion awarded to 116 organizations. One such was Howard University, a historically Black university. A portion even went to the Jackie Robinson Foundation, which supports equality in education.
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Could Bezos Become a Trillionaire?
Anything can happen! Our best bet is that he’s almost getting there. But it is questionable if he’s just relying on his Amazon shares to get there. But if the company’s market cap would exceed $8.3 trillion, then yes, it’s possible.
Meanwhile, we’re hoping his contribution to society and the community will continue and, most probably, multiply.