Bloomberg Billionaires Index

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns.

#3 Jeff Bezos $83.2B

Random fact: Survived a helicopter crash in southwest Texas in 2003.

Overview

Bezos is the chairman and largest shareholder of Amazon, the world's biggest online retailer. The Seattle-based company operates retail websites Zappos and Audible, serves as a platform for third-party vendors, and provides cloud computing services. Publicly traded Amazon had revenue of $136 billion in 2016.

As of May 24, 2017:
Last change -$655M (-0.8%)
YTD change +$17.9B (+27.3%)
Industry Technology
Biggest asset AMZN US Equity
Citizenship United States
Age 53
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Jeff Bezos's net worth of $83.2B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

0%
of the GDP of the United States
0%
of the total wealth of the 500 richest people in the world
0%
of the top 100 U.S. college endowments
0%
of the top 200 U.S. executives’ total awarded compensation
0%
of U.S. existing home sales
0
times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Bezos's fortune is derived from his 17 percent holding in Amazon.com, the world's largest online retailer. His stake is disclosed in a May 2017 SEC filing.

He's also sole owner of space exploration company Blue Origin, which is included at a calculation of his possible investment cost. The implied value places Blue Origin between the $1 billion valuation Richard Branson received for Virgin Galactic in 2009 and the $12 billion valuation Elon Musk's SpaceX saw in a 2015 funding round. Blue Origin aims to reduce launch costs, put millions of people to work in space and eventually move industrial and manufacturing industries off-planet,

Determining a valuation is difficult because of its nascent stage, the lack of details surrounding its strategy and the fact that Bezos is sole shareholder with no apparent intent to sell, according to Chad Anderson, CEO of venture fund Space Angels. A Blue Origin business development director said at a 2014 space conference in Washington that the billionaire had invested "at least $500 million" in the business, which is accounted for in equal amounts over 13 years beginning in 2001, the year Blue Origin was incorporated. Bezos said in April 2017 that he funds the enterprise through the sale of "about $1 billion a year of Amazon stock." After-tax proceeds from known share sales from 2015 to 2017 are deducted from his cash balance and categorized as funding for Blue Origin.

Bezos paid $250 million for the Washington Post in August 2013, which is deducted from cash and included at cost. His 3 percent stake in Business Insider is derived from the price Axel Springer paid to acquire 88 percent of the news site in September 2015. He also owns 2 percent of Aimmune Therapeutics.

The value of his cash investments is based on these funding costs, insider transactions, dividends, taxes and market performance.

Drew Herdner, a spokesman for Amazon, declined to comment on Bezos's net worth.

Biography

Birthdate: 1/12/1964
Family: Married, 4 children
Education: 1986, Princeton University, Bachelor's Degree

Jeff Bezos is a former Wall Street computer engineer who created Amazon in 1994 to sell books online. After an initial public offering in 1997, Amazon stock shot up almost 40-fold, sending Bezos's personal fortune above $12 billion. By the time the technology bubble had finished deflating in 2001, his shares were valued at less than $2 billion.

The Princeton graduate built his reputation on long-term thinking and focusing on customer service. Today, Amazon sells millions of different products, many of which are purveyed by third-party vendors that rely on Amazon's data management services to help fulfill their orders.

The company introduced the Kindle electronic book reader in 2007. It's now Amazon's biggest-selling item. Four years later, Amazon released the Kindle Fire, putting the company in competition with Apple in the tablet computer business.

Bezos also oversees Blue Origin, a space exploration company that seeks to lower the cost and increase the safety of spaceflight.

Milestones
  • 1964 Jeffrey Bezos is born in Albuquerque, New Mexico.
  • 1986 Graduates from Princeton University. Takes job at Bankers Trust.
  • 1994 Founds Amazon.com to sell books online.
  • 1997 Lists Amazon in an initial public offering at $18 per share.
  • 1999 Named Time magazine's Person of the Year.
  • 2003 Survives a helicopter accident in southwest Texas.
  • 2007 Introduces the Kindle electronic book reader.
  • 2010 E-book sales surpass traditional book sales on Amazon.com.
  • 2013 Purchases the Washington Post newspaper for $250 million.