[Latest] Jeff Bezos Net Worth 2024: Salary, Net Worth in Rupees (INR), Income

Many of you would know the song 'Bezos I', which goes like, '… CEO, entrepreneur; Born in 1964; Jeffrey; Jeffrey Bezos;… Come on, Jeffrey, you can do it; Pave the way, put your back into it…' (it is not the end of the song).

So, now you can conclude who is being mentioned here—the founder of Amazon, Jeff Bezos. His journey from starting an online bookstore in 1994 to becoming one of the richest people in the world is truly inspiring.

Jeff Bezos, a.k.a. Jeffery Bezos, born on January 12, 1964, is an influential American business magnate, best known as the founder and former CEO of Amazon, the world's largest e-commerce and cloud computing company.

Recently, this successful business mogul has acquired the 4th position on the Forbes list of the world's richest people, with a net worth of over $200 billion (1.68 lakh crores INR). His innovative thinking and relentless drive have propelled Amazon to incredible heights, revolutionising how we shop and consume goods.

Who is Jeff Bezos?

Jeff Bezos, the founder of Amazon, is currently ranked fourth among the world's wealthiest individuals, recently eclipsed by Mark Zuckerberg, who has moved to third position. Born on January 12, 1964, in Albuquerque, New Mexico, Bezos has transformed the e-commerce landscape and has ventured into space exploration with his company Blue Origin.

Early Life

• Jeff Bezos was born to teenage parents, Jacklyn Gise and Ted Jorgensen, who separated shortly after his birth.
• At the age of four, he was adopted by Miguel Bezos, a Cuban immigrant who became a significant influence in his life.
• Bezos exhibited an early fascination with technology.
• He converted his parents' garage into a laboratory and built various contraptions as a child.
• The family moved to Houston, Texas, where Bezos attended River Oaks Elementary School before relocating to Miami.
• He graduated as valedictorian from Miami Palmetto High School in 1982.
• During high school, he initiated his first business venture—a summer camp called the Dream Institute for younger students—demonstrating his entrepreneurial spirit early on.

Education

• Bezos attended Princeton University, where he initially pursued a degree in physics but later switched to electrical engineering and computer science.
• He graduated summa cum laude in 1986. At Princeton, he was actively involved in student organisations focused on space exploration.
• He was recognised for his academic excellence by being elected to prestigious honour societies such as Phi Beta Kappa and Tau Beta Pi.

Career Highlights

• After graduating from Princeton, Bezos worked on Wall Street at several firms, including Fitel and D.E. Shaw & Co., where he became the youngest vice president at age 30.
• In 1994, recognising the potential of the Internet, he left his lucrative job to start Amazon.com from his garage in Seattle.
• Initially an online bookstore, Amazon has since evolved into one of the largest e-commerce platforms globally, expanding its offerings to include cloud computing services through Amazon Web Services (AWS) and various consumer products.
• In addition to Amazon, Bezos founded Blue Origin in 2000, intending to reduce space travel costs and enable human colonisation of space. He also purchased The Washington Post in 2013.

Personal Life

• Bezos married MacKenzie Scott in 1993.
• They have four children together but divorced in 2019.
• Post-divorce, he retains a significant stake in Amazon while Scott has become known for her philanthropic efforts.
• As of October 2024, Bezos's estimated net worth is approximately 1.68 lakh crores in Indian rupees, which is equivalent to around $200 billion. He is currently in a relationship with Lauren Sánchez.

What is the current net worth of Jeff Bezos?

As of October 2024, Jeff Bezos has an estimated net worth of approximately $204.4 billion. This positions him as the fourth richest person in the world, having been surpassed by Mark Zuckerberg, whose net worth stands at around $206 billion.

7 lesser-known facts about Jeff Bezos

Here are some lesser-known facts about Jeff Bezos:

1. Cameo in a Movie: Bezos made a cameo appearance in Star Trek Beyond, fulfilling a lifelong dream as a huge fan of the franchise. He played an alien Starfleet official, showcasing his passion for science fiction.
2. Unique Desk Design: In the early days of Amazon, Bezos and his team used wooden doors as desks to save money. This frugal approach became emblematic of Amazon's culture and is still referenced today.
3. No Alarm Clocks: Bezos does not use an alarm clock and prioritises getting a full eight hours of sleep each night, emphasising the importance of rest for productivity.
4. Superstitious Rituals: He is known to wear "lucky boots" during Blue Origin rocket launches, believing they help prevent failure. This quirky superstition reflects his approach to risk and success.
5. Helicopter Crash Survivor: Bezos survived a helicopter crash in 2003 due to strong winds that caused the pilot to lose control. Fortunately, all passengers emerged without serious injuries.
6. Pioneering Space Exploration: Bezos founded Blue Origin in 2000, two years before Elon Musk started SpaceX. His vision for Blue Origin includes making space travel more accessible and eventually colonising other planets.
7. Philanthropic Contributions: In addition to his business ventures, Bezos has made significant donations to various causes, including pledging $690,000 to help combat Australian bushfires and contributing $100 million to food banks during the COVID-19 pandemic.

Some of Jeff Bezos' most Ambitious Projects

Jeff Bezos has embarked on several ambitious projects that reflect his vision for the future. Here are some notable ones:

• Blue Origin: Founded in 2000, this aerospace company aims to lower the cost of space travel and make it accessible to the public. Blue Origin's New Shepard rocket successfully conducts suborbital flights, and Bezos envisions a future where humans can colonise space, ultimately preserving Earth's resources by moving some activities off-planet.
• The 10,000-Year Clock: Also known as the Long Now Clock, this project aims to create a clock that will run for 10,000 years. Located inside a mountain in West Texas, it is designed to encourage long-term thinking and reflection on humanity's future.
• Amazon Prime Air: This initiative focuses on using drones for package delivery, aiming to revolutionise logistics and reduce delivery times. The project has faced regulatory hurdles but represents a significant leap towards automated delivery systems.
• The Climate Pledge: Announced in 2019, Bezos committed Amazon to becoming carbon neutral by 2040, ten years ahead of the Paris Agreement goals. This includes investments in renewable energy and electric delivery vehicles, as well as a $100 million reforestation program.
• Healthcare Ventures: Bezos co-founded Haven in collaboration with Berkshire Hathaway and JPMorgan Chase to improve healthcare services for their employees. This venture aims to reduce costs and enhance patient satisfaction through innovative technology solutions.
• Investments in Longevity Research: In 2021, Bezos co-founded Altos Labs, a biotechnology company focused on cellular reprogramming to develop therapies aimed at extending human life. This reflects his interest in health and longevity innovations.
• Acquisition of The Washington Post: In 2013, Bezos purchased the newspaper for $250 million. He has since applied Amazon's business strategies to modernise the publication, increasing its reach and traffic significantly while exploring new revenue models.

In Case You Missed| Mark Zuckerberg Surpasses Jeff Bezos: Meta's Exceptional Comeback