Bloomberg Billionaires Index

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

# 1 Jeff Bezos $111B

Random fact: Announced he's getting divorced in January 2019.

Overview

Bezos is the founder of Amazon, the world's biggest online retailer. The Seattle-based company sells books, household goods and other products through its flagship website. It also controls the Whole Foods grocery chain and offers cloud computing and video streaming services. Amazon reported revenue of $233 billion in 2018.

As of :
Last change -$845M ( -0.8%)
YTD change -$14.4B ( -11.5%)
Industry Technology
Biggest asset AMZN US Equity
Citizenship United States
Age 55
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Jeff Bezos's net worth of $111B can buy ...

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Latest News

Net Worth Summary

Cash
Private asset
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Confidence rating:

Bezos owns 12 percent of Amazon, the world's largest online retailer. His stake is disclosed in an August 2019 SEC filing. He held 16% of the company before a 4% stake was transferred into the name of MacKenzie Bezos following the pair's divorce. The terms of the separation were disclosed on April 4, 2019. The removal of these shares from the calculation resulted in a $36 billion drop in his net worth on that date.

He owns space exploration company Blue Origin, which is included at Bloomberg's calculation of investment cost. 

Determining a valuation for Blue Origin is difficult because of its nascent stage, the lack of details surrounding its strategy and the fact that Bezos is the sole shareholder with no apparent intent to sell, according to Chad Anderson, CEO of venture fund Space Angels. A Blue Origin director said at a 2014 space conference in Washington that the billionaire had invested "at least $500 million," 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. Since 2002, he's collected $7 billion selling Amazon shares, based on an analysis of Bloomberg data.

Bezos paid $250 million for the Washington Post in August 2013, which is included at cost.

The value of his cash investments includes these transactions, taxes and market performance. About $650 million was deducted from this balance on April 4, 2019, to reflect Bloomberg's estimate of the cost of his divorce outside of Amazon shares.

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

Biography

Birthdate: 1/12/1964
Family: Divorced, 4 children
Education: Princeton University

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 owns the Washington Post and also oversees Blue Origin, a space exploration company that seeks to lower the cost and increase the safety of spaceflight. He pledged $2 billion of his fortune toward preschool programs and support for homeless families in September 2018.

Bezos and his wife MacKenzie announced they are divorcing in a tweet on Jan. 9, 2019. MacKenzie received a 4% stake in Amazon as part of their separation.

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.
  • 2017 Becomes the richest person on earth.