The richest person ever to walk the Earth (at least in modern human history) is the 54- year- old Jeff Bezos. He is an American technology entrepreneur, investor, and philanthropist. He is the founder, chairman, and chief executive officer of biggest online retailer website ‘Amazon’.
Bezos was born in Albuquerque, New Mexico, and raised in Houston, Texas . He comes from a humbling background and he has made himself a fortune like no one else ever did.
Amazon’s CEO Jeff Bezos is the first person with a net worth surpassing $150 billion in the 3 decades that Forbes has tracked the richest Americans.
Bezos owns 16% of the world’s largest online retailer Amazon, which he started in a garage in Seattle back in 1994. However, his empire comprises not just Amazon, but also a newspaper, rocket company, multi-million properties, coupon website, grocery giant and much much more.
His net worth is even greater than some of the countries’ GDP. To give a perspective of Jeff’s massive wealth here is a stat: According to an estimate, spending $88,000 to him is similar to an average American spending $1. Woah!
Jeff Bezos just keeps breaking new financial records as the years go by. Although Amazon started off as nothing more than an online bookstore, Jeff managed to reinvent online shopping forever and went on to become the richest man in the world.
The American entrepreneur knew what he wanted to achieve when he launched Amazon, and no one could stop him from quitting his decent Wall Street job to make his dream a reality. By working hard, employing specific business strategies, and thanks to a little financial help from his parents and some luck, he’s now the #1 on Forbes’ richest list. But what Bezos does with that sort of money? Here are 9 extremely expensive possessions of Jeff Bezos.
1. Amazon Website
Jeff Bezos founded Amazon, the source of much of his wealth, on July 5, 1994. The company has steadily grown over the last two decades, and now sells a wide variety of consumer products, electronics, and digital media. The Whole Foods acquisition has further boosted Amazon’s worth.
Amazon’s rise is the primary source of Bezos’ $150 billion fortune. Bezos has made several investments in other companies, both on a personal level and through his venture capital firm Bezos Expeditions. Bezos personally invested in Google in 1998, and his $1 million early investment would likely have made him a billionaire even without his extensive Amazon wealth.
2. Multiple Lavish Properties
Bezos invests heavily in property. He’s one of the country’s biggest landowners, and he and his family own at least five homes across the US. One estate, with two homes on 5.3 acres of land, is located in Medina, WA, not far from Amazon’s Seattle headquarters. Bezos also owns a Spanish-style mansion in Beverly Hills, California. He also owns a ranch in Van Horn, Texas.
He purchased a townhouse in Washington, DC in 2016. It is regarded as the biggest house in the capital. Billionaire’s property, which links luxurious Pope and Woodhouses with a walkway, includes two lifts, a ballroom and a whiskey cellar
Also, his parents own three condos in the Century building at 25 Central Park West in Manhattan, New York.
3. Blue Origin – A Rocket Company
CEO of e-commerce giant Amazon, Bezos is also the founder of Blue Origin, a rocket company that plans to make space travel possible. Bezos reportedly puts $1 billion a year into this company he founded in 2000, through the sale of Amazon stock to fund the spaceflight programme which aims to take customers on 11-minute space rides.
His long-term goal is to cut the cost of space travel so millions of people can someday live – and work – off Earth.
4. The Whole Foods
Amazon has steadily grown over the last two decades, and now sells a wide variety of consumer products, electronics, and digital media.
The Whole Foods acquisition has dramatically boosted Amazon’s push into the grocery world. A recent report from OneClickRetail estimates that Amazon now has an 18% share of the US online grocery market.
5) The Washington Post: Newspaper
Jeff Bezos also owns the over-140-year-old newspaper ‘The Washington Post’. Nash Holdings, a private company owned by Bezos, bought the newspaper in August 2013 for $250 million.
6. Gulfstream G650ER – A Private Jet
Jeff is mostly known for being tight with his money. But that’s not exactly right as he spends big on things he wants to. An example of it is his lavish private jet. In 2015 he bought a $65 million Gulfstream G650ER – a private jet with a range of 7,500 miles and decor closer to a Michelin star restaurant than a passenger plane.
7. Personal Security
Amazon company spent $1.6 million on private security for Jeff Bezos in 2016. This money was in addition to the security already provided to him at Amazon facilities, according to a filing by Amazon with the Securities & Exchange Commission.
Amazon justified the massive sum by pointing to his relatively low salary – just $81,840 – and the fact he did not receive stock options that year. In comparison, Oracle is said to have spent $1.5 million for founder Larry Ellison in 2015 and Apple spent just over $200k for CEO Tim Cook the same year.
8. 10,000 Year Clock
The American businessman also supports some very unusual ventures, like the Long Now Foundation, which seeks to build a giant mechanical “10,000 year clock” underground in West Texas. It’s meant to function for the next 10,000 years. How cool would that be?
The clock is intended to be a “symbol for long-term thinking,” according to a tweet from Bezos.
9. Philanthropic Work
Although Bezos has not engaged in public philanthropy to the same extent as many of his hyper-billionaire peers like Warren Buffett and Bill Gates, who have both pledged to donate the majority of their fortunes to charity. However, the Amazon founder has supported Mary’s Place, a Seattle organization that provides shelter and employment training to those who are homeless, and TheDream.US, which supports people who were brought to the US as undocumented immigrants when they were children.
Also Bezos Family Foundation has done significant charitable work and it continues to do so till this day. Jeff has also donated huge sums to Seattle’s Fred Hutchinson Cancer Research Center, the University of Washington Foundation, and his Alma mater Princeton University.