Bezos has the kind of money that most people can only dream of, but how much does he actually earn? If we break it down a little further, how much does Jeff Bezos make per second?
This article will answer all of these questions, so keep reading if you want to find out more about Jeff Bezos and his wealth!
Who Is Jeff Bezos?
Jeff Bezos was born in 1964 in Albuquerque, USA. He was not born into money and worked very hard to achieve everything he has now. According to sources close to him, he always displayed an interest in science and technology, which isn’t surprising considering what he has achieved.
Surprisingly, Bezos worked in McDonald’s to make some money when he was in high school. In addition, Bezos was valedictorian, a National Merit Scholar, and a Silver Knight Award winner, showcasing his many talents. Graduating summa cum laude from Princeton University with a 4.2 GPA, Bezos has always been dedicated and hard working.
On the business side of things, Bezos is the founder of Amazon, one of the largest eCommerce platforms in the world. It began as an online bookstore but has expanded into a wide variety of services, including a streaming service, cloud computing, and, more recently, artificial intelligence.
As of this article, Amazon is the world’s largest online sales company, and several other titles, including the largest internet company by revenue. Therefore, it's no surprise Jeff Bezos’ net worth is very high.
However, Amazon was founded in early 1994, so Bezos did have to work before this, which helped him build up his knowledge. He worked at Fitel first before moving to Bankers Trust in 1988.
In 1990 he moved to D. E. Shaw & Co, a new hedge fund at the time, having a strong emphasis on mathematical modeling, ideal for Bezos. From there, he started building up Amazon, which has now become one of the most recognized brands in the world.
Breaking Down Jeff Bezos’s Income and Wealth
The former Wall Street computer engineer gets most of his income from Amazon. It’s interesting to know that if you look at Bezos’ annual salary, it’s not actually as high as you’d expect.
From Amazon, he pays himself $81,840, which is not what you would expect one of the wealthiest people on Earth to earn. In 2020, it was reported that Bezos didn’t take any bonuses, stocks, or options but did earn $1.6 million from other types of compensation. What they are though, is unknown.
What is known is that the majority of Bezos’ net worth and fortune comes from Amazon stock. The prices for this are stable, if not rising, so it’s a fairly hefty income for Bezos, who happens to own 10.3% of Amazon shares. As of the writing of this article, Jeff Bezos’ net worth was sitting at $181.1 billion.
However, although we’re only two months in, it’s been reported that Bezos has lost about $25 billion this year. Although, the net worth of individuals is always changing rapidly, so it’s important to keep your eye on this and stay up to date if this is information you are interested in.
What Is Jeff Bezos’ Annual Income?
From 1998 until 2021, Bezos’ base salary of $81,840 has remained the same. He also has an additional $1.6 million coming in from other methods of compensation. Therefore, Bezos’ annual income is about $1,681,840.
While looking at his annual income, you might not truly understand just how massive this amount is. To put it into perspective, let’s look at it this way:
Average Person:
- $51,000–$70,000 annually
- $4,250–$5,830 monthly
- $100–$300 per day
If we compare this to what Bezos earns, it looks like this:
Bezos:
- $1,681,840 annually
- $140,153 monthly
- $32,343 weekly
- $4,608 daily
- $192 hourly
As you can see, Bezos earns in a day what the average person with a decent-paying job earns in an entire month. So, if you have ever found yourself wondering how much Jeff Bezos makes a day, now you know the answer is over $4,000.
However, it’s important to note that this is only based on his earnings from paying himself from Amazon. We are not counting any of his other ventures. As such, it’s a fair deduction to make that he actually earns a lot more than this.
How Much Does Jeff Bezos Make per Second
Now that we have taken a closer look at Jeff Bezos’ finances and broken them down a little, we can look at the question that probably piqued your interest in the first place: how much money does Jeff Bezos make a second?
Well, in October 2021, Business Insider reported that Jeff Bezos earns approximately $2,537 per second in total. That is over half of what the average USA full-time worker makes in a month, in a single second.
The majority of the money that Bezos has accumulated comes from Amazon and his numerous other profitable adventures. Bezos ensures that his fortune stays current by pursuing multiple other avenues such as newspapers, real estate investments, technology, media, charitable trusts, and many more.
Interesting Facts About Jeff Bezos
Something that not many people might know about Bezos is that he has always been passionate about space. He spends approximately $1 billion each year on Blue Origin, an aerospace company. He founded this company with the goal that millions of people will be working and living in space to benefit the Earth in the future.
Another interesting fact about Bezos is that he founded Amazon from his garage, as there was nowhere else for him to work. He launched a website prototype and asked around 300 of his friends to beta test it.
Additionally, in 2013 Bezos acquired The Washington Post for $250 million. At the time, Bezos was estimated to be worth around $25 billion, and as soon as the purchase went through, shares rose by 5.5% in the after-hours trading. When Bezos took over the Washington Post, it was a struggling newspaper that was barely making it, but under the ownership of Bezos, it started to turn a profit in 2016 and has been able to continue since.
Bezos became a self-made billionaire in 1999 when he was only 35 years old. He has certainly come a long way since first making the list back in 1999 with his first billion. Another interesting fact is that in August 2020, Bezos became the first person in modern history to have a fortune over $200 billion. However, not long after the announcement that he had made this achievement, Bezos stepped down as CEO of Amazon.
While he is one of the richest men on the planet now, he did not always have it easy in life. In 2003, Bezos survived a helicopter crash without any major injuries but said he now avoids helicopters as much as possible.
Additionally, he didn’t come from money. His mother was still in high school when she had Bezos, with his father being only 19 at the time. His mother then married another man, who adopted Jeff, giving him the surname Bezos. Hard work has always been a large part of Bezos’ life, with his intelligence being a huge part of the reason he is where he is today, proving that it is what you know and not just who you know.
A final interesting fact that you might not know is that the Bezos Day One Fund aims to establish a network of nonprofit preschools and aid organizations working with homeless people. As of 2021, he has given over $300 million of the $2 billion he has pledged. He also launched the Earth Fund, a climate change charity that aims to help Earth. He has promised $10 billion to the initiative.
Conclusion
In conclusion, Jeff Bezos, the second richest person globally, earns an insane amount of money. When combining all of his ventures, earning approximately $2,537 per second is more than anyone can dream of.
It’s tough to swallow just how much the richest people in the world are earning. But, Bezos has worked hard for what he has, and he is an intelligent man who allowed his drive to push him to achieve great things.
Let’s face it, where would we all be without Amazon? Creating the most successful e-commerce platform is incredibly impressive. Bezos may earn more money than we can wrap our heads around, but he has also given us a service that we can’t live without.
So, there you have it, now you know the answer to the question: how much does Jeff Bezos make a second? A LOT.
FAQ
What is Jeff’s ranking in terms of money in the world?
Jeff Bezos is currently the second richest man globally, second only to Elon Musk, who has a net worth of $238.5 billion, which is even more insane than Bezos’. Of course, this changes all the time when stocks, shares, and so much more change, so it’s not something that will remain the same forever.
What is the story behind the name Amazon?
Bezos was determined to create the best and largest online bookstore that ever existed. While website listings are now done through an algorithm depending on what sites are most relevant for the search query, back in 1993/1994, when Bezos started Amazon, the listings were alphabetized. Instantly, Bezos knew that he wanted to have a name that started with A to be towards the top of the list, even giving up the name he originally wanted, which was ‘Cadabra.’
He eventually came across the word Amazon when he looked through the dictionary. Not only is the Amazon a place that is exotic and different from what we are used to, which was one of Bezos’ goals, but it’s also the largest river in the world. Seeing as Bezos already knew that he wanted to grow this online bookstore into a giant and that it would be different from that which had come before it, Amazon seemed like a fitting name!
What is Jeff’s net worth?
Jeff Bezos’ net worth as of 2022 is $181.1 billion. This was $150 billion in July 2018, and despite the pandemic shaking other people’s finances, Bezos’ has only grown. He is in one of the best positions he has ever been in, only seeing growth upon growth over the last couple of years. This doesn’t seem to be slowing down either, so it won’t be a shock if this number increases.
