If your investment portfolio struggled last year, you are not alone. Forbes’ 2023 World Billionaires List, which ranks the 25 richest people in the world, shows that they lost a combined $200 billion in net worth in 2022. As of March 10th, their total worth is now $2.1 trillion, a decrease of 5%.
The quantity and quality of the world’s billionaires are both decreasing. Last year, 254 people lost their status as billionaires, while the remaining 2,640 billionaires lost a total of $500 billion. Several members, including Kanye West and embattled FTX founder Sam Bankman-Fried, have quit the organization.
Forbes reports that Elon Musk was not the person who lost the most money in 2018 despite the drama on Twitter and the decline in Tesla stock. Jeff Bezos is the richest person in the world, despite a 38% drop in Amazon’s stock price as of March 10. Even though he only lost $39 billion, Musk fell from first to second place in the rankings.
Quick Facts About Jeff Bezos
|Net Worth (2023)||$123.70 Billion|
|Net Worth in USD||12,370 crores USD|
|Net Worth In Indian Rupees||10.11 Lakh Crore INR|
|Monthly Income And Salary||$16,000 +|
|Yearly Income||$185,000 +|
Jeff Bezos Early Years
On January 12, 1964, Jeffrey Preston Jorgensen entered the world in Albuquerque, New Mexico. Jacqueline Bezos is the name of his mom. His mother Jacqueline was a middle school student 17 when he was born.
George Gaines is the name of Jeff’s late father. His father divorced his mother when Jeff was only 18 months old, and he later married again. After this, Jeff’s mother Jacqueline raised him alone until she married Jeff’s father Miguel Bezos when he was about five years old.
After that, Jeff decided to keep the Bezos surname. Jeff Bezos has always had a keen intellect and demonstrated academic prowess. He had a keen fascination with digital technology.
River Oaks Elementary School was where Jeffrey Preston Jorgensen got his elementary education. His fascination with technology and the natural world began at an early age. After that, in 1986, he attended Princeton University and graduated with a bachelor’s degree in computer science.
Jeff Bezos Career
After finishing his education, Jeff Bezos went to work as a computer scientist on Wall Street. Since then, he has established an international business network for Fitel.
He then began working for D.E. Shaw, another IT firm. When Jeff was a kid, his parents bought a house with a garage, and he ended up turning it into a makeshift lab and launching Amazon from there. In 1994, before the company was even conceived of, Jeff Bezos took a cross-country trip from New York to Seattle.
Origination Of Amazon
Amazon.com is accessible at all hours and is simple to navigate. In 1998, he branched out into the online music and video market. Since Amazon was so successful, many other stores and bookstore chains have followed suit.
Bezos saw the need to diversify in the face of increasing competition, so he began selling a wide selection of apparel, electronics, and hardware. Amazon has grown to become the largest online retailer in the world.
After one year, Bezos saw a drop in his fortune to $6.1 billion. In subsequent years, his wealth fell even further. His wealth doubled from 2005 to 2007, from $3 billion to $8.7 billion. In 2010, he was worth an estimated $12.6 billion. His wealth increased even more in 2014, reaching $30.5 billion. He rose to the ranks of the world’s five richest people.
In March 2016, his wealth was estimated at $45.2 billion; by October of that year, it had increased by $16.2 billion to a whopping $66.5 billion. After Amazon’s stock price increased in July 2017, he distanced himself from Microsoft co-founder Bill Gates.
On March 6, 2018, Bezos’s $112 billion fortune was verified, making him the world’s richest person. The first person officially recognized as a centi-billionaire is Bezos. The Bloomberg Billionaires Index named him the wealthiest person in the world on July 17, 2018. However, Bezos saw a drop in his net worth in 2019 as a result of his divorce from MacKenzie Bezos.
Family Of Jeff Bezos: Wife And Kids
Jeff Bezos and his wife MacKenzie Scott had their first child in 1993. The couple’s daughter was a Chinese adoptee. They got to know each other at a telecom company and eventually tied the knot. However, in 2019, Jeff Bezos and MacKenzie Scott divorced after 26 years of marriage.
The Success Of Jeff Bezos And Amazon
- Blue Origin
- The Washington Post
- Whole Foods supermarket chain
- Bezos tech
Jeff Bezos’s Net Worth
Jeff Bezos is not just one of the richest people in the world, but the richest person in the world as of 2023, when his net worth is estimated to be around $123.70 billion (roughly Rs 10.11 lakh crore in Indian currency).
Bezos raised $54 million in Amazon’s IPO in 1997, making him a multimillionaire. In 1999, Forbes included him for the first time among the world’s billionaires.
Ben Francis, CEO and founder of Gymshark, is one of the youngest billionaires in the world. The 30-year-old has a $1.2 billion (£960 million) fortune as of 10 March 2023, according to Forbes.