Salary, Income, Net Worth: Jeff Bezos 2023

A new website will you give you these exact numbers, as they apply to Bezos and 14 other tech moguls. Jeff Bezos’ net worth increased to $197 billion in 2021 from $131 billion at the beginning of last year. This indicates a rise of $74 billion in a year, which means that he gained around $7 billion every month last year, which translates to $1.75 billion per week or $250 million per day. Billionaires like Jeff Bezos and Bill Gates derive little wealth from their annual income. Instead, much of their net worth is tied to stock holdings.

An anecdote shared by an early investor Bezos approached illustrates his unwavering faith in his vision. He confidently proclaimed his ambition to become the world’s richest man, and despite the incredulity it elicited, he pursued his dream relentlessly. Jeff Bezos, Michael Bloomberg, Elon Musk and George Soros are household names.

Interesting Stats and Facts About Jeff Bezos’ Earnings

And he is within striking distance of overtaking Greece and New Zealand who are ranked by the World Bank as the 51st and 52nd biggest economies in the world. Sign up for our daily newsletter for the latest financial news and trending topics. Get advice on achieving your financial goals and stay up to date on the day’s top financial stories. Before becoming an entrepreneur, Bezos was the youngest senior vice president at D.E. Shaw & Co., a successful quantitative hedge fund on Wall Street. His transition from this stable position to running a startup out of his garage in Seattle, Washington, was propelled by his fascination with the rapid growth of the internet.

And those are the kind of things that policymakers need to look at from right and from the left. And you know, this ProPublica article has just come out. But honestly, I think we’re just at the beginning of this chapter. And I think that you could also have to look at what’s happening in the broader society. As we see fabulous gains in wealth of the super rich, the vast majority of American workers are pretty stagnant.

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Jeff Bezos’ first big real estate investment was in 2011 when he bought into Airbnb in its early years—and he hasn’t stopped there. He went on to invest in Arrived Homes (a start-up founded in 2019 to convert homes across North America into rental properties). To give you an idea—by the end of 2021, Jeff Bezos had a net worth of $195 billion ($5 billion more than at the start of the year—and $77.5 billion more than his current net worth).

This way, they can deduct the stock at its current market value without being taxed on the capital gains. Now, for ordinary wealthy people — for the merely wealthy, people like doctors or lawyers — they also have a lot of money in stocks. And when they need a big chunk of change — let’s say they want to go buy a car or put down money for a house — they need to go into those stocks, those assets, and sell a big chunk of them.

The Amazon founder and six other white men, including Elon Musk and Mark Zuckerberg, collectively had a trillion dollars

And his wealth grows and grows and grows and is never taxed, as long as he doesn’t sell it. So when Bezos wants to buy something expensive, he doesn’t just sell some stocks. He takes out a loan, backed by all of his rising assets — his enormous wealth — and banks happily give it to him, because they know he’s good for it.

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Where Does Jeff Bezos Keep His Money?

As you’d expect, Bezos also owns several luxury homes across the country—in Washington D.C., Beverly Hills, Medina, New York, and Hawaii. Read our article on the Yearly Interest on 1 Billion Dollars for more insight into the finances of a billionaire. Not as wealthy as Jeff Bezos, but still looking for exclusive investment opportunities? But if the $25,000 minimum investment is a bit too rich, then turn to the next best option, Yieldstreet. Bezos has given $2bn, amounting to just more than 1% of his wealth, to the Bezos Day One Fund to help address homelessness and improve education for children in low-income families. He has so much money, that his fortune now dwarfs the GDP of Hungary, Ukraine and Qatar.

In other words, Jeff Bezos’ wealth is greater than the combined GDP of Luxembourg ($86.71 billion) and Uruguay ($59.32 billion). Again, based on his base salary of $81,840, Bezos makes $0.10 per second. However, he likely makes closer to $2,537 per second with his stock options and other investments. Based on his baseline wage of $81,840, which has remained unchanged since 1998, Jeff Bezos’s wealth gets bigger by $314.77 per day, $1,573 per week, and $6,820 per month. Those seven men were Bezos, Tesla’s Elon Musk, Microsoft’s Bill Gates, Facebook’s Mark Zuckerberg, Alphabet’s Larry Page and Sergey Brin, and Oracle’s Larry Ellison. Between Forbes’s 2020 and 2021 billionaire rankings, Jeff Bezos’s net worth went from $113 billion to $177 billion, meaning his fortune increased by $64 billion over a year.

There is enormous reward in our tax code for the risks that an Elon Musk have made. So this idea of a wealth tax — it’s political, of course. But it’s also, it seems to me, very foundational to how we think about wealth in this country and our economy and how our economy grows. We want to make jeff bezos daily income sure that people who create jobs by saving and by investing have a tax break to increase economic growth. So Jeff Bezos’s vast, vast fortune — most of that is in assets. — are reigniting a long-simmering debate about why the ultra wealthy are taxed so differently than those who earn far less.

I mean, we all do in some ways, taxes on our assets because we pay property taxes, right? Every year, somebody comes around from my city and tells me my house has gained a certain amount of value, and my property tax goes up some amount because of that rise in value. That’s what she’s saying we should do for everything. And all of that money is coming in the form of a paycheck.

• However, Bezos is still doing pretty well for himself.
• He spends approximately $1 billion each year on Blue Origin, an aerospace company.
• Since mid-October 2019, Bezos’ fortune has grown by $80 billion.
• Not as wealthy as Jeff Bezos, but still looking for exclusive investment opportunities?

Today, Derek isn’t interested in helping big companies. Instead, he’s helping individuals win financially—one email, one article, one person at a time. Jeff Bezos’ current net worth is $117.5 billion—but this figure can change depending on the stock market and other factors (such as global events and the current economic climate). We can divide it further into days, minutes, and seconds.

Bezos’ story serves as a potent example of the leverage that equity ownership in a publicly traded company can offer to investors willing to embrace risk and innovation. Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all available deposit, investment, loan or credit products. You can make the argument that a tax code that favors investment that doesn’t tax wealth leads to more innovation, more risk taking.

We are not seeing the kind of class mobility that we once did. The American dream is not as palpable as it once was. It did not have the political firepower to win her the nomination for the presidency.