Friday, March 29, 2024
HomeDebt FreeHow A lot Does Jeff Bezos Make a Day? (Web Value Revealed)

How A lot Does Jeff Bezos Make a Day? (Web Value Revealed)


Cash doesn’t develop on timber—it grows on Jeff Bezos.

All through his profession, Bezos—the mastermind behind the e-commerce big Amazon and AWS—has trampled the competitors and solidified his high spot on the “world’s richest” listing. 

His present web price is certainly larger than the GDP of round 59 nations the world over. 

This text will let you know

  • How a lot Jeff Bezos makes a day. 
  • How a lot Jeff Bezos is price.
  • Amazon’s complete web price.
  • The methods Bezos likes to splash his money. 

How A lot Does Jeff Bezos Make a Day?

Based mostly on his common earnings during the last 10 years, Jeff Bezos makes $26,611,111 a day. (Sorry, needed to clear my throat there. That’s 26 million {dollars} a day.) 

To interrupt this down much more—that’s $1,108,796 an hour, $18,480 a minute, and $308 a second

Let’s put that in perspective—the cash he makes in a single second is sufficient to purchase a flat-screen TV or Gucci bag. And when you have been studying the final sentence, Bezos earned sufficient for a two-week keep at an AirBnB in Destin, Florida.

And the way did we calculate this?

In accordance with Forbes’ real-time web price tracker, Bezos at present has a web price of $117.5 billion. Ten years in the past, Bezos had a web price of $21.7 billion—which suggests he made $95.8 billion throughout that point. That’s a mean incomes of $9.6 billion a yr—or $798,333,333 a month. We will divide it additional into days, minutes, and seconds. 

Within the world of billionaires, nevertheless, you possibly can lose tens of millions in a single day, and barely even make a dent in your total web price—which makes it tough to trace precisely how a lot these tycoons are making each day. 

To make issues simpler, we’ll additionally have a look at Bezos’ wage from Amazon. He is likely to be one of many richest males on the planet, however his Amazon earnings is fairly modest at $81,840—unchanged since 1998. 

On high of his wage, Amazon additionally pays Bezos $1.6 million to cowl his safetythis provides as much as round $1,681,840—so Bezos makes $4,608 a day based mostly on the cash he will get from Amazon

That is greater than many people make a month—but it surely’s nonetheless lower than you’d count on from somebody as wealthy as Bezos. That’s as a result of it doesn’t cowl the tens of millions generated from shares, EFTs, REITs, and dividends (to not point out his firms—specifically Amazon). 

Learn our article on the Yearly Curiosity on 1 Billion {Dollars} for extra perception into the funds of a billionaire. 

How A lot is Jeff Bezos Value?

What to do with 10k for investing

Jeff Bezos’ web price is at present $117.5 billion—however these figures can change sooner than it takes you to order a guide from Amazon.

To present you an concept—by the top of 2021, Jeff Bezos had a web price of $195 billion ($5 billion greater than at first of the yr—and $77.5 billion greater than his present web price). 

His web price is intently linked to the altering inventory market, which may go up and down relying on the financial local weather and world occasions—so somebody within the high 20 may lose as much as 5 billion in a single day. (This looks like loads to us mere mortals, the likes of Bezos in all probability wouldn’t even discover.) 

Bezos’ web price has fallen $77.5 billion since final yr—and that’s fairly the drop, even for somebody so wealthy. What’s behind it? All indicators level in the direction of Amazon—his major supply of earnings. 

What’s Amazon’s Web Value?

Amazon is now price about $960 billion (after shedding practically $1 trillion in worth since July 2021 and leaving Jeff Bezos rather less well-to-do). A turning level got here on October twenty seventh, 2022, when Amazon’s projections revealed the slowest holiday-quarter development within the firm’s historical past, resulting in a 21% drop in shares (one of many largest one-day declines in wealth up to now). 

How has Amazon modified through the years?

The corporate has humble beginningsBezos began it out of his storage in Seattle in 1994. He took it public in Could 1997, and received his millionaire standing solely a yr later. Since then Bezos has offered over $27 billion price of inventory. 

Issues took a flip in 2019 when he transferred 4% of the corporate (1 / 4 of his Amazon stake) to his ex-wife as a part of their divorce settlement. Bezos gave up extra management in July 2021 after stepping down as CEO to turn into government chairman.

Earlier than the current drop in shares, Amazon was booming throughout the pandemic. Distant working and the closure of many brick-and-mortar shops brought about a surge in on-line gross sales—Amazon reported $8.1 billion in revenue in early 2021 (up 220% from the earlier yr). 

Bezos now owns just below 10% of Amazon—that’s nearly 90% of his total fortune. 

How Does Jeff Bezos Spend His Cash?

things to spend more money on

Bezos didn’t fall into the “extra money than sense” cliché and has been pretty good (and considerably stingy) together with his spending habits—even pledging to provide away nearly all of his wealth all through his lifetime.  

Right here’s a more in-depth have a look at how Bezos spends his fortune. 

Blue Origin

With all the cash on the planet, it is smart to achieve for the celebrities. And that’s precisely what Jeff Bezos is doing—spending roughly $8.7 billion on his aerospace firm, Blue Origin

The corporate was based in 2000—and by July 2014, Bezos had invested over $500 million of his personal cash into Blue Origin. Since 2016, the corporate has additionally been utilizing $1 billion a yr from Bezos’ sale of Amazon inventory.

Actual property 

Jeff Bezos’ first large actual property funding was in 2011 when he purchased into Airbnb in its early years—and he hasn’t stopped there. He went on to spend money on Arrived Properties (a start-up based in 2019 to transform properties throughout North America into rental properties). 

As you’d count on, Bezos additionally owns a number of luxurious properties throughout the nation—in Washington D.C., Beverly Hills, Medina, New York, and Hawaii. 

The Washington Put up 

In 2013, Jeff Bezos purchased the Washington Put up for $230 million. At first, he wasn’t and admitted his data of newspapers was scant—however had a change of coronary heart after some soul-searching. He stated in an interview, “It is the newspaper within the capital metropolis of a very powerful nation on the planet. The Washington Put up has an extremely necessary function to play on this democracy.” 

Bezos believed his web experience and sheer optimism may save the newspaper from its downward spiral. The day by day is now price roughly $2 billion, largely due to the rise in digital subscribers and advert income. 

Charity 

Contemplating Jeff Bezos’ fortune, you’d hope to see a good quantity donated to charity. 

He did promise to spend $10 billion to fight local weather change—however Forbes estimates that he has solely donated $2.4 billion (solely 2% of his complete web price) to philanthropic causes all through his lifetime. 

This contains— 

  • Over $300 million to the Braveness & Civility Award 
  • $100 million to the Obama Basis 
  • $100 million to Feeding America 

Bezos has additionally donated $400 million in grants to the Bezos Day One Fund and has pledged an extra $2 billion to assist homeless households

Key Takeaway

The considered somebody incomes $26,611,111 a day is sufficient to make anybody wince—however there’s no denying that Jeff Bezos is a self-made man who has labored his approach to the highest. 

With the turbulent inventory market and Bezos’ current decline in web price, who is aware of how lengthy he’ll maintain on to his standing as one of many richest males on the planet? 

Steadily Requested Questions 

How a lot cash does Jeff Bezos have?

Jeff Bezos’ present web price is $117.5 billion—however this determine can change relying on the inventory market and different components (similar to world occasions and the present financial local weather). 

How a lot does Jeff Bezos make in every week? 

Bezos makes $31,145 every week from his Amazon wage—but when we take his common web price during the last 10 years, he makes about $186,277,777 in a single week

How a lot tax does Jeff Bezos pay?

Jeff Bezos paid a complete of $23.7 million in tax in 2014–2018 (a mean tax charge of 0.98%)—however he received away with not paying a penny of earnings tax in 2007 and 2011.

He pays so little (or nothing in any respect), largely as a result of he offsets his earnings with deductions on money owed and funding losses. 

Develop Wealthy Revenue Stories Cash

AUTHOR Lauren Bedford

Lauren is a printed content material author who’s obsessed with serving to and informing others by her content material. Within the final 5 years, Lauren has written a few vary of topics, together with enterprise, expertise and finance.



RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments