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Jeff Bezos Makes $2,489 Per Second - YouTube
Channel: That's The Business
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know that the amazon founder and ceo the
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wealthiest person in the world jeff
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bezos reportedly earns an estimated two
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thousand four hundred and eighty nine
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dollars per second
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that is more than twice what the average
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employee in the united states earns per
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week where the median wage is 957
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dollars
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this is according to the bureau of labor
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statistics for the first quarter of
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2020.
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jeffrey preston bezos was born in new
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mexico in january 1964
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to mother jacqueline jorgensen and
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biological father ted jorgensen
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at age four his mother remarried to a
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cuban immigrant mike bezos who adopted
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him
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in high school he started at the dream
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institute an educational summer camp of
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fourth fifth and sixth graders
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he graduated as valedictorian in high
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school in miami
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at a young age bezos had shown interest
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and early love with computers converting
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his family's garage into a laboratory
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bezos graduated as summa laude with
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a degree in computer science and
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electrical engineering from princeton
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university in 1986.
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he then worked in firms on wall street
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such as the investment firm d.e shaw
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where he became the youngest senior vice
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president in 1990
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bezos met mackenzie tuttle an
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administrative assistant at d e shaw and
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married her in 1993.
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in 1994 he left his job to venture into
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e-commerce
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this is where he opened an online
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bookstore birthing one of america's
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biggest success stories
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amazon.com mckinsey supported her
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husband and helped amazon to its success
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as she created its first business plan
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and served as the company's first
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accountant after their divorce in 2019
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ending their 25-year marriage mckenzie
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kept a four percent stake of amazon
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despite this
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jeff bezos is still the world's richest
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person
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bezos success and fortune certainly did
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not just happen overnight
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in the early stages of amazon before its
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launch employees developed software with
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bezos in his garage
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until they were able to expand into a
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two-bedroom house
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amazon was able to sell books across the
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united states and in 45 other countries
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within 30 days and reached 20 000 sales
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a week after two months
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the company went public in 1997
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and after two years of outperforming
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competitors
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amazon.com became the leader in
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e-commerce
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the company has since flourished from
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new innovations and ventures into
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several retail operations and services
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amazon instant video amazon studios
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digital entertainment like buying twitch
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kindle e-reader kindle fire
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amazon prime air and the famous amazon's
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virtual assistant
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alexa by september 2018
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amazon was valued at more than one
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trillion dollars
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only the second company to hit that
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record in the modern era after apple
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bezos built the majority of his wealth
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through amazon but has also invested in
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and purchased several other companies
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an example of this is the purchase of
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the washington post in 2013 which had ad
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revenue of 100 million dollars just
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three years after he bought it
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another great example is amazon's
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acquisition of whole foods in 2017 which
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started their grocery delivery services
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forcing competitors to follow suit
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in 2000 bezos founded blue origin an
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aerospace company developing
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technologies for space travel
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the direct competitor to elon musk's
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space x
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in 2019 nasa announced that they were
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working with the company for technology
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projects to reach the moon and mars
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they also launched reusable rockets from
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a refurbished complex just outside of
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nasa's kennedy space center with his
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long-term vision and strategies the
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e-commerce king has investments in
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diverse and early stage companies
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some even became unicorn companies which
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led to his phenomenal success
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according to white investment research
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jeff bezos other investments include
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uber technologies with a market
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capitalization of
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58.53 billion dollars
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twitter with market capitalization of
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33.05 billion dollars
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airbnb plenty an agriculture technology
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company grail a cancer testing startup
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with a private valuation of 3.2 billion
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dollars and beacon
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a digital freight supply chain finance
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firm
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as of august 2020 bezos is said to have
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a total net worth
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of
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193
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billion dollars
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according to business insider
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most of his wealth comes from amazon
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shares and bonuses as his annual salary
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is only at eighty one thousand eight
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hundred and forty dollars
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so if that's the case how is he making
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two thousand four hundred and eighty
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nine dollars per second
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this estimation comes from his percent
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ownership in amazon and their revenue
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per second his share of that revenue is
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roughly two thousand
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hundred 489 dollars per second talk
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about cash flow
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amid the economic struggle and high
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unemployment rates currently around the
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world
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bezos has maintained his earnings
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through his businesses
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according to bloomberg's billionaires
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index the amazon ceo is one of the
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world's richest people who has not lost
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money in 2020
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what is your biggest takeaway in this
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video
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tell us in the comments section below be
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