Wealthiest man in the world

Welcome to the topic Wealthiest man in the world.

In terms of personal fortune, Jeff Bezos has surpassed Microsoft co-founder Bill Gates and famed investor Warren Buffett as the second wealthiest person on the planet as of 2021. According to the Bloomberg Billionaires Index, Bezos’ net worth is $203 billion as of this writing. The founder, former CEO, and current executive chair of global eCommerce behemoth Amazon was in charge of a platform that accounted for up to 9% of all retail sales in the United States and 51.2 percent of digital retail spending in 2020.

Bezos has a website called BezosExpeditions.com that lists over 30 of his major investments, projects, and philanthropic endeavors. Bezos’ investments aren’t concentrated in just one or two industries or even market sectors; rather, They offer a broad examination of a variety of business disciplines and concepts, such as cloud computing, robotics, biotechnology, and even hand-blown glass.

How did Bezos become the Wealthiest man?

Amazon

The wealthiest man earned degrees in computer science and electrical engineering from Princeton University. If Bezos hadn’t been enthralled by the knowledge that the Internet was growing at a rate of 2,300 percent annually by 1994, he might have stayed on Wall Street for the rest of his career. Soon after, his vision for Amazon was born, and the future CEO began compiling a list of 20 product categories that could be sold online.

Then Amazon.com became a platform for selling books, grew out of a garage with a potbelly stove in its early stages. Bezos, who invested $10,000 of his own money in the company he founded with his wife and two programmers, held most of his meetings at the local Barnes & Noble. In the first month after its start in July 1995, Amazon sold books in every state in the US and 45 countries around the world.

Amazon was one of the few dot-com firms to escape the crash when it went public in May 1997. As the platform increased its product offerings and established itself as an industry leader and pioneer, annual sales surged from $511,000 in 1995 to more than $3 billion in 2001. Bezos introduced Amazon Prime Air in 2013 as part of the company’s groundbreaking Amazon Prime subscription model, which would use drones to deliver products to customers.

Amazon’s stock price reflects the company’s incredible growth. The stock increased by more than 450 percent from January 2016 to January 2021 and by more than 75 percent from in the period of January 2020 to January 2021. As of 2021, Bezos owns about 11% of Amazon, making it his largest source of wealth. As part of his divorce proceedings, Bezos sold over a million shares and distributed additional shares to his now-ex-wife from 2017 to 2019. According to the company’s 2021 annual meeting notification, Bezos holds more than 70 million shares.

Real Estate

Bezos also has substantial holdings in traditional assets such as property. His large acre (165,000) Corn Ranch in Texas was purchased for his aerospace business, Blue Origin, and as a test location for the New, Shepard vertical-landing crewed suborbital rocket. His large acre Corn Ranch in Texas was purchased for his aerospace business, Blue Origin, and as a test location for the New, Shepard vertical-landing crewed suborbital rocket.

His property portfolio includes properties on both the East and West Coasts. Bezos owns two multimillion-dollar Beverly Hills homes and a 10,000-square-foot apartment in Manhattan’s Century Tower for just under $10 million. Century Tower property values have reportedly risen even higher due to Bezos’ presence in New York, with space selling for almost 3000$ per square foot.

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