How Much Does Jeff Bezos Make A Second – Must Read!
By Mashum Mollah
09 August, 2021
BusinessEntrepreneurship
Last Updated on: October 24th, 2024
The executive chairman and founder of Amazon are impressing a lot of people with his mind-shattering entrepreneurship skills. He is the wealthiest man in the planet according to 2021 statistics. He has a net worth of $211 billion.
How much money Jeff Bezos makes a second is a question that many of us are wondering after this businessman has returned from his space adventure. His 11 minute trip to space cost him $5.5 billion, and we are wondering how much does he actually make.
Who Was Jeff Bezos?
Recently, Jeff Bezos, one of the most famous American entrepreneurs, played a significant role in growing his e-commerce business. Below, I am going to discuss who Jeff Bezos is.
Jeff Bezos is an American entrepreneur who was born in the year of 1964 on January 12th. He played a significant role in the growth of the e-commerce business. Above all, with his assistance, Amazon became one of the largest retail businesses worldwide and the top model for Internet sales.
Early Life And Career
Recently, Bezos developed a dream institute where he incorporated his creative thoughts into young people’s minds. After graduating from Princeton University with a degree in electrical engineering and computer science, he undertook a series of jobs before joining the New York Bank Investment in 1990.
Recently, Bezos was in charge of examining the investment possibilities across the network. In 1994, he quit D.E. Shaw moved to Seattle to open an online bookstore. Later, that virtual bookstore sold each and everything, which is known as “Amazon.”
Personal Life
In the year of 1993, Bezos married Mackenize, whom he had met at D.E Shaw. After that, this couple announced that they would divorce each other. Later, Bezos was also having an affair with another woman. Subsequently, Bezos investigated how the tabloid had obtained his text messages privately.
Other Activities
Apart from Amazon, Bezos was also the founder of a spaceflight company known as “Blue Origin” in 2000. Blue Origin brought a launch site to Texas. After that, he planned to introduce a crewed suborbital spacecraft. Recently, Bezos bought “The Washington Post” and affiliated the publications for $250 million in 2013. However, Bezos’s net worth was computed in 2018 to be around $112 billion. That is why he has recently been considered one of the wealthiest globally.
How Much Does Jeff Bezos Make A Second?
If you think whatever Jeff Bezos makes in a second is his earnings from Amazon, you are wrong. His annual salary from Amazon is only $81,840. This is not a massive amount of money because it is considered a middle-income wage in California.
Even when he did not take any bonus or derive any cash from any stock in 2020, his earnings skyrocketed during the pandemic.
As Jeff Bezos put it, other types of compensation helped him earn $1,600,000 in 2020 as an extra income. So, how much does Jeff Bezos make a second? The reply is going to shock you, so better sit somewhere before finding out the exact figure.
The answer is $2,537 per second and $152,207 per minute. Thus, Jeff Bezos created a historical landmark in his career when he crossed the $200 billion threshold and became the wealthiest man in the world.
Does Jeff Bezos Make More Money In A Second Than Average Americans Make In A Week?
Of course yes. Jeff Bezos does make more money per second than an average American makes in a week. If we consider his current net worth, we can understand how much money Jeff Bezos makes a second. So, based on that assumption, he makes $321 million per day, $2.25 billion per week, and $8.99 billion per month.
His earning of $24.60 per hour, according to the Department of Labor Bureau of Statistics, is something that makes him earn more money in a second than an average American’s weekly wage.
If you want to compare Jeff Bezos’ earnings with the median salaried staff of Amazon, you will be shocked as well.
A median salaried staff at Amazon makes $557.82 per week and $29,007 per year. This is the result of 2020 statistics so that it might go up or down this year.
However, if we take this earning into consideration, Bezos did not even have to consider his annual Amazon salary to be the wealthiest man in the world. He made 58 times more than the median salaried Amazon staff just by Amazon compensation of $1.6 million.
How Does Jeff Bezos Earn So Much Money?
If you are overwhelmed to know how much Jeff Bezos makes a second, you should know how he earns so much. It’s not Amazon, but it’s his investments that make him such a rich person.
In 2020, he became the first person to achieve a net worth of more than $200 million, and that was a commendable move to accomplish in 2020.
Jeff Bezos has several investments in real estate properties that generate him a lot of money. With 2 million dollars residences and an almost a $10 million apartment in Manhattan, we can guess how much this entrepreneur loves investing money in real estate.
In addition, his new headquarter of Amazon in Seattle makes the office space more extensive than the 40 most prominent offices of Seattle combined. So, you can imagine his fancy over significant real estate properties.
How much does Jeff Bezos make a second has a lot to do with his affinity towards the technology sector. First, he invested $30 million in Uber.
Then, being a big believer in cloud technology, he invested a lot of money in Workday, Inc that provides HR services in the cloud.
After Bezos made his investment in this company, it went public and generated $684 million.
He is a big fan of the media and communication sector as well. His Business Insider and Twitter investments are also notable because they contribute a lot to his vast earning.
There are Nextdoor and Zocdoc.Inc companies, too, in which Bezos had invested and which are still running strong in the market.
He also makes an annual investment of $1 billion in the space exploration company named Blue Origin, which garners a lot of attention.
So, now you must know how much Jeff Bezos makes a second when some of his investments are put in front of you.
What Is Jeff Bezos Planning To Do Next?
With so many investments and a sharp mind to find out which investment is risky and not, Jeff Bezos is truly an inspiration. He was not always part of a well-to-do family, so you can imagine his struggle as he is now a centibillionaire according to the Forbes Wealth Index.
However, what this inspiring entrepreneur plans to do next will shock you too, like you were when you knew how much Jeff Bezos make a second.
Jeff Bezos plans to step down from the CEO of Amazon because he has held that position for nearly three decades now. He plans to do it in the latter half of 2021 and wants to make Andy Jassy the next CEO of Amazon. Shocking, isn’t it?
However, Andy Jassy is the top cloud executive of Amazon, and stepping down from the CEO post does not mean Bezos will leave Amazon.
He will still be one of the executive chairholders at Amazon and will have a say in the critical decision-making.
But, he wants to have more time for his other ventures like Blue Origin because he genuinely believes in the company’s potential to change the lives of a lot of people.
So we can ponder will his earning be the same after stepping down from the CEO designation as how much does Jeff Bezos make a second now.
Wrapping It Up
It is truly wondrous to figure out exactly how much does Jeff Bezos make a second. It generates a lot of emotion in us like envy, inspiration, woo, etc. That’s why we wish Jeff Bezos a lot of luck for his future ventures, but we want him to take care of Amazon as well.
This is a company that takes care of the livelihood of a lot of people, so Jeff Bezos must be leaving it in a hand of someone he trusts very much.
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