Jeff Bezos main source of income is undisputed. There are several streams of income for the most recent richest man in the world that are unrivalled and can be easily considered legitimate. Jeff Bezos is today known for so many things–one of which is his business in technology.
Born in Albuquerque and raised in Houston and Miami around January 12, 1964, Bezos graduated from Princeton University in 1986. He holds a degree in electrical engineering and computer science. He worked on Wall Street in a variety of related fields from 1986 to early 1994. Bezos founded Amazon in late 1994 on a road trip from New York City to Seattle. The company began as an online bookstore and has since expanded to a variety of other e-commerce products and services, including video and audio streaming, cloud computing, and artificial intelligence. It is currently the world’s largest online sales company, the largest Internet company by revenue, and the largest provider of virtual assistants and cloud infrastructure services through its Amazon Web Services branch.
Bezos, the wealthiest man according to Forbes, founded the aerospace manufacturer and sub-orbital spaceflight services company Blue Origin in 2000. Blue Origin’s New Shepard vehicle reached space in 2015 and afterwards successfully landed back on Earth. He also purchased the major American newspaper The Washington Post in 2013 for $250 million and manages many other investments through his venture capital firm, Bezos Expeditions. In September 2021, Bezos co-founded biotechnology company Altos Labs with Mail.ru founder Yuri Milner.
Jeff Bezos Main Source of Income
In this article, you will be made to know specifically some of Jeff Bezos main source of income and then it will become easy for to have a glimpse of his legitimacy and of course his industry in the financial market of the world. Below are Bezos different sources of income, relax and pay attention as we take you through it:
1. Amazon
Amazon.com, then a platform for selling books, grew in its early stages out of a garage with a potbelly stove. Bezos, who put his own $10,000 into the company comprising himself, his wife, and two programmers, ironically conducted most of his meetings at the neighborhood Barnes & Noble.8 Within its first month after launch in July 1995, Amazon sold books in every U.S. state and 45 countries around the world.
The tech visionary graduated from Princeton with degrees in computer science and electrical engineering. Upon graduating, he turned down job offers from companies such as Intel and Bell Labs to join a startup called Fitel. He went on to launch a news-by-fax service company with Halsey Minor, the founder of CNET. After that venture failed, Bezos became the youngest senior vice president at a hedge fund called D. E. Shaw, working his way up the ranks in just four years.
Bezos might have stayed on Wall Street for the rest of his career if he hadn’t been enthralled by the knowledge that, by 1994, the Internet was growing at a rate of 2,300% annually. Soon enough, his idea for Amazon was born, and the future CEO began making a list of 20 possible product categories to sell online.
Jeff Bezos Main Source of Income
2. Real Estate
Bezos also has substantial holdings in more traditional investments, such as real estate. His 165,000-acre Corn Ranch in Texas was acquired as the base of operations for his aerospace company, Blue Origin, and serves as the test site for the vertical-landing manned suborbital New Shepard rocket.
His personal real estate includes holdings on the East and West Coasts. Bezos has two multimillion-dollar homes in Beverly Hills and a 10,000-square-foot apartment in the Century Tower in Manhattan that cost him just under $10 million. Bezos’ New York presence is reported to have boosted Century Tower property values even higher, with space selling for $2,000 to $3,000 per square foot. He also has a lakeside property in Washington state, on which he spent $28 million to increase the living space to almost 30,000 square feet.
In 2012, Amazon bought its own South Lake Union headquarters building in Seattle for $1.5 billion, instantly making the company one of the city’s largest commercial property owners. Amazon took possession of nearly a dozen buildings, almost 2 million square feet of office space, and approximately 100,000 square feet of retail space. In August 2017, The Seattle Times reported that Amazon had as much office space as Seattle’s next 40 largest employers combined.
Jeff Bezos Main Source of Income
3. Media and Tech
Bezos has an affinity for the technology sector, for media and communication services that facilitate connecting people, and for just what he considers to be potentially profitable investments. In the media and communications sector, Bezos has invested in Twitter Inc. and the popular business news website Business Insider. Zocdoc Inc. and Nextdoor are both platforms for connecting people in which Bezos has invested.
In the travel sector, Bezos has invested more than $30 million in transportation company Uber. Bezos is a big believer in the cloud, as evidenced by Amazon’s major push into providing cloud computing services. However, his investment interest does not end with his own company. One of his notable investment successes is Workday Inc. a company that provides human resource services in the cloud. Shortly after Bezos’ venture capital investment in the company, it went public in an initial public offering (IPO) that garnered more than $684 million. In the sphere of a more traditional retail business, Bezos has also invested in glassybaby, a company that makes glass-blown holders for votive candles.
