Here to stay series: Jeffrey Preston Bezos Recognition and Wealth


In 1999, Bezos received his first major award when Time named him Person of the Year.
In 2008, he was selected by U.S. News & World Report as one of America's best leaders.
Bezos was awarded an honorary doctorate in science and technology from Carnegie Mellon University in 2008.
In 2011, The Economist gave Bezos and Gregg Zehr an Innovation Award for the Amazon Kindle.
In 2012, Bezos was named Businessperson of the Year by Fortune.
He is also a member of the Bilderberg Group and attended the 2011 Bilderberg conference in St. Moritz, Switzerland, and the 2013 conference in Watford, Hertfordshire, England. He was a member of the Executive Committee of The Business Council for 2011 and 2012.
2014 – 2018, he was ranked the best-performing CEO in the world by Harvard Business Review.
He has also figured in Fortune's list of 50 great leaders of the world for three straight years, topping the list in 2015.
In September 2016, Bezos received a $250,000 prize for winning the Heinlein Prize for Advances in Space Commercialization, which he donated to the Students for the Exploration and Development of Space.[better source needed]
In February 2018, Bezos was elected to the National Academy of Engineering for "leadership and innovation in space exploration, autonomous systems, and building a commercial pathway for human space flight".
In March 2018, at the Explorers Club annual dinner, he was awarded the Buzz Aldrin Space Exploration Award in recognition of his work with Blue Origin.
He received Germany's 2018 Axel Springer Award for Business Innovation and Social Responsibility. Time magazine named him one of the 100 most influential people in the world on five separate occasions between 2008 and 2018.

Annual estimates of Jeff Bezos's net worth
Year Billions Change Year Billions Change
1999 10.1 Steady 0.0% 2009 6.8 Decrease 17.7%
2000 6.1 Decrease 40.5% 2010 12.6 Increase 85.2%
2001 2.0 Decrease 66.6% 2011 18.1 Increase 43.6%
2002 1.5 Decrease 25.0% 2012 23.2 Increase 28.2%
2003 2.5 Increase 66.6% 2013 28.9 Increase 24.5%
2004 5.1 Increase 104.0% 2014 30.5 Increase 5.5%
2005 4.1 Decrease 5.8% 2015 50.3 Increase 60.9%
2006 4.3 Decrease 10.4% 2016 45.2 Decrease 10.1%
2007 8.7 Increase 102.3% 2017 72.8 Increase 61.6%
2008 8.2 Decrease 5.7% 2018 112.0 Increase 53.8%

Main data source: Forbes World's Billionaires Estimates
Additional reference(s): Bloomberg Billionaires Index
Bezos first became a millionaire in 1997 after raising $54 million through Amazon's initial public offering (IPO). He was first included on the Forbes World's Billionaires list in 1999 with a registered net worth of $10.1 billion. His net worth decreased to $6.1 billion a year later, a 40.5% drop. His wealth plummeted even more the following year, dropping 66.6% to $2.0 billion. He lost $500 million the following year, which brought his net worth down to $1.5 billion. The following year, his net worth increased by 104% to $2.5 billion. From 2005 to 2007, he quadrupled his net worth to $8.7 billion. After the financial crisis and succeeding economic recession, his net worth would decrease to $6.8 billion—a 17.7% drop. His wealth rose by 85.2% in 2010, leaving him with $12.6 billion. This percentage increase ascended him to the 43rd spot on the ranking from 68th.

After a rumor broke out that Amazon was developing a smartphone, Bezos's net worth rose to $30.5 billion in 2014. A year later, Bezos entered the top ten when he increased his net worth to a total of $50.3 billion. Bezos rose to be the 5th richest person in the world hours before market close; he gained $7 billion in one hour. By the time the Forbes list was calculated in March 2016, his net worth was registered at $45.2 billion. However, just months later in October 2016, his wealth increased by $16.2 billion to $66.5 billion unofficially ranking him the third richest person in the world behind Warren Buffett. After sporadic jumps in Amazon's share price, in July 2017 he briefly unseated Microsoft cofounder Bill Gates as the wealthiest person in the world.

The net worth of Jeff Bezos from 1999 to 2018 as estimated by Forbes magazine, in the nominal U.S. dollar. His net worth is calculated in the billions by March of each year.
Bezos would continue to sporadically surpass Gates throughout the month of October 2017 after Amazon's share price fluctuated. His net worth surpassed $100 billion for the first time on November 24, 2017, after Amazon's share price increased by more than 2.5%. When the 2017 list was issued, Bezos's net worth was registered at $72.8 billion, adding $27.6 billion from the previous year. Bezos was officially ranked as the third wealthiest person in the world up from the 5th spot in 2016. His wealth's rapid growth from 2016 to 2017 sparked a variety of assessments about how much money Bezos earned on a controlled, reduced time scale. On October 10, 2017, he made an estimated $6.24 billion in 5 minutes, slightly less than the annual Gross Domestic Product of Kyrgyzstan.

On March 6, 2018, Bezos was designated the wealthiest person in the world with a registered net worth of $112 billion. He unseated Bill Gates ($90 billion) who was $6 billion ahead of Warren Buffett ($84 billion), ranked third. He is considered the first registered centi-billionaire (not adjusted for inflation).

His wealth, in 2017–18 terms, equaled that of 2.7 million Americans. Bezos's net worth increased by $33.6 billion from January 2017 to January 2018. This increase outstripped the economic development (in GDP terms) of more than 96 countries around the world. During March 9, Bezos earned $230,000 every 60 seconds. The Motley Fool estimated that if Bezos had not sold any of his shares from its original public offering in 1997, his net worth would sit at $181 billion in 2018. According to Quartz, his net worth of $150 billion in July 2018 was enough to purchase the entire stock markets of Nigeria, Hungary, Egypt, Luxembourg, and Iran. Following the report by Quartz, Amazon workers in Poland, (Germany), and Spain participated in demonstrations and labor strikes to draw attention to his growing wealth and the lack of compensation, labor rights, and satisfactory working conditions of select Amazon workers. On July 17, 2018, he was designated the "wealthiest person in modern history" by the Bloomberg Billionaires Index, Fortune, MarketWatch, The Wall Street Journal, and Forbes.

In 2019, Bezos's wealth was reduced by his divorce from his wife MacKenzie Bezos.[219 According to Forbes, had the
Washington state common law applied to their divorce without a prenuptial agreement, Bezos's wealth could have been equitably divided with his ex-wife; however, she eventually received 25% of Bezos's Amazon shares, valued at approximately $36 billion, making her the third richest woman in the world. Bezos retained his interest in The Washington Post and Blue Origin, as well as voting control of the shares received by his ex-wife.

In June 2019, Bezos purchased three adjoining apartments overlooking Madison Square Park in Manhattan, including a penthouse, for a combined total of US$80 million, making this one of the most expensive real estate purchases within New York City in 2019.

In February 2020, Bezos purchased the Warner Estate from David Geffen for $165 million, a record price paid for a residence in the Los Angeles area. The previous record high price of $150 million was paid by Lachlan Murdoch. During the COVID-19 pandemic, it was reported that Bezos's fortune had grown by $24 billion, citing a surge in demand from households on lockdown shopping on Amazon.

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