[199] 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. WebFor the years he did pay federal income taxes between 2006 and 2018, Bezos paid a total of about $1.4 billion on a reported income of $6.5 billion, or a rate of about 21.5%. Jeffs mother and father were was only 17 and 19 when he was born. [238][239], In January 2019, Bezos and his wife Mackenzie Scott released a joint statement which revealed that they would be getting divorced after 25 years together. [228] Bezos had also purchased three adjoining apartments at 25 Central Park West in Manhattan for $7.65 million in 1999;[229][230] he bought a fourth unit in that building for $5.3 million in 2012. [212] During March 9, Bezos earned $230,000 every 60 seconds. Bezos not only invested in the real estate startup's seed round in 2021, but he doubled down on that investment during the company's series A last year. [306], Bezos Academy is a group of tuition-free preschools for students from low-income families, which was created by Bezos, and which operate in a manner similar to the Montessori method. [85] The American workers who were being paid the minimum wage had this increased to $15 per hour, a decision that was interpreted as support for the Fight for $15 movement. But he's now out of the NFL and working as the head coach of the XFL's Houston Roughnecks And Phillips - part of a first family of football in Houston thanks to A local newspaper quoted his intention "to get all people off the earth and see it turned into a huge national park". [57] In 2002, Bezos led Amazon to launch Amazon Web Services, which compiled data from weather channels and website traffic. [b], His wealth, in 201718 terms, equaled that of 2.7million Americans. Mark remembers his brother being extremely thin and basically eating whatever he wanted. [74] Amazon's share price fell by 9% in response to the President's negative comments; this reduced Bezos's personal wealth by $10.7billion. [47][48] With Bezos at the helm and Scott taking an integral role in its operationwriting checks, keeping track of the books, and negotiating the company's first freight contractsthe foundation was laid for this garage-run operation to grow exponentially. ", "Are you lazy or just incompetent? [191] After the financial crisis and succeeding economic recession, his net worth would decrease to $6.8billiona 17.7% drop. WebThere is little chance that Jeff Bezos will slow down after stepping down as Amazon CEO. [236][115] Bezos treatment of employees at The Washington Post has also drawn scrutiny. ago The conversation was a lot more depressing than what you imagine r/SCP Join 3 yr. ago [190] From 2005 to 2007, he quadrupled his net worth to $8.7billion. [259], According to public campaign finance records, Bezos supported the electoral campaigns of Patty Murray and Maria Cantwell, two Democratic U.S. senators from Washington. As CBS Sports reported back in 2019, Bezos spent some time getting close with several owners back then and he had "strong support within the league" to become an owner at that point. Since its launch in 2016, Overtime said, it has nearly 50 million social media followers. [132][133] Journalist Mark O'Connell criticized Bezos's relentless customer focus as "very small" in terms of impact on humanity as a whole,[134] a sentiment technologist Tim O'Reilly agreed with. [76] During July 2018, a number of members of the U.S. Congress called on Bezos to detail the applications of Amazon's face recognition software, Rekognition. Retail Does Jeff Bezos Own a Sports Team? From being spotted at the Super Bowl to sharing drinks with NFL team owners, Jeff Bezos seems to love sports, but does he own his own team? No, Jeff Bezos does not own a sports team. Nonetheless, he certainly has enough money to buy a sports team with the fortune he has accumulated from Amazon. [23], After Mike had received his degree from the University of New Mexico, the family moved to Houston, Texas, so that he could begin working as an engineer for Exxon. [9] In August 2020, according to Forbes, he had a net worth exceeding $200billion. [39] To push Amazon forward, Bezos developed the mantra "Get Big Fast", establishing the company's need to scale its operations to produce market dominance. [41][42], After Bezos graduated from college in 1986, he was offered jobs at Intel, Bell Labs, and Andersen Consulting, among others. 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. Sports media company Overtime has secured an $80 million fundraising round with investors including Jeff Bezos' investment firm, global entertainer Drake, Reddit co-founder Alexis Ohanian and several National Basketball Association players. [143], Throughout his early years of ownership of The Washington Post, Bezos was accused of having a potential conflict of interest with the paper. [280], In January 2020, The Guardian reported that the hack was initiated before the murder but after Khashoggi wrote critically about the crown prince in the Washington Post. [132] During the 1990s, Bezos earned a reputation for relentlessly pushing Amazon forward, often at the expense of public charity and social welfare. He was succeeded as CEO by Andy Jassy. [30][31] The family moved to Miami, Florida, where Jeff attended Miami Palmetto High School. That shouldn't be an issue for Bezos, who with a net worth of $117.8 billion is one of the world's wealthiest people. [274], In 2019, a political action committee linked to Bezos spent over $1million in an unsuccessful attempt to defeat the reelection bid of Seattle city council member and activist Kshama Sawant. Overtime said it will use a portion of the $80 million to help pay for salaries of players and staff, support league start-up costs, invest in the NFT sector and enhance its app. [285], In September 2018, Business Insider reported that Bezos was the only one of the top five billionaires in the world who had not signed the Giving Pledge, an initiative created by Bill Gates and Warren Buffett that encourages wealthy people to give away a majority of their wealth. When he studied at Stanford, he joined a variety of sports teams, including in-line skating, skiing, gymnastics, and trapeze. Amazon Bezos left D.E. The Washington Post reported that Jones may be leaning on Dan Snyder to sell However, Bezos was not included in that stage of the bidding. On July 20, 2021, he launched on the NS-16 mission with his half-brother Mark Bezos, Wally Funk, and Oliver Daemen. Here's how the e-commerce giant got its name", "Jeff Bezos convinced 22 investors to back his new company Amazon in 1994. Then Bezos called his bluff", "Why Amazon's collaboration with the CIA is so ominous and vulnerable", "DoD's $10B cloud contract comes under protest 11 days after final RFP", "Microsoft wins Pentagon's $10bn cloud computing contract", "Amazon suing Pentagon over $10B cloud contract, alleging 'bias', "Pentagon cancels $10 billion JEDI cloud contract that Amazon and Microsoft were fighting over", "Amazon Pushes ICE to Buy Its Face Recognition Surveillance Tech", "Amazon's growing spending on Seattle politics includes a spate of donations from Jeff Bezos' 'S Team', "Jeff Bezos donates $100M to the Obama Foundation in honor of Congressman John Lewis", "Jeff Bezos donates to Obama Foundation in honor of John Lewis", "Saudi crown prince meets Amazon CEO Jeff Bezos in Seattle", "Saudi Arabia 'hacked Amazon boss's phone', says investigator", "Jeff Bezos hack: Amazon boss's phone 'hacked by Saudi crown prince', "Jeff Bezos hack: Saudi Arabia calls claim 'absurd', "Fred Hutch receives $35million donation, largest ever, from Bezos family", "Amazon CEO Jeff Bezos and family donate $20M to Fred Hutchinson Cancer Research Center", "Jeff Bezos is the richest man in modern history here's how he spends on philanthropy", "Unanswered questions about Jeff Bezos' new $2billion philanthropic fund", "Jeff Bezos just gave $1million to the Reporters Committee for Freedom of the Press", "Jeff Bezos wants to give more money to charity. [11] He further expanded his residential holdings in February 2022, purchasing a $16.13-million-dollar apartment at a 24-story boutique condominium, located across from Madison Square Park in the Flatiron neighbourhood, where he already owns all the units on the top floors. Billionaire Amazon and Washington Post Owner Jeff Bezos has reportedly come up short in his bid to buy the Washington Commanders football team. [270] In November 2019, when the contract was awarded to Microsoft instead, Amazon filed a lawsuit with allegations that the bidding process was biased. Perez of FrontOfficeSports.com reports that no bid exceeded $6.3 billion. [251][252] All survived; Bezos sustained only minor injuries and was discharged from a local hospital the same day. No, Jeff Bezos does not own a sports team. Whats more, the report also said that The Raptors Global Ambassador Drake cheers on the team as the Toronto Raptors beat the Philadelphia 76ers 101-96 at the Scotiabank Arena in Toronto. [48][53][54] He warned many early investors that there was a 70% chance that Amazon would fail or go bankrupt. "Bezos" redirects here. Bezos not only invested in the real estate startup's seed round in 2021, but he doubled down on that investment during the company's series A last year. As CBS Sports reported back in 2019, Bezos spent some time getting close with several owners back then and he had "strong support within the league" to become an owner at that point. What would you do if your favorite TV show was CANCELED?! Jeff Bezos has been continually linked to buying the Washington Commanders But he could pivot to buying the Seattle Seahawks, says a new report Click here for all The real question, as a league source has framed it for PFT, is whether Bezos has deliberately chosen not to get in, or whether he has been frozen out. [293][294], In January 2018, Bezos made a $33million donation to TheDream.US, a college scholarship fund for undocumented immigrants brought to the United States as minors. ", "Amazon will have a new CEO as Jeff Bezos transitions to executive chair later this year", "Jeff Bezos and brother to fly to space in Blue Origin flight", "Jeff Bezos, Mark Bezos, Wally Funk and Oliver Daemen reach edge of space, return safely on Blue Origin's New Shepard rocket", "Jeff Bezos's single teen mom brought him to night school with her when he was a baby", Why Some Locals Are Skeptical About Jeff Bezos' Free Preschool Near Seattle, "At Last, Jeff Bezos Offers a Hint of His Philanthropic Plans", "Jeff Bezos just sold $534million worth of Amazon stock", "Biography and Video Interview of Jeff Bezos at Academy of Achievement", "Jeff Bezos: A rocket launched from Miami's Palmetto High", "Amazon.com's Bezos invests in space travel, time", "How Amazon's Jeff Bezos went from the son of a teen mom to the richest person in the world", "Top Executive Profiles Jeffrey P. Bezos", "MacKenzie Bezos and the Myth of the Lone Genius Founder", "Who's Writing the Book on Web Business?