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Money doesn’t grow on trees—it grows on Jeff Bezos.
Throughout his career, Bezos—the mastermind behind the e-commerce giant Amazon and AWS—has trampled the competition and solidified his top spot on the “world’s richest” list.
His current net worth is indeed higher than the GDP of around 59 countries across the world.
This article will tell you—
- How much Jeff Bezos makes a day.
- How much Jeff Bezos is worth.
- Amazon’s total net worth.
- The ways Bezos likes to splash his cash.
How Much Does Jeff Bezos Make a Day?
Based on his average earnings over the last 10 years, Jeff Bezos makes $26,611,111 a day. (Sorry, had to clear my throat there. That’s 26 million dollars a day.)
To break this down even more—that’s $1,108,796 an hour, $18,480 a minute, and $308 a second.
Let’s put that in perspective—the money he makes in a single second is enough to buy a flat-screen TV or Gucci bag. And while you were reading the last sentence, Bezos earned enough for a two-week stay at an AirBnB in Destin, Florida.
And how did we calculate this?
According to Forbes’ real-time net worth tracker, Bezos currently has a net worth of $117.5 billion. Ten years ago, Bezos had a net worth of $21.7 billion—which means he made $95.8 billion during that time. That’s an average earning of $9.6 billion a year—or $798,333,333 a month. We can divide it further into days, minutes, and seconds.
In the world of billionaires, however, you can lose millions in a single day, and barely even make a dent in your overall net worth—which makes it difficult to track exactly how much these tycoons are making on a daily basis.
To make things easier, we’ll also look at Bezos’ salary from Amazon. He might be one of the richest men in the world, but his Amazon income is pretty modest at $81,840—unchanged since 1998.
On top of his salary, Amazon also pays Bezos $1.6 million to cover his security—this adds up to around $1,681,840—so Bezos makes $4,608 a day based on the money he gets from Amazon.
This is more than many of us make a month—but it’s still less than you’d expect from someone as rich as Bezos. That’s because it doesn’t cover the millions generated from stocks, EFTs, REITs, and dividends (not to mention his companies—namely Amazon).
Read our article on the Yearly Interest on 1 Billion Dollars for more insight into the finances of a billionaire.
How Much is Jeff Bezos Worth?
Jeff Bezos’ net worth is currently $117.5 billion—but these figures can change faster than it takes you to order a book from Amazon.
To give you an idea—by the end of 2021, Jeff Bezos had a net worth of $195 billion ($5 billion more than at the start of the year—and $77.5 billion more than his current net worth).
His net worth is closely connected to the changing stock market, which can go up and down depending on the economic climate and global events—so someone in the top 20 could lose up to 5 billion in a single day. (This seems like a lot to us mere mortals, the likes of Bezos probably wouldn’t even notice.)
Bezos’ net worth has fallen $77.5 billion since last year—and that’s quite the drop, even for someone so rich. What’s behind it? All signs point towards Amazon—his main source of income.
What is Amazon’s Net Worth?
Amazon is now worth about $960 billion (after losing nearly $1 trillion in value since July 2021 and leaving Jeff Bezos a little less well-to-do). A turning point came on October 27th, 2022, when Amazon’s projections revealed the slowest holiday-quarter growth in the company’s history, leading to a 21% drop in shares (one of the largest one-day declines in wealth to date).
How has Amazon changed over the years?
The company has humble beginnings—Bezos started it out of his garage in Seattle in 1994. He took it public in May 1997, and got his millionaire status only a year later. Since then Bezos has sold over $27 billion worth of stock.
Things took a turn in 2019 when he transferred 4% of the company (a quarter of his Amazon stake) to his ex-wife as part of their divorce agreement. Bezos gave up more control in July 2021 after stepping down as CEO to become executive chairman.
Before the recent drop in shares, Amazon was booming during the pandemic. Remote working and the closure of many brick-and-mortar stores caused a surge in online sales—Amazon reported $8.1 billion in profit in early 2021 (up 220% from the previous year).
Bezos now owns just under 10% of Amazon—that’s almost 90% of his overall fortune.
How Does Jeff Bezos Spend His Money?
Bezos didn’t fall into the “more money than sense” cliché and has been fairly smart (and somewhat stingy) with his spending habits—even pledging to give away the majority of his wealth throughout his lifetime.
Here’s a closer look at how Bezos spends his fortune.
Blue Origin
With all the money in the world, it makes sense to reach for the stars. And that’s exactly what Jeff Bezos is doing—spending roughly $8.7 billion on his aerospace company, Blue Origin.
The company was founded in 2000—and by July 2014, Bezos had invested over $500 million of his own money into Blue Origin. Since 2016, the company has also been using $1 billion a year from Bezos’ sale of Amazon stock.
Real estate
Jeff Bezos’ first big real estate investment was in 2011 when he bought into Airbnb in its early years—and he hasn’t stopped there. He went on to invest in Arrived Homes (a start-up founded in 2019 to convert homes across North America into rental properties).
As you’d expect, Bezos also owns several luxury homes across the country—in Washington D.C., Beverly Hills, Medina, New York, and Hawaii.
The Washington Post
In 2013, Jeff Bezos bought the Washington Post for $230 million. At first, he wasn’t interested and admitted his knowledge of newspapers was scant—but had a change of heart after some soul-searching. He said in an interview, “It is the newspaper in the capital city of the most important country in the world. The Washington Post has an incredibly important role to play in this democracy.”
Bezos believed his internet expertise and sheer optimism could save the newspaper from its downward spiral. The daily is now worth approximately $2 billion, mostly because of the increase in digital subscribers and ad revenue.
Charity
Considering Jeff Bezos’ fortune, you’d hope to see a decent amount donated to charity.
He did promise to spend $10 billion to combat climate change—but Forbes estimates that he has only donated $2.4 billion (only 2% of his total net worth) to philanthropic causes throughout his lifetime.
This includes—
- Over $300 million to the Courage & Civility Award
- $100 million to the Obama Foundation
- $100 million to Feeding America
Bezos has also donated $400 million in grants to the Bezos Day One Fund and has pledged a further $2 billion to help homeless families.
Key Takeaway
The thought of someone earning $26,611,111 a day is enough to make anyone wince—but there’s no denying that Jeff Bezos is a self-made man who has worked his way to the top.
With the turbulent stock market and Bezos’ recent decline in net worth, who knows how long he’ll hold on to his status as one of the richest men in the world?
Frequently Asked Questions
How much money does Jeff Bezos have?
Jeff Bezos’ current net worth is $117.5 billion—but this figure can change depending on the stock market and other factors (such as global events and the current economic climate).
How much does Jeff Bezos make in a week?
Bezos makes $31,145 a week from his Amazon salary—but if we take his average net worth over the last 10 years, he makes about $186,277,777 in a single week.
How much tax does Jeff Bezos pay?
Jeff Bezos paid a total of $23.7 million in tax in 2014–2018 (an average tax rate of 0.98%)—but he got away with not paying a penny of income tax in 2007 and 2011.
He pays so little (or nothing at all), largely because he offsets his income with deductions on debts and investment losses.
Grow Rich Income Reports Money
AUTHOR Lauren Bedford
Lauren is a published content writer who is passionate about helping and informing others through her content. In the last 5 years, Lauren has written about a range of subjects, including business, technology and finance.
