Jeff Bezos’s net worth, which fascinates many people, is closely linked to Amazon stock, and his fortune tends to fluctuate in step with it. You may be surprised at how much money Bezos makes a day or per second.
The Amazon founder’s fortune stands at $187 billion. He continues to rank among the world’s top billionaires even after stepping down as Amazon CEO. The other billionaires in Bezos’s ranking are Tesla CEO and Dogecoin fan Elon Musk, Bernard Arnault, Bill Gates, and Facebook’s Mark Zuckerberg.
Breaking down Jeff Bezos’s income
Bezos is entitled to a salary at Amazon. In addition to that core income, Bezos is entitled to a range of other perks. For example, Amazon pays for his security services and business travel expenses. He also receives capital gains on Amazon stock sales.
What's Jeff Bezos’s annual income?
Since 1998, Amazon has paid Bezos an annual base salary of just over $80,000. Other compensation, including the founder’s security and business travel expenses, add up to $1.6 million. Therefore, between the base salary and other compensations, Bezos takes home around $1.7 million annually.
What's Jeff Bezos’s income per second?
To calculate what Bezos earns per second, we could use either his annual income or change in net worth. Based on his annual income of about $1.7 million, Bezos makes more than $140,000 a month, and $4,700 a day. If you break it down further, the billionaire makes about $390 an hour, $6.56 a minute, and $0.10 a second.
Working with the change in Bezos’s net worth, it appears the billionaire is actually losing money in 2021. Bezos’s fortune has dropped about $4 billion over the past eight months. That shows Bezos is losing $500 million a month, $17 million a day, $690,000 an hour, $12,000 a minute, and $190 a second.
What's the source of Jeff Bezos’s wealth?
Bezos owns several expensive homes and businesses. In addition to Amazon, Bezos owns space travel company Blue Origin and media publisher The Washington Post. The billionaire purchased the newspaper for $250 million in 2013. Most of Bezos’s wealth is tied to his shareholding in Amazon. Amazon stock has struggled in 2021, dealing a blow to the billionaire’s fortune.
Bezos is Amazon’s top shareholder with a stake of more than 11 percent, which translates to $179 billion at Amazon’s market capitalization of about $1.63 trillion. Bezos’s Amazon stake dropped after he carved out a portion of his stake and transferred it to his ex-wife MacKenzie Bezos in a divorce settlement.
The billionaire also sells his Amazon shares from time to time to raise money for other projects. For example, Bezos has revealed selling $1 billion in Amazon stock annually to fund Blue Origin, his private company focused on space tourism. Blue Origin enabled Bezos to level up with fellow billionaire Richard Branson by reaching space in Jul. 2021.
Bezos deploys some of his wealth to philanthropic efforts and environmental protection initiatives. The billionaire has pledged $10 billion toward climate programs under the Bezos Earth Fund.