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How Much Money Does Jeff Bezos Have?

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How Much Money Does Jeff Bezos Have?

Jeff Bezos is one of the richest people in the world, and he was the first person to pass the $200 billion benchmark. He is the founder of Amazon, and he reigned as CEO from the start of the company in 1994 until 2021 when he stepped down and become the executive chair. Although he has an annual salary of $1.6 million, he doesn’t get his wealth from that. Instead, Bezos’ wealth mostly comes from Amazon stock. How did Jeff Bezos become a billionaire, and how does he spend his money? Benzinga took a deep dive into these questions, and you can find the answers below.

What is Jeff Bezos’ Net Worth?

Jeff Bozos’ net worth is $148.1 billion in 2022, according to Bloomberg. He was recently knocked off of the number two spot on Bloomberg’s richest people in the world list and now sits at number three behind Elon Musk and Gautam Adani.

Bezos once held the title of the richest man in the world, but his net worth has gone up and down because of events in the past few years. But don’t feel too sorry for him; he never lost his title of billionaire once he achieved it.

Bezos got his start when his parents gave him almost $300,000 to start an online bookstore that he named Amazon. He had instant success, and three years after launching, he took the company public. As soon as the company went public, Bezos’ net worth skyrocketed to $120 billion, but when the dot-com bubble hit, his net worth shrank to $2 billion.

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On the day he and his wife announced their divorce, Bezos was worth $136 billion. Then, the next year the pandemic hit, and everyone began shopping on Amazon because they were quarantined in their homes. The Amazon stock rose 4.6% to $2,270 per share, and Bezos profited from it dramatically. In July 2021, Bezos tore through the $200 billion benchmark with a net worth of $211 billion.

Bezos transferred a large portion of Amazon stock to his wife during the divorce, which whittled away at his net worth. That, combined with a $20 billion loss in April 2022 when Amazon stock crashed, meant that his net worth – while still in the billions – shrunk considerably.

Most of Bezos’s net worth comes from the stocks he owns in Amazon. He is the single largest shareholder in the company and owns 11% of the stock. That means most of his wealth comes from the stock and his ability to sell it. Since 1997, he has sold $27 billion in Amazon stock.

But stocks aren’t the only way Bezos earns his money. He launched Amazon Web Services in 2002. The company offers a cloud platform for many entities, including a $600 million deal with the Central Intelligence Agency. He also launched Amazon Kindle.

Jeff Bezos’ Divorce Settlement

In January 2019, Jeff Bezos and his wife, MacKenzie Bezos, announced their decision to divorce in a joint statement on Twitter. At the time of the announcement, Jeff Bezos was worth $136 billion.

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In April 2019, Bezos submitted a settlement offer to the judge where Jeff Bezos would give MacKenzie Bezos 4% of the outstanding Amazon stock, which amounted to 19.7 million shares. Despite fears from investors, MacKenzie agreed to give Jeff Bezos voting control of her shares.

After the divorce, Bezos’ net worth shrank to $114.8 billion, but he was still considered the richest man in the world at that time. The shares of Amazon stock he gave to MacKenzie reduced his net worth by $38.3 billion.

How Does Jeff Bezos Spend his Money?

As you would expect from anyone who has billions of dollars, Jeff Bezos spends his money on things most people would never consider. For instance, in 2013, Bezos purchased the Washington Post for $250 million. Since then, its readership has increased, and it expanded its digital offerings.

Bezos also invested in many homes, one of which sits on more than five acres and is near Amazon’s headquarters in Seattle. He also purchased two houses in Beverly Hills that are right next door to each other. MacKenzie Bezos received both homes as part of the divorce settlement and donated them to a charity called the California Community Foundation. The couple originally paid a total of $37.4 million for the homes. Less than a year after the divorce, Bezos paid $165 million for a 10-acre home in Beverly Hills. In addition to even more homes, the billionaire owns more than 400,000 acres across the nation. On top of that, he owns a ranch in Van Horn, Texas that he uses as the base for his space exploration company, Blue Origin.

Bezos is fascinated with space exploration, and he spends a lot of money on it. In 2000, the business development expert invested $7.5 billion in Blue Origin and has collected as much as $100 million in ticket sales for his tourist-to-space program. He recently sent four people, including William Shatner, the actor who played Captain Kirk in the Star Trek series, into space for a 10-minute ride where they experienced weightlessness for three minutes. Shatner, who was 90 at the time, walked away from the experience in awe. In an interview in 2018, Bezos said that he will continue to use the money he earns from Amazon to fund his interest in space travel.

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And Bezos doesn’t only like space travel. He also spent $65 million on a Gulfstream private jet. He also likes to spend money on cars. For instance, Bezos spent $4.8 million on a Koenigsegg CCXR Trevita that sparkles like diamonds when the sun hits it. And his garage is filled with other expensive, exotic cars.  

The billionaire also donates some of his money to charity, although not as much as some of his peers. But when he does donate, his charities of choice tackle climate change, homelessness and cancer research.

Finally, Bezos spends his money on some unusual projects. For example, he invests in the Long Now Foundation’s 10,000-year clock that is being built underground in West Texas. Bezos tweeted that the clock is a symbol of long-term thinking.

In line with his fascination with space, Bezos funded and led an expedition on the floor of the Atlantic Ocean to recover one of the Apollo 12 rocket engines.

Frequently Asked Questions

Questions & Answers

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How does Jeff Bezos make most of his money?

A

The majority of Jeff Bezos’ money comes from Amazon stock. He owns 11% of the stock, which makes him the largest single shareholder in the company. Since 1997, Bezos has sold $27 billion worth of Amazon stock.

Q

Does Jeff Bezos share his wealth?

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A

Jeff Bezos does share his wealth, and he is known as a philanthropist for many charitable causes. For instance, he gives away his money for causes like climate change, homelessness and cancer research. But the billionaire doesn’t quite keep up with other wealthy philanthropists. As of 2021, he had given away $1.5 billion, which is only 0.7% of his wealth. He is also one of the world’s elite that has so far refused to sign the Giving Pledge, which is a promise to give away half of his wealth, despite the fact that his ex-wife signed the pledge.

1 million BTC

Sleuth Discovers Satoshi’s Long-Lost Bitcoin Version 0.1 Codebase, Raw Code Contains Bitcoin Inventor’s Never-Before-Seen Personal Notations

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Sleuth Discovers Satoshi’s Long-Lost Bitcoin Version 0.1 Codebase, Raw Code Contains Bitcoin Inventor’s Never-Before-Seen Personal Notations

On October 7, 2022, a bitcoin supporter named Jim Blasko explained that he discovered the oldest upload of Bitcoin’s version 0.1 codebase. The original code was thought to have been lost for more than a decade and with a “little browser hacking” Blasko was able to find the lost version 0.1 raw data and files stored on sourceforge.net.

Bitcoiner Scrapes Up the ‘Cleanest Original Version of Bitcoin’ Thought to Be Lost Forever

For well over ten years, Satoshi Nakamoto’s version 0.1 codebase was thought to be lost. If one is to search, it’s extremely difficult to find and some people have discovered bits and pieces of the code. Bitcoiner Jim Blasko revealed on October 7 via a Facebook post that using a touch of browser hacking he was able to scrape up the long-lost code. After explaining a bit of history, Blasko detailed that it took Bitcoin’s creator roughly six months to mine the inventor’s stash of 1 million BTC.

Bitcoin’s version 0.1 codebase discovered by Jim Blasko.

“Satoshi would take at least 6 months to mine 1 million bitcoin,” Blasko’s post explains. “As block 20,000 wouldn’t come until July 22nd, 2009, and others like Hal [Finney] were mining as well, so at least this time or shortly thereafter. [The network’s difficulty] was only 1 at the time and basic [CPU] mining would continue for a couple of years.” Furthermore, the bitcoiner explained that in late August 2009, Martti Malmi uploaded the raw code of Bitcoin v0.1 to sourceforge.net.

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“Since 2012 it was thought that the raw code and the files were gone as they had been scraped from the Sourceforge search engine for some reason,” Blasko’s post says. “I know many users [were] looking for the original v0.1 code for a very long time and Hal Finney was planning to email it to some people in 2012, but his health was poor and by his own words didn’t get online much to respond,” the crypto researcher adds.

Blasko’s post continues:

I’m not sure if Hal ever did send it out, as Hal was the earliest to receive Bitcoin v0.1 code from Satoshi. Either way, I did some digging and I was able to find the original code still on Sourceforge using some browser hacking.

Via Blasko’s discovery, the hidden code uploaded on August 30, 2009 can be found here and here. Blasko’s discovery is unique because it is the very first version of Bitcoin presented in an untampered way and it contains all of Satoshi’s personal notations in the early codebase. Blasko said that he was aware that there are existing versions of Bitcoin version 0.1’s codebase on Github, however, he believes it’s “the cleanest original version of Bitcoin.”

Bitcoin’s version 0.1 codebase discovered by Jim Blasko.

In the codebase, Nakamoto explains things like why base-58 was chosen instead of standard base-64 encoding, and other notations like things the inventor planned “to do” later in the future. There’s also a great description of the original Bitcoin operations codes (opcodes) and what each one does. Opcodes such as OP_CHECKSIG, OP_CHECKSIGVERIFY, OP_CHECKMULTISIG, and OP_CHECKMULTISIGVERIFY.

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1 million BTC, 2009, 2009 codebase, Bitcoin, Bitcoin (BTC), Bitcoin codebase, Bitcoin v0.1 code, Bitcoin Version 0.1 Codebase, CPU Mining, crypto researcher, crypto sleuth, crypto slueth, difficulty, github, Hal Finney, Jim Blasko, long-lost code, mining, Nakamoto, network, Satoshi, Satoshi Nakamoto, Sourceforge, Sourceforge repo

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What do you think about Jim Blasko’s early Bitcoin codebase discovery? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits: Shutterstock, Pixabay, Wiki Commons, Editorial photo credit: Valery Brozhinsky / Shutterstock.com and Sourceforge

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Alex Mashinsky

Bankruptcy Court Publishes 14,000 Pages Of Celsius Customer Usernames And Trade History

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Bankruptcy Court Publishes 14,000 Pages Of Celsius Customer Usernames And Trade History

The crypto community is upset about a recent discovery stemming from the Celsius bankruptcy case as a court filing has revealed over 14,000 pages of the usernames and trading histories of the company’s customers. While the file does not disclose personal information tied to the user’s finance providers or the customer’s residential address, the crypto community believes there are other ways these identities can be doxxed.

Crypto Community Is Appalled by Celsius Username and Trading History Court Filing

The embattled crypto lender Celsius is dealing with controversy again as a court filing has been discovered by the news outlet Gizmodo. The 14,000-page filing reveals the usernames and trading histories tied to Celsius clients.

The data release has caused an uproar within the crypto community as many believe high-net-worth traders could be doxxed. While the list only shows usernames and trades, it is alleged that more information tethered to the identities of the users can be discovered by heuristics and blockchain parsing tools.

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“This Celsius dox is one of the [most] egregious privacy violations in crypto history,” one individual wrote. “Many on this list may have their safety at risk. It’s more important than ever to maximize your digital security.”

The addresses of each user have been redacted and names were allegedly supposed to be redacted but the U.S. bankruptcy court trustee William Harrington objected to the requests that pressed for the customer’s names to be redacted as well.

Harrington claims that the bankruptcy case needs to be “open and transparent” and he also remarked that Celsius need to “demonstrate extraordinary circumstances and a compelling need to obtain protection to justify any such request.”

The filing is roughly 18.6 gigabytes of user data and in addition to a large number of customers, Celsius executives Alex Mashinsky’s, Dan Leon’s, and Nuke Goldstein’s trades are also present in the filing. The news follows the third-party data leak that took place on July 28 when Celsius disclosed a third party had access to customer data.

The latest court filing disclosure of 18.6 gigabytes of user data follows the finalized schedule for the Celsius bankruptcy sale. While the names of the customers are redacted, the crypto community is not pleased with Celsius and the bankruptcy court trustee’s decision.

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“Typically, when you dox you don’t get rugged. And on the other hand, when you get rugged you don’t get doxxed,” one user stressed on Twitter. “Celsius tier 1 sh** storm.”

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Alex Mashinsky, Bankruptcy, Bankruptcy Court, Celsius, Celsius CEO Alex Mashinsky, Celsius crypto lender, Celsius usernames, Chapter 11 Bankruptcy, court examiner, Court Filings, Court trustee, Crypto lender, Dan Leon, examiner, Finalized Sale, FTX CEO, Insolvency, judge Martin Glenn, Nuke Goldstein, reorganizing, Sale Hearing, Southern District of New York, William Harrington

What do you think about the court publishing the usernames and trading history stemming from Celsius customers? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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EU Bans Crypto Services For Russians In New Sanctions Over Ukraine Escalation

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EU Bans Crypto Services For Russians In New Sanctions Over Ukraine Escalation

An array of crypto-related services have been targeted in the latest round of sanctions on Russia approved by the EU. The measures are part of an expected tightening of the economic and financial restrictions in response to Moscow’s decision to annex Ukrainian territories.

EU Council Adopts Full Ban on Crypto Wallet and Custody Services for Russian Persons

The Council of the European Union announced new sanctions against Russia on the backdrop of the deepening military conflict in Ukraine. The penalties, expected to hurt the Russian government and economy, come after Moscow took steps to annex the Ukrainian regions of Donetsk, Luhansk, Zaporizhzhia, and Kherson.

In a statement, the EU’s High Representative for Foreign Affairs and Security Policy Josep Borrell emphasized that the sanctions are a response to the latest escalation with the “fake referenda” in these four oblasts. Russian individuals and entities that have played a role in their organization will be specifically targeted.

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Other Russian citizens and businesses are also going to take a hit, including those that deal with cryptocurrencies. The new measures include a full ban on the provision of wallet, account, or custody services for crypto assets to Russian persons and residents. That’s regardless of the value of these assets, according to the eighth package of sanctions imposed by Brussels.

This spring, when the EU approved its fifth round of such measures, the Council prohibited only the provision of “high-value” crypto-asset services to Russians and organizations registered in their country. The ban applied to digital funds exceeding €10,000 (close to $11,000 at the time).

New European Sanctions to Hit Russian Imports and Exports

While the earlier restrictions were meant to limit the transfer of wealth through digital assets and close other loopholes in the crypto space, a recent report revealed that pro-Russian groups have been actively using cryptocurrency, often in small transactions, to fund paramilitary operations in Ukraine. According to the research, they have raised $400,000 in crypto since the start of the invasion in late February. Russian authorities have also been working to allow businesses to employ crypto payments for international settlements.

With the latest move, the EU also bans the provision of IT consultancy and legal advisory services to Russia as well as architectural and engineering services. Russian imports and exports have been targeted, too, including the maritime transport of crude oil and petroleum products to third countries. The provision of related services will be allowed only if these have been purchased at or below a pre-established price cap, which is yet to be determined.

Among the other measures is a ban on EU nationals to hold any posts on the governing bodies of some Russian state-owned or government-controlled entities. The Council also decided to broaden the criteria under which persons can be designated as facilitating the circumvention of restrictions imposed by the European Union. The European Commission, the executive body in Brussels, welcomed the latest sanctions package.

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annexation, ban, conflict, council, Crypto, crypto services, Cryptocurrencies, Cryptocurrency, custody, escalation, EU, EU Council, european, European Union, Exports, imports, package, prohibition, referenda, referendums, regions, restrictions, round, Russia, russian, Sanctions, Services, Ukraine, Wallets, War

Do you think the new EU sanctions will significantly limit access to cryptocurrencies for Russians? Share your thoughts on the subject in the comments section below.

Lubomir Tassev

Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

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Image Credits: Shutterstock, Pixabay, Wiki Commons

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