Personal Finance
Written by Tanza Loudenback
2018-01-09T16:19:00Z
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It's hard to overstate the immensity of a 12-figure fortune.
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On Tuesday, Amazon CEO Jeff Bezos, who is already therichest person in the world,reached a $105 billion net worth.
In addition to founding the online retail behemoth, Bezos owns The Washington Post and an aerospace company, Blue Origin.
Below, check out sevenmind-blowing facts about Bezos and his billions.
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Bezos makes more money in one minute than the average millennial makes in a year.
In the last year alone, Bezosmade $19.3 billion.
That equals out to about $52 million per day, over $2 million per hour, and $36,000 a minute, or close to the average millennial salary.
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Bezos has more than four times as much money as his alma mater, Princeton University.
Bezos graduated from Princeton University in 1986 with a degrees in electrical engineering and computer science. As of March 2017, Princeton's endowment was $22.8 billion, less thanone-forth the amount of Bezos current net worth.
Although, he has returned some of his good fortune to the Ivy League. In 2011, Bezos and his wife, also a Princeton grad, donated $15 million to theuniversityto establish a center in the Princeton NeuroscienceInstitute.
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He's one of the top 25 largest landowners in America.
According to the Land Report, Bezos was 25th largest landowner in the US.His largest property by size is the 30,000-acre ranch in Van Horn, Texas, that serves as the baseforBlue Origin, Bezos' private space company.
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Bezos' Seattle-area mansion was worth less than 1% of his fortune when he bought it in 1998.
In 1998, Bezos purchased a 5.5-acre waterfront estate in Medina, Washington, a suburb of Seattle, for $10 million. His net worth at the time — one year after Amazon went public — was $1.6 billion, landing him on Forbes' annual list of the richest people in the world for the first time. The mansion was worth just 0.625% of his total fortune.
Since then, Bezos and his wife have acquired several properties surrounding their estate, creating a compound spanning more than 10 acres. Current estimates value the home at $70 million.
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He's building the biggest home in Washington, DC (aside from The White House).
Back in January, Bezos reportedly dropped $23 million on a pair of mansions — formerly a textile museum — in DC's exclusiveKalorama neighborhood with plans to turn theminto the largest single-family residence in DC with 27,000 square feet of living space.
The Obamas and Ivanka Trump and Jared Kushner are neighbors.
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Warren Buffett was worth $30 billion when Bezos became a billionaire — now the Amazon founder is richer.
Bezos became a billionaire in 1998, when Amazon went public. At the time, Buffett wasthe second richest person in the US, with anet worth of nearly $30 billion.
Nearly 20 years later, Bezos is about $20 billion richer than Buffett.
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He may be 'the first 12-digit man,' but his net worth could go even higher.
According toOxfam, an international network of organizations working to alleviate poverty,Bezos could become the world's first trillionairein the next 25 years.
Tanza is a CFP® professional and former correspondent for Personal Finance Insider. She broke down personal finance news and wrote about taxes, investing, retirement, wealth building, and debt management. She helmed a biweekly newsletter and a column answering reader questions about money. Tanza is the author of two ebooks, A Guide to Financial Planners and "The One-Month Plan to Master your Money." In 2020, Tanza was the editorial lead on Master Your Money, a yearlong original series providing financial tools, advice, and inspiration to millennials. Tanza joined Business Insider in June 2015 and is an alumna of Elon University, where she studied journalism and Italian. She is based in Los Angeles.
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