Jeff Bezos Net Worth Hits $250 Billion

By Douglas A. McIntyre Published Dec 12, 8:15AM EST

Follow 24/7 Wall St. on Google

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Jeff Bezos Net Worth Hits $250 Billion — © Alex Wong / Getty Images News via Getty Images

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Elon Musk may be the wealthiest man in the world, with a net worth of $447 billion, which is driven mainly by the valuation of Tesla and SpaceX. However, the man in second place is also wildly rich, and his net worth has skyrocketed this year. Jeff Bezos, founder of Amazon.com Inc. (NASDAQ: AMZN | AMZN Price Prediction), has a net worth of $250 billion, up $72 billion in 2024.

24/7 Wall St. Key Points:

The net worth of Amazon.com Inc. (NASDAQ: AMZN) founder Jeff Bezos has skyrocketed this year.
His wealth is largely based on the e-commerce giant’s market cap.
Take this quiz to see if you’re on track to retire. (sponsored)

Bezos’s wealth is largely based on Amazon’s market cap. He founded the company in 1994. Amazon is the second largest employer in the United States, with over 16 million workers. Its market cap is $2.42 trillion, which is in fourth place behind Apple ($3.73 trillion), Nvidia ($3.41 trillion), and Microsoft ($3.24 trillion). Bezos owns 9% of Amazon.

Bezos started Amazon as an online bookseller in 1994. Its AWS division has grown into the world’s largest cloud computer company. Amazon remains the largest e-commerce company in the United States by far.

Amazon ranks number two on the Fortune 500 list, behind only Walmart. In the most recently reported quarter, it had revenue of $158.9 billion, up 11% from the same quarter the year before. Net income rose 54% to $15.5 billion.

Unlike Musk, Bezos’s net worth rides on one company’s success—Amazon. Musk has at least three: Tesla, SpaceX, and xAI.

Technology Legend Larry Ellison Has Over 95% of His Net Worth in 1 Stock

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.