I wanted to do the job better, she says. Market Realist is a registered trademark. Theyre directly impacting the bottom line, and theyre not asking for things to compensate them for that.. In other words, he makes more in one week than the median Amazon worker. Our site uses cookies. Jeff Bezos on Instagram: "John Connors has been my executive assistant for the last 19 years. first person in history to be worth $200 billion. We believe that all Company-incurred security costs are reasonable and necessary and for the Companys benefit, and that the amount of the reported security expenses for Mr. Bezos is especially reasonable in light of his low salary and the fact that he has never received any stock-based compensation, Amazon said in an SEC filing on Thursday. Bezos, the founder of online retail giant Amazon who currently serves as the CEO, drew a base salary of $81,840 in 2019, according to a report from Market Watch. When he overtook the Microsoft cofounder, Bezos' net worth was a mere $92.8 billion. As Bloomberg notes, Bezos net worth is2,687,125times the median US household income and equivalent to 0.85% of US GDP. In addition, he is one of the few mega-wealthy individuals who hasn't taken the Giving Pledge, in which he promises to donate at least half of his wealth. Amazon founder Jeff Bezos, on the other hand, had a salary of $81,840 in 2017still modest by CEO standards. She kept a 4% stake in Amazon, which now makes her the third-richest woman in the world. Almost All Of His Net Worth Comes From Amazon Stock His increase in wealth in 2020 came largely from Amazon stock, which is up from $3,055 this time last year to $3,646 today. Each has shelled out $1,500 for the two days from her own pocket or her companys funds. Visit Business Insider's homepage for more stories, a bachelor's degree from Princeton University. All Rights Reserved. Therefore, Bezos' annual income is about $1,681,840. Executive assistants in fields like tech and finance earn much more, averaging nearly $90,000. Supporting executives at that level means mirroring them and knowing how to manage them. Stay up to date with what you want to know. . American entrepreneur Jeff Bezos is the founder and executive chairman of Amazon.com and owner of 'The Washington Post.' His successful business ventures have made him one of the richest people in the world. // ]]> Megan Broussard is a storyteller from New York City. +1.17% the first Forbes 400 data on American billionaires was published. 2:17. He says that in cities like San Francisco and New York annual compensation for experienced assistants can reach $500,000, but most are in the high five figures and are undervalued for their hours and work. Business Assets Income Salary. Lauren Jiloty Senior EA to Bill Gates, will also be sharing her story, offering advice on how to get to the top and stay there. That got Debbie Furlano, executive assistant to the CEO of a $120 million construction company, a 13% raise when she broached the subject with her boss. Low-Kramen, 61, who herself spent almost 25 years as the personal assistant to actress Olympia Dukakis, also holds workshops at companies like CNN and PricewaterhouseCoopers, and she speaks before outfits like Merck, Freddie Mac and the Young Presidents Organization at $10,000 a shot. Like Low-Kramen, she also does two-day training programs, 30 of them a year for groups of an average of 30 assistants at up to $1,000 a head. . Amazon founder Jeff Bezos has a net worth of $1 billion, according to Bloomberg. Berkshire Hathaway CEO Warren Buffett and Facebook CEO Mark Zuckerberg operate by a similar model. The company reported a median annual compensation of $37,930, a boost of $1,290, resulting from "special bonuses and incentives awarded to our teams in 2020 in recognition of their role serving communities during the COVID-19 pandemic," Amazon said in its proxy. There is no need for loans for them. GO TO WWW.bezosfamilyfoundation.org to view the website. As for Amazon's US full-time employees, they saw more of a wage boost in 2020. His net worth exploded by $75 billion during 2020 as the. AMZN, He supervised 12 to 14 workers and was paid from $963 to $1,341 . she was an administrative assistant who'd recently graduated from Yale. In the Exec Chair role, I intend to focus my energies and attention on new products and early initiatives. Full name: Jeffrey Preston "Jeff" Bezos. The billionaire also sells his Amazon shares from time to time to raise money for other projects. Last year, Bezos took home $81,840, Amazons latest proxy statement revealed. Amazon CEO Jeff Bezos thanked his executive assistant John Connors on Wednesday in an Instagram post for his services. The median Amazon worker made $29,007 in 2020, a $159 increase from the year prior. Send an email to [emailprotected] so that Bezos or his Executive Team can assist you. We get it: you like to have control of your own internet experience. It motivated employees who feared for their jobs as well. Bezos earned 58 times that in 2020, with an annual compensation of $1,681,840, the same as the year prior. The company has received criticism over its working conditions, especially for drivers, who have reported urinating in water bottles and defecating in bags when on the clock. Exercising at the gym? Bezos, who has a bachelor's degree from Princeton University, makes $152,207 every minute, according to Business Insider's calculations. The CEO, who is stepping down from his role later this year, has a nearly $200 billion fortune, making him the wealthiest person in the world. The other billionaires in Bezos ranking are Tesla CEO and Dogecoin fan Elon Musk, Bernard Arnault, Bill Gates, and Meta's Mark Zuckerberg. . As Chief Executive Officer, Director at AMAZON COM INC, Jeffrey P. Bezos made $1,681,840 in total compensation. Bezos wealth has surged in the past year along with Amazons share price. Access your favorite topics in a personalized feed while you're on the go. Here are some of the things she can teach you: You have to know your managers spouses, childrens and pets names, and their birthdays. Blue Origin enabled Bezos to level up with fellow billionaire Richard Branson by reaching space in July 2021. Jrg Carstensen/picture alliance via Getty Images, Susan Walsh/AP; Joshua Roberts/Reuters; Axel Schmidt/Getty Images. The stereotypical, meek, Mad Men style typists are far from the reality of today's assertive, versatile EAs, PAs and Administrative professionals. . Here are a Few Tips to Get You Started, 39 Questions to Make Small Talk With Anyone, How Working Remotely Can Increase Happiness. Low-Kramen is a regular on Braziers tour. How to get one step ahead, she says, and anticipate their needs, think like they do, know what theyd like and really become that body double, that brain double that executives can go to for quick options or gut-checks., As his assistant, Hiatt developed a curriculum to teach Eric Schmidt about artificial intelligence and helped negotiate with NBC for YouTubes use of Olympics footage. Bezos founded Amazon, founder of The Washington Post, and Blue Origin, an educational space exploration company . Jeff Bezos Net Worth 2023. From an awkward, terrified young typist in her 20s to a spit-fire, right-hand woman to President Mandela, she grew to be his loyal and devoted confidante, spending most of her working-life travelling with, caring for eventually calling Khulu, or grandfather the political icon we all knew from speeches on or television sets. Last year, Bezos took home $81,840, Amazon's . Since mid-October 2019, Bezos' fortune has grown by $80 billion. Jeff Bezos and rumored fiance Lauren Sanchez are still going strong, as the pair were snapped arriving in Los Angeles aboard a $65 million private jet Tuesday. You have to tell yourself that.. From 1998 until 2021, Bezos' base salary of $81,840 has remained the same. He thinks ahead, sweats the details, and makes things fun. While looking at his annual income, you might not truly understand just how massive this amount is. lost a quarter of that stake to his ex-wife, Sam Bankman-Frieds Deceptions Allegedly Include Millions in Illegal Campaign Contributions, The Fed Raises Rates as Expected, But Spooks Investors With a Gloomy Forecast, Meta Is Sued for Allegedly Profiting From Hateful Content on Facebook in Ethiopia, Twitter Suspends @ElonJet, the Account Tracking Musks Private Flights. He wanted to see how meticulous his potential assistant could be. I empower them to understand that they do know better. she says. What Bezos makes per second is shocking. Even though most of these emails do not get a response from him directly, he claims to read them all. Net Worth: $123.70 Billion: Name: Jeff Bezos : Salary: $185,000 + Monthly Income: $16000 + Based on the year-over-year change in his net. This means, that over the past six months, Bezos has lost $10 billion a month, approximately $391 million dollars a day, and $16 million an hour. You might start by approaching The Duncan Group, a New York-based search firm that places top-level assistants with CEOs and wealthy families, charging 30% of a first years salary that averages between $125,000 and $150,000. He also receives capital gains on Amazon stock sales. (Left to right:) Lucy Brazier, Melba Duncan and Al-Husein Madhany are in the business of educating ambitious executive assistants on how to be better at what they do and encouraging them to seek higher compensation. He did, however, earn $1,600,000 from various compensation types. Even though most of these emails do not get a response from him directly, he claims to read them all. Bzose mucho. The billionaire purchased the newspaper for $250 million in 2013. Our swings will be insufficient if we don't. Read more: Amazon logistics salaries revealed: Here's what workers bulking out Amazon's supply chain make, from entry-level analysts to senior management. The only U.S. companies more valuable were Apple Inc. Based on the median net worth of an average US household, $97,300, an average American spending $1 is roughly equivalent to Bezos spending $1.95 million. Age: 50 (12 January, 1964) Nationality: US. Gone are the days of simply fetching the coffee and sitting at a typewriter. In addition to that core income, he's entitled to a range of other perks. var sharebutton_is_horizontal = false; document.write('
