Jeff Bezos is the CEO of American E-commerce giants, Amazon. An Industrialist, Internet entrepreneur and Investor, Bezos founded Amazon in 1994 in his own garage as an online bookstore. It has since gone on to become the largest online sales company in the world. He graduated from Princeton University in 1986, where he majored in computer science and engineering. After his graduation, Bezos worked at various financial firms on New York City’s Wall Street, including a top investment firm called, D.E. Shaw. Know more about Amazon CEO salary and his earning information in this post.
Bezos worked his way up and was promoted to the role of vice president at a young age in 1990 but left four years later to launch the present day Amazon company.
It is reported that Bezos initially wanted to name his online bookstore ‘Cadabra’, but he was discouraged from using this name by his then legal advisor, Todd Tarbert, because of the similarities with the word ‘Cadaver’. He eventually settled on naming it Amazon, which is the largest river in the world; his aim was for the company to become the largest bookstore in the world.
He is also the founder of numerous other business entities including Blue Origin, a space-flight service company founded in 2000. There are plans for regular commercial space-flights in the near future, after the company successfully completed a space-flight test in 2015.
Asides from founding companies, he’s also bought out some notable ones as well. A good example is American newspaper company, The Washington Post. Bezos acquired the newspaper company for around $250 million in 2013. The net worth of Jeff Bezos was rumoured to be over $25 billion at that point in time. A few years after the purchase, Under Bezos’ ownership, the once-struggling newspaper finally made a profit, in three consecutive years (2016, 2017, and 2018).
How much does the Amazon CEO make annually?
As Chief Executive Officer of Amazon, Bezos earns a base salary like every other regular worker. While the base salary is the major part of Bezos’s income for his role as Amazon’s CEO, he is entitled to a wide range of other benefits. For instance, Amazon is responsible for Bezos’s security services and business travel costs. Amazon lists these benefits as ‘miscellaneous compensation’ for its CEO in annual regulatory reports. Therefore, Bezos’s total income consists of his base salary and other benefits.
As for the specifics of this annual salary; Bezos received a base salary of $81,840 in 2019. His base salary has remained the same dating back to at least 1998. Bezos received $1.6 million as other forms of compensation alongside his base salary in 2019. Therefore, his annual income till date in total is about $1.7 million.
Is the Amazon CEO a trillionair?
No he isn’t, he’s actually a centi-billionaire (net worth is $200 Billion) according to the Forbes wealth index. Since 2017 however, he has been the richest man in the world, occasionally being dethroned by Microsoft founder, Bill Gates and Tesla CEO, Elon Musk.
Highest paid employee at Amazon
Jeff Bezos is the individual with the highest annual salary (as has already been discussed in this article) at Amazon. That being said there are still certain positions within the company that attract a sizable salary; positions like Senior Software Engineer, Corporate Counsel (Part of company’s Legal team), Principal Product Manager and many others.
How much does Jeff Bezos pay his employees?
There is no definite breakdown of the salary structure at Amazon. However, here are a few estimated annual salaries according to CNBC.com and Glassdoor :
Senior Manager, Product Management
Average base salary per year: $151,550
Job description: As reported by Glassdoor, product management leaders who work for Amazon “will be in charge of building the tools and systems to create the best and most intriguing selection to [the company’s] customers across the world.”
Senior Software Engineer
Average base salary per year: $152,400
Job description: As reported by Glassdoor, senior software engineers who work at Amazon “will leverage a vast array of technologies including design and coding activities that are object-oriented, databases, mobile technology, tablets, Kindle devices, video streaming technologies alongside Amazon’s Web Services.”
Senior Solutions Architect
Average base salary per year: $153,500
Job description: As reported by Glassdoor, senior solutions architects who work at Amazon “will provide outstanding technical design and thought leadership while working in collaboration with an elite sales and business development team.”
Corporate Counsel
Average base salary per year: $153,900
Job description: As reported by Glassdoor, Amazon’s corporate counsel “will combine their efforts with the legal team and their business operations clients to attain operational excellence, ensure full compliance with state and federal authorities, consider legal issues of primary importance and see through strategic deals to completion.”
Principal Technical Program Manager
Average base salary per year: $154,343
Job description: As reported by Glassdoor, Amazon’s principal technical program managers “will formalize features and processes, supervise projects from start to finish, team up with the technical department to proffer solutions, and critically evaluate the results.”
Principal Product Manager
Average base salary per year: $154,841
Job description: As reported by Glassdoor, Amazon’s principal product managers provide “organization across internal teams and shareholders to ensure that roadmap features are a priority, and be at the forefront of new innovations through properly crafted business requirement documents.”
Senior Manager, Software Development
Average base salary per year: $159,788
Job description: As reported by Glassdoor, software development managers who work at Amazon will “be tasked with creating products and leading engineering and data science teams that deliver results.”
Net worth of Jeff Bezos in 2022
As of Wednesday, January 20th 2021, His net worth is around $203 billion. Bezos is the richest man in the world and also in recent times, dating as far back as 2017. You might be interested to know about Google CEO Salary .