At a cafe sipping on coffee? The fund, which . +3.51% The only U.S. companies more valuable were Apple Inc. Business Insider. The second question was a lot less perplexing. Market Realist is a registered trademark. What would make need loans? Ten of Bezos's businesses are owned by him. Currently, Andy Jassy, formerly the CEO of Amazon Web Services, is the CEO. On July 1, Bloomberg reported that Amazon stock set a record high at $2,878.70 per share. The hope is that attendees will use this insider knowledge as a tool to finding similar successes in their own careers. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. 2019 Proxy Statement filed Thursday with the Securities and Exchange Commission, the e-commerce and cloud giant disclosed that Bezos was paid a base salary of $81,840 in 2019, the same as in 2018 and 2017. Since 1998, Amazon has paid Bezos an annual base salary of just over $80,000. Microsoft CEO Satya Nadella received $2.33 million in base pay in fiscal 2019 and total compensation of $42.91 million, according to the proxy statement filed in October, up from a $1.5 million base and total compensation of $25.84 million in fiscal 2018. Amazon founder Jeff Bezos, on the other hand, had a salary of$81,840 in 2017still modest by CEO standards. After the couple's divorce, Bezos' ex-wife, MacKenzie Scott, is the third-richest woman in the world, after L'Oreal heiress Francoise Bettencourt Meyers, and Walmart heiress Alice Walton. To reach Jeff Bezos by email, write to [emailprotected] If you have any questions, you can contact me at [emailprotected] com. The first thing to know, Bonnie Low-Kramen tells a full conference room, is that you are not secretaries. 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. Personal information Jeff Bezos. The stereotypical, meek, Mad Men style typists are far from the reality of todays assertive, versatile EAs, PAs and Administrative professionals. He is the founder, executive chairman, and former president and CEO of Amazon. And an incredibly lucrative 2020 has kept Bezos firmly on top. If Jeff Bezos has time to read and forward customer messages, you . Brazier says she wants to get assistants to think biggerto become uber-assistants, strategic partners to their CEOs. // ]]> Megan Broussard is a storyteller from New York City. We earn $400,000 and spend beyond our means. Jeff Bezos is well known for his work in e-commerce and as a pioneer in space exploration. When looking at Bezos' spending power compared to a typical American household, the comparison is stark. CEO Melba Duncan, former executive assistant to Lehman Brothers chairman Peter G. Peterson, says she first learns all about the executive in need, and once I understand the personality, the temperament, the behavior and the expectation, I then match that person with our candidate database., Landing a place on that database is no easy task. Bezos earned 58 times that in 2020, with an annual compensation of $1,681,840, the same as the year prior. It all began when she found herself with the job of turning an unprofitable British newsletter called Executive Secretary into an instructional magazine. Last year she spoke at 183 events in 41 countries, charging up to $10,000 a day. Even though most of these emails do not get a response from him directly, he claims to read them all. Amazon stock hits record high on hopes for a coronavirus-related boom, Need more to stream? By the time . Kindle E-Reader. It goes without saying that answering this question has little to do with being an assistant, but Bezos had a plan. Click the AdBlock Plus button on your browser and select Enabled on this site. Executives assistants do a very tough job. Jrg Carstensen/picture alliance via Getty Images, Susan Walsh/AP; Joshua Roberts/Reuters; Axel Schmidt/Getty Images. . Laura Shepard Churchley, daughter of the first American in space, and Michael Strahan, a former NFL star and TV personality, launched into space on Dec. 11. Contribute beyond what is expected, she advises. Here are some of the things she can teach you: You have to know your managers spouses, childrens and pets names, and their birthdays. Cliff Owen SALT LAKE CITY Jeff Bezos is the richest person in the world, even though he makes $81,840 a year, CNN reports. twice as rich as the entire British monarchy. In August 2020, the Amazon CEO briefly became the, Since the beginning of March, when the US saw its. In a historic move, Amazon announced today (Oct. 2) that it willraisethe minimum wage for all of its US workers to $15 an hour, a move that will affect 250,000 full-time employees and 100,000 seasonal workers for the e-commerce giant. As a result of his successful business ventures, he is one of the world's richest people. Fellow Amazonians: I'm excited to announce that this Q3 I'll transition to Executive Chair of the Amazon Board and Andy Jassy will become CEO. But making the virtual assistant sound intelligent proved far more difficult than anyone could have imagined. His base salary in 1998 was also $81,840. 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. It motivated employees who feared for their jobs as well. For example, on March 15, his estimated wealth was $166 billion in the . With his $190 billion, Bezos is so rich that an average American spending $1 is comparable to the Amazon CEO spending $2 million. Assuming a 40-hour work week, Amazons lowest-paid full-time employee in the US will make around $30,000 a year. Their mountains of assets can be used to borrow at very low interest rates, making tax breaks possible. The Amazon CEO's net worth took a hit of more than $10 billion in 2019 and he still didn't lose his spot as the world's richest person. A dispatch from the world of modern work. Are executive assistants respected? Jiloty will also reveal the secrets of her phenomenal career: a path that has taken her from a lowly volunteer for state and local political campaigns to Executive Assistant to New York Senator Hillary Rodham Clinton before landing her current role: overseeing all administrative aspects of Bill Gates professional responsibilities to the Bill & Melinda Gates Foundation and Microsoft. In addition to Amazon, Bezos owns space travel company Blue Origin and media publisher The Washington Post. . Whats your superpower? she asks the 30 women and one man in the room (around 95% of executive assistants are female). Copyright 2023 Market Realist. Bezos makes about $2.2 million in 15 minutes. Most people, however, have . Bezos Amazon stake dropped after he carved out a portion of his stake and transferred it to his ex-wife MacKenzie Scott in a divorce settlement. (Video: Reuters) Jeff Bezos's Blue . This news meant Jeff Bezos is now worth $171. Jeff Bezos purchase a Beverly Hills home in 2021. Amazon . Jeff Bezos buys $500M superyacht amid luxury industry boom The voluptuous Sanchez, a former anchor for Fox News in Los Angeles, was by Bezos' side for the ninth test flight of the "New. Other compensation, including the founders security and business travel expenses, add up to $1.6 million. Shaw, moving to Seattle and founding Amazon in a home garage in 1994. In his final letter to shareholders as CEO, Bezos wrote that, "Two and a half years ago, when we set a $15 minimum wage for our hourly employees, we did so because we wanted to lead on wages not just run with the pack and because we believed it was the right thing to do." Amazon stock struggled in 2021, which impacted the billionaires fortune. But theres no need to worry about how Bezos can pay for his luxurious homes across the country, his private jet and his swanky vacations. 2121 7th Avenue Seattle, Washington, U.S. 47.615868N 122.339850WCoordinates:47.615868N 122.339850W. "with his personal assistants, he reviews all the messages sent to his widely known e-mail address, jeff@amazon.com. To put his wealth in perspective, Bezos recently purchased a $165 million mansion in Beverly Hills. 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. While Bezos has handed over the keys to Andy Jassy, he remains as chairman and CEO. Bezos' net worth was a mere $92.8 billion. She also runs Executive Secretary Live, a touring show of executive assistant gurus that sells out 150-seat halls at $1,600 a person from London to Atlanta to South Africa and beyond. help to challenge his thinking and shadow him at meetings. The key is to remain humble and grounded and realize that you always have something to learn. Even businesses that appear successful on the surface will not endure if they do not create value for those they touch. Gone are the days of simply fetching the coffee and sitting at a typewriter. Bezos doesn't need it - he already owns 16% of Amazon, a stake. Therefore, between the base salary and other compensations, Bezos takes home around $1.7 million annually. Full-time US workers also got an approximate $1,500 boost in 2019 from the year prior after the e-commerce giant raised its US minimum wage at the end of 2018 to $15 an hour. For more than 20 years, John Connors has served as Jeff Bezos' executive assistant. 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. The billionaire has pledged $10 billion toward climate programs under the Bezos Earth Fund. She credits her talent for balancing big hand gestures and a glass of red on her Cajun roots. The debate over CEO pay is not just about begrudging the wealth of the very rich, but about the widening gap between the very rich and the average-earning employees who work for them, a ratio that has exploded in recent decades. Learn more about our use of cookies: Cookie Policy, Behind every great executive is an even greater personal assistant, Time to Give Your Home a Powerful Spring Clean with My Henry, Scotlands Best Solo Travel Destinations this International Womens Day, Ladies of Legacy: Women to Remember and Celebrate this International Womens Day, Need Money Fast? Any employee who is earning more than $100,000 per year is considered exempt.