Who is Richer Amazon CEO Jeff Bezos or Russian President Putin?

Jeff Bezos or Vladimir Putin richer

Vladimir Putin is richer than Jeff Bezos. Vladimir Putin has a net worth of $200 billion, while Jeff Bezos has a net worth of $114 billion.

Vladimir Putin is a former Russian intelligence agent and politician who served as Russia’s president from the year 1999 to 2008 and from 2012 to the present. He was also the country’s prime minister from 1999 to 2008 and again from 2008 to 2012.

Jeff Bezos is an entrepreneur in America, media owner, investor, computer programmer, and commercial astronaut from the United States. He is Amazon’s founder, executive chairman, former president, and CEO. According to Bloomberg’s Billionaires Index and Forbes, Bezos is the world’s second wealthiest person and was the richest from 2017 to 2021.

How Putin Got So Rich

vladimir putin

Vladimir Putin has a net worth of $200 billion. (1) He is a Russian politician who served as an intelligence officer and has served as Russia’s head of state since 2012 and from 2000 to 2008. From 1999 to 2000, and then again from 2008 to 2012, he served as Prime Minister.

Vladimir Putin spent more than a decade as a KGB foreign intelligence officer, rising to the rank of lieutenant colonel before stepping down in the year 1991 to continue and test his luck in politics. He later moved to Moscow to join the administration of President Boris Yeltsin. Before being assigned as the Prime Minister in August 1999, he served as the Director of the Federal Security Service and Secretary of the Security Council. Following Yeltsin’s resignation, Putin took over as acting president and was elected president for the first time less than four months later. In 2004, he was re-elected.

Putin served as the leader again from 2008 to 2012, as he was state constitution limited him to two presidential terms at the time. He was re-elected president in 2012, despite accusations of fraud and protests, and was re-elected in 2018. The referendum was held, and he agreed to sign amendments to the constitution into law in April 2021, including one which would allow him to run for reelection twice more, potentially extending his presidency to 2036.

How Bezos Got So Rich

jeff bezos

Jeff Bezos created Amazon.com in a Seattle garage in 1994, shortly after leaving the hedge fund titan D.E. Shaw. Shaw. Jeff first got the idea of an online bookstore to his former boss, David E. Shaw, who was uninterested. Though Amazon.com began by selling books, it has since become a one-stop shop for everything and is arguably the world’s largest retailer. Amazon’s sequence of continuous diversification is evident in some of its unexpected expansions, such as its 2017 acquisition of Whole Foods and entry into the pharmacy business.

Jeff owned up to 16 percent of Amazon in 2019 before transferring a small percent to ex-wife MacKenzie Scott as part of their settlement. Amazon’s stock price increased by 76% in 2020 due to increased demand for online shopping during the COVID-19 pandemic. Jeff will step down as CEO of Amazon on July 5, 2021, to become executive chair. Bezos took Amazon public in 1997 and ended up going on and became the first man to worth more than $100 billion since Bill Gates in 1999. Now, he has a $144 billion net worth. (2) Bezos’ other projects include the aerospace company Blue Origin, The Washington Post, which he purchased in 2013, and the Long Now, a 10,000-year clock. Bezos, his brother Mark, aerospace pioneer Wally Funk, and Dutch college student Oliver Daemen finished Blue Origin’s first successful crewed flight on July 20, 2021, reaching an altitude of more than 66 miles before safely landing. In the same month, Bezos’ fortune peaked at $211 billion.

References

  1. Vladimir Putin’s Wealth, retrieved from https://thefederal.com/international/vladimir-putins-wealth-1-4bn-mansion-700-cars-58-aircraft-mega-yacht-and-more/
  2. Top10 Richest people in The World, retrieved from https://www.investopedia.com/articles/investing/012715/5-richest-people-world.asp

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