Jeff Bezos, founder of Amazon and one of the richest people worldwide, has received an annual salary of just $81,400 since 1998. Bezos, who has been executive president since 2021, holds 8% of the company, worth $225 billion. Explaining his choice, he stated that his large participation in Amazon renders unnecessary additional incentives. However, the company covered about $1.6 million for its security and business trips over the past year. Bezos has never received equity compensation, unlike CEO Andy Jassi who has a base salary of $6,000.
Analyticalally:
Despite Amazon's explosive development, Jeff Bezos has been following for years a different approach to his earnings, causing sense.
THE Jeff Bezos It is among the richest people in the worldBut the salary received from Amazon is far from what you would expect.
The founder of the e-commerce giant, who since 2021 has handed over CEO's position to Andy Jassi and now is executive president, still holds about 8% of the company, a percentage that translated into property of approximately $225 billion.
Yet his annual salary has remained almost unchanged for decades: only $81,400, the same amount received since 1998, according to Fortune.
He has previously explained why he keeps his salary at such low levels. As he mentioned in a New York Times event, its large participation in the company renders any additional financial incentive unnecessary.
«I already had an important part of the company and I didn't feel good getting more.»He said, adding that he would look like «uncomfortable» request additional rewards.
In fact, according to the American data, which is invoked by the Unilad, this amount is lower than even the average wage of a construction worker. However, there are some asterisks to report.
The privileges behind the salary
In spite of the low - for his - salary data, Amazon covers significant costs related to Amazon insurance and occupational travel.
Just for them, the company spent about $1.6 million in the last year.
As Amazon itself points out, these costs are considered necessary for the protection of himself and also in the interests of the company, especially considering that Jeff Bezos has never received any remuneration in the form of shares.
On the contrary, the current CEO Andy Jassi has a basic salary of about $6.000, with most of his earnings - as well as other executives - coming from shares.
This image is in sharp contrast to its first steps Amazon. In 1994, Bezos founded the company from his home garage in Washington, as a simple online bookstore looking for investors.
To secure funding, he offered 20% of the company for $5 million, holding about 60 meetings, of which 40 resulted in a refusal.
As he has admitted, that period was one of the most difficult of his life. And the questions he then accepted seem almost unthinkable today.
«The first question they asked me was: "What's the Internet?"», had stated.
