They are managers. (That comes to several hundred thousand dollars altogether.) The Amazon headquarters' telephone number is 1-888-280-4331 or 1-206-266-1000 (Jeff Bezos). Executives assistants do a very tough job. We may earn a commission from links on this page. Ann Hiatt was executive assistant to Jeff Bezos and Marissa Mayer, and chief of staff to Eric Schmidt. The students who take that course are mostly working assistants looking to up their game. He replied that he wanted me in the top range and provided me with a significant bonus to get me there. Later that year the CEO had to take several months off to deal with a family crisis and had Furlano do his job for him. Email from Jeff Bezos to employees. (Video: Reuters) Jeff Bezos's Blue . That included $1.6 million in security services for Bezos, in addition to the security arrangements provided at the companys facilities and for business travel. Alongside Zelda la Grange, Ann Hiatt EA to Eric Schmidt, Executive Chairman, Google, and Lauren Jiloty Senior EA to Bill Gates, will take centre stage at Executive Secretary LIVE. Number of Investments 34. He is the founder, executive chairman, and former president and CEO of Amazon.With a net worth of US$128 billion as of February 2023, Bezos is the third-wealthiest person in the world and was the wealthiest from 2017 to . You dont become the worlds richest person by being a mere salaryman. In fact, his base salary in 1998 was $81,840. You are executive assistants or administrative business partners. . Stay up to date with what you want to know. You must keep a list of everyone your manager is willing to interrupt a meeting or a phone call for. And that, ladies and gentlemen, is how Ann Hiatt become Jeff Bezos' assistant. Private assets amount to $15 billion, while public assets amount to $171 billion. 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. In other words, he makes more in one week than the median Amazon worker. In comparison to Bezos' net worth, it would be the equivalent of someone making $60,000 a year buying a $75 house. Jeff Bezos is the richest person in the world and runs the third-largest company by market capitalization in America, so theres a good chance he doesnt much care that his low base salary, which is just a little more than double that of Amazon.com Inc.s median U.S. employee, hasnt changed since the company went public. In 2011, Jeff Bezos dreamt up a talking device. For the past three years, Amazon has spent $1.6 million annually in this category. Jeff Bezos's net worth of $118B can buy . To attend the event, or to learn more about the program, please visit Executive Secretary LIVE. Bezos earned 58 times that in 2020, with an annual compensation of $1,681,840, the same as the year prior. Amazon stock struggled in 2021, which impacted the billionaires fortune. Right after Bezos announced his divorce from MacKenzie in January 2019 first person in history to be worth $200 billion. Bezos said in the letter the company is aiming to be "Earth's best employer.". Jeffrey Preston "Jeff" Bezos / b e z o s / 1964112 1999 2019 202092 . In fact, Bezos' fortune is comparable to the GDPs of entire countries. Amazon.com Inc. founder and Chief Executive Officer Jeff Bezos received $1.68 million in total pay last year, unchanged from 2012, including $81,840 in salary and $1.6 million to cover security . To reach Jeff Bezos by email, write to [emailprotected] If you have any questions, you can contact me at [emailprotected] com. You have to tell yourself that.. Sign up for notifications from Insider! Jeff Bezos purchase a Beverly Hills home in 2021. Access your favorite topics in a personalized feed while you're on the go. 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. Amazon . 20 July 2021. We just do it, and we do it so well that they're going to ask us to do it again.. Describe Jeff Bezos. On Administrative Professionals Day 2019, Jeff said that his executive is the reason behind maintaining his sanity on a day to day basis. In a sense, you already have a personal brand. Visit Business Insider's homepage for more stories, a bachelor's degree from Princeton University. Featured speakers will include Executive Assistants to Nelson Mandela, Zelda la Grange; Bill Gates, Lauren Jiloty; and Eric Schmidt, Ann Hiatt, highlighting why the PA industry has proven its necessity in booming multinational companies around the globe. That means Bezos salary was just 2.2 times that of the median U.S. full-time employee, while his total compensation was 45.9 times. Jeff Bezos Currently Makes $3,715 Per Second Image by 3D Animation Production Company from Pixabay Taking into account his rising net worth over the past few years, Bezos makes about $8.99 billion per month translating to $2.25 billion per week, or $321 million per day, according to Vizaca.com. Yes, but: Amazon has paid millions of dollars per year to protect Bezos. Break that down on an hourly basis and, assuming he makes money 24 hours a day, he increased his net worth by $19 million an hour in the past year. They are career-driven and business savvy with a thirst for success and most importantly recognition. 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. Assuming a 40-hour work week, Amazons lowest-paid full-time employee in the US will make around $30,000 a year. The fund, which . The second question was a lot less perplexing. Their mountains of assets can be used to borrow at very low interest rates, making tax breaks possible. It all began when she found herself with the job of turning an unprofitable British newsletter called Executive Secretary into an instructional magazine. The CEO-to-worker pay ratio is 58:1 at Amazon, which is lower than Walmart, CVS, and others. 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. Supporting executives at that level means mirroring them and knowing how to manage them. Just in the past 12 months, his net worth increased by $82.6 billion. All rights reserved. Jeff Bezos, the richest person in the world, has made the same $81,840 salary for two decades. It's exceptionally rare for a candidate to go into a job interview that overprepared, but she was. Amazon founder Jeff Bezos, on the other hand, had a salary of$81,840 in 2017still modest by CEO standards. Bezos deploys some of his wealth to philanthropic efforts and environmental protection initiatives. At birth he was actually named Jeffrey Preston Jorgensen. . What is Jeff Bezos personal assistant salary? Around 51 were in his possession. Send an email to [emailprotected] so that Bezos or his Executive Team can assist you. at $1.25 trillion and Microsoft Amazon CEO Jeff Bezos thanked his executive assistant John Connors on Wednesday in an Instagram post for his services. Who is Jeff Bezos EA? Either way, however, you likely won't get a response from Bezos himself. Currently, Andy Jassy, formerly the CEO of Amazon Web Services, is the CEO. 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. Moodys says these cities may see prices drop up to 10%, Amazon started offering employees a $15 minimum wage last year. A wealth tax has been a hot topic during the 2020 presidential race, with Democratic nominee Joe Biden as well as former candidates Bernie Sanders and Elizabeth Warren calling for increased taxes on the super-rich. Learn how you can help create a productive, creative, and compassionate work culture. Shaw & Co. to start Amazon in Seattle. The $1.6 million in "other compensation" includes costs to the. Stay up to date with what you want to know. Jeff Bezos has 15 current jobs including Founder & Chairman of the Board at Amazon, FREE ABORTION RX at GenericViagraKart.com, and Owner at The Washington Post. Each has shelled out $1,500 for the two days from her own pocket or her companys funds. It can be relentless on days, and the demands of such a job aren't for everyone. 0. barrels of crude oil . 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. This news meant Jeff Bezos is now worth $171. 2 min. Copyright 2023 Market Realist. Last year, sales at AWS grew to $45.4 billion, or 12 percent of the company's revenue and 63 percent of its. He has never taken a stock award. However, he also owns 80 million shares of Amazon stock, which accounts for the bulk of his estimated net worth of $165 billion. Jeffrey Preston Bezos is an American entrepreneur, media proprietor, investor, and commercial astronaut. Like Twitters Jack Dorsey, who was also paid a tiny CEO paycheck, Bezos didnt receive any additional bonuses or stock awards. His wife, MacKenzie, was its accountant. In 2015, at Buckingham Palace, she addressed the royal personal assistant staff. Bezos has never taken a stock award, either, since he owns 16 percent of Amazon, which is worth $100 billion on its own, CNN reports. Lucy Brazier feels a four-tier measure of status should be developed, with low-level admins at one and top-tier chiefs of staff at four. He supervised 12 to 14 workers and was paid from $963 to $1,341 . The requests kept coming. $7.2 billion USD in 2021 Jeff 21)Jeff Bezos / Net worth. 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. at $1.35 trillion. One insightful session led by Zelda la Grange is sure to inspire. Top editors give you the stories you want delivered right to your inbox each weekday. If you break it down further, the billionaire makes about $390 an hour, $6.56 a minute . 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. Jeff Bezos opened an online bookstore in his Seattle garage in 1994. . Going for a walk? We are reaching out to Amazon CEO Jeff Bezos. There was a 70% probability that Amazon would fall on its face or go bankrupt, he warned early investors. I empower them to understand that they do know better, says Low-Kramen. Are executive assistants respected? the first Forbes 400 data on American billionaires was published. El. 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. Based on current stock prices, the value of his stockholdings exceeded $133 billion. Most of the world's richest people have lost money during the pandemic, but according to Bloomberg, Bezos' fortune has grown by $74 billion since the beginning of March. Video, 00:02:17 Jeff Bezos and crew launch into space on New Shepard. This dichotomy might explain why Bezos has been long on promises but has delivered only a few dollars. Rogers first met Low-Kramen in 2011 for a one-on-one training session, and she returned for a Dallas workshop two years later. According to Amazon, the security costs are "especially reasonable in light of his low salary and the fact that he has never received any stock-based compensation.". . Though it might be a tall order for Jeff Bezos to give a raise to all of Amazons 575,000 employees worldwide, increasing the hourly minimum for the lowest-paid 350,000 in Amazons home country is a good place for the richest man on the planet to start. He wanted to see how meticulous his potential assistant could be. Getting a raise is another thing Low-Kramen teaches. AAPL, All Rights Reserved. Low-Kramen is holding court during a sold-out day of lectures, lessons and discussions at the Sofitel Hotel in New York Citypart of a two-day workshop she conducts around the country called Be The Ultimate Assistant. 2:17. Of course, he hasalternative sources of income outside of Amazon. The key is to remain humble and grounded and realize that you always have something to learn. The average American man with a bachelor's degree will earn about $2.2 million in his lifetime, according to the Social Security Administration, and the average American woman with a bachelor's degree will earn $1.3 million in her lifetime. While Bezos has handed over the keys to Andy Jassy, he remains as chairman and CEO. The billionaire has pledged $10 billion toward climate programs under the Bezos Earth Fund. How do you know what youre worth? Jeff Bezos on Instagram: "John Connors has been my executive assistant for the last 19 years. You just dont get told how wonderful and great you are. 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. But big failures are needed for us to move forward. Theyre directly impacting the bottom line, and theyre not asking for things to compensate them for that.. Four months into the pandemic last June, Amazon dropped its $2-per-hour hazard-pay bump for 250,000 warehouse workers as the company announced its highest sales growth in three years. As for Amazon's US full-time employees, they saw more of a wage boost in 2020. GO TO WWW.bezosfamilyfoundation.org to view the website. twice as rich as the entire British monarchy. 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. Consumer discretionary services. SALT LAKE CITY Jeff Bezos is the richest person in the world, even though he makes $81,840 a year, CNN reports. Foolproof strategy for stimulating your creativity (and coffee cravings :-)), @UrCoffeeBreak Driving with coffee in the cup holder , Watching documentaries. https://twitter.com/UrCoffeeBreak/status/1623317846511042561. 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. Kindle E-Reader. A dispatch from the world of modern work. Bloomberg reports that MarketWatch reported 7 million shares owned by Amazon as of May 2021. Consumer services are a subsector of the industry. The Amazon CEO's net worth ballooned by tens of billions of dollars during the COVID-19 pandemic as the company's shares rallied amid the rise in online shopping. Bezos was born on January 12, 1964, in Albuquerque, New Mexico. The other billionaires in Bezos ranking are Tesla CEO and Dogecoin fan Elon Musk, Bernard Arnault, Bill Gates, and Meta's Mark Zuckerberg. He now holds the title of executive chair (officially). Amazon said the boost was always temporary. For more information, email Jeff at amazon.com. For comparison, his CFO Brian Olsavsky, sales chief Jeff Blackburn, consumer CEO Jeff Wilke and Amazon Web Services CEO Andrew Jassy all made more than $150,000, plus generous stock awards, last year. Business Insider. 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. Bezos wealth has surged in the past year along with Amazons share price. The second thing: The people you work for are not bosses. If Jeff Bezos has time to read and forward customer messages, you . His net worth exploded by $75 billion during 2020 as the. Describe Jeff Bezos. The stereotypical, meek, Mad Men style typists are far from the reality of today's assertive, versatile EAs, PAs and Administrative professionals. In Amazon's AMZN, +2.99% 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. Amazon went public in May 1997. The median pay, calculated using the compensation of all full- and part-time permanent and temporary employees worldwide except the CEO, was a $159 increase from the year prior. Jeff Bezos Makes More in One Second Than Many People Make in a Week Taking into account his rising net worth over the past few years, Bezos makes about $8.99 billion per month, $2.25 billion. Jeff Bezos has made 34 investments. Bezos' net worth was a mere $92.8 billion. Bezos had been paid the same cash salary for 20 years without ever getting a raise, according to Amazons historical filings. In fact, these assistants are tired of standing in the shadows, coming together now as an industry to shed light on the thankless job no one could work without. Business Insider did the math and Bezos makes approximately $2,537 per second in total. The company. EXECUTIVE & PERSONAL ASSISTANTS ASSOCIATION Non-profit Organizations Dorchester, Dorset 3,497 followers Re professionalising the UK Executive & Business Support profession Net Worth: $123.70 Billion: Name: Jeff Bezos : Salary: $185,000 + Monthly Income: $16000 + Copyright 2023 by Ictsd. That latter figure is more than three times what the median US worker makes in a week. Bezos probably didnt need any stock awards anyway, as he already owned almost 79 million Amazon shares (16 percent of the company) as a founder, worth over $100 billion. . NOW WATCH: MacKenzie Bezos pledged to donate more than half of her life's fortune. The court sided with Hewitt in a 6-3 vote. I could see that assistants werent getting training, and I figured if there was a really cost-effective option it would get into the hands of the people who needed it.. Bigger picture: Bezos still makes a lot of money. They can pay a lower interest rate on their loans by borrowing against their stock holdings than they would normally have to pay through capital gains taxes when they sell their stock. Access your favorite topics in a personalized feed while you're on the go. as well as other partner offers and accept our. In a pair of follow-up tweets Musk further explained that "Mary Beth was an amazing assistant for over 10 yrs, but as company complexity grew, the role required several specialists vs one . The billionaire purchased the newspaper for $250 million in 2013. MSFT, Other speakers at the Executive Secretary LIVE event include Microsofts renowned Office Master instructor Vickie Sokol Evans, Admin professional Lisa Olsen, Management Consultant Richard Arnott, US specialist PA trainer Kemetia Foley, PASFA President Anel Martin and event host and international PA trainer Lucy Brazier. The latest figure includes the full effect of the $15-per-hour minimum wage that went into effect in November 2018. Also in Amazons proxy statement, the company disclosed that the median annual total compensation for its full-time U.S. employees was $36,640 in 2019, up 4.4% from 36,096 in 2018. 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. SERVICES TO CONSUMERS. Presuming his wealth creation continues at a similar pace, Bezos will make the annual salary of one of Amazons newly minted $15/hour employees every 11.5 seconds. On July 1, Bloomberg reported that Amazon stock set a record high at $2,878.70 per share. It's really a good idea to swing hard, even if you fail. For example, Bezos received $1.6 million last year for security-related services and business travel. That means that in just one minute, the Amazon chief makes well over three times what the median US worker makes in a year: about $41,000, according to Bureau of Labor Statistics data. Before long she was invited to speak about secretarial work at a conference. 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. Jeff Bezos and crew launch into space on New Shepard. Most people, however, have . A smiling admin at a municipal agency says she excels at PowerPoint and public safety. For example, Bezos has revealed selling $1 billion in Amazon stock annually to fund Blue Origin, his private company focused on space tourism. Copyright 2012-2019 Your Coffee Break Ltd. Made with love in London. Bezos makes about $2.2 million in 15 minutes. She details how to overcome adversity and deliver change as she learned to do. He did, however, earn $1,600,000 from various compensation types. At my level, thats a common thread. calling for increased taxes on the super-rich. In August, the Amazon CEO became the first person in history to be worth $200 billion as Amazon sales surged during the coronavirus pandemic, but his net worth has since dipped back down from that peak. According to the Bloomberg Billionaires Index, Bezos total net worth of $140 billion as of April 15 made him the worlds richest person, well above Bill Gates, co-founder of Microsoft Corp., in second-place at $103 billion.