she was an administrative assistant who'd recently graduated from Yale. Find out what youre really worth using tools like Glassdoor. Last year, Bezos took home $81,840, Amazons latest proxy statement revealed. 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. For more than 20 years, John Connors has served as Jeff Bezos' executive assistant. 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.". . 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. In Amazons Here are some of the things she can teach you: You have to know your managers spouses, childrens and pets names, and their birthdays. calling for increased taxes on the super-rich. Copyright 2023 by Ictsd. - Rogers first met Low-Kramen in 2011 for a one-on-one training session, and she returned for a Dallas workshop two years later. Before long she was invited to speak about secretarial work at a conference. 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. Bezos makes about $2.2 million in 15 minutes. . GO TO WWW.bezosfamilyfoundation.org to view the website. He is the founder, executive chairman, and former president and CEO of Amazon. We live in purgatory: My wife has a multimillion-dollar trust fund, but my mother-in-law controls it. Age: 50 (12 January, 1964) Nationality: US. In addition to that core income, he's entitled to a range of other perks. 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. Describe Jeff Bezos. We believe that all company-incurred security costs are reasonable and necessary and for the companys benefit, and that the amount of the reported security expenses for Mr. Bezos is especially reasonable in light of his low salary and the fact that he has never received any stock-based compensation, the company stated in the proxy statement. Assuming a 40-hour work week, Amazons lowest-paid full-time employee in the US will make around $30,000 a year. She credits her talent for balancing big hand gestures and a glass of red on her Cajun roots. For the past three years, Amazon has spent $1.6 million annually in this category. However, two workers at the Bessemer, Alabama warehouse, which voted against forming a union earlier this month, said they didn't want a union because of the good pay and benefits at the company. The billionaire purchased the newspaper for $250 million in 2013. The hope is that attendees will use this insider knowledge as a tool to finding similar successes in their own careers. Every single female executive assistant Ive met is underpaid, says Al-Husein Madhany, 43, a former top assistant to Facebooks then-CIO Tim Campos who now works as an executive assistant search consultant, coach and salary negotiator. In a sense, you already have a personal brand. Offers may be subject to change without notice. Over the past 12 months, Amazons stock has rallied 29.1%, while Apple shares have run up 41.1%, Microsofts stock has hiked up 45.4% and the Dow Jones Industrial Average Each has shelled out $1,500 for the two days from her own pocket or her companys funds. Always have on hand the name of his or her doctor, pharmacy and tax accountant. Access your favorite topics in a personalized feed while you're on the go. The billionaire also sells his Amazon shares from time to time to raise money for other projects. The annual salary of Jeff Bezos from Amazon is $81,840. He also receives capital gains on Amazon stock sales. Last year, sales at AWS grew to $45.4 billion, or 12 percent of the company's revenue and 63 percent of its. If you break it down further, the billionaire makes about $390 an hour, $6.56 a minute . Click the AdBlock Plus button on your browser and select Disable on Observer.com. Updated on: February 1, 2023 by Steve Bennett. Here's How Much Jeff Bezos Makes A Day - BuzzFeed 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. Elon Musk Says He Didn't Heartlessly Fire His Assistant After More Than We may earn a commission from links on this page. The five richest colleges in the US in 2018 based on the size of their endowments were Harvard University, with $38.3 billion, the University of Texas system, with $30.9 billion, and Yale University, with $29.4 billion, Stanford University with $26.5 billion, and Princeton University with $25.9 billion. I empower them to understand that they do know better, says Low-Kramen. MSFT, 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. Bezos deploys some of his wealth to philanthropic efforts and environmental protection initiatives. Even businesses that appear successful on the surface will not endure if they do not create value for those they touch. To put his wealth in perspective, Bezos recently purchased a $165 million mansion in Beverly Hills. In 2020, Jeff Bezos kept his hands off options, bonuses, and stocks. Salary, Income, Net Worth: Jeff Bezos - 2023 - WageIndicator.co.uk Basically, Bezos doesnt need stock-based awards, given that he already owned 55,495,676 Amazon shares as of April 3, or 11.15% of the shares outstanding. Jeff Bezos launches to space aboard New Shepard rocket ship Their latest investment was Angel Round - HempNFibers on Oct 9, 2022, when. The second question was a lot less perplexing. Our site uses cookies. NOW WATCH: MacKenzie Bezos pledged to donate more than half of her life's fortune. As Bloomberg notes, Bezos net worth is2,687,125times the median US household income and equivalent to 0.85% of US GDP. Nobody asks us to do it. DJIA, For more information, email Jeff at amazon.com. Bezos just asked Hiatt what her career goals were. Based on his annual income of about $1.7 million, Bezos makes more than $140,000 a month, and $4,700 a day. 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. Around 51 were in his possession. On July 1, Bloomberg reported that Amazon stock set a record high at $2,878.70 per share. The court sided with Hewitt in a 6-3 vote. Amazon . One insightful session led by Zelda la Grange is sure to inspire. Full name: Jeffrey Preston "Jeff" Bezos. Amazons stock surged more than 4% Thursday, for its third-straight record close, as the company benefited from a surge in e-commerce demand with the COVID-19 pandemic resulting in stay-at-home mandates. Personal Life. What is Jeff Bezos personal assistant salary? It motivated employees who feared for their jobs as well. The latest figure includes the full effect of the $15-per-hour minimum wage that went into effect in November 2018. In fact, the monthly paycheck of the worlds richest person, Amazon CEO Jeff Bezos, is barely bigger than that of a junior engineer at his company. Bezos makes around $8.99 billion a month, which comes to a daily amount of $321 million. With his $190 billion, Bezos is so rich that an average American spending $1 is comparable to the Amazon CEO spending $2 million. 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. Often, the changes are enormous. (Video: Reuters) Jeff Bezos's Blue . Kindle E-Reader. By clicking Sign up, you agree to receive marketing emails from Insider at $1.25 trillion and Microsoft +1.66% Bezos has now challenged other companies to offer a competitive wage, according to, Today I challenge our top retail competitors (you know who you are!) Executive assistants in these areas. Realworld had previously raised $1.1 million, and this new seed round was led by Fitz Gate Ventures, with participation from Bezos Expeditions (Jeff Bezos' personal investment firm), Knightsgate . Amazon CEO Jeff Bezos has made the same salary for - MarketWatch You can follow him on Twitter @TomiKilgore. On Administrative Professionals Day 2019, Jeff said that his executive is the reason behind maintaining his sanity on a day to day basis. 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. Even though most of these emails do not get a response from him directly, he claims to read them all. "with his personal assistants, he reviews all the messages sent to his widely known e-mail address, [email protected]. The Amazon chief executives total compensation last year was $1,681,840. 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. Jeff Bezos Reveals His Daily Decision-Making Goal and 30 Other Crazy But big failures are needed for us to move forward. Here are a Few Tips to Get You Started, 39 Questions to Make Small Talk With Anyone, How Working Remotely Can Increase Happiness. AAPL, The company previously called out other big employers, including Walmart, for not raising its wages to $15. Hiatt studied up on the Amazon and cited several of the company's goals and initiatives, which aligned with her career goals. Bezos is entitled to a salary at Amazon. Based on the year-over-year change in his net. 5 Mind-Blowing Facts About Jeff Bezos' Wealth - yahoo.com The other billionaires in Bezos ranking are Tesla CEO and Dogecoin fan Elon Musk, Bernard Arnault, Bill Gates, and Meta's Mark Zuckerberg. Being a gatekeeper to anyone is not easy. I wanted to do the job better, she says. ", Money is an inescapable issue for Low-Kramens students and people like them. Visit Business Insider's homepage for more stories, a bachelor's degree from Princeton University. Tom Cruise Enjoys Dinner with Jeff Bezos and Lauren Sanchez - Peoplemag In comparison, Apple CEO Tim Cooks base salary in 2019 was $3 million, while his total compensation was $11.56 billion; in 2018, his base was $3 million and total compensation was $15.68 million, according to the proxy statement filed in January. However, he also owns 80 million shares of Amazon stock, which accounts for the bulk of his estimated net worth of $165 billion. Amazon stock struggled in 2021, which impacted the billionaires fortune. In fact, the monthly paycheck of the world's richest person, Amazon CEO Jeff Bezos, is barely bigger than that of a junior engineer at his company. Bezos received an $81,840 salary and $1.6 million in other compensation from the company last year, according to Business Insider. Bloomberg Billionaires Index - Jeff Bezos His base salary in 1998 was also $81,840. Theyre directly impacting the bottom line, and theyre not asking for things to compensate them for that.. There was a 70% probability that Amazon would fall on its face or go bankrupt, he warned early investors. He wanted to see how meticulous his potential assistant could be. Moodys says these cities may see prices drop up to 10%, Amazon started offering employees a $15 minimum wage last year. In other words, he makes more in one week than the median Amazon worker. Duncan likes to think of her students and the assistants she places as executive life managers. Whether they reach the top or not, theyll never have it easy, she admits.