Bigger picture: Bezos still makes a lot of money. . I empower them to understand that they do know better. she says. 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. Only 7% of his wealth is left to him. 2121 7th Avenue Seattle, Washington, U.S. 47.615868N 122.339850WCoordinates:47.615868N 122.339850W. Contribute beyond what is expected, Ann Hiatt advises. In August 2020, the Amazon CEO briefly became the, Since the beginning of March, when the US saw its. Theyre directly impacting the bottom line, and theyre not asking for things to compensate them for that.. Ten of Bezos's businesses are owned by him. The regulations of FLSA undoubtedly mentioned that any executive assistant who is assisting "a senior executive of a big organization or business owner" is qualified as exempt. calling for increased taxes on the super-rich. Retrieved January 4, 2021. The billionaire purchased the newspaper for $250 million in 2013. He has never taken a stock award. Send an email to [emailprotected] so that Bezos or his Executive Team can assist you. In this Sept. 13, 2018, file photo Jeff Bezos, Amazon founder and CEO, speaks at The Economic Club of Washingtons Milestone Celebration in Washington. The assistant to the president of a private college says she specializes in office secrets and booking travel. In 2011, Jeff Bezos dreamt up a talking device. She details how to overcome adversity and deliver change as she learned to do. By clicking Sign up, you agree to receive marketing emails from Insider Jeff Bezos is the founder and CEO of Amazon. Amazon . Jeff Bezos and crew launch into space on New Shepard. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. 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. However, he also owns 80 million shares of Amazon stock, which accounts for the. 6. 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 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. Send an email to [emailprotected] so that Bezos or his Executive Team can assist you. Last year she spoke at 183 events in 41 countries, charging up to $10,000 a day. Below are steps you can take in order to whitelist Observer.com on your browser: Click the AdBlock button on your browser and select Don't run on pages on this domain. US executive assistants are 93% female, with an average salary of $66,870 in 2021, according to the latest data from the Bureau of Labor Statistics. However, despite Amazon's dominance, you may still be surprised at how much money Bezos makes a day or per second. 0. troy ounces of gold. At birth he was actually named Jeffrey Preston Jorgensen. Describe Jeff Bezos. Often, the changes are enormous. Yes, but: Amazon has paid millions of dollars per year to protect Bezos. Even businesses that appear successful on the surface will not endure if they do not create value for those they touch. He thinks ahead, sweats the details, and makes things fun. They are managers. You can also try reaching out to him via Twitter. From 1998 until 2021, Bezos' base salary of $81,840 has remained the same. When they say, Im a level-four assistant, everybody understands what that means. Brazier, 50, is another self-made expert on executive assistants. twice as rich as the entire British monarchy. The key is to remain humble and grounded and realize that you always have something to learn. 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. Based on his annual income of about $1.7 million, Bezos makes more than $140,000 a month, and $4,700 a day. 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 addition to Amazon, Bezos owns space travel company Blue Origin and media publisher The Washington Post. 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. help to challenge his thinking and shadow him at meetings. Shaw, moving to Seattle and founding Amazon in a home garage in 1994. 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.". 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. Right after Bezos announced his divorce from MacKenzie in January 2019 Visit a quote page and your recently viewed tickers will be displayed here. For example, Amazon pays for its former CEO's security services and business travel expenses. Moodys says these cities may see prices drop up to 10%, Amazon started offering employees a $15 minimum wage last year. Copyright 2023 Market Realist. He continues to rank among the worlds top billionaires even after stepping down as Amazon CEO in 2021. For the past three years, Amazon has spent $1.6 million annually in this category. September 13, 2018 - Bezos announces via Twitter that he and his wife will commit $2 billion to a fund called "Bezos Day One Fund." The fund will support nonprofits that help homeless families. Just in the past 12 months, his net worth increased by $82.6 billion. The court sided with Hewitt in a 6-3 vote. Supporting executives at that level means mirroring them and knowing how to manage them. Bezos and other billionaires who own stocks can turn them into cash without having to sell them. Bonds were last bought in June 2020, when the company borrowed $US10 billion. . (Left to right:) Lucy Brazier, Melba Duncan and Al-Husein Madhany are in the business of educating ambitious executive assistants on how to be better at what they do and encouraging them to seek higher compensation. Life equips you for the challenges you face, it is a journey of self-actualisation and personal growth. Hiatt was very clever and explained to Bezos that she would start her estimation with the population of the city, then figure out how many homes the city has, etc. Net Worth: $32.3 billion (July 2014) Salary: $81,840, making him one of the lowest-paid CEOs in America . Low-Kramen is a regular on Braziers tour. As Bloomberg notes, Bezos net worth is2,687,125times the median US household income and equivalent to 0.85% of US GDP. // ]]> Megan Broussard is a storyteller from New York City. Video, 00:02:17 Jeff Bezos and crew launch into space on New Shepard. "They seem to share a common belief that impossible is just a matter of time," he said. The stereotypical, meek, Mad Men style typists are far from the reality of todays assertive, versatile EAs, PAs and Administrative professionals. 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, Amazon said in an SEC filing on Thursday. Amazon CEO Jeff Bezos thanked his executive assistant John Connors on Wednesday in an Instagram post for his services. 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. I thought, Well, I guess I am. Six months after she told her manager that she hoped to be named chief of staff, she was promoted all the way to vice president of administration and given a 20% salary increase. Copyright 2023 Deseret News Publishing Company. Stay up to date with what you want to know. What is Jeff Bezos personal assistant salary? releases a lot less often than other issuers, but when it does, it releases a lot. ^ Ramey, Joe Palazzolo and Corinne (January 25, 2020). +1.17% Bezos wealth has surged in the past year along with Amazons share price. A smiling admin at a municipal agency says she excels at PowerPoint and public safety. People assume their employer will take care of them, and theyre wrong, Madhany explains. Bezos had been paid the same cash salary for 20 years without ever getting a raise, according to Amazons historical filings. It's exceptionally rare for a candidate to go into a job interview that overprepared, but she was. In fact, his net worth sits at about $82.6 billion. From an awkward, terrified young typist in her 20s to a spit-fire, right-hand woman to President Mandela, she grew to be his loyal and devoted confidante, spending most of her working-life travelling with, caring for eventually calling Khulu, or grandfather the political icon we all knew from speeches on or television sets. 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. However, he also owns 80 million shares of Amazon stock, which accounts for the bulk of his estimated net worth of $165 billion. To see themselves in a different way, as a very powerful and influential set of eyes and ears.. Disgraced lawyer guilty of killing wife . A dispatch from the world of modern work. Bezos just asked Hiatt what her career goals were. At a cafe sipping on coffee? Therefore, between the base salary and other compensations, Bezos takes home around $1.7 million annually. Her speakers have included Reggie Love, a former personal aide to Barack Obama; Zelda La Grange (Nelson Mandela); and Lauren Jiloty (Bill Gates and Hillary Clinton). As EA to three of the worlds most successful giants of technology, Ann Hiatts 10 year career has been on quite a journey; currently Executive Assistant to Eric Schmidt (Executive Chairman) at Google, she is also the former EA to Marissa Mayer (CEO of Yahoo!) AMZN, Almost All Of His Net Worth Comes From Amazon Stock His increase in wealth in 2020 came largely from Amazon stock, which is up from $3,055 this time last year to $3,646 today. 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. Our site uses cookies. Postal Box 7683, Suite 224, Mercer Island, WA 98040 United States of America. While looking at his annual income, you might not truly understand just how massive this amount is. The Amazon headquarters' telephone number is 1-888-280-4331 or 1-206-266-1000 (Jeff Bezos). 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. Hes made that salary for the last 10 years, according to CNN. Here's how she went from one of Amazon's first employees to an award-winning novelist. However, we all know that isn't how much Bezos is truly making. How much money does Jeff Bezos actually have in his bank account? 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. I had to account to my boss and make sure he was comfortable with how I managed his professional world. Bezos doesn't need it - he already owns 16% of Amazon, a stake. The other billionaires in Bezos ranking are Tesla CEO and Dogecoin fan Elon Musk, Bernard Arnault, Bill Gates, and Meta's Mark Zuckerberg. The students who take that course are mostly working assistants looking to up their game. Of this total $81,840 was received as a salary, $0 was received as a bonus, $0 was received in stock options, $0 was awarded as stock and $1,600,000 came from other types of compensation. Amazon's founder and CEO, Jeff Bezos, whose "real-time" worth Forbes magazine estimates at roughly $188 billion, used the contribution to launch his Bezos Earth Fund. Top Stories. The CEO-to-worker pay ratio is 58:1 at Amazon, which is lower than Walmart, CVS, and others. What Jeff Bezos' Smart Take on Personal Branding Can Teach You About the Importance of Thought Leadership . You just dont get told how wonderful and great you are. Hiatt studied up on the Amazon and cited several of the company's goals and initiatives, which aligned with her career goals. He was accompanied by Mark Bezos, his brother, Wally Funk, an 82-year-old. On Monday, the 60-year-old shared dinner with Amazon boss Jeff Bezos and his girlfriend, Lauren Sanchez at exclusive London eaterie The Twenty Two . Bezos received an $81,840 salary and $1.6 million in other compensation from the company last year, according to Business Insider. Like Low-Kramen, she also does two-day training programs, 30 of them a year for groups of an average of 30 assistants at up to $1,000 a head. var sharebutton_is_horizontal = false; document.write('