Although you may never make it to the billionaire list, you can still grow your wealth by learning from the strategies of some of the wealthiest people in the world, including billionaire Jeff Bezos. Since founding Amazon in 1994, Jeff Bezos has transformed the company into the world’s largest e-commerce retailer and expanded into various fields like cloud computing and entertainment. According to billionaire rankings, Jeff Bezos currently has a fortune of $209 billion, making him the second richest person in the world.
Since stepping down as Amazon’s CEO in July 2021, Jeff Bezos’ wealth has continued to grow rapidly, adding $70 billion in just one year. Here are three habits that have helped him build his massive fortune.
Building a Diversified Investment Portfolio
In addition to dedicating time, money, and knowledge to Amazon, Jeff Bezos has maintained a diversified investment portfolio, disclosed through Bezos Expeditions. He has made dozens of investments in seed capital or venture capital. For new investors, stocks are an easy way to start, but according to Jeff Bezos, selectively investing in companies can lead to more sustainable wealth growth.
Investing in What He Knows
Jeff Bezos’ investment portfolio is heavily focused on tech, from the social platform Nextdoor to the ride-hailing app Uber. He invests in companies he understands and believes in, rather than chasing trends. Similar to Warren Buffet, Jeff Bezos chooses companies with business models that are easy to comprehend and control.
Thinking Like an Entrepreneur
From early 2023 to early 2024, Jeff Bezos increased his net worth by $70 billion, not just through building and selling successful companies but also by generating passive income from smart investments. According to analysis, 65.2% of the wealth of wealthy individuals comes from selling capital assets. Jeff Bezos encourages investing in real estate and creating passive income streams like selling courses or starting side businesses. This diversification of income helps protect against economic downturns while offering more opportunities to grow wealth.
Jeff Bezos serves as a clear example of the importance of investing wisely and understanding where you place your capital, which helps maximize profits and asset growth.
