Jeff Bezos capped his Amazon salary at $80,000: 'How could I possibly need more incentive?' | Fortune
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Jeff Bezos capped his Amazon salary at $80,000: 'How could I possibly need more incentive?' | Fortune
"During the early years of the now $2.61 trillion online retailer, Bezos said he asked the board "not to give me any comp," beyond a modest base salary of just $80,000. "I already owned a significant amount of the company, and I just didn't feel good about taking more," Bezos said during a 2024 interview at the New York Times DealBook Summit. "I just felt, 'How could I possibly need more incentive?' I just would have felt icky about it.""
"Despite a major share selloff ahead of his 2025 wedding to Lauren Sánchez Bezos, Jeff Bezos still holds about 900 million shares of Amazon, keeping his overall net worth well above $200 billion. Bezos also owns aerospace company Blue Origin and the Washington Post, and carries a portfolio of significant investments in companies like Uber, Airbnb, and Workday, which also inflate his net worth."
Jeff Bezos accepted a base salary of $80,000 during Amazon's early years and requested no additional compensation from the board. He owned a substantial equity stake and avoided higher pay on principle, citing lack of need for extra incentive. Bezos maintained that $80,000 salary throughout his tenure as CEO, with no bonuses. Large shareholdings — roughly 900 million Amazon shares after a pre-2025 selloff — plus ownership of Blue Origin and the Washington Post and investments in Uber, Airbnb, and Workday, produce a net worth around $266 billion.
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