Jeff Bezos Salary: How much is Amazon owner Jeff Bezos salary?

Jeff Bezos Salary: Amazon founder Jeff Bezos, one of the richest people on earth has admitted that even though he had a lot of money, he was on a salary of only $80,000 (approx Rs 67 lakh) with the company for many years. His basic salary, Bezos said, hasn’t increased since 1998.

Speaking with the New York Times, Bezos stated that he intentionally chose to receive a low salary. I was an early founder of the company,’ he told me. He answered that he has stock in a portion which is large enough that he does not need a high salary.

According to Bezos, he had a lot of company stock, thus he didn’t require a high salary, hence the low salary he drew. So, despite his low salary, he earned millions from Amazon stock. As per a report by Inc.com, he made roughly $8 million an hour only between 2023 and 2024, thanks to the value of his shares.

Jeff Bezos Salary: How much is Amazon owner Jeff Bezos salary?

Having over 10% of shares of the company he claimed to be making a profit by it. What more could I want? Bezos has been selling much of his Amazon stock since he stepped down as the company’s chief executive officer in July 2021.

News has it he will sell 25 million shares from the end of 2025. Nonetheless, Bezos has asked Amazon’s pay committee not to grant him any extra perks. Thus it is that he dislikes taking very much cash. The reason Bezos also faced a smaller tax bill from taking a low salary. He paid no income tax in 2007 and 2011 according to a report.

He evidenced a loss in his investments, as a result he did not pay tax. This is a technique that most of the rich did, Low paid salary, Make money from share. This makes them pay less tax. Some believe that this is how very rich people avoid paying tax, leading to controversy with the tax system.