Featured speakers will include Executive Assistants to Nelson Mandela, Zelda la Grange; Bill Gates, Lauren Jiloty; and Eric Schmidt, Ann Hiatt, highlighting why the PA industry has proven its necessity in booming multinational companies around the globe. 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 this Sept. 13, 2018, file photo Jeff Bezos, Amazon founder and CEO, speaks at The Economic Club of Washingtons Milestone Celebration in Washington. The Amazon headquarters' telephone number is 1-888-280-4331 or 1-206-266-1000 (Jeff Bezos). Amazon went public in May 1997. It all began when she found herself with the job of turning an unprofitable British newsletter called Executive Secretary into an instructional magazine. To read our full stories, please turn off your ad blocker.We'd really appreciate it. Offers may be subject to change without notice. There were 5 billion dollars in actual funds, a fraction of a percent. We just do it, and we do it so well that they're going to ask us to do it again.. Today, Gates remains the world's second-richest person with a net worth of $125 billion. ", Money is an inescapable issue for Low-Kramens students and people like them. Being a gatekeeper to anyone is not easy. The Amazon CEO's net worth ballooned by tens of billions of dollars during the COVID-19 pandemic as the company's shares rallied amid the rise in online shopping. The only U.S. companies more valuable were Apple Inc. For more than 20 years, John Connors has served as Jeff Bezos' executive assistant. Other compensation, including the founders security and business travel expenses, add up to $1.6 million. Sign up for notifications from Insider! At my level, thats a common thread. According to Quartz, he makes the annual salary of a $15-an-hour Amazon employee every 11.5 seconds. . Jeff Bezos is the richest person in the world and runs the third-largest company by market capitalization in America, so theres a good chance he doesnt much care that his low base salary, which is just a little more than double that of Amazon.com Inc.s median U.S. employee, hasnt changed since the company went public. Like most Americans, Bezos' net worth took a dive in 2022 and dropped by $65 billion according to Insider. at $1.35 trillion. Amazon raised its minimum wage in the US to $15 per hour in 2018. Bezos' fortune currently stands at roughly $130 billion. Always have on hand the name of his or her doctor, pharmacy and tax accountant. Number of Investments 34. Describe Jeff Bezos. Copyright 2023 MarketWatch, Inc. All rights reserved. His wife, MacKenzie, was its accountant. The average American man with a bachelor's degree will earn about $2.2 million in his lifetime, according to the Social Security Administration, and the average American woman with a bachelor's degree will earn $1.3 million in her lifetime. If you'd like to contact him, the most direct way is simply to send him an email. Always have a scan and a printout of everything in his or her wallet. Amazon . Based on the median net worth of an average US household, $97,300, an average American spending $1 is roughly equivalent to Bezos spending $1.95 million. Business Insider did the math and Bezos makes approximately $2,537 per second in total. Jeff Bezos Makes More in One Second Than Many People Make in a Week Taking into account his rising net worth over the past few years, Bezos makes about $8.99 billion per month, $2.25 billion. Three years later, he was a billionaire. To see themselves in a different way, as a very powerful and influential set of eyes and ears.. But that's just Bezos' salary. Copyright 2023 by Ictsd. Bezos is entitled to a salary at Amazon. You must keep a list of everyone your manager is willing to interrupt a meeting or a phone call for. However, he also owns 80 million shares of Amazon stock, which accounts for the bulk of his estimated net worth of $165 billion. The median Amazon worker made $29,007 in 2020, according to the company's annual proxy statement. Last year, Bezos took home $81,840, Amazon's . Private assets amount to $15 billion, while public assets amount to $171 billion. 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!) For example, Bezos received $1.6 million last year for security-related services and business travel. By clicking Sign up, you agree to receive marketing emails from Insider Here are some of the things she can teach you: You have to know your managers spouses, childrens and pets names, and their birthdays. If you break it down further, the billionaire makes about $390 an hour, $6.56 a minute, and $0.10 a second. GO TO WWW.bezosfamilyfoundation.org to view the website. Photo: TNS, AP These days, for many households it might be hard to remember a time before Alexa, Amazon's all-knowing voice assistant. Whats our next move? 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. Nobody asks us to do it. His net worth exploded by $75 billion during 2020 as the. Send an email to [emailprotected] so that Bezos or his Executive Team can assist you. The stereotypical, meek, Mad Men style typists are far from the reality of todays assertive, versatile EAs, PAs and Administrative professionals. Blue Origin enabled Bezos to level up with fellow billionaire Richard Branson by reaching space in July 2021. 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. Sign up for notifications from Insider! When he overtook the Microsoft cofounder, Bezos' net worth was a mere $92.8 billion. "with his personal assistants, he reviews all the messages sent to his widely known e-mail address, jeff@amazon.com. He also receives capital gains on Amazon stock sales. In addition to that core income, he's entitled to a range of other perks. Bezos' fortune is greater than those five universities' endowments combined with $39 billion to spare. Jeff Bezos has 15 current jobs including Founder & Chairman of the Board at Amazon, FREE ABORTION RX at GenericViagraKart.com, and Owner at The Washington Post. While Bezos has handed over the keys to Andy Jassy, he remains as chairman and CEO. For Bezos, who handled a wide range of businesses spanning retail, technology, media and space, the tool was extremely effective. Right after Bezos announced his divorce from MacKenzie in January 2019 "Amazon CEO Jeff Bezos and his girlfriend, Lauren Sanchez, have weathered a tabloid scandal, a lawsuit, and maybe even interference from a foreign government. When they say, Im a level-four assistant, everybody understands what that means. Brazier, 50, is another self-made expert on executive assistants. That included $1.6 million in security services for Bezos, in addition to the security arrangements provided at the companys facilities and for business travel. They are career-driven and business savvy with a thirst for success and most importantly recognition. The fund, which . What Jeff Bezos' Smart Take on Personal Branding Can Teach You About the Importance of Thought Leadership . Combining tips of the trade, tech pointers and Tony Robbins-type affirmations, she seeks to boost both the know-how and spirits of her students, who include top-level assistants, administrative staffers for companies and government, and household managers for super-wealthy families whose identities theyve sworn to conceal. In August, the Amazon CEO became the first person in history to be worth $200 billion as Amazon sales surged during the coronavirus pandemic, but his net worth has since dipped back down from that peak. While a much higher salary than most people in. The role of PAs and admin assistants has changed dramatically over the past five years, due to the effects of recession, Brazier says. A smiling admin at a municipal agency says she excels at PowerPoint and public safety. In 2011, Jeff Bezos dreamt up a talking device. What are Jeff Bezos question mark emails? But then, Furlano says, I told him that it put me in the midrange for our industry. . However, he also owns 80 million shares of Amazon stock, which accounts for the. His parents invested $300,000 in Amazon with the money they gave him. Microsoft CEO Satya Nadella received $2.33 million in base pay in fiscal 2019 and total compensation of $42.91 million, according to the proxy statement filed in October, up from a $1.5 million base and total compensation of $25.84 million in fiscal 2018. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. 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. calling for increased taxes on the super-rich. Working for Bezos, though, doesn't come without any downsides. While looking at his annual income, you might not truly understand just how massive this amount is. 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. Jeff Bezos Net Worth, Biography, Age, Wife, Height, Weight, Income and many more details can be checked from this page. Annual SalaryMonthly Pay25th Percentile$34,000$2,833. 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. The second question was a lot less perplexing. At my level, thats a common thread. In her book, Bet on Yourself, she says prioritizing who she worked with helped her. Nobody is going to say you did a great job. Each has shelled out $1,500 for the two days from her own pocket or her companys funds. Shaw & Co. to start Amazon in Seattle. He replied that he wanted me in the top range and provided me with a significant bonus to get me there. Later that year the CEO had to take several months off to deal with a family crisis and had Furlano do his job for him. We earn $400,000 and spend beyond our means. Lucy Brazier feels a four-tier measure of status should be developed, with low-level admins at one and top-tier chiefs of staff at four. 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. The other billionaires in Bezos ranking are Tesla CEO and Dogecoin fan Elon Musk, Bernard Arnault, Bill Gates, and Meta's Mark Zuckerberg. At birth he was actually named Jeffrey Preston Jorgensen. 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. Only 7% of his wealth is left to him. There are six college degrees that left graduates earning a median salary of $40,000 . Bezos earned 58 times that in 2020, with an annual compensation of $1,681,840, the same as the year prior. On Administrative Professionals Day 2019, Jeff said that his executive is the reason behind maintaining his sanity on a day to day basis. Low-Kramen, she says, was a constant lifeline. Shaw, moving to Seattle and founding Amazon in a home garage in 1994. Jrg Carstensen/picture alliance via Getty Images, Susan Walsh/AP; Joshua Roberts/Reuters; Axel Schmidt/Getty Images.