JEFF BEZOS

JEFF BEZOS

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  • Born: January 12, 1964
  • Nationality: American
  • Known for: Chairman, Founder and CEO of Amazon

Jeff Preston Bezos,

JEFF BEZOS, the world’s largest online retailer is a very well known retail entrepreneur, computer scientist, philanthropist and investor. Amazon the world’s largest Internet sales company on the World Wide Web, began as an internet merchant of books which now has become an online retailer of a wide variety of goods and services including video and audio streaming. He is also the founder of Blue Origin which plans for commercial suborbital human spaceflight

Jeff Bezos became the world’s richest person for a few hours on July 27th 2017, exceeding Bill Gates with a net worth over $90 billion.

Childhood and Early Education:

Jeff Bezos was born in 1964 in in Albuquerque, New Mexico, to Ted and Jacklyn Jorgensen. Since childhood, he showed a lot interest in how things work displaying his technological proficiency and scientific interest. To keep his younger sibling out, he once rigged an electric alarm at a very young age.

He completed his schooling from Miami Palmetto High School, where he took part in  the Student Science Training Program at the University of Florida and received a Silver Knight Award in 1982. Was a National Merit Scholar and high school valedictorian. Graduated with a degree in Bachelor of Science in Computer Science and Electrical Engineering from Princeton University

Business Career

Early Career

Before starting his own business he worked with Wall Street in the computer science field, Fitel, Bankers Trust and D.E. Shaw & Co.

Amazon.com

Amazon.com was founded in 1994 which he initially set up in his garage with a very few employees. On July 1995, he invited 300 friends to beta test the site and then named it “Amazon” because it was a place that was “exotic and different”, just as he had envisioned for his Internet enterprise.

Amazon’s initial success was gigantic in which it sold books across USA and other 45countires in a span of only 30 days, with a sale of over $20,000 in two months. It went public in 1997, and became the e-commerce leader in two years of start-up. Amazon then started selling CD’s in 1998, and later sold toys, clothes and electronics. Amazon’s sales made a huge hike from $510,000 in 1995 to 17 billion in 2011. Amazon also introduced the Kindle, a digital book reader in 2007. Bezos owned 83.9 million shares of Amazon stock, in June 19, 2016.

Blue Origin

Bezos founded Blue Origin in 2000, which is a human spaceflight start-up company. His aim of launching the space company was to enable “anyone to go to space” and pledged increase the safety of spaceflight and to decrease the cost. The vision of Blue Origin is to basically see millions of individuals living and working in space.

The Washington Post

The Washington Post was founded in December 6, 1887 and was purchased by Bezos on August 5, 2013 for $250 million in cash. He made the first remarkable change in the Washington Post in March 2014.

Other Investments

In 1998, Bezos invested $250,000 in Google and was one of its first shareholders.  Unity Biotechnology, Airbnb, Business insider, Uber, etc are some of his other investments.

Richest Person

In July 27, 2017 Bezos overtook Bill Gates, the founder of Microsoft and became the world’s richest man. This happened as a result of a surge in Amazon stock and pushed Bezos’ fortune over $90 billion. Bezos owns 79.9 million shares and his net worth has grown by $70 billion over the past five years and his wealth surge is possibly the largest in history.

 

 

 

CONTENT CREDIT- PRAVSARAN SINGH

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