A Short Biography of King of E-Commerce Preston Jeff Bezos, Founder of Amazon.com
I knew I’d always regret it if I didn’t try, but the alternative was even worse.
Who is Preston Jeff Bezos?
American corporate tycoon, media mogul, and investor Jeffrey Preston Bezos (/Bezos/BAY-zones; née Jorgensen; born January 12, 1964) is a household name. He started what is now. The primary provider of cloud computing services.
At the 2017 LAAFB SMC, Bezos
Born A. Preston Jorgensen, Jeffrey
Age 59 as of January 12 1964
U.S.A. / New Mexico / Albuquerque.
Academic Background Having a Bachelor of Science in Engineering from Princeton
Occupations
Business ownerMedia mogulInvestorComputer scientist
From 1986 till the present
Title
Amazon’s creator and current head of operations
Blue Origin’s Original Founder
Bezos Expeditions’ founder
(m. 1993; div. 2019)
Lauren Sánchez is a partner.
(2019–present)
Children 4
Parents
Jacki Bezos
Jorgensen, Ted
Mark Bezos, the half-brother of Jeff Bezos
king of Online retail in the world. And it served as its president and CEO. As of July 2023, Bezos had a net worth of US $150 billion, making him the third-wealthiest person in the world. From 2017 to 2021, he topped the Bloomberg Billionaires Index and Forbes’ lists of the world’s billionaires.
Bezos attended Princeton University after being born in Albuquerque and growing up in Houston and Miami. From 1986 until early 1994, he was employed by several different Wall Street firms.
In late 1994, while driving from New York City to Seattle, Bezos started Amazon. The company has dramatically broadened its scope from its original function as an online bookstore.
It currently provides many e-commerce. Our diverse offerings ensure you various products and services for your facility, including video and music streaming and the ability to utilize cloud computing.
And AI. Amazon.com, Inc., doing business as Amazon Web Services, is the largest online retailer, Internet firm, and provider of virtual assistance and cloud infrastructure services worldwide.
In 2000, Bezos established Blue Origin, which produces aerospace components and provides suborbital spaceflight services. In 2015, Blue Origin’s New Shepard vehicle travelled into space and safely returned to Earth.
In 2021, he took off aboard Blue Origin’s NS-16. In 2013, for $250 million, he bought the most widely read newspaper in the United States, The Washington Post.
He also owns the venture capital business Bezos Expeditions, which handles numerous additional ventures. Bezos and Yuri Milner, the creator of Mail.ru, established Altos Labs, a biotechnology firm, in September 2021.
As Forbes’ Real-Time Billionaires Index reported, he is the first person to reach $1 billion in wealth and the second person to do it overall (after Bill Gates in 1999). After his net worth hit $150 billion in July 2018, Bezos was dubbed the “richest man in modern history”
As of August 2020, Forbes reported that his worth exceeded $200 billion. During the COVID-19 epidemic in 2020, his wealth increased by almost $24 billion.
Bezos resigned as CEO and president of Amazon on July 5, 2021, and assumed the post of executive chairman. Amazon Web Services CEO Andy Jassy took over for Bezos as Amazon’s new CEO and president.
As of September 2022, the total net worth of the entity was valued at $151 billion. He climbed second on Forbes’ 400 list of the wealthiest Americans
Past life
In New Mexico, on January 12, 1964, Jeffrey Preston Jorgensen was born to parents Jacklyn (née Gise) and Ted Jorgensen. When Jeff was born, his mother and father were still in high school; she was 17, and he was 19, respectively.
Born in Chicago to a family of Baptists, Jorgensen was a Danish-American unicyclist. Jacklyn finished high school under challenging circumstances and went on to college at night, taking her baby with her. As early as the age of two, Jeff enrolled in a Montessori preschool in Albuquerque.
Ted Jorgensen had money problems and was an alcoholic. Jeff was 17 months old when his mother, Jacklyn, filed for divorce from her husband and moved home with her parents in June 1965.
After divorcing his father, his mother remarried a Cuban immigrant named Miguel “Mike” Bezos in April 1968. Mike legally adopted Jeff, then aged four, changing his last name from Jorgensen to Bezos shortly after the wedding.
Gise, her husband, and their son fled the area, and they begged Jorgensen to stop communicating with them.Mike and his family uprooted from Albuquerque to Houston, Texas, so he could begin working as an engineer for Exxon after graduating from the University of New Mexico.
Jeff received his fourth through sixth-grade education in Houston at River Oaks Elementary School. Maternal grandfather Lawrence Preston Gise worked for the (AEC) in Albuquerque and was the subject of a family joke.
While growing up, Jeff spent several summers at his uncle Lawrence’s ranch in the Cotulla area of Texas. Eventually, Jeff would buy this ranch and increase its size from its original 10,117 ha (25,000 acres) to a whopping 300,000 ha (121,406 acres).
Jeff once set off; The individual implemented an electric alarm system to impede their younger siblings’ ingress into their quarters.
He was demonstrating his interest in science and his aptitude for technology. After moving to Florida with his family, Jeff enrolled at Miami Palmetto High School. After school, while still in high school,So, Jeff worked as a cook at McDonald’s, whipping up all sorts of tasty short-order meals.
While at UF, Bezos participated in the Student Science Training Programme. In 1982, he graduated as valedictorian of his high school and received the Silver Knight Award and the National Merit Scholarship. During his commencement address, Bezos expressed his hope for a future where humans colonise other planets.
The local daily reported that his goal was “to get all people off the earth and see it turned into a huge national park.” He attended Princeton University, earning a B.S.E. in electrical engineering and computer science and graduated with honours in 1986.
The Quadrangle Club was one of Princeton’s eleven dining organisations, and Bezos was a member throughout his time there. In addition, he led the Princeton SEDS chapter and was inducted into the prestigious Tau Beta Pi honour society.
Private Matters
While working at D. E. Shaw in Manhattan in 1992, Bezos met MacKenzie Tuttle, a novelist and research associate at the business; the two eventually married the following year.
Bezos established Amazon in 1994 after moving his family from California to Seattle. Three of Bezos and MacKenzie’s sons were born to them, and they adopted a daughter from China.
In March of 2003, while scouting land to buy for Blue Origin, Bezos was a passenger in a helicopter that crashed in West Texas, killing everyone on board except for the pilot, Charles “Cheater” Bella, Amazon lawyer Elizabeth Korrell, and local rancher Ty Holland.
Everyone made it out alive, and Bezos’s injuries were so minimal that he was released from the emergency room the same day.
Bezos attended a San Diego Comic-Con Star Trek Beyond screening as a cast and crew member, playing the role of a Starfleet official in the film. Because of his familiarity with Alexa and professional/personal interest in speech recognition, he lobbied Paramount for the part.
His one and only line was an instruction to an alien in need: “Speak Normally.” Bezos told his technical advisor, Greg Hart, in 2011 that the goal of the project that became Alexa was to create “the Star Trek computer.” Zefram LLC is Bezos’s family business, and it was named after Zefram Cochrane, a fictional character from Star Trek.
Bezos and his wife Mackenzie announced their divorce in a joint statement in January 2019. They had been married for 25 years at the time.
The affair between Bezos and media personality Lauren Sánchez continued for months before it was reported by National Enquirer. Later, on February 7, 2019, Bezos levelled accusations against American Media owner David Pecker in an editorial posted on his website.
Inc., of “extortion and blackmail” in light of the allegations that she threatened to leak private images of Bezos and his new girlfriend, Lauren Sánchez.
If Bezos did not cease his investigation into the leak of his text messages and other photos to the National Enquirer.
The media has pointed the finger at Sanchez’s brother Michael as the person through whom National Enquirer received the images. At the same time, Bezos has suggested that the Saudi government may be to blame.
Bezos kept 75% of the couple’s Amazon shares after their divorce was finalised on April 4, 2019. MacKenzie received the remaining 25% ($35.6 billion) in Amazon stock. However, the couple’s vote rights would remain entirely with Bezos.
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Career
Starting in Your Profession
Bezos was courted by companies including Intel, Bell Labs, and Andersen Consulting after he finished college in 1986. Beginning his career with the telecoms start-up Fitel, he helped establish a system for cross-border business.
Bezos eventually became the company’s product development and customer service director. From 1988 until 1990, he worked as a product manager for Bankers Trust, marking the beginning of his career in banking.
From 1990 until 1994, he worked at D. E. Shaw & Co, focusing on mathematical modelling. Before turning 30, Bezos was already D. E. Shaw’s fourth senior vice president.
Amazon
After learning in the spring of 1994 that internet use was increasing by a whopping 2,300% annually, Bezos decided to launch an online bookstore. After creating its business plan on a cross-country journey from New York City to Seattle, on July 5, 1994, he and his wife MacKenzie Scott quit their positions at D. E. Shaw.
They launched Amazon in a rented garage in Bellevue, Washington. Jeff Bezos leads the organization, while Mackenzie Scott is vital in its day-to-day operations. Examples of tasks that require attention to detail and expertise include signing checks, maintaining bookkeeping records, and negotiating initial freight contracts for the company.
These responsibilities demand meticulousness and an understanding of the company’s financial objectives. Therefore, they must be carried out with the utmost care and precision. The groundwork was set for this garage-run organization to expand tremendously.
Bezos looked into establishing Amazon on an Indian reservation outside San Francisco before settling in Seattle, presumably to avoid paying taxes. Jeff Bezos, the founder of a prominent e-commerce company, initially chose Cadabra as the name of his business.
However, he later decided to change the name. Amazon after the eponymous river in South America. This was done partly because Amazon begins with the letter A, the first letter of the alphabet.
Websites back then organized their listings alphabetically, with those whose names began with “A” showing up first in search results. Because of this, he thought it was appropriate to name his online bookstore “Amazon,” after the world’s longest river. He took an investment of around $300,000 from his parents in Amazon.
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He cautioned several of Amazon’s earliest investors that the company faced a 70% risk of failure or bankruptcy. Bezos always intended for Amazon to sell more than books online, even though that was its first focus.
Bezos started Amazon and then went public with an IPO three years later. Despite negative coverage in Fortune and Barron’s, Bezos remained confident that Amazon.com would eventually succeed online booksellers like Borders and Barnes & Noble.
In 1998, Bezos widened the company’s offerings by branching into online music and video sales. By the end of the year, he had added a wide range of consumer goods. The $54 million raised by the company’s equity offering in 1997 was utilized by Bezos to fund the aggressive purchase of smaller competitors.
With only $350 million in the bank in 2000, Bezos had to borrow $2 billion from financial institutions. In 2002, under Bezos’s leadership, Amazon launched Amazon Web Services, which aggregated information from sources, including television weather reports and website traffic.
Amazon ran into trouble financially in late 2002 due to its excessive expenditure and a lack of revenue growth. When Amazon was on the verge of bankruptcy, he cut costs by eliminating 14 percent of the staff and closing delivery centres. After experiencing financial difficulties, Amazon recovered and posted a $400 million profit in 2003.
A Time feature from 2008 states that Bezos wanted to develop a device that would allow readers to enter a “flow state” when reading, much like the one they get while playing video games. Bezos landed Amazon Web Services a $600 million deal with the CIA in 2013. In October of that year, Amazon was proclaimed the largest online retailer.
A 2010 Bezos Press Release
Bezos raised the most money by selling shares of Amazon in May of 2016 when he sold a little over a million shares for $671 million. Bezos sold another million shares on August 4, 2016, for $756.7 million.
Bezos increased staffing at corporate distribution centres by 130,000 the following year. On January 19, 2018, the value of his Amazon stock portfolio had risen to over $109 billion, and he had begun selling shares to fund other businesses, most notably Blue Origin. He appeared in an Amazon Super Bowl commercial on January 29, 2018.
On February 1, 2018, Amazon announced its most significant quarterly profit: $2 billion. Bezos has frequently discussed taking Amazon overseas, specifically to India, in response to Alibaba’s success in China.
On July 27, 2017, Bezos’ estimated net worth grew slightly over $90 billion, briefly becoming the world’s wealthiest person, surpassing Microsoft co-founder Bill Gates. On November 24, 2017, his fortune crossed $100 billion for the first time. On March 6, 2018, Forbes officially named him the wealthiest person in the world at $112 billion.
On June 14, 2016, Bezos was honoured for his contributions to the success of Amazon with the James Smithson Bicentennial medal.
To localize operations across the company’s supply chain channels, Bezos sent Amit Agarwal, Amazon’s global senior vice president, to India in March 2018 with $5.5 billion. U.S. President Donald Trump made several accusations against Amazon and its CEO, Jeff Bezos, later in the month, including sales tax dodging, postal route misuse, and anti-competitive business practices.
Shares of Amazon dropped by 9 percent after Trump’s criticism, wiping out Bezos’ fortune of $10.7 billion. A few weeks later, however, Bezos made up for his losses when scholarly research from Stanford University suggested that Trump could do little to regulate Amazon.
In July 2018, many members of the United States Congress requested that Bezos provide more information about the uses of Amazon’s Rekognition facial recognition software.
In September of 2018, Senator Bernie Sanders presented the Stop Bad Employers, in which he accused Amazon of getting corporate welfare, adding to the chorus of voices critical of Amazon’s business practices.
This came after it was revealed that one-third of Amazon employees in Arizona and one-tenth of Amazon employees in Pennsylvania and Ohio relied on food stamps, a figure uncovered by the non-profit group New Food Economy.
Sanders commented as he readied to propose the legislation: “Instead of allocating resources towards space exploration, such as missions to Mars or the moon, Jeff Bezos may be more prudent to prioritize providing his employees with a fair and sustainable wage.
Afterward, he stated, “Bezos could play a fundamental influence. He could send a message to all American businesses by declaring today that no Amazon employee will be paid less than a decent wage.
The online retailer responded to Sanders’s campaign by highlighting the 130,000 jobs it created in 2017 and claiming that the $28,446 median pay number was “misleading” because it includes part-time employees.
Sanders rebutted this; it has been reported that companies affected by the proposal have been increasingly resorting to part-time employment as a means of bypassing benefit regulations.
Sanders hailed Bezos’s announcement of a pay rise for all employees on October 2, 2018. To show solidarity with the Fight for $15 movement, the federal minimum wage in the United States was raised to $15 per hour for all workers in 2016.
In February 2021, Bezos announced that effective in the third quarter of that year. He would be stepping down from his position as CEO of Amazon to become its Executive Chairman of the Board.
After Andy Jassy left as CEO, he was replaced. Bezos emailed all Amazon employees on February 2, 2021, saying he was resigning to devote more time to his “other passions,” including the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and others.
This is from Blue Origin
In 2016, Ash Carter, then the Secretary of Defence, met with Bezos at the Pentagon.
Blue Origin, Bezos’s company for launching humans into space, was established in September 2000. Bezos has talked about his desire to explore areas and expand human civilization for quite some time.
In an interview with the Miami Herald after delivering the valedictory address at his high school’s 1982 senior graduation, he discussed his desire to create hotels, amusement parks, and colonies for humans in space.
Bezos, then 18 years old, wanted to protect Earth from resource depletion caused by excessive use. Blue Origin had a quiet profile after its inception until 2006 when it bought a sizable plot of property in West Texas to use as a launch and test facility.
Bezos has expressed an interest in lowering the price of human space flight and enhancing the security of such expeditions since the company’s rise to prominence in the late aughts.
One of the company’s unmanned prototype vehicles went down in September 2011 during a short-hop test flight. The disaster was a disappointment, but the media highlighted the company’s achievements in space travel since its inception. Bezos has been superstitious about rocket launches since the crash. He wears his “lucky” pair of Texas Cowboy boots every time.
Bezos and Richard Branson, chairman of Virgin Galactic, met in May 2013 to discuss possibilities and plans for commercial space travel. He has been likened to the two men since he, like Branson and Musk, is a millionaire with a keen interest in space travel.
In 2015, Bezos claimed that he was developing a new orbital launch vehicle that would make its maiden voyage in the late 2010s. Later in November, Blue Origin’s New Shepard space vehicle was launched into orbit.
The initial test flight of the aircraft was deemed a success, as it achieved an altitude of 329,839 feet, equivalent to 100.5 kilometres. The aircraft then safely returned to Earth through a vertical landing. This accomplishment represents a significant advancement in aviation.
It serves as a testament to the exceptional engineering and design of the aircraft. The successful outcome of this test flight provides valuable data for further testing and development.
It paves the way for future advancements in aerospace technology. In 2016, Bezos welcomed a small group of journalists to his headquarters for a tour and photo op. He has frequently advocated for expanding space-based energy and industrial production to reduce the negative costs of business-related pollution.
Human space flight was initially scheduled to begin in early 2018. Still, it was delayed until the New Shepard successfully carried and landed dummy passengers in December 2017.
Six vehicles were constructed by Blue Origin to carry out this programme, which included test flights without passengers, test flights with passengers, and commercial passenger operations every week. Since 2016, Bezos has been more open about his plans to colonize the solar system, and he has been selling US$1 billion in Amazon stock annually to capitalize on Blue Origin.
In May of this year, Bezos stated that spreading the human race to other planets was Blue Origin’s top priority to protect Earth’s limited natural resources.
He said that suborbital human transportation on the New Shepard craft will commence in November 2018. Bezos’s commercial spaceflights were reported to cost between $200,000 and $300,000 per passenger in July 2018.
Along with his half-brother Mark Bezos, Wally Funk, and Oliver Daemen, he blasted out on the NS-16 mission on July 20, 2021. He took off on the same Virgin Galactic Unity 22 mission as Richard Branson, nine days after Branson’s initial launch. For more than 10 minutes, During his suborbital flight, Mr Bezos attained a maximum altitude of 66.5 miles (107.0 km).
The Washington Post
Bezos became the owner of The Washington Post on August 5, 2013, after a suggestion from his friend Don Graham. His payment for this was worth $250 million in cash. He formed Nash Holdings, a limited liability corporation, to act as a holding company through which he would acquire the newspaper and put the sale into effect.
Nash Holdings assumed leadership after the sale’s completion on October 1. Bezos made his first major move at The Washington Post in March 2014, when he freed subscribers to several U.S. local newspapers from having to pay to access their content online.
Bezos began remaking the newspaper’s digital media, mobile platforms, and analytics tools in January 2016 to reposition it as a media and technology company. Increased online readership in 2016 led to the paper’s first year of profitability since Bezos’s acquisition in 2013.
Expeditions by Bezos
Bezos Expeditions is Bezos’s personal investment entity for venture capital. He became one of the company’s earliest shareholders when he invested $250,000 in Google in 1998.
An investment of $250,000 yielded 3.3 million shares of Google stock, with a 2017 value of around $3.1 billion. He also bankrolled Unity Biotechnology, a company whose mission is to develop anti-aging treatments.
Bezos has invested in companies including Unity Biotechnology, GRAIL, Juno Therapeutics, and Zocdoc, demonstrating his interest in the healthcare industry.
Bezos’s involvement in a new healthcare company that has yet to be revealed was announced in January of this year. The three companies—Amazon, JPMorgan, and Berkshire Hathaway—are widely rumored to be working together on the Haven project.
Bezos also contributes to charitable causes through personal gifts and the initiatives he funds through Bezos Expeditions. The Seattle Museum of History and Industry’s Innovation Centre and the Princeton Neuroscience Institute’s Bezos Centre for Neural Circuit Dynamics are just two of the many philanthropic endeavors that Bezos’s expedition company made possible.
Two Rocketdyne F-1 engines from the first stage of a Saturn V were salvaged from the depths of the Atlantic Ocean in 2013, thanks to funding from Bezos Expeditions. As of July 1969, they had been traced back to the S-1C stage of the Apollo 11 mission. The engines are currently being displayed at the Museum of Flight in Seattle.
Labs Altos
Bezos and Mail.ru creator Yuri Milner established Altos Labs in September 2021. Altos Labs is a well-funded biotech firm focusing on cellular reprogramming to develop longevity therapies.
The company has attracted the likes of Juan Carlos Izpisa Belmonte (renowned for his work on rejuvenation through reprogramming), Steve Horvath (known for his work on epigenetic aging clocks), and Shinya Yamanaka (the originator of cellular reprogramming in mammalian cells and winner of the Nobel Prize in this field).
On January 19, 2022, the corporation emerged from stealth mode. It was officially launched with an initial capitalization of $3 billion and a management team led by Hal Barron.
Influence on the General Public
Bezos was honored in a naturalization ceremony held on June 14, 2016.
Bezos’ public persona and personality have been described as those of “a brilliant but mysterious and coldblooded corporate titan” by New York Times journalist Nellie Bowles.
Bezos gained notoriety in the 1990s for his ruthless pursuit of Amazon’s growth, often at the expense of charitable giving and social programs. Bezos’s obsessive consumer focus has been criticized by journalists like Mark O’Connell and technologists like Tim O’Reilly for having a “very small” impact on humanity.
He made himself and Amazon appear frugal and prudent through his business dealings. While he was already worth $10 billion in 1999, Bezos chose to drive a 1996 Honda Accord. In the first new millennium’s first decade he was often mocked for his apparent nerdiness.
Some people found Bezos’s focus on numbers and analytics to be excessive. Alan Deutschman meticulously outlines the criteria for each decision he makes in order of importance.
Particular depictions of his character have generated heated debate and media interest. Most notably, journalist Brad Stone wrote a book portraying Bezos as a demanding boss and a hyper-competitive individual,
Who may have “bet the biggest on the Internet” of anyone? Bezos has earned a reputation as a reckless business leader who cares little about the consequences of his actions.
Bezos’s public image changed in the early 2010s when he became known for aggressive commercial practices. Bezos began to indulge in a more tailored wardrobe, regular weight training and diet, and carefree spending of his vast fortune.
Many have taken notice of his outward changes and begun to refer to him as a metonym for Amazon. His outward look appearance establishes him as a cultural icon, and he has been lampooned as an industrious supervillain in both bus and entertainment.
On Saturday Night Live, he has been portrayed by Steve Carell and Kyle Mooney as an antagonistic, authoritarian figure since 2017.
The International Trade Union Confederation named Bezos “World’s Worst Boss” in May 2014, with General Secretary Sharan Burrow saying,
That Jeff Bezos serves as an exemplar of how employers can propagate the North American corporate model, albeit in a manner that is perceived as lacking in humanity.
However, in 2019, Harvard Business Review, which had ranked Bezos the best-performing CEO for 4 years since 2014, did not rank him even in the top 100, citing Amazon’s “real.
Bezos, who had a reputation for being frugal, began spending lavishly on personal projects in the late 2010s. Since 2016, people have reacted negatively to his lack of generosity compared to other billionaires. Bezos has a history of openly disputing assertions in negative stories, as seen by a statement he sent to staff in 2015 rebuking a New York Times report.
Manner of Leading
Bezos has used “it is always Day 1” to characterize his growth philosophy.
Bezos employed a “regret-minimization framework” at D. E. Shaw and again in Amazon’s infancy. Using the question,
“Am I going to regret leaving Wall Street when I’m 80?”
He elaborated on this idea.
No. Will I ever get over not being there for the birth of the Internet?
Yes.”At Amazon in the 1990s and early 2000s, he was known for trying to put a number on every facet of business operations, from staffing to executive choices.
Bezos used the slogan “Get Big Fast” to rally Amazon’s employees behind his vision of rapid expansion to the point of market dominance. He advocated reinvesting Amazon’s earnings into the business rather than paying dividends to shareholders.
Bezos prefers “work-life harmony” to the more common “work-life balance” because the latter suggests you have to choose between the two. He thinks the two spheres of his life mutually inform and regulate one another.
Walt Mossberg, a journalist, coined the term “The Bezos Principle” to describe the idea that someone who cannot handle criticism should not try something novel or unusual.
Bezos has a “two pizza rule,” which states that meetings must be kept small enough that everyone present may order and eat two pizzas. He says he asks potential Amazon employees three questions: can he admire them, can they elevate the common norm, and under what circumstances could they become exemplary.
In 2018, it was revealed that he only spent six hours per year in meetings with Amazon investors. Bezos requires his senior staff to convey facts with six-page narratives instead of slides.
Since 1998, Bezos has written an annual letter to Amazon shareholders. He emphasizes the following five principles:
- Prioritize consumers over rivals;
- Be willing to take risks to achieve market leadership;
- Boost employee morale;
- Establish a distinctive business culture, and
- Give employees a significant say in decision-making.
Jeff@amazon.com is Bezos’ personal email address.
Clients can contact him and the business through. Some emails with a question mark in the subject line are forwarded to executives, who subsequently try to resolve the issues raised without receiving a response.
Bezos has said that business figures he admires most include Jeff Immelt of New Enterprise Associates, Warren Buffett of Berkshire Hathaway, Jamie Dimon of JPMorgan Chase, and Bob Iger of The Walt Disney Company.
Wealth
The average annual estimate of Jeff Bezos’s net worth
Year Billions Change Year Billions Change
1999, October 10, 0% Change, Reduced by 17.1% from 2009’s 7.4
The Bloomberg Billionaires Index is a further source.
2000: 6.1 – 40.5 % DropGain of 85.3% in 2010’s 12.6
Drop from 2001’s 4.0 by 66.6%2011: a rise from 18.1 to 26.1 (by 43.7%)
A drop of 25.0% in 2002’s 1.52012 – Increase of 28.2%, to a total of 23.2
Increase of 66.6% in 2003’s 2.52013–28.9 A rise of 24.5
Rise of 104% since 2004’s 5.12014–2015 30.5 5.5% Increase
2005: 4.1 dropped by 19.6%2015 Score 50.3, Up 59.1%
2006: A Rise of 5.1%, to 4.3Reduced by 10.1% in 2016 to 45.
Gain of 102.3% from 2007’s 8.7A 61.6% increase in 2017’s 72.8
8.2 decreased by 5.7% in 20082018, A rise of 53.8% to 112
It is mainly based on information from Forbes’ World’s Billionaires Estimate.
After raising $54 million in Amazon’s IPO in 1997, Bezos finally achieved millionaire status. When Forbes initially compiled its annual list of the world’s billionaires in 1999, his $10.1 billion fortune put him in the 19th and 10th spots globally in the United States.
His wealth dropped to $6.1 billion, a 40.5% decline the following year. His net worth dropped by 66.6% the following year to $2.0 billion. The following year, he lost another $500 million, reducing his wealth to $1.5 billion.
His wealth grew by 66.66 percent to $2.5 billion the next year. His fortune quadrupled between 2005 and 2007, reaching $8.7 billion. The financial crisis and subsequent economic collapse would cut his wealth by $1.77 billion, or 17.7 percent, to $6.8 billion.
2010 his net worth increased by 85.2% to $12.6 billion. With that kind of jump, he went from being ranked number 68 to number 43.
Amazon’s smartphone rumors helped boost Bezos’s fortune to $30.5 billion in 2014. After another year, with a net worth of $50.3 billion, Bezos cracked the top ten.
Hours before the market closed, Bezos won $7 billion, propelling him to the fifth richest person on Earth. His fortune was estimated at $45.2 billion when Forbes compiled its list in March 2016.
His wealth climbed by $16.2 billion in October 2016, making him the third-richest person in the world (unofficially) behind only Warren Buffett and Bill Gates. Due to fluctuations in Amazon’s stock price, Bezos momentarily overtook Microsoft co-founder Bill Gates as the world’s richest man in July 2017.
Forbes’ annual estimate of Jeff Bezos’s net worth from 1999 to 2018, expressed in constant 2018 U.S. dollars. By March of each year, he is worth billions of dollars.
As Amazon’s stock price fluctuated in October 2017, Bezos would intermittently overtake Gates. On November 24, 2017, his wealth crossed $100 billion for the first time due to a 2.5 percent increase in Amazon’s share price.
Bezos’s fortune increased by $27.6 billion between 2016 and 2017, putting him at $72.8 billion as of the 2017 list’s release. The exponential growth of his fortune between 2016 and 2017 prompted numerous estimates of Bezos’s controlled annual income.
The estimated $6.24 billion he made in 5 minutes on October 10, 2017, is slightly less than Kyrgyzstan’s annual gross domestic output.
Bezos’s $112 billion fortune earned him the title “world’s richest person” on March 6, 2018. He surpassed Bill Gates ($90 billion), who had been No. 2, and Warren Buffett ($84 billion), No. 3. He has the distinction of being the world’s first documented hundred-billionaire (without considering inflation).
In 2017–18, his wealth was equivalent to 2.7 million Americans. From January 2017 to January 2018, Bezos’s wealth grew by $33.6 billion. This growth was larger than the GDP growth of more than 96 countries.
Every 60 seconds on March 9, Bezos made $230,000.
If Bezos hadn’t sold any of his shares in the company after its first public offering in 1997, the Motley Fool calculated that his net worth would be $181 billion in 2018. According to Quartz, a $150 billion fortune in July 2018 was enough to buy the whole stock markets of Nigeria, Hungary, Egypt, Luxembourg, and Iran.
Worker protests and strikes were held in Poland, (Germany), and Spain after Quartz’s investigation brought attention to Bezos’s expanding riches at the expense of certain Amazon employees’ lack of remuneration, labor rights, and suitable working conditions.
According to the Bloomberg Billionaires Index, Fortune, MarketWatch, The Wall Street Journal, and Forbes, on July 17, 2018, he was the “wealthiest person in modern history.”
The divorce from MacKenzie Bezos in 2019 cut into Bezos’ fortune. Forbes reports that if Washington state common law had been applied to the couple’s divorce without a prenuptial agreement, Bezos and his ex-wife would have been able to divide their money fairly;
But finally, she got 25% of Bezos’ Amazon shares, which were worth about $36 billion at the time, making her the third-richest woman in the world. Bezos kept his stake in The Washington Post and Blue Origin and the right to vote on his ex-wife’s newly acquired shares.
One of the most expensive real estate transactions in New York City in 2019 was made in June of this year. Jeff Bezos spent US$80 million on three adjacent apartments overlooking Madison Square Park in Manhattan, including a penthouse.
In 1999, Bezos paid $7.65 million for three adjacent apartments at 25 Central Park West in Manhattan; in 2012, he paid $5.3 million for a fourth unit in the same building.
Bezos broke the record for the cost of a Los Angeles area home when he paid David Geffen $165 million to buy the Warner Estate in February 2020. Lachlan Murdoch paid $150,000,000 for the Chartwell Mansion, previously the highest amount ever paid for a private residence.
It was stated that Bezos’s wealth increased by $24 billion during the COVID-19 epidemic due to increased demand from lockdown shoppers on Amazon.
In February of 2022, he bought a $16.13 million apartment in the 24-story boutique building he owned on the top floors of the Flatiron District’s neighborhood, directly across from Madison Square Park.
The superyacht referred to as Y721 is the property of Mr. Bezos and is estimated to have a value of approximately $500 million. Upon its completion, this vessel is anticipated to be the largest yacht in the world.
Criticism
Bezos has a reputation for creating a hostile workplace at Amazon and verbally abusing and demeaning his staff. Bezos reportedly told his staff, I apologize.
Did I make a mistake today?
Are you experiencing difficulties, or do you require further assistance?
Can you please provide me with more information on how I may be of assistance to you?”
according to The Everything Store, a book by journalist Brad Stone. It’s also been said that Bezos encouraged office politics by setting rival teams at Amazon against each other and allegedly withheld city bus passes from Amazon workers to discourage them from taking breaks.
Bezos was constantly accused of having a conflict of interest with The Washington Post during his first few years as owner. The editorial board and Bezos have denied claims that he used unfair means to exert editorial influence over the paper.
Bezos continues to insist that the Post is an independent publication. There has also been talk about how Bezos treats his staff at The Washington Post. Around 400 Washington Post workers protested Bezos’s low pay and perks in an open letter sent in 2018.
Employees were promised “Fair wages; fair benefits for retirement, family leave, and health care letter mentioned “good pay, benefits, and job security” as important factors.
Bezos met MacKenzie Tuttle, a novelist and research associate at D. E. Shaw in New York City in 1992; the two wed the following year. Bezos launched Amazon.com in Seattle, Washington, so the family uprooted and relocated there in 1994. The four children of Bezos and his ex-wife MacKenzie include three sons and a daughter adopted from China.
Bezos and three others, including Amazon attorney Elizabeth Korrell and local rancher Ty Holland, were killed in a helicopter crash in West Texas in March 2003 while conducting a property assessment to purchase Blue Origin.
The chopper’s pilot, Charles “Cheater” Bella. All parties involved made it through unscathed, with Bezos leaving a nearby hospital the following day after suffering only minor injuries.
2016 Bezos took part in the movie Star Trek Beyond as a Starfleet officer. He even attended a movie screening with the entire San Diego Comic-Con cast and crew. Considering his personal and professional interest in voice recognition and the popularity of Alexa, he lobbied Paramount for the part.
In response to an alien’s plight, he said only one thing: “Speak Normally.” In 2011, when Bezos and his technical advisor Greg Hart began discussing the idea that would become Alexa, Bezos described the goal as making “the Star Trek computer.” The Bezos family business, Zefram LLC, takes its name after the Star Trek character Zefram Cochrane.
The divorce of Jeff Bezos and his wife Mackenzie in January 2019 was a surprise. However, it’s crucial to acknowledge that life is dynamic and constantly changing. Confronting these changes with courage entails making tough choices, and we should applaud the bravery required.
Unfortunately, Bezos’ personal life was further complicated by the media’s attention to his relationship with Lauren Sánchez. Although it’s not uncommon for people to have affairs, it’s never easy to have your private life exposed to the world. Despite this, Bezos remained optimistic and confident, even publishing an online essay where he stood up to those trying to blackmail him.
Through it all, Bezos has shown that he is a thoughtful and sincere person committed to doing what is right. We should all learn from his example and strive to be our best selves in adversity.
Media outlets have pointed fingers at Sanchez’s brother Michael as the person through whom National Enquirer received the images in question. At the same time, Bezos has suggested that the Saudi government may be to blame.
After finalizing their divorce on April 4, 2019, Bezos retained 75% of the couple’s Amazon equity while MacKenzie received 25% (or $35.6 billion) of the stock. But the couple’s voting rights would remain entirely with Bezos.
Politics
On June 7, 2016, in Washington, DC, Indian Prime Minister Narendra Modi presented Bezos with the USIBC Global Leadership Award.
British Prime Minister Boris Johnson met with Bezos on September 20, 2021, in New York City, during the United Nations General Assembly.
Bezos reportedly contributed to the election campaigns of Washington State Democrats Patty Murray and Maria Cantwell. In addition, he has backed Internet policy committee members in the United States Senate, including Democratic Senator Patrick Leahy and Republican Spencer Abraham.
In 2012, Jeff and MacKenzie Bezos donated $2.5 million to Washington United for Marriage, an organization advocating for a yes vote on Washington Referendum 74, which affirmed a same-sex marriage statute already approved in the state.
Bezos gave $100,000 to a push in 2010 to repeal Washington state’s “top earners” income tax. He contributed to Amazon’s PAC in 2012, distributing $56,000 to Democrats and $74,500 to Republicans through their political action committee (PAC).
Bezos was invited to join Donald Trump’s Defence Innovation Advisory Board, an advisory board aimed at enhancing Defence Department technology after Trump was elected president in 2016.
On Twitter, Trump has lashed out at Bezos on multiple occasions, accusing him of tax evasion, expanding Amazon’s political influence, and pushing “fake news” to undermine his administration.
The CIA awarded Amazon a $600 million cloud computing deal in 2014. In 2018, the Pentagon awarded Amazon a $10 billion contract for a program called Joint Enterprise Defence Infrastructure (JEDI).
General James Mattis sparked outrage when he accepted Bezos’s offer to tour Amazon’s headquarters and coordinated the visit with the company’s former lobbyist, Sally Donnelly.
After Microsoft was granted the contract in November 2019, Amazon launched a lawsuit claiming prejudice in the bidding process. Because of “evolving requirements, increased cloud conversancy, and industry advancements,” the Pentagon ended its JEDI contract with Microsoft on July 6, 2021.
It has been reported that Amazon has been promoting facial recognition technology to U.S. Immigration and Customs Enforcement (ICE), even though its CEO Jeff Bezos has expressed support for an open borders policy regarding immigration.
Kshama Sawant, an activist and member of the Seattle City Council had nearly $1 million spent against her by a political action committee with ties to Bezos in 2019.
On November 22, 2021, Jeff Bezos donated $100 million to the Obama Foundation to support the expansion of programming for emerging leaders. Additionally, he requested that the plaza outside of the Obama Presidential Centre be named after John Lewis.
Quotes
Having a thought that directly opposes your current thought today is normal and even recommended.
We’ll have to be creative, so we’ll have to try new things. Our starting point will be the interests of our target audience, and we’ll move backward from there to cover topics like politics, business, charity, and sports. Because of this chance for innovation, I feel enthusiastic and upbeat. (About what lies ahead for The Washington Post)
For further detail please visit my website;
