Jeff Bezos
Founder and CEO, AmazonBirth DetailsJanuary 12, 1964 | Albuquerque, United States
NationalityAmerican
LeagueEntrepreneur
EducationB.S. in electrical engineering and computer science, Princeton University
Net Worth$148.3 billion (as of June 1, 2020)
Jeff Bezos' Assets:
Jeff Bezos' Journey so far ...
Before you go ...
- Amazon
- Blue Origin
- The Washington Post
Jeff Bezos' Journey so far ...
- Even before beginning his journey as an entrepreneur, Jeff Bezos was a successful corporate executive. He was the youngest- ever senior vice-president of the Wall Street investment bank D.E. Shaw & Co. during his tenure
- In the early ‘90s, the World Wide Web or the Internet was in its nascent stage and Bezos was contemplating investment opportunities for the firm. That’s when the possibilities of the technology and its massive growth -- around 2000% annually -- caught his attention
- He left his corporate job in 1994 and moved to Seattle to start his own company
- Initially, an online book store, the company’s primary development process began from the garage of his rented house with five employees
- Amazon.com was finally open for the public in July 1995, and with over 1 million titles claimed itself to be ‘Earth’s Biggest Book Store’
- Bezos had a clearly thought- out service which made navigating through the website really easy. Soon, Amazon allowed customers to post reviews, offered discounts and had a personalised book- recommendation mechanism in place
- Amazon’s popularity was growing fast and by the end of 1996 the company’s sales grew to over $15 million
- Amazon went public in 1997 with shares priced at $18 a piece
- The company diversified its offerings in the summer of 1998 to include CDs followed by the addition of videos later that year
- By the next year, Bezos had started investing in other e-commerce businesses operating in sectors such as pharmaceuticals
- In 2005, Amazon further diversified and now its product line, among others, included clothing items, electronics and hardware goods
- The same year, Amazon Prime -- a membership program through which US customers could avail two-day shipping services for eligible orders -- was also introduced
- Bezos took his company to the next level by introducing their cloud-computing service -- Amazon Web Services (AWS) -- in 2006
- In 2007, the company released an e-book reader called Kindle which soon became one of their best- selling products
- Bezos ventured into the entertainment business with his production house Amazon Studios in 2010
- In 2013, he acquired the publishing company The Washington Post for $250 million
- On July 27, 2017, Jeff Bezos replaced Bill Gates as the richest person in the world. Though his first term in the top spot lasted only for a few hours, he came back strong and within a few months he not only became the richest, his net worth also exceeded the $100 billion mark on November 27, 2017, making him a centibillionaire
- By 2018, Amazon’s annual sales had grown to around $233 billion
- Bezos has invested in several start-ups and successful ventures including Twitter, Airbnb and Uber. His other ambitious projects include the 10,000-year clock planned to be built into the Sierra Diablo mountain range in Texas, the F-1 engine retrieval project, etc.
- Currently, Jeff Bezos owns around 11% stake in Amazon and continues to be the richest person in the world
- Jeff Bezos founded an aerospace company called Blue Origin in 2000 with the aim to promote space travel using reusable launch vehicles
- In a historic suborbital flight on June 20, 2021, the Amazon founder accompanied by a hand-picked group blasted into space aboard his company Blue Origin's New Shepard launch vehicle and returned safely to Earth. The rocket reached an altitude of about 106 kilometres
Before you go ...
- Bezos originally wanted to name his company ‘Cadabra’ -- taken from the word ‘abracadabra’
- He was paid an annual salary of $81,840 in 2019 which is the same he has been drawing for over two decades
- He has played cameo roles in Hollywood movies such as Tooth Fairy and Star Trek Beyond
Last Updated: 22/07/2021
Jeff Bezos News
This Indian magnate made $21 bn in 3 months, more than Musk, Bezos, Gates & BuffettIndian billionaire Gautam Adani, Chairman and founder of the Adani Group made more money than the likes of Tesla's Elon Musk, Amazon Inc’s Jeff Bezos, Bill Gates, and Warren Buffett in the last three months, as per the latest data from the Bloomberg Billionaire’s Index.
Blue Origin makes 4th flight, successfully lands after 10-minute voyageThe New Shepard spacecraft blasted off at 8:59 a.m. CDT (1359 GMT), and the crew capsule separated from the six-story-tall rocket a short time later as it soared to an altitude of 66 miles (106 km).
Bezos poised to clash with Asia’s richest man in cricket auctionWhat’s more, the cricket competition will take place live online over the course of two days, which means proxies for the two men will have to make minute-by-minute bids and counterbids in real-time. Imagine a Sotheby’s-style auction with Bezos and Ambani, worth about $275 billion and $100 billion respectively, bidding for a prize that only one can ultimately possess.
Koons on the Moon -- sculptures to be placed on lunar surfaceThe sculptures will travel on the "Nova-C Lunar Lander," designed by private company Intuitive Machines, and will be placed on the surface of the Moon in the Oceanus Procellarum.
Jeff Carson, country music singer, dies at the age of 58The 58-year-old Country music singer died of a heart attack. He gave up singing to join the police force and took his last breath at a Franklin, Tennessee, hospital.
Jeff Bezos's ex-wife MacKenzie Scott donates $436 mn to Habitat for HumanityScott is among the billionaires who have signed a pledge to give away the majority of their wealth to charity.
Pete Davidson skipping ride to space on Jeff Bezos rocketThe company announced earlier this week that Davidson would be one of six passengers on Blue Origin's next flight. It had been scheduled for next Wednesday, but has now been shifted to March 29 for more testing, the company said.
'Saturday Night Live' star Pete Davidson headed to space on Jeff Bezos' Blue Origin craftThe launch is scheduled for March 23 and Davidson will be the third celebrity on the flight.
Metaverse firm Ikonz bags funding from Gates, Bezos, Zuckerberg-backed Village GlobalIkonz will use the proceeds to ramp up artistic talent from across the globe and hire top tech talent to build out its metaverse and drop NFTs from its various IP partners
SaaS startup Lummo raises $80 million funding from Amazon founder Jeff Bezos, othersThe fundraise will help the company expand its talent base in India where it is looking to more than triple its tech and product workforce, Krishnan Menon, founder and CEO, Lummo said.
Jeff Bezos explains why it's a good idea that Alexa can't read your mind, video features Scarlett JohanssonAlexa is Amazon's virtual assistant technology with responds to a person's voice.
2.9K Dutch residents RSVP on FB to throw bad eggs at Jeff Bezos’s superyacht if it destroys historic bridgeThe revolution against Bezos’s boat is currently online, with a Facebook event page.
Meta stock takes a massive plunge, wipes $230 billion off market value
All in a day: Mark Zuckerberg loses $29 billion, Jeff Bezos set to pocket $20 billionMark Zuckerberg's one-day wealth decline is among the biggest ever and comes after Tesla Inc top boss Elon Musk's $35 billion single-day paper loss in November.
Amazon hikes Prime membership fees in US as wages, costs riseShares rose as much as 17% in extended trade as Amazon also beat profit expectations for the holiday season. If shares increase on Friday by that much, it would be the stock's biggest percentage gain since October 2009 and grow founder Jeff Bezos' wealth by about $20 billion.
This too shall pass! To make way for his megayacht, Jeff Bezos pays Rotterdam authorities to dismantle historic Dutch bridgeThe decision to dismantle the bridge has not gone down well with some in the Netherlands.
CNN's Jeff Zucker resigns for not disclosing relationship with colleagueIn a memo to staff, WarnerMedia Chief Executive Jason Kilar wrote: "I have accepted Jeff Zucker's resignation as Chairman of WarnerMedia News and Sports, and President of CNN Worldwide."
Age Is Just A Number! When The World's Youngest Billionaires Lucked Out Before They Turned 50
Amazon offers financial assistance to Future Retail, warns against selling storesAmazon has offered financial assistance to cash-strapped Future Retail, with which the US-based ecommerce major is embroiled in a legal battle to block a planned Rs 25,000-crore Reliance-Future deal.
Jeff Goldblum sets Milan Fashion Week on fire, walks the ramp in PradaThe men's fashion week was blindsided by Omicron, with many houses pulling out.
World's 10 richest 'doubled wealth' during pandemic
Elon Musk, Jeff Bezos, Mark Zuckerberg and Bill Gates: World's 10 richest men doubled their fortunes during pandemic, says reportOxfam said the billionaires' wealth rose more during the pandemic than it did the previous 14 years.
'Pig' film-maker Michael Sarnoski in talks to direct next 'A Quiet Place' movieSarnoski would also pen the script of 'A Quiet Place Part III', which is being billed as a spin-off that will broaden the post-apocalyptic world introduced in 2018's 'A Quiet Place'.
Jeff Bezos Turns 58: A Look At The Business Tycoon Beyond The Boardroom
Delhi High Court halts Amazon, Future arbitration in blow to US giantDelhi High Court has halted arbitration proceedings between Future Group and Amazon in light of the Competition Commission of India's suspension of a 2019 deal between the two sides.
DisclaimerThe content of this page has been aggregated from multiple websites. Some information can change over the passage of time.
BACK TO TOP