Jeff Bezos– Net Worth, Money and More
Net worth-$30 billion
Occupation- entrepreneur
Jeff Bezos, the real king of internet world. He is an American investor and a successful entrepreneur. He is currently the founder, chairman and chief executive officer of Amazon.com, an online shopping website for books and electronics item. He is also the owner of ‘The Washington post’ newspaper.
Profile:
Jeff Bezos, initially was been named as Jeffery Preston Jorgensen. He was born on 12th January’1964 in Albuquerque, New Mexico to Jacklyn (mother) and Ted Jorgensen (father). Jeff was a man who was not born with a silver spoon in his mouth; he has struggled a lot to achieve this position. Jeff’s mother was a teenager at the time of his birth and his parents’ marriage lasted a year. Jeff’s mother remarried when he was four to Mike Bezos, who was a Cuban immigrant. When Mike married to Jeff’s mother, they moved to Houston, and Mike became an engineer for Exxon. Jeff’s maternal ancestors were from Texas, he used to spent most of his summer with his grandfather working on various experiments.
From childhood Jeff had a creative mind, he liked to tinker with things and figures out how they worked. He converted his father’s garage to his own laboratory and there he use to perform his science project. Jeff with his family, then moved to Miami, there he attended Miami palmetto senior high school. Later he graduated from Princeton University in 1986 and obtained B.Sc. degree in Electrical and computer science also. During graduating he was elected to honor societies- Phi Beta Kappa and Tau Beta Pi.
In 1993,Jeff married to Mackenzie; she was also a Princeton graduate. They met each other at DE Shaw and soon they fell in love. They have four children. And currently leading there happy life in Seattle.
Career:
After completing his graduation from Princeton University, Jeff was employed at Wall Street in 1989 in the field of computer science, and then he worked on building a network for international trade for a company known as Fitel. Next he worked at banker’s trust and later he was raised to vice president, then he worked for D.E. Shaw &Co. Jeff was having a great future in the Finance sector but latterly he was distracted by the excessive use of internet and hoped for bright career in the web world, therefore he decided to shift to Seattle with his wife to target an untapped potential of internet world by designing a website for online book store.
Jeff initiated his company in his garage with few employees, and stared developing the software, later on they shifted to a two bedroom house equipped with three sun micro stations. After several attempts they finally made the test site and then invited 300 friends for the beta test the site. Hence Jeff launched Amazon.com on 16th July, 1995. Jeff named this site after the name of the American river amazon. The initial success of the company was meteoric. In 30 days, with no press promotion, Amazon had sold books across whole United States in 45 foreign countries, within 2 months sales raised up to $20,000 per week. The business grew faster than Bezos or anyone else could have imagined. When Amazon.com went in public in 1997, then skeptics questioned whether the company could hold its existence when traditional retailers would launch their e-commerce sites. Two years later, the startup was not only at hike but also out spaced competitors and become the e-commerce king. Bezos continued to diversify the stock of the site, later on he added CD’s, videos, electronics, toys, watches and more through major retail partnerships. Hence Amazon’s sales thrived from $510,000 in 1995 to $17 billion in 2013.
In 2007, Amazon.com released a handheld digital book known as Kindle, which allows the users to buy, download, read and store their book selection. In the same year, Jeff also decided to invest in Blue Origin, it was an aerospace company which develop technologies to offer paid space rides to the people. Today Amazon.com is the veteran disruptor in the book, online retail and tablet industries and now he is seeking towards fashion, video and media. With a broad aim in mind, in 2011, Jeff launched another mini tablet computer- Kindle fire, it was launched to compete against apple. With the introduction of this new tablet Amazon captured 95% of the US market of e-books.
Bezos was again in headlines in August’2013, when he decided to purchase ‘The Washington Post’ for $250 million cash, the deal marks to end of four generation reign over The Post Co. by Graham family.
Jeff played an important role in the drastic usage of the internet by people, he transformed the way of reading, shopping, listening of music etc. His creative mindset, methods and belief in his vision made him successful and wealthy. It’s hard to imagine world without Amazon.com.
Wealth:
Jeff likes to invest in the property estate and mansions; Jeff owns one huge apartment and two mansions. His apartment is suited at Manhattan’s central park west; it is liked with three apartments and known as landmark art deco tower. Also Jeff owns two mansions, one is located in Washington and has an area of 29,000 sq. ft. and has separate largest boat/party house of around 200 yards, besides this beautiful mansion he has richest person (Bill gates) as his neighbor. Another mansion is located at Alpine Drive, and it is spread over 12,000 sq. ft. of area.
Jeff owns a 1988 Chevrolet Blazer, which he loves ride in his spare time and likes to drive in a awesome styles.
Awards and Recognitions:
• Jeff was titled as ‘Person of the year’ in 1999, by Time magazines.
• He was also awarded honorary doctorate in science and technology from Carnegie Mellon University in 2008.
• Bezos received Innovation award for Amazon Kindle by The Economist in 2011.
• In 2012, Jeff was named as businessperson of the year by Fortune.
• In 2013, Jeff was ranked as second best CEO in the world after Steve jobs for apple by Harvard Business Review.
Famous quotes by Jeff:
“A company shouldn’t get addicted to being shiny, because shiny doesn’t last.”
“I think frugality drives innovation, just like other constraints do. One of the only ways to get out of a tight box is to invent your way out.”
“If you’re competitor-focused, you have to wait until there is a competitor doing something. Being customer-focused allows you to be more pioneering.”
“I knew that if I failed I wouldn’t regret that, but I knew the one thing I might regret is not trying”
