Jeff Bezos (born January 12, 1964, Albuquerque, New Mexico, United States), aka Jeffrey Preston Bezos, is an American entrepreneur who played a key role in the growth of e-commerce as the establisher and chief executive officer of Amazon.com, Inc., an top Amazon share holder.
Traders and then different types of products. Under his direction, Amazon became the biggest retailer on the World Wide Web and the model for online sales.
Early life and career
While in high school, Bezos developed the Dream Institute, which promoted creative thinking among young students. After graduating summa cum laude (1986) in electrical engineering and computer science from Princeton University, he held several jobs before joining the New York investment bank D.E. In 1990 Shaw & Co. Soon named senior vice president—the youngest at the firm—Bezos was tasked with examining the investment potential of the Internet. Its enormous potential—web usage grew more than 2,000 percent a year—sparked his entrepreneurial imagination. In 1994 he d. Shaw and moved to Seattle, Washington to open a effective bookstore. Working out of his garage with a handful of employees, Bezos began developing software for the site Amazon sold its first book in July 1995, named after a South American river.
|Net Worth:||$116.8 Billion USD|
|Born:||January 12, 1964 (Albuquerque, New Mexico, United States)|
|Height:||1.71 m (5 feet 7.323 inches)|
|Country of Origin:||USA|
|Source of Wealth:||Amazon.com|
|Last Updated:||February 27, 2023|
Amazon: How And When Did It Start?
Amazon quickly became the leader in e-commerce Open 24 hours a day, the site was user-friendly, encouraged browsers to post their own reviews of books, and offered discounts, personalized recommendations, and searches for pre-release books. It began selling CDs in June 1998 and added videos later that year In 1999, Bezos added auctions to the platform and invested in other effective stores. Amazon’s success encouraged major retailers to establish online stores.
As more companies vie for the Internet dollar, Bezos saw the need to diversify, and by 2005 Amazon offered a wide range of products, including consumer electronics, clothing, and hardware. Amazon diversified next in 2006 by introducing Amazon Web Services (AWS), a cloud-computing favor that eventually became the world’s biggest. In late 2007, Amazon released a new handheld reading device called the Kindle, a digital book reader with a wireless Internet connection that enables customers to purchase, download, read, and store multiple books on demand.
Amazon declared in 2010 that sales of Kindle books had surpassed those of hardcover books. That same year, Amazon moved to produce its own television shows and movies with its Amazon Studios division. Amazon’s annual net sales have grown from $510,000 in 1995 to nearly $600 million in 1998, and from $19.1 billion in 2008 to nearly $233 billion in 2018. About one half of the company’s income in 2018 came from AWS. Two years later, Amazon registered record profits, and in the fourth quarter of that year, its revenue exceeded $100 billion for the first time. The unseen numbers were partly due to a surge in home shopping during the COVID-19 pandemic.
In February 2021 Bezos declared that he would be stepping down as Chief Executive Officer after that year. However, he planned to abide at Amazon as executive chairman.
Aside from Amazon, Bezos established a spaceflight company, Blue Origin, in 2000. Blue Origin bought a launch platform in Texas soon thereafter and planned to introduce a crewed suborbital spacecraft, New Shepard, in 2018 and an orbital launch vehicle, New Glenn, in 2020. Bezos obtain The Washington Post and affiliated publications for $250 million in 2013.
Jeff Bezos Net Worth in 2024
Bezos’s Net Worth was calculated in 2018 at $112 billion, making him the richest person in the world and top individual share holders in the world.
With an estimated net worth in 2024 around $168 billion USD, Jeff Bezos is one of the most famous and respected names in the e-commerce world. However, Jeff Bezos net worth is always a lot of grow as the e-commerce site (Amazon.com) and Amazon stock goes up.
Who is Jeff Bezos?
Jeff Bezos is an American entrepreneur who played a key role in the growth of e-commerce as the establisher and CEO of online retailer Amazon.com. As of 2020, his net worth is over $190 billion.
Did Jeff Bezos get rich?
Jeff Bezos was not born into a rich family His parents were 17 and 18 when he was born, and he worked on his parents’ ranch in Cotulla, Texas, early in his life. Jeff Bezos graduated from Princeton University in 1986 with degrees in electrical engineering and computer science.
What was Jeff Bezos first job?
As a teenager, Jeff Bezos got his first job at a McDonald’s restaurant, where he worked as a fry cook. His salary was less than $3 an hour After graduating from Princeton University, he worked at Fitel, an international trade start-up.
How did Jeff Bezos start Amazon?
Jeff Bezos leave his job at an investment bank in 1994 and moved to Seattle, Washington to open a effective bookstore. Working out of his garage with a handful of employees. Bezos began developing software for the site, which he called Amazon.com. It’s first book was sale in 1995.