Jeff Bezos Biography
Born: January 12, 1964
Albuquerque, New Mexico
Founder and CEO, Amazon.com
Jeff Bezos. Reproduced by permission of the Corbis Corporation (Bellevue).
E-commerce is indeed getting a lot of attention and at its center is Jeff Bezos (pronounced bay-zohs), founder, chief executive office (CEO), and head cheerleader for Amazon.com , the Internet bookselling company he founded in 1995. With about $1 million in capital, most borrowed from friends and family, Bezos built a multibillion-dollar empire in about five years and in doing so, revolutionized the way commerce is done on the Internet.
Also Known As: Jeffrey Preston Bezos, Jeffrey Preston Jorgensen
Age: 59 Year Old Males (on 2023)
Family:
Spouse/Ex-: Mackenzie Bezos (M. 1993)
Father: Ted Jorgensen
Mother: Jacklyn Gise Jorgensen
Partner: Lauren Sánchez
Born Country: United States
Height: 5’7″ (170 cm), 5’7″ Males
Ancestry: Danish American
Notable Alumni: Miami Palmetto High School, River Oaks Elementary School
U.S. State: New Mexico
City: Albuquerque, New Mexico
Founder/Co-Founder: Amazon.Com, Inc.
Jeff Bezos Education
Born in Albuquerque and raised in Houston and Miami, Bezos graduated from Princeton University in 1986. He holds a degree in electrical engineering and computer …
Jeff Bezos Early Life and Career
While still in high school, Bezos developed the Dream Institute, a centre that promoted creative thinking in young students. After graduating (1986) summa cum laude from Princeton University with degrees in electrical engineering and computer science, he undertook a series of jobs before joining the New York investment bank D.E. Shaw & Co. in 1990. Soon named senior vice president—the firm’s youngest—Bezos was in charge of examining the investment possibilities of the Internet.
Jeff Bezos Net Worth
In the 1990s, Jeff Bezos began his career in the hedge fund sector. However, he quit his stable employment to launch his own business, which for many years after its establishment, struggled to turn a profit. Jeff Bezos established Amazon and still serves as its CEO. Building a global trading network was one of his duties when he began working at Fitel, a startup firm in the financial telecommunications sector, which he completed in less than a year.
He used his money as an inheritance from his parents to invest around $300,000 in the online retailer Amazon. Even though Amazon began as an e-bookstore, its founder Jeff Bezos always wanted to grow the company. Three years after the business in the marketplace, Bezos brought Amazon public via an IPO.
| Net worth of Jeff Bezos | 152 million dollar (as on 2022) |
Jeff Bezos Major Work
Bezos has played a seminal role in the development and growth of e-commerce. He founded Amazon.com, an online book store, in 1995. The company has ushered revolution in online shopping by introducing innovative features, such as one-click shopping, customer reviews, and e-mail order verification.
In 2004, he founded Blue Origin, an aerospace company that is developing technologies to offer space travel to customers, kept a secret until land was purchased to build a launch and test facility.
Jeff Bezos Awards & Achievements
Bezos was awarded an honorary doctorate in Science and Technology from Carnegie Mellon University in 2008. He was also selected by U.S. News & World Report as one of America’s best leaders.
In 2011, The Economist gave Bezos and Gregg Zehr an Innovation Award for the Amazon Kindle. The following year, he was named Businessperson of The Year by Fortune.
In December 2012, the National Retail Federation named Amazon as the top retailer of the year, and awarded him the Gold Medal Award, given to an individual who has served the industry with distinction.
Person of the Year
By the end of 1999, Amazon.com had become a multibillion-dollar corporation offering 3.5 million titles for sale. It had expanded into a variety of other merchandise, including music and videos, and had set up operations in Europe. Bezos’s personal fortune alone was estimated at $10.5 billion. In the crowning achievement of his career, Time magazine named Bezos its “Person of the Year” for 1999, proclaiming him king of cybercommerce.
With success came adversity. The company became involved in several notable lawsuits filed by Barnes & Noble and Wal-Mart. But none of the problems compared to the biggest challenge of all: making the company profitable. Amazon.com lost money every year, including $1.4 billion in 2000. In 2001, the company laid off thirteen hundred workers and instituted other cost-cutting measures. The belt-tightening worked and Amazon.com posted its first ever net profit of $5.1 million for the fourth quarter of 2001.
Despite his hectic schedule, the head of the world’s largest bookstore still finds time to read. Jeff Bezos buys about ten books a month although he reads only three. His favorites include The Remains of the Day by Kazuo Ishiguro, Dune by Frank Herbert, and Built to Last: Successful Habits of Visionary Companies by James C.
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For Further Information
Books
Saunders, Rebecca. Business the Amazon.com Way. London: Capstone Ltd., 1999.
Sherman, Josepha. Jeff Bezos: King of Amazon. Brookfield, CT: Twenty-First Century Books, 2001.
Spector, Robert. Amazon.com — Get Big Fast: Inside the Revolutionary Business Model That Changed the World. New York: HarperBusiness, 2000.
Periodicals
Appelbaum, Alec. “Amazon’s Juggling Act.” Money (March 1, 2001): p. 35+.
“Bedtime for Bezos? His Company is at a Critical Crossroads, but Jeff Bezos is Sticking to His Plan.” Newsweek (April 9, 2001): p. 36.
Brooker, Katrina. “Beautiful Dreamer.” Fortune (December 18, 2000): p. 234+.
“Cruising Inside Amazon: It’s Like a Three-Ring Circus that Adds More Rings Each Day.” Time (December 27, 1999): p. 68+.
Hargrave, Sean. “Amazon: (Strategic Play).” New Media Age (February 14, 2002): pp. 28-31.
McCarthy, Michael. “Virtual Reality .” ADWEEK Western Advertising News (June 14, 1999): p. 31.
Quittner, Joshua.” An Eye on the Future: Jeff Bezos Merely Wants Amazon, com to be Earth’s Biggest Bookstore.” Time (December 27,1999): 56+.
Web Sites
Amazon.com , Inc. [On-line] http://www.amazon.com/ (accessed on August 15, 2002).
FAQs Related Jeff Bezos Net Worth
How much is Jeff Bezos Net Worth?
Jeff Bezos Net Worth In the year 2022, his net worth is estimated at $152 million.
According to Jeff Bezos Net Worth, how much loss has he suffered this year?
According to Jeff Bezos Net Worth, Jeff Bezos has suffered a loss of $ 44 billion this time from that total in January 2022.
