Who is Jeff Bezos?
Jeff Bezos is an American Internet entrepreneur, media owner, investor, and the Founder, CEO, and President of Amazon. Jeff Bezos became the richest man globally, and Amazon became the second company in history to reach a market capitalization of $1 trillion.
Jeff Bezos Wiki/Biography
He was born on January 12, 1964, in Albuquerque and raised in Houston and Miami. Jeff Bezos’s age is 57 years as of 2021. He studied electrical engineering and computer science at Princeton University in 1986. Then he worked on Wall Street in a variety of related fields from 1986 to early 1994. In late 1994, he founded Amazon on a cross-country road trip from New York to Seattle.
The company started as an online bookstore and expanded to a variety of e-commerce products and services including video and audio streaming, cloud computing, and AI. Currently, the world’s largest online sales company, the largest Internet company by revenue, and the world’s largest virtual assistant and cloud infrastructure service provider through Amazon Web Services offices.
Jeff Bezos founded Blue Origin, an aerospace manufacturer and semi-orbiting space flight service company in 2000. The Blue Origin test flight reached space for the first time in 2015 and plans to launch a commercial space orbit human space flight soon.
He also bought the Washington Post, a major US newspaper in 2013, for $250 million in cash and managed many other investments through the Bezos Fellowship Venture Capital Company.
Jeff Bezos Height and Weight
- Height in Feet: 5′ 7½”
- Height in Meters: 1.71 m
- Weight in Pounds: 154 lbs
- Weight in Kilogram: 71 kg
Amazon’ CEO Jeff Bezos Family Background
Jacklyn is the mother of Jeff Bezos and married Ted Jorgensen at the age of 16. The marriage lasted only a year. Subsequently, when she was 17, she married Miguel Bezos, a Cuban immigrant. Adopted Jeff after attending Albuquerque University. The family moved to Houston, Texas.
Jeff Bezos‘ biological father is ‘Ted Jorgensen‘. He abandoned his wife and Jeff Bezos when he was three years old. At the time of his marriage to his mother, he performed a circus with a thirteen murder.
Due to his alcohol problems, he could not keep his job for a long time. Their marriage broke down, and Jacklyn asked Jorgensen to keep his son away.
Miguel Bezos, the adoptive father of Jeff Bezos, continued to inspire Jeff. Miguel Bezos married his mother Jacklyn when Jeff was four years old. Miguel was a Cuban immigrant who moved to the United States a few months ago.
Jeff Bezos has a brother named Mark Bezos. Mark Bezos has a completely different perspective on life. Mark Bezos works for Robin Hood. He is also a member of New York City’s Poverty Fighting Charity and the head of a volunteer firefighting company in the suburbs of New York.
Jeff Bezos wife MacKenzie Bezos
McKenzie Bezos is Jeff Bezos’s wife. She is a famous American novelist. Bezos was born in California. Her father was a financial planner, and her mother was a housewife. For her study, she attended Hotchkiss School in Connecticut and graduated from Princeton University.
Mackenzie took a writing lesson by writer Tony Morrison and she mentioned that she was one of the best writers in its class. Jeff Bezos’ wife McKenzie also won the 2006 American Book Award. Some of her famous books are Trap and Luther Albright’s test.
Jeff Bezos divorce
After a marriage of more than 25 years and a divorce of about 6 months, the two are legally divided.
Jeff Bezos girlfriend in 2021
Amazon’s CEO Jeff Bezos made his first public appearance with girlfriend Lauren Sanchez at an event in Mumbai, India on January 16. Wiki bio will keep updating about Jeff Bezos’s girlfriend Lauren Sanchez.
Jeff Bezos’ Children
Amazon’s founder Jeff has 4 children, 3 sons, and the couple has an adopted daughter from China. The eldest son is Preston, born in 2000. Two sons continued, and the daughter became the youngest daughter in China.
Amazon’s CEO Jeff’s Early Career, Graduation, and Jobs
The richest person in the world Jeff Bezos graduated from Princeton University in 1986 and got jobs at Intel, Bell Labs, and Andersen Consulting. He was the first to establish an international trade network at Fitel, a fintech communications startup. Bezos was later promoted to Head of Development and Customer Service.
He switched to the banking industry when he became a product manager at the Bankers Trust. He worked there years from 1988 to 1990. He joined D. E. Shaw & Co, a newly established hedge fund focused on mathematical modeling in 1990, and worked there until 1994.
Jeff Bezos Expedition
Bezos made a private investment through the venture capital vehicle Bezos expedition. He was one of Google’s first shareholders when he invested $250,000 in 1998. This $250,000 investment resulted in 3.3 million Google stocks in 2017, reaching $3.1 billion. It also invested in Unity Biotechnology, a life-extension research company that wants to slow or stop the aging process.
Bezos is involved in the healthcare sector, including investments in Unity Biotechnology, Grail, Juno Therapeutics, and ZocDoc. In January 2018, there was an announcement about the role of Bezos within a new, unnamed healthcare company. It is expected that later this venture called Haven will be a partnership between Amazon, JPMorgan, and Berkshire Hathaway.
Bezos also supports charitable activities through direct donations and non-profit projects sponsored by Bezos Expeditions. Bezos used the Bezos expedition to fund several fraternity projects, including the Innovation Center at the Seattle Museum of History and Industry and the Bezos Center for Neural Circuit Dynamics at the Princeton Neuroscience Institute.
In 2013, the Bezos expedition funded the recovery of two Saturn V Tier 1 Rocketdyne F-1 engines from the Atlantic floor. They have been identified as belonging to the S-1C phase of the Apollo 11 mission since July 1969. The engine is currently on display at the Seattle Flight Museum.
Jeff Bezos’ Success in Amazon
In late 1993, Jeff Bezos decided to establish an online bookstore. He created Amazon in his garage on July 5, 1994, after writing a business plan for a cross-country drive from New York City to Seattle. Bezos initially named his new company, Cadabra, but later renamed it Amazon after the South American Amazon River because the name starts with the letter A, the beginning of the alphabet.
He received about $300,000 from his parents and invested in Amazon. He warned many early investors that Amazon had a 70% chance of bankruptcy. Amazon was originally an online bookstore, but Bezos always planned to expand to other products.
Three years after Jeff Bezos founded Amazon, he made it public through an initial public offering (IPO). In response to important reports from Fortune and Barron’s, Bezos argued that the growth of the Internet would overcome competition with large bookstores such as Borders and Barnes & Noble.
In 1998, Jeff Bezos diversified into online music and video sales and expanded the company’s products to include a variety of other consumer goods by the end of the year. Bezos actively acquired small competitors using the $55 million raised during the 1997 stock offering. In 2000, Jeff Bezos borrowed $2 billion from the bank as its cash balance fell to $350 million.
In 2002, Jeff Bezos led Amazon to launch Amazon Web Services, which collects data from weather channels and website traffic. At the end of 2002, Amazon’s rapid spending caused financial distress when revenues stagnated. After the company was almost bankrupt, he closed the distribution center and fired 14% of Amazon’s workforce. In 2003, Amazon rebounded from financial instability, generating $400 million in revenue. In November 2007, Bezos launched Amazon Kindle.
According to the 2008 Time Profile, Bezos wanted to create a device that allowed “flow states” in reads similar to the experience of video games. In 2013, Bezos signed a $600 million contract with the Central Intelligence Agency (CIA) on behalf of Amazon Web Services. In October of that year, Amazon was recognized as the world’s largest online shopping retailer.
In May 2016, Bezos sold more than a million shares of the company’s shares at $650 million, the largest amount of any of its Amazon shares sold. On August 4, 2016, Bezos sold a million dollars of his stock for $776.7 million. A year later, Bezos hired 130,000 new employees when he started hiring at a company distribution center. By January 19, 2018, his Amazon stock holdings were valued at just over $10 billion.
A few months later he started selling stocks to finance other companies, especially Blue Origin. On January 29, 2018, he appeared in an Amazon Super Bowl ad. On February 1, 2018, Amazon posted a record high of $2 billion in quarterly earnings. As Alibaba grew in China, Jeff Bezos often expressed interest in expanding Amazon to India.
On July 27, 2017, Bezos became the richest person in the world when its net worth increased to over $90 billion through Microsoft co-founder Bill Gates. His wealth exceeded $100 billion for the first time on November 24, 2017, and on March 6, 2018, Forbes officially became the world’s wealthiest man with $110 billion.
In March 2018, Jeff Bezos sent Amit Agarwal, Amazon’s global senior vice president, to India to support $5.5 billion for localization across the company’s supply chain path. Later this month, US President Donald Trump accused Amazon and Bezos of business practices that were not evading sales taxes, misusing mail routes, and not competing.
Amazon’s share price fell 9% in response to negative comments. As a result, Bezos’ personal property fell by $11.4 billion. A few weeks later, Bezos compensated for the loss when Stanford University’s academic report indicated that Trump had little help in regulating Amazon in some meaningful way.
In July 2018, many members of the United States Congress asked Bezos to elaborate on the application of Amazon’s facial recognition software. Also, to reverse the antitrust laws known as the Paramount Decree, the Trump government’s statement was predicted to help Amazon take over the landmark theater chain.
In September 2018, Senator Bernie Sanders continued to criticize Amazon’s business practices, introducing bad employer suspension laws with zero subsidies, and accusing Amazon of receiving corporate well-being. As a result, the announcement by the non-profit organization New Food Economy revealed that one-third of Amazon workers in Arizona and one-tenth of Amazon workers in Pennsylvania and Ohio relied on food stamps.
How does Jeff Bezos pay workers a living instead of exploring Mars or going to the moon as Sanders prepares to introduce the bill? Later, he said: “Bezos can play a profound role. If he says today, anyone who is hired by Amazon will not receive a living wage, and will send a message to every company in the United States.”
Sanders’ effort is 130,000 on Amazon this led to a response that the dog jobs were created. Since 2017 included part-time workers, the average salary was called a “misleading” figure of $28,446. However, Sanders countered that companies targeting his proposals are increasingly focusing on avoiding the obligation to benefit part-time workers.
On October 2, 2018, Jeff Bezos announced a companywide wage increase, and Sanders applauded. U.S. workers receiving minimum wages have raised to $15 an hour. This was interpreted as support for the fight for the $15 workout.
Jeff Bezos’ Success in Blue Origin
In September 2000, Jeff Bezos founded Blue Origin, a human space flight startup. Bezos has long expressed interest in space travel and the development of human life in the solar system. He was a vet when he graduated from high school in 1982. His speech, along with an interview with the Miami Herald, expressed interest in building and developing hotels, amusement parks, and colonies for humans on track.
Bezos said he wants to prevent the abuse of the planet through the exhaustion of resources. After its establishment, Blue Origin maintained a low profile until 2006, when it purchased large-scale land in West Texas for launch and test facilities. After the company attracted public attention in the late 2000s, Bezos expressed interest in increasing the safety of extraterrestrial travel while reducing the cost of human space travel.
In September 2011, one of the company’s unmanned prototype vehicles crashed during a short-hop test flight. The crash was considered frustrating, but a news outlet mentioned how far the company was from its founding in space flight. In May 2013, Bezos met with Virgin Galactic President Richard Branson to discuss space flight opportunities and strategies.
He was compared to Branson and Elon Musk. All three are billionaires who prioritize space flight among business concerns. In 2015, Bezos announced that a new orbital launch vehicle is under development and will make its first flight in late 2010.
After November, Blue Origin’s New Shepard space vehicle successfully launched a rocket into space, reaching a planned test altitude of 30.583 feet (100.5 km) before making a vertical landing at the West Texas beach. In 2016, Bezos allowed some reporters to visit their facilities, look around and take pictures.
He repeatedly demanded an increase in space energy and industrial manufacturing to reduce the negative costs associated with business-related pollution. In December 2017, New Shepard successfully flew and landed dummy passengers, revising and promoting the start date of human space travel at the end of 2018.
To implement this program, Blue Origin has built six vehicles to support test and operation at all stages of test flights without passengers, flights boarded by test passengers, and weekly flights operated by commercial passengers. Since 2016, Bezos has spoken more freely about the hope of colonizing the solar system, and he sells $1 billion of Amazon stock annually to capitalize on the Blue Origin to support this effort.
In May 2018, Bezos revealed that Blue Origin’s primary goal is to conserve human Earth’s natural resources by making humans multi-planetary. He announced that New Shepard will begin transporting humans into space under orbit by November 2018. In July 2018, Bezos announced commercial space flight ticket prices from $200,000 to $300,000 per person.
Jeff Bezos’ Success in Washington Post
On August 5, 2013, Bezos announced that it would buy the Washington Post with $250 million in cash. For the sale, he founded Nash Holdings, a limited liability company that owns paper legally. Sales ended on October 1, 2013, and were controlled by Nash Holdings. In March 2014, Bezos made its first significant change in the Washington Post and posted an online paywall for several US newspaper subscribers in Texas, Hawaii, and Minnesota.
In January 2016, Bezos began reconstructing digital media, mobile platforms, and analytics software to reinvent newspapers as media and technology companies. Bezos was accused of having a potential conflict of interest with this paper during the initial ownership period.
Bezos and the editorial board of the newspaper rejected accusations of unfairly controlling the content of his thesis, and Bezos maintained the independence of the newspaper.
After a surge in the number of online readers in 2016, the report was the first to be profitable since Bezos purchased it in 2013.
How Jeff Bezos’ journey rise to The Richest Man in the World?
Jeff Bezos became the first millionaire in 1997 after raising $55 million through Amazon’s initial public offering (IPO). He was first listed on Forbes World’s billionaire list in 1999, with a net worth of $11 billion. His net worth decreased by 40.5 percent to $6 billion annually. His property plummeted to $2 billion the following year, down 66.6 percent. He lost $500 million the following year, and his net worth fell to $1.5 billion.
The following year, his net worth was $2.5 billion, an increase of 104%. From 2005 to 2007, he quadrupled his net worth to $7.8 billion. After the financial crisis and the recession, his net worth fell 17.7 percent to $6.8 billion. His wealth increased by 85.2% in 2010 to $12.4 billion. This rate increase climbed from 68 to 43. After rumors that Amazon was developing a smartphone, Jeff Bezos’ net worth rose to $30.5 billion in 2014.
A year later, Jeff Bezos entered the top 10 when net assets increased to $51 billion in total. Jeff Bezos became the fifth richest person in the world to close the market. Jeff Bezos made 7 billion dollars an hour. In March 2016, when the Forbes list was calculated, his net worth was $45 billion.
However, just a few months later, in October 2016, his wealth officially ranked Warren Buffett as the third richest person in the world. After Amazon’s stock price sporadically increased in July 2017, he briefly destroyed Microsoft co-founder Bill Gates as the richest person in the world.
From 1999 to 2018, estimated by Forbes magazine, Jeff Bezos’ net worth is nominally in US dollars. His net worth is calculated in billions of dollars each year until March. After Amazon’s stock price fluctuates, Bezos will continue to surpass the gate for October 2017. After Amazon’s share price rose more than 2.5%, his net worth exceeded $100 billion for the first time on November 24, 2017.
When the list was released in 2017, Bezos’ net assets were registered at $78 billion, an additional $22.7 billion over the previous year. Bezos officially ranked 5th in 2016 and 3rd in the world. The rapid growth of his wealth from 2016 to 2017 sparked a variety of assessments of how much Bezos made on a controlled and reduced time scale. On October 10, 2017, he estimated $62 billion in five minutes, slightly less than Kyrgyzstan’s annual gross domestic product (GDP).
On March 6, 2018, Bezos was officially designated as the world’s wealthiest person with a net registered net worth of $110 billion. He was in third place after Bill Gates ($9 billion), who was $6 billion ahead of Warren Buffett ($8.4 billion). He is considered the first registered billionaire (not adjusted for inflation). His wealth was equivalent to 2.7 million Americans in the 2017-18 school year.
Bezos’ net assets increased by $33.7 billion from January 2017 to January 2018, an increase that surpassed economic growth (based on GDP) in over 96 countries worldwide. On March 9, Bezos earned $230,000 every 60 seconds. Motley Fool estimated that if Bezos did not sell his shares in the original public offering in 1997, his net worth would reach $180 billion in 2018.
According to Quartz, his $150 billion worth of assets in July 2018 was enough to purchase the entire stock market in Nigeria, Hungary, Egypt, Luxembourg, and Iran. According to Quartz’s report, Amazon workers in Poland (Germany) and Spain participated in protests and labor strikes, increasing their wealth and paying attention to some Amazon workers’ compensation, labor rights, and satisfactory working conditions.
On July 17, 2018, he was named “The Richest Man in Modern History” by the Bloomberg Billionaires Index, Fortune, MarketWatch, Wall Street Journal, and Forbes.
In 2019, Bezos’ wealth was reduced by divorce from his wife, McKenzie Bezos, According to Forbes, if the customary law of Washington was applied to divorce without a prenuptial agreement, Bezos’ wealth could have been divided equally by his ex-wife, but eventually, she received 25% of Bezos‘ Amazon stock.
For about $36 billion, it became the third richest woman in the world. Bezos retained an interest in the Washington Post and Blue Origins and voted on shares received by his ex-wife.
In June 2019, Bezos became one of New York City’s most expensive properties 2019, buying three adjoining apartments overlooking Madison Square Park in Manhattan, including a penthouse, for a total of $80 million.
In February 2020, Bezos bought Warner Estate for $140 million from David Geffen. Lachlan Murdoch paid a high price of $150 million previously recorded. During the COVID-19 pandemic, Bezos’ property was reported to have increased by $24 billion, citing a surge in home demand for Amazon’s lock shopping.
Jeff Bezos Net Worth
In October 2016, his wealth rose to $66.6 billion, from $16.4 billion unofficially ranked third in the world behind Warren Buffett.
On March 6, 2018, Bezos was officially designated as the world’s richest man with a total net worth of $110 billion. He chased Billantz ($9 billion) and ranked third, $6 billion ahead of Warren Buffett ($8 billion).
On July 17, 2018, he was named “The Richest Man in Modern History” by the Bloomberg Billionaires Index, Fortune, MarketWatch, Wall Street Journal, and Forbes.
Jeff Bezos Net Worth 2020
Amazon CEO’s fortune expanded after the company’s stock reached a new high of $2,878.70 on Wednesday. According to Bloomberg, this surge has increased Bezos’ net worth to $170 billion. Bloomberg noted that the world’s richest man Bezos added $567 billion to property in 2020.
Net Worth as of December 2020:
Jeff Bezos’s net worth is $186.7B as of 20 December 2020.
Jeff Bezos Cars:
- 1996 Honda Accord
- 1988 Chevy Blazer
- Dassault Falcon 900 EX
Jeff Bezos Properties/houses
- Three connected apartments located in the century known as the landmark Art Deco Tower in Manhattan Central Park West
Jeff Bezos House in Manhattan
- 12,000 square foot Beverly Hills Mansion
Jeff Bezos Beverly Hills Mansion
- Lake Washington’s 29,000-square-foot Medina Mansion
Jeff Bezos Talking about Amazon, Blue Origin, Family, And Wealth
Jeff Bezos Recognition and awards
- In 1999, Bezos won the first major award, as Time nominated him for the year.
- In 2008, he was named one of the best leaders in the United States by the U.S. News & World Report.
- Bezos received an honorary doctorate in science and technology from Carnegie Mellon University in 2008.
- In 2011, The Economist awarded Bezos and Gregg Zehr an Amazon Kindle Innovation Award.
- In 2012, Bezos was named a businessman of the year by Fortune.
- Also a member of the Bilderberg Group, Moritz attended the Bilderberg Conference in 2011 and attended the 2013 conference in Watford, Hertfordshire, UK. He was a member of the Executive Committee of the Management Board in 2011 and 2012.
- In 2014, he was named the best CEO in the world by Harvard Business Review.
- He was also on the 2015 list of Fortune magazine’s top 50 leaders for the third consecutive year.
- In September 2016, Bezos received $250,000 for the Heinline Award for advancing space commercialization and donated it to students for space exploration and development.
- In February 2018, Bezos was elected to the National Academy of Engineering for leadership and innovation in “Exploration of Space, Building Autonomous Systems and Commercial Paths for Human Space Flight”.
- In March 2018, he was awarded the Buzz Aldrin Space Exploration Award for his work with Blue Origin at the Explorers Club annual dinner.
- He won the 2018 Axel Springer Award in Germany for business innovation and social responsibility. Time magazine ranked him as one of the 100 most influential people in the world in the 2018 listing.
Fireside Chat with Jeff Bezos, Shah Rukh Khan, and Zoya Akhtar
About his followers
- He has more than 2.6M followers on Instagram as of January 27, 2021.
- He has more than 1.8M followers on Twitter as of January 27, 2021.