The Success story of Jeff Bezos or Jeffrey Preston Bezos (born January 12, 1964) is an entrepreneur, investor and philanthropist, and retailer of technology, known as the founder, president, and CEO of Amazon.com, the world’s largest online shopping retailer.
The company started out as a book internet marketing and expanded into a wide range of products and services, the latest streaming video and audio streaming. Amazon.com is currently the largest Internet World Wide Web sales company, as well as the world’s largest provider of cloud infrastructure through Amazon Web Services arm.
Other diversified business interests include Bezos aerospace and newspapers. He is the founder and producer of Blue Origin (founded in 2000), with space test flights commenced in 2015 and plans for the commercial suborbital human space flight from 2018. In 2013, Bezos purchased the Washington Post. A number of other business investments are managed by Bezos Expeditions through.
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The Success story of Jeff Bezos With an estimate of $ 90.2 billion on July 27, 2017, net worth, Bezos is currently the richest person in the world, just ahead of teammate Bill Gates second, and ahead of Warren Buffett and Amancio Ortega in the third and fourth respectively.
Success story of Jeff Bezos: Early age and education
Bezos Jeffrey Preston Jorgensen was born in 1964 in Albuquerque, New Mexico, Jacklyn (born Gise) and Ted Jorgensen. His maternal ancestors were settlers living in Texas, and for generations acquired a ranch of 25,000 acres (101 km2 or 39 miles) near Cotulla.
In March 2015, The Success story of Jeff Bezos was among the largest landowners in Texas. Bezos’s grandfather was a regional director of the United States Atomic Energy Commission in Albuquerque. He retired early at the ranch, where Bezos spent many summers as a young man, working with him. At a young age, he showed mechanical aptitude – like a baby, dismantled his cradle with a screwdriver.
Bezos’s mother, Jacklyn, was a teenager at the time of her birth. Jorgensen’s marriage lasted just over a year. In April 1968, when Jeff was 4, he married his second husband, Miguel Bezos, a Cuban immigrant in the United States when he was only 15 years old.
His family was originally from Villafrechos, a small town in Valladolid (Spain). Miguel Bezos crossed the University of New Mexico and married Jacklyn, becoming the stepfather of Jeff Jorgensen, who changed his surname Bezos.
After the marriage, the family moved to Houston (Texas) and Miguel worked as an engineer for Exxon. Young Jeff attended Elementary River Oaks in Houston from the fourth to the sixth grade. Like a kid, he spent summers working at his grandfather ranch in southern Texas.
Bezos often showed interest in scientific and technological competition; Once he has arranged an electrical alarm to keep his siblings out of his room. The family moved to Miami, Florida, where she attended the Miami Palmetto High School. While in high school, he attended the student training program at the University of Florida Sciences, receiving the Silver Knight prize in 1982. He was Valedictorian High School and National Merit scholar.
Bezos graduated from Phi Beta Kappa at Princeton University with a Bachelor of Science (B.S.) in Electrical and Computer Engineering. While at Princeton, he was also elected to the Tau Beta Pi. He served as President of Princeton’s Chapter for Exploration and Space Development.
Success story of Jeff Bezos: Business career
Success story of Jeff Bezos: Career start
After graduating from Princeton in 1986, Bezos worked on Wall Street in the computer industry. Then he worked on building an international network for a company known as Fitel. He then worked at Bankers Trust. Later, he also worked on business opportunities in Internet-enabled hedge fund D. E. Shaw & Co.
Success story of Jeff Bezos: Amazon.com
Bezos founded Amazon.com in 1994, after making a trip across the country from New York to Seattle to write Amazon’s business plan on the road. The company initially installed in your garage. He left his job well paid at a New York hedge fund after learning “about the rapid growth in Internet usage,” which coincided with a new US Supreme Court ruling that exempted companies to pick up the ” Sales tax in states that do not have a physical presence posted. ”
Bezos is known for its attention to business details. As described by Portfolio.com, “It’s both a happy-go-lucky and micro manager magnate … an executive who wants to know all the minutiae of the contract as cited in all the Amazon press releases.
On August 15, 2015, the New York Times wrote an article titled “Inside Amazon: Fighting Big Ideas at the Workplace Livid” on Amazon’s business practices. Bezos responded to his employees with a Sunday memorandum saying they did not represent the company that ran and challenged his portrait as “a workplace and soulless dystopian in which he feels is not fun and laugh” and contact directly if true.
In May 2016, Bezos sold little more than a million shares of its stake in the company for $ 671 million, becoming the most money he had obtained in a sale of goods on Amazon. On August 4, 2016, he sold another million shares worth $ 756,700,000. As of June 19, 2016, Bezos had 83.9 million Amazon shares, being 16.9% of all outstanding shares with a market value of $ 83.9 billion.
Success story of Jeff Bezos: Blue origin
In 2000, Bezos founded Blue Origin, a human-scale launcher company, partly due to its fascination for space travel, including the early interest in the development of “space structures, amusement parks, neighborhoods and small Cities 2 or 3 million people orbit around the earth. ”
The company has been kept secret for some years; It only became public in 2006 when it has brought a remarkable land consolidation in western Texas for ease of launch and testing. In an interview in 2011, Bezos said the space company was set up to help “let anyone go in space,” and said the company promised to reduce costs and increase the safety of space flight.
“Blue Origin is one of the many start-ups in order to open space travel for page customers. Amazon man, the company is secret, but [in September 2011] revealed that he had missed a prototype pilot for short Test hop Although this was a stop, the announcement of the defeat revealed for the first time as the team had advanced Blue Origin.
” Bezos said the incident was not the result none of us wanted, but we signed for it to be difficult. “A profile published in 2013 described an interview with the Miami Herald in 1982 given after being named Bezos Valedictorian.The 18-year high school said he wanted to build space hotels, amusement parks and colonies for 2 million or 3 million People who would orbit. “The idea is to preserve the earth,” he told the newspaper … The purpose was to evacuate humans, the planet would become a park.
In 2013, Bezos would discuss opportunities and strategies for space trading with Richard Branson, founder of the Virgin Group billionaire and president of Virgin Galactic.
In 2015, Bezos discussed the motivation of your commercial space flight when it announced a new orbital launch vehicle for the first flight at the end of 2010. He said his ambitions in a space do not depend on the position of Mars, Luna, Asteroids, etc.
“We want to go anywhere [requiring significantly lower launch costs.] Our number one opponent is gravity. The blue is pretty simple, we see millions of people living and working in space, which will have a lot of Time, I think it’s a useful purpose. “In 2016, Bezos opened the factory design and fabrication of blue rock journalists for the first time and gave extensive interviews that included a common vision for space and blue background.
Bezos exploits a space as “full of resources” and provides a “great investment” that will grow “marketing space that spans hundreds of years, leading to an era in which millions of people would live and work in space.”
It sees the energy and heavy production occurring in space, having the effect of reducing pollution on Earth, effectively reducing the likelihood of something “bad to happen on Earth.” Bezos said he is trying to change the basic structure of space access costs.
On November 23, 2015, the New Shepard Blue Origin Spacecraft flew successfully into space, reaching its expected altitude of 329,839 feet (100.5 km) before performing a vertical landing at the Texas launch site in Texas.
Blue Origin is a large flight test program New Shepard plans to begin “test” passenger transport in 2017 and begin commercial flights in 2018. Blue is currently under construction six vehicles to support all stages of testing and operations: Flight test, weekly test passenger flights, and commercial passengers.
In June 2016, Bezos reiterated, in the long run, to see almost all heavy industry factories in space as part of a big, but rare interview his goal. In September 2016, he said he hoped to colonize the solar system. Recently, Bezos also revealed that it was selling about $ 1 billion a year to Amazon to fund its Blue Origin rocket company.
Success story of Jeff Bezos: the Washington Post
On August 5, 2013, Bezos announced the purchase of the Washington Post for $ 250 million in cash. Amazon.com was not involved. “This is an unexplored ground,” he told the newspaper, “and will require experimentation.” Shortly after the announcement of the purchase intent, the Washington Post published a long Bezos profile on August 10, 2013. The sale closed on 1 October 2013 and Nash Holdings LLC Bezos took control.
In March 2014, Bezos made its first significant change on the Washington Post and raised the paywall online for subscribers to several US local newspapers, including The Dallas Morning News, Honolulu Star-Advertiser, and Minneapolis Star- Tribune. Bezos revealed in 2016 that he did not have any due diligence to accept the former bid of former Washington Post owner Donald E. Graham.
Success story of Jeff Bezos: Other investments
Bezos was one of the first shareholders invested in Google when $ 250,000 in 1998. This $ 250,000 investment has caused 3.3 million shares of Google’s $ 3.100 million worth of shares today.
It has also invested in Unity Biotechnology, a life extension research company hopes to slow down or stop the aging process.
Success story of Jeff Bezos: Net Worth
Jeff Bezos had a net value of 58.8 million dollars in November 2015, according to Forbes. Because his fortune is largely the result of Amazon.com, which he founded and directed, Bezos earned an 8 out of ten in noticing the magazine.
Bezos’s fortune puts him among the wealthiest men in the world and is accelerating toward the top of that list. In July, Amazon’s profits exceeded expectations, totaling $ 92 million in the second quarter. For a company that has usually avoided the benefits of reinvesting in the business, the huge profit made the news and pushed the price of the shares considerably.
After the news, Bezos’s participation in the Amazon 18% pushed him to the rank of fifth richest man in the world, according to Forbes. (For more information, see: From Poverty to Power: Celebrities that started with nothing.)
However, according to a report from Bloomberg’s rivals tracker competition, Bezos is doing even better. He said that thanks to Amazon’s star performance in 2015, he had passed the Mexican tycoon Carlos Slim to become the richest fourth person in the world.
Bloomberg reports that Bezos’ fortune has doubled in 2015, totaling 29,600 million euros. This growth is largely the result of investors crowding Amazon into recognition not only of its retail leader position but also the potential of new business lines, such as cloud storage.
While most of Bezos’s fortune is attributable to Amazon, it is also an investor in a number of younger technology companies that are making headlines. It was cited as an investor in the distribution of Airbnb’s corporate population; Basecamp software companies; Business Insider editor; Technology Society Education General Assembly; 3D Maker maker MakerBot printer; Uber in taxi dispatcher; And the ZocDoc health planner, among many, many others. (For more information, see: This is what the wallet Jeff Bezos looks like).
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In 1998, The Success story of Jeff Bezos also became one of the first investors in the partner and sometimes rival Google’s giant technology. $ 250,000 invested at that time was worth $ 280 million when Google went public in 2004, though it is unclear whether you have not maintained or participated.
Among the other properties, Bezos owns a $ 24,250,000 Beverly Hills estate with a swimming pool and a tennis court. House also has a $ 28 million lake in Medina, Washington, the same city where Bill Gates lives. The house consists of two buildings, covering 29,000 feet.
With its fortune, Bezos has also invested and supported projects and causes that interest you. One of these projects is the time clock now, a watch within a mountain that was designed to keep the exact time 10,000 years. He donated $ 42 million and a plot of land owned by Texas to building the clock, its producers hope to run well in the life of the next civilization. (For more information, see: An Overview of Amazon-Owned Enterprises.)
A news project was slightly buying Bezos in 2013 of the Washington Post for $ 250 million. The deal made the news and raised the eyebrows. Bezos later called Poste a national institution, hoping to keep alive Internet time with its technological expertise and deep pockets.
Bezos some have criticized for being like Steve Jobs, who was skeptical of philanthropy and did not make many titles with their donations.
But he has made donations and politicians over the years. In 2012, Bezos and his wife contributed $ 2.5 million to support a referendum on gay marriage in the state of Washington. He also donated $ 10 million to build the Bezos Center for Innovation at the Museum of History and Industry in Seattle, and $ 15 million to create the Bezos Center for Neural Circuit Dynamics at Princeton Neuroscience Institute.
In addition, he and his wife have created the Bezos Family Foundation, an educational charity.