|Estimated value:||€164 billion|
|Country of origin:||United States of America|
|Source of Wealth:||entrepreneur|
Jeffrey “Jeff” Preston Bezos is a world-renowned American entrepreneur and investor. He is best known for founding the online mail order company Amazon and is still active there as CEO. Bezos has a considerable Net Worth and is a multiple multi-billionaire. According to Forbes magazine, he is currently the richest person in the world with a Net Worth of almost 100 billion US dollars. Jeff Bezos was married to MacKenzie Bezos from 1993 to 2019 and they have four children, one of whom was adopted from China. Bezos is currently in a relationship with presenter Lauren Sanchez.
Jeff Bezos was born Jorgensen in 1964 in Albuquerque, New Mexico. His parents, Jacklyn Gise Jorgensen and Ted Jorgensen, divorced early after Jeff’s birth. Shortly after the divorce, his mother married Cuban Miguel Bezos and took his last name. The family of three then moved to the city of Houston, where Jeff’s stepfather, Miguel, got a job at the Exxon oil company. Jeffrey Bezos attended River Oaks Elementary School in Houston before the family moved to Miami. There, young Jeff graduated from Miami Palmetto Senior High School. From 1982 to 1986 he studied electrical engineering and computer science at Princeton University. Jeff completed both courses with top marks and thus earned his Bachelor of Science (B.Sc.). After his first experiences in the professional world, at the Taiwanese mobile phone company FITEL and the New York asset management companies Bankers Trust and DE Shaw & Co, Jeff and his business partner at the time, David E. Shaw, had the idea of an online bookshop and thus laid the foundation for it Company Amazon.
In 1994, Bezos split from his business partner Shaw and continued to develop the idea of mail order online books. He founded the company Amazon.com Inc. It was important to Bezos for the naming of his company that the name begins with an A, i.e. the first letter of the alphabet. The name Amazon is based on the great Amazon river, the flow of which symbolically characterizes the coming power of his own company. A year after founding the company, Jeff invited around 300 friends and acquaintances to present his work to them. Amazon was able to sell books in all US states and 45 other countries in the first month after its founding. From the second month, the company was already turning over $20,000 a week and became known to large parts of the public due to its financial success. In 1998 the first country-specific websites went online and just under a year later the total turnover was already over 1 billion US dollars. Surprisingly, Amazon was still making losses up to this point. Due to the company’s rocky start, losses were around 300 million dollars and it was only from 2002 that Amazon made a profit. In 2000, Bezos founded the private space company Blue Origin. Bezos bought the Washington Post newspaper for $250 million. These and other investments are managed by Bezos Expeditions.
As of 2012, Amazon made $61.1 billion in revenue and was worth $200 per share in 2013. Bezos has received a number of awards throughout his career. Among others, he was named Time Magazine’s Person of the Year in 1999 and Net Worth Magazine’s Business Man of the Year in 2012. In 2017, Bezos was inducted into the Logistics Hall of Fame and the following year he received the Springer Award.
“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.”
“There are two kinds of companies; those that work to try to charge more and those that work to charge less. One will be second.”
tips for success
Jeff Bezo’s success doesn’t come from anywhere, as one of the most successful entrepreneurs and the richest person in the world, he has some wisdom for success. Among other things, Bezos claims that if you act competitively, instead of paying attention to what the competitor is doing and instead focusing on customer centricity, you can do pioneering work. The successful entrepreneur also has the right words ready for people who don’t take criticism. Bezos explains very simply that if you don’t take criticism, it’s best not to create anything new or interesting.
|Estimated value:||€164 billion|