Jeff BezosFounder and CEO, Amazon
Birth DetailsJanuary 12, 1964 | Albuquerque, United States
B.S. in electrical engineering and computer science, Princeton University
$148.3 billion (as of June 1, 2020)
Jeff Bezos' Assets:
Jeff Bezos' Journey so far ...
Before you go ...
- Blue Origin
- The Washington Post
Jeff Bezos' Journey so far ...
- Even before beginning his journey as an entrepreneur, Jeff Bezos was a successful corporate executive. He was the youngest- ever senior vice-president of the Wall Street investment bank D.E. Shaw & Co. during his tenure
- In the early ‘90s, the World Wide Web or the Internet was in its nascent stage and Bezos was contemplating investment opportunities for the firm. That’s when the possibilities of the technology and its massive growth -- around 2000% annually -- caught his attention
- He left his corporate job in 1994 and moved to Seattle to start his own company
- Initially, an online book store, the company’s primary development process began from the garage of his rented house with five employees
- Amazon.com was finally open for the public in July 1995, and with over 1 million titles claimed itself to be ‘Earth’s Biggest Book Store’
- Bezos had a clearly thought- out service which made navigating through the website really easy. Soon, Amazon allowed customers to post reviews, offered discounts and had a personalised book- recommendation mechanism in place
- Amazon’s popularity was growing fast and by the end of 1996 the company’s sales grew to over $15 million
- Amazon went public in 1997 with shares priced at $18 a piece
- The company diversified its offerings in the summer of 1998 to include CDs followed by the addition of videos later that year
- By the next year, Bezos had started investing in other e-commerce businesses operating in sectors such as pharmaceuticals
- Jeff Bezos founded an aerospace company called Blue Origin in 2000 with the aim to promote space travel using reusable launch vehicles
- In 2005, Amazon further diversified and now its product line, among others, included clothing items, electronics and hardware goods
- The same year, Amazon Prime -- a membership program through which US customers could avail two-day shipping services for eligible orders -- was also introduced
- Bezos took his company to the next level by introducing their cloud-computing service -- Amazon Web Services (AWS) -- in 2006
- In 2007, the company released an e-book reader called Kindle which soon became one of their best- selling products
- Bezos ventured into the entertainment business with his production house Amazon Studios in 2010
- In 2013, he acquired the publishing company The Washington Post for $250 million
- On July 27, 2017, Jeff Bezos replaced Bill Gates as the richest person in the world. Though his first term in the top spot lasted only for a few hours, he came back strong and within a few months he not only became the richest, his net worth also exceeded the $100 billion mark on November 27, 2017, making him a centibillionaire
- By 2018, Amazon’s annual sales had grown to around $233 billion
- Bezos has invested in several start-ups and successful ventures including Twitter, Airbnb and Uber. His other ambitious projects include the 10,000-year clock planned to be built into the Sierra Diablo mountain range in Texas, the F-1 engine retrieval project, etc.
- Currently, Jeff Bezos owns around 11% stake in Amazon and continues to be the richest person in the world
Before you go ...
- Bezos originally wanted to name his company ‘Cadabra’ -- taken from the word ‘abracadabra’
- He was paid an annual salary of $81,840 in 2019 which is the same he has been drawing for over two decades
- He has played cameo roles in Hollywood movies such as Tooth Fairy and Star Trek Beyond
Last Updated: 15/02/2021
Jeff Bezos News
- Bezos versus Ambani isn’t the only fight in the Indian retail spaceThe ongoing digital transformation of the corner kirana stores, tens of millions of shops catering to 1.3 billion consumers, will matter for everyone from Unilever NV and Procter & Gamble Co. to State Bank of India, the country’s largest lender. It will also be important to Amazon.com Inc. boss Jeff Bezos and Reliance Industries Ltd. Chairman Mukesh Ambani.
- The Future battle between Mukesh Ambani and Jeff Bezos isn't the only change taking over India's retail spaceThe ongoing digital transformation of the corner kirana stores, tens of millions of shops catering to 1.3 billion consumers, will matter for everyone from Unilever NV and Procter & Gamble Co. to State Bank of India, the country’s largest lender. It will also be important to Amazon.com Inc. boss Jeff Bezos and Reliance Industries Ltd. Chairman Mukesh Ambani.
- Why are Elon Musk and Jeff Bezos, the world's richest men, so interested in space?
- Joe Biden backs Amazon workers' right to unionize
- Elon Musk loses $15 billion in a day after Bitcoin warning
- Hi, Alexa, it’s Jeff Bezos. Having stepped down from my day job, how should I spend my time now?
- What makes Jeff Bezos & Mark Zuckerberg generational leaders? Sense of humour and discipline, confirms former colleague
- Space exploration more about collaboration than competition, says Nasa's Dr Bhavya Lal
- Inside Amazon’s secret strategy to dodge India e-commerce regulations
- Jeff Bezos reclaims title of world’s richest after Elon Musk slips
- Reaching for the stars: Meet the women leading India’s space renaissance
- Bezos has just learned how to take a vacation, but the lawmakers uniting to rein in his empire aren't afraid of Andy Jassy
- Amazon appeals to Supreme Court in Future deal dispute: Sources
- Hi, Alexa, It’s Jeff Bezos. How should I spend my time now?
- What, exactly, is Amazon Web Services?
- ET CEO Roundtable: Unity of effort is the vaccine India needs to reignite growth
- Jeff Bezos-Mukesh Ambani spat is testing India's allure for foreign investorsThe rulings come after two big arbitration awards against India. In September, international arbitrators said India acted unfairly in a $3 billion tax dispute with Vodafone and in another ruling ordered India to return $1.2 bn to Cairn for a similar failure. India has challenged the Vodafone ruling in Singapore, the govt has informed Parliament.
- ETtech Weekend Briefing: 551 days without 4G, Budget & Bezos
- Covid to growth, stars of business give their take
- Jeff Bezos is out as Amazon CEO. But is this the end of his ominous question-mark emails?
- Jeff Bezos follows Gates, Paul Allen in becoming latest tycoon to pursue his 'passion'
- What next for Jeff Bezos after stepping down from the role of Amazon CEO?
- ETtech Morning Dispatch on Feb. 4, 2021: Twitter's legal jeopardy, Amazon India after Jeff Bezos
- Jeff Bezos' exit won’t alter Amazon India plans
- ETtech Evening Briefing on Feb. 3, 2021: Twitter’s India spat, Bye-bye Jeff Bezos
DisclaimerThe content of this page has been aggregated from multiple websites. Some information can change over the passage of time.