Jeff Bezos Biography
Jeff Bezos is an American technology entrepreneur, an investor, philanthropist. He is the founder, chairman, CEO, and president of Amazon. Jeff ‘s net worth has been fluctuating a lot recently as of 2019 he has an estimated net worth of 165.6 billion USD.
From 1986 to early 1994 Bezos worked on Wall Street in a variety of related fields. In late 1994 he founded Amazon on a cross-country road trip from New York City to Seattle. The Amazon company started as an online bookstore and has expanded to a variety of products and services, including video and audio streaming. Currently it is the world’s largest online sales company, as well as the world’s largest provider of cloud infrastructure services via its Amazon Web Services arm.
Bezos added to his business interests when he founded aerospace company Blue Origin in 2000. A Blue Origin test flight successfully first reached space in 2015, and Blue has plans to begin commercial suborbital human spaceflight as early as late 2018. He purchased The Washington Post in 2013 for US$250 million in cash. Bezos manages other business investments through his venture capital fund, Bezos Expeditions.
Bezos became the world’s wealthiest person on July 27, 2017, when his estimated net worth increased to just over $90 billion. His wealth surpassed $100 billion for the first time on November 24, 2017, and on March 6, 2018 he was formally designated the wealthiest person in the world by Forbes, with a net worth of $112 billion. The first centi-billionaire on the Forbes wealth index. In July 2018 he was named the “richest man in modern history” after his net worth increased to $150 billion.
Jeff Bezos Age| Jeff Bezos Birthday
He was born on January 12 1964 at a place called Albuquerque, in New Mexico, U.S. He is 55 years old as of 2019.
Jeff Bezos Family| Jeff Bezos Parent |Jeff Bezos Sister
Bezos was born Jeffrey Preston Jorgensen in Albuquerque, New Mexico. He is the son of Jacklyn Gise Jorgensen and Chicago native Ted Jorgense. He was born when his mother was a 17 year -old high school student and his father was a bike shop owner. After his mother divorced Ted, In April 1968 she married Cuban immigrant Miguel “Mike” Bezos. After their wedding they adopted a four-year-old Jorgensen, whose surname was then changed to Bezos. The family migrated to Houston, Texas which was the working place of Mike after he graduated from the University of New Mexico. In Houston Jeff Bezos attended River Oaks Elementary School from Fourth to sixth grade.
Bezos is the maternal grandson of Lawrence Preston Gise, a regional director of the U.S. Atomic Energy Commission (AEC) in Albuquerque. He retired early to his family’s ranch near Cotulla, Texas, where Bezos would spend many summers in his youth.
Bezos later purchased this ranch, and grew it from 25,000 acres (10,117 ha) to 300,000 acres (121,406 ha). His maternal grandmother was Mattie Louise Gise (née Strait) . Through her Bezos is a cousin of country singer George Strait. Always Bezos often showed scientific interests and technological proficiency; he once rigged an electric alarm to keep his younger siblings out of his room.
Jeff Bezos Education
Jeff Bezos Attended Miami Palmetto High School while he was still working at McDonald’s as a short-order line cook during the breakfast shift. At University of Florida he attended the Student Science Training program where he received a Silver Knight Award. He was both a high school Valedictorian and a National Merit Scholar.
He graduated from Princeton University in year 1982 with 4.2 grade point average and Bachelor of Science degrees in electrical engineering and computer science and he also joined Phi Beta Kappa. In Princeton he was elected to Tau Beta Pi and was the Princeton chapter of the students for exploration and Development of space.
Jeff Bezos Wife| Jeff Benzos Children| Jeff Bezos Daughter
Bezos met novelist MacKenzie Tuttle in 1992, while he was working for D. E. Shaw in Manhattan, New York. During that time Mackenzie was a research associate at the firm. The two got married a year later. The couple moved across the country to Seattle, Washington in 1994, where Bezos founded Amazon. They are the parents of four children: three sons, and one daughter adopted from China.
Jeff Bezos Divorce
Jeff Bezos and his wife of 25 years announced their divorce on Wednesday 9, 2019, three days before his 55th birthday in a tweet signed by both of them.
The tweet says, “We want to make people aware of a development in our lives. As our family and close friends know, after a long period of loving exploration and trial separation, we have decided to divorce and continue our shared lives as friends,”
The divorce was finalized on April 4, 2019, with Bezos keeping 75% of the couple’s Amazon stock and MacKenzie getting the remaining 25% ($35.6 billion) in Amazon stock. However, Bezos would keep all of the couple’s voting rights.
Jeff Bezos Lauren Sanchez | Jeff Bezos Affair
Jeff Bezos, the Amazon CEO has been having an eight month affair with the former 49-year-old TV anchor, Lauren Sanchez, sharing sexy selfies and exotic vacations together’ and only announced his $140bn split from wife of 25 years because the fling was to be made public.
Jeff Bezos House|Jeff Bezos Home
Jeff Bezos bought His Spanish style mansion in 2007 for $24.45 million. It has seven-bedroom, seven-bathroom. Home is advertised by Dream Homes Magazine that it has a greenhouse, a sunken and lighted tennis court, a huge swimming pool, four fountains, and a six-car garage. The street is a hotspot for Hollywood stars, and is said to have been home to Jimmy Stewart, Donna Reed and Walter Matthau. The first house did not fit Jeff Bezos’ space requirements. This past July he bought a comparatively modest four bedroom, home for $12.9 million right next door to his first house.
Jeff Bezos Investments| Jeff Bezos Companies
Bezos does personal investments through his venture Capital vehicle Bezos Expeditions. He was one among the first shareholders in Google, when in 1998 he invested $250,000. That $250,000 investment made 3.3 millions shares of google stock which its worth is about $3.1 billion in 2017. He also invested in Unity Biotechnology, a life-extension research firm hoping to slow or stop the process of aging. Jeff Benzos is also one of the investors in health sector which includes investments in Unity role within a new, unnamed healthcare company.
Jeff Bezos Amazon
Bezos decided to start an online bookstore in late 1993. On July 5, 1994 he left his job at D. E. Shaw and founded Amazon in his garage. This is after writing its business plan on a trip from New York to Seattle. He named his new company after the Amazon River in South America, in part because the name begins with the letter “A,” which is at the beginning of the alphabet.
Bezos agreed to take an estimated $300,000 from his parents and invested in Amazon. He informed many early investors that there was a 70% chance that Amazon would fail or go bankrupt. Originally Amazon was an online bookstore, but always bezos planned to expand to other products. Three years after he founded Amazon, bezos took it public with an initial public offering (IPO). Bezos maintained that the growth of the internet would overtake competition from larger book retailers such as Borders and Barnes & Noble in response to critical reports from Fortune and Barron’s.
Bezos diversified into the online sale of music and video in 1998. By the end of the year, he had also expanded the company’s products to include a variety of consumer goods. The $54 million raised during the company’s 1997 equity offering was used to finance aggressive acquisition of smaller competitors.
He led Amazon to launch Amazon Web Services in 2002 . It was used to compile data from weather channels and website traffic. Rapid spending from Amazon caused it financial distress in late 2002 when revenues stagnated. Bezos borrowed $2 billion from banks in 2000, as its cash balances dipped to only $350 million. Bezos closed distribution centers and laid off 14% of the Amazon workforce after the company nearly went bankrupt .
The company recovered from financial instability and turned a profit of $400 million. Bezos launched the Amazon Kindle in November 2007. Bezos according to a 2008 Time profile, he wished to create the same flow state found in video game simulations in books. He also wished readers would fully engage with books. Bezos secured a $600 million contract with the Central Intelligence Agency (CIA) on behalf of Amazon Web Services in 2013 . In October that same year, the company was recognized as the largest online shopping retailer in the world.
Bezos sold slightly more than one million shares of his holdings in the company for $671 million in May 2016. This was the largest sum he had ever raised from selling some of his Amazon stock. Bezos sold another million of his shares for $756.7 million on August 4, 2016. He took on 130,000 new employees when he ramped up hiring at company distribution centers a year later.
Amazon stock holdings had appreciated to slightly over $109 billion by January 19, 2018. Later in the month Bezos began to sell stock to raise cash for other enterprises, in particular, Blue Origin. He was featured in Amazon’s Super Bowl commercial on January 29, 2018. Amazon reported its highest ever profit with quarterly earnings of $2 billion on February 1, 2018. Due to the growth of Alibaba in China, Bezos has often expressed interest in expanding Amazon into India.
He sent Amit AgarwaI Amazon’s global senior vice president, to India with $5.5 billion in March 2018 to localize operations throughout the company’s supply chain routes. U.S. President Donald Trump later in the month, accused Amazon–and Bezos, specifically–of sales tax avoidance, misusing postal routes, and anti-competitive business practices.
In response to the President’s negative comments Amazon’s share price fell by 9%. This reduced Bezos’s personal wealth by $10.7 billion. Bezos weeks later he recouped his losses when academic reports out of Stanford University indicated that Trump could do little to regulate Amazon in any meaningful way. In July 2018, a number of members of the U.S. Congress called on Bezos to detail the applications of Amazon’s face recognition software, Rekognition.
Additionally, statements by the Trump administration, in favor of overturning the antitrust law known as the Paramount Decree, have been predicted to help Amazon acquire the Landmark Theaters chain.
In September 2018 criticism of Amazon’s business practices continued when Senator Bernie Sanders introduced the Stop Bad Employers by Zeroing Out Subsidies (Stop BEZOS) Act and accused Amazon of receiving corporate welfare. It was followed by revelations after the non-profit group New Food Economy found that one third of Amazon workers in Arizona, and one tenth of Amazon workers in Pennsylvania and Ohio, relied on food stamps.
When he was preparing to introduce the bill, Sanders opined “Instead of attempting to explore Mars or go to the moon, how about Jeff Bezos pays his workers a living wage?” He later said “Bezos could play a profound role. If he said today, nobody who is employed at Amazon will receive less than a living wage, it would send a message to every corporation in America.”
Sanders’s efforts generated a response from Amazon which pointed to the 130,000 jobs it created in 2017 and called the $28,446 figure for its median salary “misleading” as it included part-time workers. However, Sanders opposed that the companies targeted by his proposal have placed an increased focus on part-time workers to escape benefit obligations. Bezos announced on October 2 2018, a company-wide wage increase which Sanders applauded. The American workers who were being paid the minimum wage had this increased to $15 per hour — a decision that was interpreted as support for the Fight for $15 movement.
Jeff Bezos Net Worth | Jeff Bezos Loss
On October 2019 Jeff lost the title of the richest man in the world to Bill Gates after Amazon Inc reported that revenue and profit for the Q3 quarter could be below expectations over fierce competition and rising costs from its plan to speed up delivery times globally. After the announcement, the shares of the online retail behemoth dipped 7 per cent during initial hours of trading , taking Bezos’ fortune down to $103.9 billion. Jeff ‘s net worth has been fluctuating a lot recently as of 2019 he had an estimated net worth of 165.6 billion USD. After his loss his current estimated net worth is $111 billion USD.
On October 24, 2019 Amazon reported third-quarter earnings that disappointed investors and sent Amazon stock spiraling down as much as 9% in after hours trading. As of 6pm ET, the stock was down 6.6%, or $118 a share.
Jeff Bezos Book|Documentary
- The Remains of the Day” by Kazuo Ishiguro
- “Built to Last: Successful Habits of Visionary Companies” by Jim Collins
- Creation: Life and How to Make It” by Steve Grand
- Good to Great: Why Some Companies Make the Leap … and Others Don’t” by Jim Collins
- The Innovator’s Dilemma” by Clayton Christensen
- Sam Walton: Made in America” by Sam Walton
- Lean Thinking: Banish Waste and Create Wealth in Your Corporation” by James Womack and Daniel Jones
- “Memos from the Chairman” by Alan Greenberg
- The Mythical Man-Month” by Frederick P. Brooks, Jr.
- The Goal: A Process of Ongoing Improvements” by Eliyahu Goldratt
- Data-Driven Marketing: The 15 Metrics Everyone in Marketing Should Know” by Mark Jeffery
- The Black Swan” by Nassim Taleb
Jeff Bezos Religion
Jeff Bezos is said to be a Christian by religion but his specific denominations is unknown because he has always insisted that he respects all religions and does not try to dominate others on the matter.
Jeff Bezos Wealth
In 1997 Jeff Bezos became a millionaire after raising $54 million through Amazon’s initial public offering (IPO) He was listed on Forbes The World’s Billionaire in 1999 with a registered net worth of $10.1 billion. A year Later his net worth went down to $6.1 billion a 40.5% drop. The following year his wealth decreased even more dropping 66.6% to $ 2.0 billion. His net worth went down to $ 1.5 billion after he lost $500 million the other year. The following year his net worth rose by 104% to $1.5 billion. The following year his net worth rose by 104% to $1.5 billion. from year 2005 to 2007 his net worth rose to $8.7 three times from the previous year. After the financial crisis and succeeding economic recession his net worth would register $6.8 billion – 17.7% drop.
His wealth increased by 85.2% in 2010 leaving him with $12.6 billion. This percentage increase took him to the 43rd spot on the ranking from 68th.
Jeff Bezos net worth rose to $ 30.5 billion after a rumour that Amazon was developing a smartphone. After increasing his net worth to a total of $50.3 billion a year later Jeff Bezos entered the top ten. He rose to be the 5th richest person in the world hours before market close when he gained $7 billion. In October 2016 which was a month later his wealth increased by $16.2 billion to $66.5 billion unofficially ranking him the third richest person in the world behind Warren Buffet. After Amazon’s shares price increased by more than 2.5% Jeff Bezos’s net worth surpassed $100 billion for the first time on November 24,2017
Jeff Bezos Office
Jeff Bezos Quotes
- 1“If you double the number of experiments you do per year you’re going to double your inventiveness.”
- .Life’s too short to hang out with people who aren’t resourceful.”
- A brand for a company is like a reputation for a person. You earn reputation by trying to do hard things
- One of the only ways to get out of a tight box is to invent your way out.” – Jeff Bezos
- What we need to do is always lean into the future; when the world changes around you and when it changes against you – what used to be a tail wind is now a head wind – you have to lean into that and figure out what to do because complaining isn’t a strategy
- “If you don’t understand the details of your business you are going to fail
- The great thing about fact-based decisions is that they overrule the hierarchy.”
- “Part of company culture is path-dependent – it’s the lessons you learn along the way.”
- The common question that gets asked in business is, ‘why?’ That’s a good question, but an equally valid question is, ‘why not?’”
- My own view is that every company requires a long-term view
Jeff Bezos Car|Honda
Amazon’s Jeff Bezos continued to drive a Honda long after becoming a billionaire — and it reveals why he’s so successful. Jeff Bezos is worth over $100 billion, but he is still a frugal spender as Amazon CEO. When he first became rich, Bezos upgraded his Chevy Blazer to a Honda Accord.
Jeff Bezos Politics
Public campaign finance records state that Jeff Bezos supported the electrol campaigns of Patty Murray and Maria Cantwell, two Democratic US senators from Washington.
After 2016 presidential election Jeff Bezos was given an invitation to join Donald Trump’s Defencse Innovation Advisory Board which he rejected without further comment.
He has been repeatedly attacked by Donald through twitter being accused of avoiding corporate taxes, gaining undue political influence and undermining his presidency by spreading “fake news” Jeff Bezos always joked about using his rocket company to send Donald Trump into outer space.
In year 2018 month of March Jeff Bezos met in Seattle with Mohammed bin Salman who is the Crown prince and de facto ruler of Saudi Arabia, to discuss investment opportunities for Saudi Arabia Vision 2030. In 2014 Jeff Bezos won a bid for a cloud computing contract with the CIA amounted to $600 million. With the Pentagon a 10$ billion contract known as the joint Enterprise defense infrastructure project was confirmed for Amazon in 2018.
Jeff Bezos Interview about Amazon,Blue Origin, Family and Wealth
Jeff Bezos Philanthropy|Charity|Donations
Jeff Benzos supports his philanthropic efforts by direct donations and non-profit projects funded by Bezos Expenditions. Through his expeditions he has been able to fund the Bezos Centre for innovation at Seattle Museum of History and industry for $10 milllion and also Bezos Center for Neural Circuit Dynamic at Princeton Neuroscince Institute for $ 15 million in 2017. He has donated many times to the Fred Hutchinson Cancer Research Centre: $10 million in 2009, $20 million in year 2010, $ 15 million in year 2011 and $ 35 million in 20-17. He also gave $800,000 to Worldreader, a non-profit founded by a former Amazon employee.
In 2015, he funded the recovery of two Saturn V first-stage Rocketdyne F-1 engines from the floor of the Atlantic Ocean.They were positively identified as belonging to the Apollo 11 mission’s S-1C stage in July 2013. The engine is currently on display at the Seattle Museum of Flight. His philanthropic efforts have been negatively compared to those of Bill Gates and Warren Buffett.
On May 23, 2017, he gave $1 million to the Reporters Committee for Freedom of the Press, the largest single gift received by the organization. The committee provides legal services to protect the rights of American journalists. In an interview at the George W. Bush Presidential Center later that month, Bezos voiced his attraction to engaging in strategic philanthropy to address systemic inequalities rather than outright charity. On June 15, 2017, he sent a message on Twitter asking for ideas for philanthropy: “I’m thinking about a philanthropy strategy that is the opposite of how I mostly spend my time—working on the long term” A year later in June, he tweeted that he would announce two philanthropic focuses by the end of summer 2018. An analysis of all 50,000 comments on the post concluded four areas of interest for Bezos’ upcoming philanthropy: health care, education, workplace rights, and environmentalism.
In January 2018, he donated a$33 million to The Dream.US, a college scholarship fund for undocumented immigrants who were brought to the United States when they were minors. In June 2018, Bezos donated to Bill Gates’ Breakthrough Energy Ventures, a private philanthropic coalition aimed at promoting emissions-free energy. In September 2018, Jeff Bezos revealed his plan to create a $2 billion fund for homeless and preschools.
Jeff Bezos Newspaper
Jeff Bezos purchased the newspaper for US$250 million in cash, he completed the transaction on October 1, 2013, after announcing the planned acquisition on 5th August , 2013.The newspaper is now owned by Nash Holdings LLC, a holding company made for the acquisition and controlled by Bezos.
The market included the Spanish language newspaper El Tiempo Latino, the Fairfax Times, The Gazette, the free daily newspaper Express, Southern Maryland Newspapers, and several newspapers covering and for the U.S. armed forces.
Nash Holdings also took ownership of the Post printing plants in Springfield, Virginia; Fairfax County, Virginia; and Laurel, Maryland (the “Comprint plant”). Other assets included in the sale were the publications Apartment Showcase, Capital Business, Fashion Washington, Guide to Retirement Living Sourcebook, New Condominium Guide, and New Homes Guide; the Internet sites TheCapitolDeal.com and ServiceAlley.com; and Comprint Military Publications (which included eight weekly newspapers covering local military bases, 10 annual guides to local military bases, and the Web sites DC Military.com, DC MilitaryEd.com, DC MilitaryFamLife.com).
Some real estate was also included in the deal, such as a one-story office building in St. Mary’s County, Maryland; warehouses in Fairfax County, Virginia; two tracts of land in Fairfax County, Virginia; leased office space in Charles County, Maryland, and in Montgomery County, Maryland; and 23 acres of undeveloped land in Charles County, Maryland.
The once not inclusive in the sale were other Washington Post Company assets, including the Washington Post Company’s downtown office building, the Post’s Robinson Terminal facilities in Alexandria, Virginia; Post-Newsweek Stations; Cable ONE (a Phoenix, Arizona-based Internet and cable service provider); independent web-based media assets such as Slate Group magazine and its sister video magazine, Slate V), The Root, and Foreign Policy; social media marketing company Social Code; home healthcare and hospice provider Celtic Healthcare; and the energy parts supplier Forney Corporation. After the sale was complete a press release announced the name change of the Washington Post Company to Graham Holdings Company (the change was made effective on November 29, 2013).
In early September 2013, Bezos summarized his approach for the news organization with a vision that recreates “the ‘daily ritual’ of reading the Post as a bundle, not merely a series of individual stories”—although he indicated that the experience was more likely to be created on tablet computers and less likely “on the Web”Bezos has been described as a “hands-off owner”, holding teleconference calls with executive editor Martin Baron every two weeks.
In August 2014, The Washington Post launched ,an online personal finance section know as” get there”
In September 2014, Jeff Bezos announced that he would appoint Frederick J. Ryan Jr., founding President and CEO of Politico, to serve as Publisher and CEO of The Washington Post, effective October 1, 2014. This shows Bezos’ intent to shift The Post to a more digital focus with a strategy for expanding to a broader national and global readership. Ryan is still to invest in news and technology while reducing expenses in legacy print areas.
Nash Holdings divested itself of a number of newspapers, and closed two others, in the summer of 2015. The company announced on June 12, 2015, that it would close the Montgomery Gazette and Prince George’s Gazette effective June 18, 2015. The company also sold Comprint Military Publications and its Southern Maryland Newspapers group (which consisted of the Maryland Independent, The Enterprise, the Calvert Recorder, and the Enquirer Gazette, and their associated Southern Maryland Newspaper Web site) to Adams Publishing Group. The company also said it would sell the Fairfax County Times to Whip It Media, a locally owned company founded by the Times‘ former general manager, Richard Whippen.
In year 2014 August, the Post announced it was moving into new headquarters located at One Franklin Square in December 2015. The company leased 242,000 square feet of space for sixteen years on floors four through nine in the west tower and floors seven and eight in the east tower. The building’s owner agreed to an extensive build-out: Only about 10 percent of the space will be private offices, which needed extensive demolition of interior walls and the removal of the walls on the seventh and eighth floor in the east tower so they joined with the floors on the west tower. The newly joined space will create two 60,000-square-foot (5,600 m2) floors capable of accommodating 700 newsroom workers and software engineers. The build-out includes four sets for live television filming, a new staircase between the seventh and eighth floors in each tower, and a two-story auditorium on the fourth floor. The building’s south-facing facade will also be altered to give Post workers floor-to-ceiling windows.
On April 3, 2017, the Post launched a new history blog, Retropolis, that features daily posts aimed at connecting present-day news with its rich history.
On 12th February 2018, the Post began a podcast called Retropod which is a show for history lovers, showing stories about the past which rediscover forgotten heroes, overlooked villains, dreamers and more.
Jeff Bezos Jet
Jeff Bezos owns a Gulfstream G650ER private jet with reg
Jeff Bezos Images|Pictures.
Jeff Bezos Diet|Fitness
Jeff Bezos is a busy CEO of Amazon but he always finds time to wake up naturally without an alarm clock and eat a leisurely, but healthy breakfast with his wife and four children. He avoids fatty, typical American breakfast He always insist on eight hours sleep at night and working out with strength training regularly.
Jeff Bezos Twitter
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