Jeffery Preston Bezos popularly known as Jeff Bezos is an American magnate and Chief Executive Officer (CEO) of worldwide used e-commerce brand” Amazon”. Jeff has attained worldwide recognition for its tremendous success in the field of e-commerce.
Apart from being the founder and CEO of Amazon, Jeff is also the owner of “The Washington Post” and the mastermind and founding father of the space exploration company “Blue Origin”.
The advent of Amazon has marked the flourishment and growth of e-commerce.
Jeff Bezos Career Highlights
Jeff Bezos is recently in talks for making his name to the World’s Richest man by adding a fortune of $200 billion.
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It is considered that Bezos’s fortune is largest ever tracked according to Forbes. Some of the major highlights of Jeff includes:
- A major turn in the field of e-commerce by founding Amazon in 1994. Jeff had changed the entire scenario of e-commerce technology and made the lives of people much simpler by his innovations and creativity.
- Jeff’s hardships led to a favorable outcome and finally, he made into 400 List of Forbes in 1998.
- His inclination towards science and technology expanded further when he founded Blue Origin in 2000. A space exploration company that has announced to put Americans on the moon.
- In 2001 Amazon was able to survive Dot Com bubble bursts under the mentorship of Jeff Bezos. Thus making online shopping a major part of consumers worldwide.
- Amazon diversified its categories by launching Amazon Web Services in 2006. This marked the beginning of the story of the success of Amazon.
- Jeff also further launched Amazon Studios in 2010.
- In 2013 Jeff buys The Washington Post for $250 million. It turned the publication house upside down and flourished vastly under his mentorship
- Dethroning Warren Buffet as 2nd Richest Man in 2016 Jeff was one step ahead.
- In 2018 Jeff’s hard work finally paid off thus, making him the richest man in the World surpassing Bill Gates.
Jeff Bezos Wealth And Salary Or Net Worth
Jeff Bezos has made into the list of world’s richest man by adding a wealth of $200 billion recently. The Average salary of Bezos is $81840 at Amazon. Referring to the current pandemic situation the demand for Amazon goods and services as seen a considerable hike.
This has lead to the addition of a huge amount of wealth especially during the pandemic in the bank account of Bezos. The advancement of e-commerce and the growing need for the day to day goods has led to the rise in the price of shares of Amazon as well.
In an umpteenth time, Bezos’ fortune has seen a rise of $86 billion. The estimated Net Worth of Jeff Bezos is considered to be 19600 Crores USD.
However, with the rapid growth of e-commerce goods and services, there is no doubt that Bezos shall surpass this estimation as well. Bloomberg and Forbes are tracking the wealth of Jeff Bezos for a very long time.
They have concluded that the net worth is 1.9 million times the median American household income. According to sources Bezos’ in 2019 took home $1681840 in compensation from Amazon.
It further included his base salary of $81840 and compensation of $1600000. On July 20, 2020, Bezos’ earned the largest single-day increase of $13 billion. However, Amazon doesn’t serve to be the only source of income for Bezos’.
Half of his Income has also resulted from his own space travel company “Blue Origin” and media publisher “ The Washington Post”.
Jeff Bezos is also known for his philanthropic efforts as he donates a considerable amount of wealth to non-profit organizations. He has spent $2 billion of his fortune to fund non-profit organizations. In addition to that, he also donated $10 billion on climate programs under the “ Bezos Earth Fund”.
Jeff Bezos Career
Jeffery Preston Bezos’ career is an inspiration to a lot of people. Bezos joined Wall Street after being graduated from Princeton University in 1986. Albeit receiving a lot of offers from Intel, Bell Labs, and Anderson Consulting Jeff choose to start at fintech telecommunication startup “Fintel”.
It is also said that Jeff was also a product manager at Bankers Trust. In 1990 Jeff left Bankers Trust and joined the hedge fund company D.E. Shaw & Co. He became one of the youngest Vice President at the age of 30.
Bezos continued working here until he decided to start up his business plan by moving to Seattle. Bezos started Amazon, named after the river in South America from his garage. He started Amazon as an online book store.
He further expanded his e-commerce site providing music, videos, and other consumer goods. In November 2007 Amazon launched Kindle an online bookstore. Kindle as a first-ever online book store gained a lot of popularity.
It allowed users to read, download, and buy books of their respective choice. He also launched Kindle Fire HD, the next generation tablet giving competition to Apple’s iPad.
This was not the end of Jeff’s creativity and innovation, he further launched Amazon drones to provide delivery services to its customers, Amazon Fresh providing diversified grocery items and having them delivered them as soon as possible.
Jeff’s achievements do not end here he is also the founder of the space exploration company “ Blue Origin”.
The company has also promised to put Americans on the moon by 2024. Bezos in 2013 also bought “The Washington Post “ adding more than 200 employees under his ownership and thus leading to its flourishment and growth.
Jeff Bezos Early Life
Jeff Bezos byname Jeffery Preston Bezos was born on 12 January 1964 in Albuquerque, New Mexico. Jeff was previously named Jeffery Preston Jorgensen, after the divorce of his parents, Jeff was named after his stepfather Miguel “Mike” Bezos.
Jeff resided in Houston, Texas, and later shifted to Florida for his High School. Jeff enjoyed the company of his grandfather and spent most of his summers with him.
He worked with his grandfather who was a regional director of the US Atomic Energy Commission. During this time Bezos was keenly interested in science and technology. Eventually, Jeff got into Princeton and got graduated in the field of Computer Science.
Jeff Bezos’ Ex-Wife And Kids
MacKenzie Bezos is the ex-wife of Jeff Bezos, they have been recently divorced in 2019. The divorce of Jeff was one of the most expensive divorces in history. MacKenzie has made her name as one of the richest women in the world after her divorce with Jeff.
The dissolution of their 25 years marriage was a shock for most of us. MacKenzie demanded 25% of the Amazon stock as well also her interests in Blue Origin and The Washington Post.
MacKenzie played an integral part in Jeff’s career as well in the success of Amazon. She is an avid reader and published her books during her college years at Princeton.
“The Testing of Luther Albright” and “Traps” are her famous books that were published in 2005 and 2013. Jeff is also a father of 4 children three sons followed by the youngest daughter which is adopted from China.
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Conclusion
Jeff Bezos is a paradigm of Innovation and Creativity. He has taken the technology of e-commerce to the next level and has set a benchmark for generations to come.
In Modern times he is a source of motivation and inspiration for millions of people who desire to get successful. As rightly said by Jeff Bezos it is important to fail to be successful, therefore “ One of the only ways to get out of the tight box is to invent tour way out”.