Who Owns Amazon? The Success Story of the World’s Richest Man
Jeff Bezos owns Amazon and he is recognized as the richest man in the world. From humble beginnings to become the founding person of Amazon which happens to be the largest and most indispensable online store on planet earth, little did people know that he has once worked at McDonald’s and other various professional experiences.
He is one of the most important figures in hi-tech, his, is the unique story of a self-made man who has built a great success and a billionaire annuity. This is Jeff Bezos.
Jeff Bezos Origins, family and earlier Experiences
Jeffrey Preston Bezos said Jeff was born in Albuquerque, New Mexico, on January 12, 1964. He is the son of Jacklyn, a 17-year-old mother, and Ted Jorgensen.
His childhood is characterized by a situation of particular discomfort and instability and, at the age of 4, his parents separated and his mother married a young Cuban immigrant, Miguel Bezos. That’s when little Jeff acquires the last name with which he is known all over the world. The family then moved to Houston, Texas.
From an early age he showed considerable interest in technology, as well as in the operation of things more generally: he was able to disassemble his cradle with a screwdriver, because he considered it uncomfortable; Turning the garage of the house into a small laboratory, he builds simple electronic equipment, including an electrical alarm to move the younger brothers out of his room.
In Texas, he also used to spend summers at his grandfather’s ranch, one of the most important and significant figures in his life, where he learned to castrate bulls and repair windmills.
Also worth mentioning was his summer job as a teenager as a waiter at McDonald’s, an experience he considered bankrupt. It was this failure that led him to found the Dream Institute summer camp, where he taught other young people creative thinking.
His University Education and the first jobs
Extremely determined and focused on the study, Bezos graduated from Princeton University with a bachelor’s degree in computer science at just 24 years old.
He turned down numerous job offers, including Intel and Bell Labs that had found interest in his potential, as his goal was to set up his own business: he founded a startup that sends news faxes, but even this is a failed project because he does not find Lenders.
Economic needs led him to take up a job at the hedge fund company D.E. Shaw & Co. Thanks to his abilities, he became vice-president in just 4 years.
However, despite his career being launched and the financial sector safe and profitable, Jeff Bezos quit his job in 1994 with the desire to exploit the potential of the online market, in those growing years and still no man’s land.
The Birth of Amazon; History & Facts
Moving to Seattle, Bezos plans to launch an online bookstore, Cadabra, which will soon become Amazon, in homage to the Amazon. Amazon was born inside a dilapidated garage heated by a stove and a business plan written during a car trip, which planned to have no revenue for the next 5 years.
Initially a library of just 20 books, Amazon.com grows in a short time, offering a wide choice of titles, greater than any other store or retailer by mail order: in 1996 it already sells books throughout the United States and 45 other foreign countries without any promotion.
Contrary to forecasts, the choice expands to video games, movies, music albums, and even household appliances, with sales-generating up to 20,000 dollars per week.
It was listed on the stock exchange in 1997, in the NASDAQ index. The transaction led many analysts and market experts to question it because, near the new millennium and the risk of a crisis of dot-com activities, Bezos’s business was doomed to fail.
The exact opposite happens and, in addition to resisting, Amazon becomes the leader of the world e-commerce, surpassing even its competitors.
Taking advantage of its growth, Amazon continues to diversify its offerings, also distributing clothing, toys and various product categories through numerous business partnerships.
It also comes with the years to create innovative services, not always relevant to its nature of e-commerce:
•AmazonPrime, fast delivery service
•Kindle,a series of portable ebook readers
•AmazonStudios, a production company for movies and TV series
•Amazon PrimeVideo, on-demand movie and TV series service linked to Amazon Prime
•AmazonEcho, wifi voice assistant for the home
•AmazonGo, a fully automated, staff-free supermarket
Reaching a catalog of more than 500 million products, its sales are worth more than 200 billion dollars in 2018.
Curiosity about Jeff Bezos, the richest man in the world
Thanks to Amazon’s investments and success, Jeff Bezos has the opportunity to buy The Washington Post in 2013 and the Whole Foods chain in 2017. Among its activities is Blue Origin, a company that experiments with space tourism flights, which aims to include scheduled flights off the planet.
In 2017, he is the world’s richest man with a fortune of 99.7 billion dollars, surpassing bill Gates’ record, according to Forbes. In 2019 he is recognized as the richest man of the contemporary age, with a net worth of 160 billion dollars.
In the beginning, Amazon was called Cadabra. Bezos chose to change it because, according to the accent, it could be pronounced Cadaver.
The name by which it is universally known is a clear homage to the Amazon, the longest river in the world: behind this intuition the idea of making Amazon the largest company in the world.
Jeff Bezos was married to Mackenzie Tuttle on January 2019. He had four children with her.
In addition to being a well-known and esteemed entrepreneur worldwide, he is also a philanthropist. renewable energy. He is also a supporter of same-sex marriages.
A very demanding and confident manager of the potential of its market, it is also very thrifty, minimizing benefits for Amazon employees and its employees, then optimizing the time for its activities. Calculator and pragmatic, it is also related to critical thinking, frequently inviting its collaborators to discuss and make proposals.
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