Jeff Bezos Biography: AMAZON CEO Success Story & Startup Stories

Jeff Bezos Biography in English

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Jeff Bezos image
Jeff Bezos image

There is so much to learn from the biography of Jeff Bezos. He has created a unique example of success with risk. The richest man in the world, Jeff Bezos, is an American entrepreneur. He is the founder and CEO of Amazon.com, the world’s best online shop, and the Washington Post owner. He is one of the richest men in the world because of his business success. We will know the special parts of his biography today.

The total personal wealth of Jeff Bezos is over $ 196 billion – one of the highest personal wealth records in the history of the world! Let’s find out how he got to where he is today.

Birth, family and biography of Jeff Bezos

Jeff Bezos, the pioneer of e-commerce and founder of amazon.com, was born on January 12, 1964, in New Mexico, USA. Her parents are Jacqueline Giss Roggsen and Ted Jurgsen. They got divorced after only 1 year of marriage. Her mother then remarried to a man named Miguel Mike Bezos. I have been interested in computers since childhood. He also studied computer science and electrical engineering at Princeton University.

After graduation, he began working on Wall Street and in 1990 invested in the investment firm “D. E. Shaw became the youngest senior vice president in history. But 4 years later he left this lucrative job and started working for the establishment of amazon. Amazon started out as just a virtual bookshop and gradually became one of the biggest success stories in the internet world. In 2013, Bezos bought the Washington Post, one of the best magazines in the world, for 250 million.

Jeff Bezos's Early Life
Jeff Bezos’s Early Life

Jeff Bezos’s Early Life

Jeff’s mother’s name was Jacqueline Gise Jorgensin, and his birth father’s name was Ted Jorgensin. Jeff was 18 when his mother was born. His parents were married for less than a year. When Jeff was four years old, his mother married Mike Bezos, a Cuban immigrant. The mother’s new title became Jeff Bezos’ title.

jeff bezos Education qualification

Ever since he was a kid, Jeff has been fascinated by different things. At a very young age, he turned their garage into a laboratory. The house was surrounded by electronic equipment. Shortly after entering adolescence, his family moved to Miami.

Jeff Bezos broke the high school results record there. His first business started at this high school. He started an educational camp for fourth, fifth, and sixth graders called Dream Institute. After graduating from high school, he began studying computer science at the famous Princeton University in the United States.

Outstanding results in Computer Science and Electrical Engineering since 1986. After graduating from university, he worked for a number of organizations on Wall Street – notably Fitel, and the investment firm D.E.Shaw. Jeff had great success working at D.E.Shaw. In 1990, he was promoted to the position of the youngest senior vice president in the history of the firm. While working at the company, he met his wife, Mackenzie.

Despite building a great career in finance, Bezos made the risky decision to invest in e-commerce. He quit his job in 1994 and moved to Seattle to open an online book shop and enter the world of internet marketing. Internet marketing was a very uncommon subject at that time.

The greatest philosophy of life

He told a story of his life during a lecture at Princeton University in 2010. Her grandmother was very upset when she told her grandmother about smoking. Then his grandfather told him, “Jeff, one day you’ll realize that being kind is harder than being smart.” This was proved to be absolutely true in every case in his life.

mother
mother

To join the job

At the beginning of his career, Jeff worked for a telecommunications company called Fitel. That company lasted 2 years. He then had a job at the Bankers Trust. He then went to D.E. Joins an investment management firm called Shaw. It was on Wall Street.

Amazon.com Founding

Bezos started making software for his new company with a few employees in his garage. They later started working in a two-bedroom apartment and gradually launched an experimental website. On July 16, 1995, he called 300 friends for beta testing and inaugurated the site. The site is named after the multi-branched river Amazon in South America. The initial success of the company was much better than he had hoped. In the first 30 days, Amazon sold books in 45 other countries, including the United States, without any advertising in newspapers. Within two months, Amazon’s weekly sales reached  20,000. Jeff Bezos and his team themselves did not expect so much success in such a short time.

Amazon started beta testing in 1997 and started the business firmly. Many market experts thought that Amazon would not be able to sustain this success, as all companies would open such online shops for their products. But within two years, disproving their suspicions, Amazon overtook all competitors to become the number one e-commerce site.

In 1998, Bezos began selling CDs and videotapes, not limited to books. Clothing, electronics, toys and other products were then added to the list through contracts with major retailers. Where a lot of dot com sites from the 90s are extinct today; There, Amazon was able to take it to 170 billion in 10 years, starting in 1995 with an annual sales of  5 million. Whose continuity is still maintained?

In 2006, Amazon.com launched its “Video on Demand” service, which initially became known as “Amazon Unbox” – later known as “Amazon Instant Video”.

In 2007, Amazon launched their digital book reading device, the Kindle, which allows users to read, buy, download, and store books as well as read them. That same year, Bezos announced his investment in Blue Origin. Blue Origin will offer their customers the opportunity to travel in space for a fee.

Bezos entered the tab market in 2001 with the release of the Kindle Fire. The following September, he announced the new Kindle Fire HD, which was designed to compete with Apple’s iPad.

Amazon.com Founding
Amazon.com Founding

The name Amazon did not come in a day

Amazon.com but Amazon.com didn’t happen overnight. I mean, when Jeff first started working on the idea of ​​online shopping, it wasn’t called Amazon. When it first started it was known as Cadabra or Relentless.com. It was later renamed Amazon.com. It is named after the river Amazon in South America. Orr’s logo design has an arrow from A to Z. By this Jeff meant that there are as many products as people need here.

Washington Post Purchase

On August 5, 2013, Bezos made headlines for almost every major news agency in the world, buying all the publications of the world-renowned Washington Post. He spent 25 crore US dollars to buy the company in Bengali rupees worth 2100 crore rupees! This ended the Graham family’s four generations of ownership of the Washington Post.

Donald E. Graham, the outgoing CEO of the Post, said in a statement after the sale of the magazine: But we wanted our organization to do more than just survive. I am not saying that this (sale) will definitely bring the company back to the path of success, but it has greatly increased the chances of success. ” – Graham has such confidence in the business power of Jeff Bezos.

Amazon Prime

In December 2013, Bezos resurfaced due to Amazon’s project. The name of the project is “Amazon Prime Air”. Under the project, Bezos’ company plans to use some remote-controlled drones that can accurately deliver goods to buyers.

According to Bezos, these drones can carry cargo weighing up to five pounds, and they can cover an area of ​​up to 10 miles from the company’s product marketing centre. He added that (after 2013) Prime Air could see the face of reality in four to five years.

Failure

To be a successful person, you have to experience failure. There is no such thing as a successful person who has not failed at some point in his life. There were also failures in the life of an extraordinarily successful man like Jeff Bezos.

When Amazon launched the ‘Firephone’ to hit the mobile phone market in 2014, some of the flaws in that project escaped Bezos ’attention. As a result, the product has been widely criticized for its complex user interface. The following year Amazon no longer released their phones.

Amazon Studios

Bezos has had great success in the video production business through Amazon Studios. After producing several shows in 2013, he made two hit TV shows, “Transparent” and “Mozart in the Jungle” 2014. In 2015, Amazon released their first original feature film with Spike Lee’s “Chiraq”.

In 2016, Bezos was cast as an alien in “Star Trek Beyond”. It is worth mentioning here that like many geniuses, he was also a crazy fan of Star Trek as a child.

For some time in July 2017, he surpassed Bill Gates to become the world’s richest man. But after a while, he moved to number two again. In October, he rose to number one again.

Amazon’s next thought

Jeff’s latest project is “Amazon Prime Air”, in which he is using drones to deliver his products to different countries. Although the Federal Aviation Administration (FAA) has not yet approved the issue, there are still no rules for using drones for commercial purposes. Although Jeff is very optimistic that he will be able to start this project successfully within the next few years.Not only sound education but his alertness and dedication too are most required.

Jeff was not just a good businessman. was a very generous man. One of her employees once asked her for a 1 million donations for marriage in Washington. At the time, he paid her 2.5 million. It shows how generous he was.

He is a very tough competitor in terms of competition

Jeff seems to have all the qualities that a successful person needs to have. He was a very competitive man. He offered a huge discount on his company’s products to beat his competitors. One of his closest competitors was Quidsi, who owned Diapers.com. Jeff gives him a huge discount to get him out of the market. Which completely ruined his business.

Jeff didn’t like laziness at all

Jeff bezos was very aware of his company. Bezos was very competitive minded and he didn’t like the laziness of anyone in his company at all. he was always looking for hardworking and competitive minded people for his company. He also did direct insults to his employees a lot of the time. Such as “Are you lazy or do you have no competitive mentality?”

Jeff Bezos ex-wife and children

The two met Beaz Mackenzie Tuttle while working at DE. Shaw: He is a veteran vice president and he spends his writing career as an administrative assistant to fund bills. The couple tied the knot in 1993 before being married for three months.

Mackenzie was an integral part of Amazon’s founding and success, helping to create Amazon’s first business plan and serving as the company’s first accountant. Though calm and bookish, she publicly supported Amazon and her husband. Mackenzie, a novelist who trained under Tony Morrison while at college at Princeton University, published his first book, Luther’s Albright Testing, in 2005, and his second novel, The Passenger Accompaniment, in 2013.

After more than 25 years of marriage, Jeff and Mackenzie divorced in 2019 as part of the divorce settlement, Jeff’s stake in Amazon was reduced from 16 per cent to 12 per cent, his stake rose to about 110 million and McKenzie’s more than 37 37 billion. Mackenzie announced that he planned to donate at least half of his wealth to charity. Bezos and Mackenzie have four children together: three sons and one daughter from China.

Jeff Bezos' ex-wife and children
Jeff Bezos’ ex-wife and children
Bezos is one of the richest men in history

According to Bloomberg estimates in January 2018, his total wealth was calculated at 118.8 billion – about eleven thousand two hundred million US dollars. Before him, only a handful of people in the history of the world have been able to own so much wealth.

If Bezos hadn’t risked leaving his job and the security of a secure life to start Amazon, his own life and the face of the world might have been different.The triumph of Bezos, the richest man in the world, continues. Who knows where he will stop?

Let us know what you think of Jeff Bezos’ biography. If you think Bezos’s biography can inspire others, or learn something – share the article and give everyone a chance to see it. The fighter is with you every step of the way to success.

jeff bezos net worth and monthly income

Bezos’ net worth is an estimated $ 196 billion, consistent with Forbes. He spends his fortune on land, a Gulfstream Jet, and his space exploration company. jeff Bezos net worth in Indian rupees, 8 lakh, 37 thousand, 839 crores. As harmless as they appear in numbers, they seem to be a huge, huge amount, which is why Jezz Bezos is one of the world’s richest people. Starting with the annual income, Bezos took home 1,681,840 in total compensation from Amazon in 2019, including $ 81,840 in base income and $ 1,600,000 in other compensation. He made 140,153 a month, $ 35,038 a week, $ 5,005 a day, $ 208.56 an hour, $ 3.48 a moment, and $ 0.058 a second last year.

As of August 2019, both Bloomberg and Forbes estimate Bezos’ total wealth at 110 or 1.9 million times more than the income of a Central American family. In both 2018 and 2019, Forbes tops the list of the richest people in the world.

Bases have earned the 81,840 salaries on Amazon every year since 1999 and have never received a stock award. But his Amazon shares have made him a much richer man. An analysis of Bezos ’2018 stock earnings forced him to take home about  260 million a day. In July 2017, according to Bloomberg, Bezos first briefly surpassed Microsoft founder Bill Gates to become the richest man in the world, according to Bloomberg. According to Bloomberg, as of January, Bezos Gates had a previous record of 10,515 billion. In inflation-adjusted terms, however, Gates was richer than Bezos in the late 1990s. The huge fortunes of American business tycoons John Rockefeller, Andrew Carnegie and Henry Ford will also surpass Bezos’ fortunes.

Bezos Day One Fund

In 2018, Bezos launched the Bases Day One Fund, which “focuses on financing existing nonprofit organizations that help homeless families and building a network of new, nonprofit high-level preschools in low-income communities.” The announcement comes a year after Bezos asked his followers how he would donate some of his fortunes.

Bezos founded the organization with his ex-wife Mackenzie before their divorce, and he donated 2 billion of his personal fortune to nonprofit funds. As one of the richest men in the world, Bezos has been publicly criticized in the past for his lack of philanthropic efforts.

jeff bezos
jeff bezos
Healthcare Ventures

On January 30, 2018, Amazon, Berkshire Hathaway and JPMorgan Chase issued a joint press release announcing plans to provide their resources to form a new healthcare organization for their U.S. employees.

The company will be “free from incentives and barriers to profitability” as it seeks to reduce costs and increase patient satisfaction by focusing primarily on technology solutions, the statement said.

“The healthcare system is complex, and we enter into this challenge with an open eye about the level of inconvenience,” Beazz said. “As difficult as it may be, reducing the healthcare burden on the economy as well as improving the outcomes for employees and their families will be worth the effort.”

Jeff Bezos Quotes on Success

Quots-1

Your brand is what people mention you in your absence.

Quots-2

If you think that that that you simply can only do what you think it’ll do, you’ll miss out on tons of opportunities.

Quots-3

Do you need to look to the longer term and determine what to do? Because complaining isn’t a technique .

Quots-4

What is dangerous about business is that it doesn’t develop over time.

Quots-5

All we’d like to try to to is look to the longer term .

Quots – 6

This is not a test, if you recognize it’ll work.

Quots-7

No company should be familiar with being too bright, because shiny things don’t last long.

Quots-8

If you double your efforts annually , your success also will double.

Quots-9

If you’re getting to do something new, you ought to be prepared for being misunderstood by people.

Quots-10

A common question commonly asked in business is “why?” That’s an honest question. But an equally valid question is “why not”

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