jeff bezos
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Jeff Bezos Biography: How Jeff Bezos became “Jeff Bezos”

Jeff Bezos Biography: Born on January 12, 1964, Albuquerque, New Mexico, U.S. Jeff Bezos is the richest man alive till date 30 May 2020. He played a vital role in the growth of e-commerce by introducing the world to Amazon. Jeffrey Preston Jorgensen was his actual name before his mother divorced and married Miguel Mike Bezos. At the age of four Miguel adopted him and hence carried the name, Jeff Bezos.

Jeff Bezos Early life

Jeff Bezos graduated from Princeton University in 1986 with a degree in computer science and electrical engineering. After graduating Bezos landed many job offer like Intel, Bell lab, etc. But he turned down all the offers. He started a Telecommunication startup called Fitel. In 1990 Bezos joined New York investment bank D.E Shaw & Co. Jeff Bezos became the senior vice-president and analyzed investment opportunities. With web usage growing 2000% that year a spark rose in him. He came up with an idea that revolutionized commerce. With a handful of employees, he set a book store in his garage. He developed a website and named it Amazon.

If you do build a great experience, customers tell each other about that. Word of mouth is very powerful.

-Jeff Bezos

The Amazon

Jeff Bezos with his colleague Mackenzie resigned from their previous jobs. The set up a book store in a garage. A software was developed and it was named Amazon. In 1995 the website went live. The setup became popular and 50 employees were recruited the next year. In 1998 it started selling CDs. Bezos invested in other virtual stores. This made the other book retailers and book chains to set up a virtual store. Amazon had competitors growing on the internet. So he introduced his customers to a diversified stream of products. Consumer goods, electronics, hardware became available. In 2006 Amazon introduced AWS( Amazon web services). A cloud computing service, that is largest now. IN 2007 Amazon released Kindle. The largest digital book reader. On which customers could purchase, download, and read many books. In 2010 Amazon Kindle surpassed hardcover sales. Amazon studio divisions produced tv shows and movies.

We expect all our businesses to have a positive impact on our top and bottom lines. Profitability is very important to us or we wouldn’t be in this business.

-Jeff Bezos

Jeff Bezos net worth timeline

According to Forbes

  • September 2014: $30.5 billion
  • March 2015: $34.8 billion
  • September 2015: $47 billion
  • March 2016: $45.2 billion
  • October 2016: $67 billion
  • March 2017: $72.8 billion
  • October 2017: $81.5 billion
  • March 2018: $112 billion
  • October 2018: $160 billion
  • March 2019: $131 billion
  • August 2019: $115.4 billion
  • May 2020: $147 billion

Space Travel

In 2000 Jeff Bezos introduces the Blue origin. Blue Origin set up a launchpad in Texas. Bezos planned to introduce a suborbital rocket. The first flight for New Shepard was on April 29, 2015. The spacecraft has made 11 landings. powered by 1 BE-3 engine.

Blue Origin is about to fly New Glen in 2021. It is a heavy-lift orbital launch vehicle and the design work started in 2012 and unveiled to the public in September of 2016.

There are two kinds of companies, those that work to try to charge more and those that work to charge less. We will be the second.

-Jeff Bezos

Bezos car collection

  • Bugatti Veyron Mansory ($3.4 million)
  • Ferrari Pininfarina Sergio ($3 million)
  • W Motors Lykan Hyper Sport ($3.4 million)
  • Koenigsegg CCXR Trevita ($4.8 million )
  • Lamborghini Veneno ($4.5 million)
  • $65 million Gulfstream G650ER.

Though this doesn’t come under the car collection, Jeff Bezos owns a 65 million dollar private jet.

“Be thankful for what you have; you’ll end up having more. If you concentrate on what you don’t have, you will never, ever have enough.”

-Oprah Winfrey

Conclusion

The 56-year-old Jeff Bezos moved a normal book store to the throne of e-commerce. He had visions and ideas but most importantly he took action. A self-made entrepreneur who diversified his thoughts and innovative ideas made him the richest man on earth. Under the leadership of Bezos Amazon followed a consumer-centric approach. The e-commerce platform provides its customers quality and assurance. This brings the end to JEff Bezos Biography thank you for reading.

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Karthik Balaji V

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