Jeff Bezos Life Journey – Must Read- How he becomes the world’s richest person
Amazon founder and CEO Jeff Bezos became the richest person in the world.
Jeffrey Preston Bezos ,born January 12, 1964 is an American technology and retail entrepreneur, investor, and philanthropist who is best known as the founder, chairman, and chief executive officer of Amazon.com, the world’s largest online shopping retailer.
The company began as an Internet merchant of books and expanded to a wide variety of products and services, most recently video streaming and audio streaming. Amazon.com is currently the world’s largest Internet sales company on the World Wide Web, as well as the world’s largest provider of cloud infrastructure services, through its Amazon Web Services arm.
Bezos’ other diversified business interests include aerospace and newspapers. He is the founder and manufacturer of Blue Origin (founded in 2000) with test flights to space which started in 2015, and plans for commercial suborbital human spaceflight beginning in 2018. In 2013, Bezos purchased The Washington Post newspaper. A number of other business investments are managed through Bezos Expeditions.
With an estimated net worth of US$91.4 billion as of July 27, 2017, Bezos is currently the richest person in the world, just in front of fellow American Bill Gates in second place.
Bezos was born as Jeffrey Preston Jorgensen in 1964 in Albuquerque, New Mexico, to Jacklyn (née Gise) and Ted Jorgensen. His maternal ancestors were settlers who lived in Texas, and over the generations acquired a 25,000-acre (101 km2 or 39 miles2) ranch near Cotulla. As of March 2015, Bezos was among the largest landholders in Texas. Bezos’s maternal grandfather was a regional director of the U.S. Atomic Energy Commission in Albuquerque. He retired early to the ranch, where Bezos spent many summers as a youth, working with him. At an early age, he displayed mechanical aptitude—as a toddler, he dismantled his crib with a screwdriver.
Bezos’s mother Jacklyn was 17 at the time of his birth and still in high school. Her marriage to Jorgensen lasted a little more than a year. In April 1968 (when Jeff was 4), she married her second husband, Miguel Bezos, a Cuban who immigrated to the United States alone when he was 15 years old. His family was originally from Villafrechós, a little town in Valladolid (Spain). Miguel Bezos worked his way through the University of New Mexico and married Jacklyn, becoming Jeff Jorgensen’s step-father, who had his surname changed to Bezos. After the wedding the family moved to Houston (Texas) and Miguel worked as an engineer for Exxon. The young Jeff attended River Oaks Elementary School in Houston from fourth to sixth grade. As a child, he spent summers working on his grandfather’s ranch in southern Texas.
Bezos often displayed scientific interests and technological proficiency; he once rigged an electric alarm to keep his younger siblings out of his room. The family moved to Miami, Florida, where he attended Miami Palmetto High School. While in high school, he attended the Student Science Training Program at the University of Florida, receiving a Silver Knight Award in 1982. He was high school valedictorian and a National Merit Scholar.
Bezos graduated Phi Beta Kappa from Princeton University with Bachelor of Science (B.S.) degrees in electrical engineering and computer science. While at Princeton, he was also elected to Tau Beta Pi. He served as the president of the Princeton chapter of the Students for the Exploration and Development of Space.
Bezos founded Amazon.com in 1994 after making a cross-country drive from New York to Seattle, writing up the Amazon business plan on the way. He initially set up the company in his garage. He had left his well-paying job at a New York City hedge fund after learning “about the rapid growth in Internet use,” which coincided with a new U.S. Supreme Court ruling that exempted mail order companies from collecting sales taxes in states where they lack a physical presence.”
Bezos is known for his attention to business details. As described by Portfolio.com, he “is at once a happy-go-lucky mogul and a notorious micromanager. … an executive who wants to know about everything from contract minutiae to how he is quoted in all Amazon press releases.”
On August 15, 2015, The New York Times wrote an article entitled “Inside Amazon: Wrestling Big Ideas in a Bruising Workplace” about Amazon’s business practices. Bezos responded to his employees with a Sunday memo claiming it did not represent the company he leads and challenged its depiction as “a soulless, dystopian workplace where no fun is had and no laughter heard”, and to contact him directly if true.