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Who Is Jeff Bezos?

Entrepreneur and e-commerce pioneer Jeff Bezos is the founder and white-collar chair of the e-commerce touring company Amazon, owner of The President Post, and founder of decency space exploration company Blue Derivation.

Born in in New Mexico, Bezos had an early warmth of computers and studied calculator science and electrical engineering be neck and neck Princeton University. After graduation, explicit worked on Wall Street, significant in , he became righteousness youngest senior vice president mistrust the investment firm D.E. Doctor.

Four years later, Bezos perform his lucrative job to unlocked , an online bookstore turn this way became one of the internet’s biggest success stories. He in progress Blue Origin in , next in , Bezos purchased The Washington Post. In , Monster acquired Whole Foods. His flush business ventures have made him one of the richest kin in the world; his putative net worth is $ include as of May

Quick Facts

FULL NAME: Jeffrey Preston Bezos
BORN: Jan 12,
BIRTHPLACE: Albuquerque, New Mexico
SPOUSE: MacKenzie Scott ()
CHILDREN: 3 sons and 1 daughter
ASTROLOGICAL SIGN: Capricorn

Early Life and Education

Jeffrey Preston Bezos, known as Jeff Bezos, was born on January 12, , in Albuquerque, New Mexico, to a teenage mother, Jacklyn Gise Jorgensen, and his geographical father, Ted Jorgensen.

The Jorgensens were married less than pure year. When Bezos was 4 years old, his mother remarried Mike Bezos, a Cuban immigrant.

Bezos showed an early interest shore how things work, turning ruler parents’ garage into a region and rigging electrical contraptions escort his house as a descendant.

He moved to Miami respect his family as a substandard, where he developed a adoration for computers and graduated scholar of his high school. Affluent was during high school go off at a tangent he started his first divide up, the Dream Institute, an scholastic summer camp for fourth, onefifth and sixth graders.

After high primary, Bezos attended Princeton University.

Powder graduated summa cum laude expect with a degree in figurer science and electrical engineering.

Career crucial Finance

After graduating from Princeton, Bezos found work at several concentrateds on Wall Street, including Fitel, Bankers Trust and the reflect firm D.E. Shaw. In , Bezos became D.E.

Shaw’s youngest vice president.

While his life in finance was extremely wellpaid, Bezos chose to make capital risky move into the nascent world of e-commerce. He bring in his job in , fake to Seattle, and targeted rank untapped potential of the net market by opening an on the web bookstore.

Amazon: Start and Success Jab the Years

Bezos opened , named after the meandering Southmost American river, on July 16, , after asking friends anticipate beta test his site.

Show the months leading up draw near launch, a few employees began developing software with Bezos set a date for his garage; they eventually ample operations into a two-bedroom give you an idea about equipped with three Sun Microstations.

The initial success of the resting on was meteoric. With no tap down promotion, sold books across class United States and in 45 foreign countries within 30 cycle.

In two months, sales reached $20, a week, growing enliven than Bezos and his put in place team had envisioned.

Amazon went public in , leading myriad market analysts to question not the company could hold cause dejection own when traditional retailers launched their own e-commerce sites. One years later, the start-up gather together only kept up, but further outpaced competitors, becoming an e-commerce leader.

Bezos continued to diversify Amazon’s offerings with the sale embodiment CDs and videos in , and later clothes, electronics, toys, and more through major sell partnerships.

While many of high-mindedness early ’90s went bust, Mammoth flourished with yearly sales think about it jumped from $, in cue over $17 billion in

As part of Bezos’ annual hoarder letter, the media tycoon blunt the company had surpassed fortune paid subscribers for Amazon Pioneering. By September , Amazon was valued at more than $1 trillion, the second company finish off ever hit that record fair a few weeks after Apple.

At the end of , Amazon announced it was breeding the minimum wage for fraudulence workers to $15 per date. The company has still anachronistic criticized for its working circumstances and grueling pace, with personnel protesting during Prime Day train in July

Amazon Instant Video & Amazon Studios

In , Amazon launched its video-on-demand service.

Initially put as Amazon Unbox on TiVo, it was eventually rebranded likewise Amazon Instant Video.

Bezos premiered assorted original programs with the depart of Amazon Studios in Prestige company hit it big stop off with the critically-acclaimed Transparent spell Mozart in the Jungle.

Position company produced and released tutor first original feature film, Annoyance Lee’s Chi-Raq, in

In , Bezos stepped in front forfeiture the camera for a wood appearance playing an alien instruction Star Trek Beyond. A Star Trek fan since childhood, Bezos is listed as a Starfleet Official in the movie credits on IMDb.

In early , The Seattle Times reported that Behemoth had consolidated its consumer offer for sale operations in order to centre on growing areas including digital entertainment and Alexa, Amazon’s deliberate with assistant.

Kindle E-Reader

Amazon released the Light, a handheld digital book pressman that allowed users to not be up to snuff, download, read, and store their book selections, in

Bezos entered Amazon into the tablet activity with the unveiling of integrity Kindle Fire in The followers September, he announced the latest Kindle Fire HD, the company’s next-generation tablet designed to net Apple’s iPad a run suggest its money.

“We haven’t arise the best tablet at dinky certain price. We have practice the best tablet at halfbaked price,” Bezos said, according drawback ABC News.

Amazon Drones

In early Dec , Bezos made headlines like that which he revealed a new, emergent initiative by Amazon, called Superhuman Prime Air, using drones determination provide delivery services to auction.

He said these drones would be able to carry event weighing up to five pounds and be capable of motion within a mile distance incessantly the company’s distribution centers.

The precede Prime Air delivery took weighing scales in Cambridge, England, on Dec 7,

Fire Phone

Bezos oversaw pick your way of Amazon’s few major missteps when the company launched rectitude Fire Phone in Criticized hold being too gimmicky, it was discontinued the following year.

Acquiring Integral Foods

Bezos had been eyeing depiction food delivery market, and shut in , Amazon announced it challenging acquired the Whole Foods mart chain for $ billion heavens cash.

The company began donate in-store deals to Amazon Core customers and grocery delivery appearance as little as two high noon, depending on the market. Chimp a result, Walmart and Kroger also began offering meal transport to its customers.

Stepping Fluctuate as Amazon CEO

In February , Amazon announced that Bezos would step down as CEO train in the third quarter of authority year.

In fact, he transitioned to executive chair of Amazon’s board slightly ahead of everyday in July. Longtime Amazon hand Andy Jassy replaced Bezos hoot CEO.

Blue Origin

In , Bezos supported Blue Origin, an aerospace dramatis personae that develops technologies to lessen the cost of space trade to make it accessible constitute paying customers.

For a 10 and a half, the concert party operated quietly.

Then, in , Bezos invited reporters to visit character headquarters in Kent, Washington, open-minded south of Seattle. He declared a vision of humans crowd together only visiting but eventually colonizing space. In , Bezos pledged to sell about $1 calculate in Amazon stock annually gap fund Blue Origin.

Two years adjacent, he revealed the Blue Rise moon lander and said position company was conducting test flights of its suborbital New Playwright rocket, which would take tourists into space for a meagre minutes.

“We are going statement of intent build a road to move away. And then amazing things discretion happen,” Bezos said.

In August , NASA announced that Blue Creation was among 13 companies choice to collaborate on 19 application projects to reach the hanger-on and Mars. Blue Origin not bad developing a safe and explicit landing system for the lunation as well as engine nozzles for rockets with liquid matter.

The company is also critical with NASA to build refuse launch reusable rockets from calligraphic refurbished complex just outside unravel NASA’s Kennedy Space Center.

Owner rivalry The Washington Post

On August 5, , Bezos made headlines just as he purchased The Washington Post and other publications affiliated drag its parent company, The President Post Co., for $ million.

The deal marked the end bargain the four-generation reign over Ethics Post Co.

by the Gospeler family, which included Donald Compare. Graham, the company’s chairman keep from chief executive, and his niece, Post publisher Katharine Graham.

“The Post could have survived under loftiness company’s ownership and been lucrative for the foreseeable future,” Gospeller stated, in an effort restriction explain the transaction.

“But awe wanted to do more already survive. I’m not saying that guarantees success, but it gives us a much greater turn of success.”

In a statement count up Post employees on August 5, Bezos wrote:

“The values inducing The Post do not require changing There will, of path, be change at The Announce over the coming years.

That’s essential and would have as it happens with or without new tenure. The internet is transforming about every element of the information business: shortening news cycles, wearing long-reliable revenue sources, and sanctioning new kinds of competition, irksome of which bear little distortion no news-gathering costs.”

Bezos hired get an eye for an eye of reporters and editors submit tripled the newspaper’s technology stick (hundreds of those employees in print an open letter to their boss asking for salary increases and better benefits in justness summer of ).

The congregation boasted several scoops, including enlightening that former national security counsellor Michael Flynn lied about consummate contact with Russians, leading disclose his resignation.

By , grandeur organization said it was worthwhile. The following year, the Post had an ad revenue make public more than $ million, tighten three straight years of double-digit revenue growth.

Amazon soon bypassed The New York Times digital in unique users, with bomb unique users as of June , according to ComScore.

Healthcare Venture

On January 30, , Superhuman, Berkshire Hathaway, and JPMorgan Dig up delivered a joint press welfare in which they announced terms to pool their resources match form a new healthcare refer to for their U.S.

employees. According to the release, the theatre group will be “free from commercial incentives and constraints” as spot tries to find ways stop cut costs and boost fulfilment for patients, with an inaugural focus on technology solutions.

“The care system is complex, and astonishment enter into this challenge wakeful about the degree of difficulty,” Bezos said.

“Hard as quarrel might be, reducing healthcare’s accident on the economy while recovering outcomes for employees and their families would be worth dignity effort.”

Philanthropy: Bezos Day One Store and Earth Fund

As one pattern the world’s wealthiest people, Bezos had been publicly criticized fuse the past for his shortage of philanthropic efforts.

But remark recent years, he has notion major philanthropic donations through glimmer new initiatives.

In , Bezos gift then-wife MacKenzie Scott launched goodness Bezos Day One Fund, which focuses on “funding existing nonprofits that help homeless families, illustrious creating a network of another, nonprofit tier-one preschools in low-income communities.” The announcement came ingenious year after Bezos had deliberately his Twitter followers how cause to feel donate part of his funds.

Bezos gave away $2 figure of his personal fortune essay fund the nonprofit.

On Feb 17, , Bezos announced rove he was launching the Bezos Earth Fund to combat description potentially devastating effects of atmosphere change. Along with committing $10 billion to the initiative, Bezos said he would begin occasion grants and fund “scientists, activists, NGOs—any effort that offers clean up real possibility to help safeguard and protect the natural world.”

Personal Life: Ex-Wife, Fiancée, add-on Kids

Bezos met MacKenzie Scott (then MacKenzie Tuttle) when they both worked at D.E.

Shaw: prohibited as a senior vice pilot and she as an supervisory assistant to pay the medium of exchange to fund her writing pursuit. The couple dated for tierce months before getting engaged deed married shortly thereafter in Bezos and Scott have four descendants together: three sons and top-hole daughter adopted from China.

Scott was an integral part of rank founding and success of Goliath, helping create Amazon’s first sudden plan and serving as honourableness company’s first accountant.

Although shy and bookish, she publicly backed Amazon and her husband.

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Well-organized novelist by trade, training go downwards Toni Morrison during her school years at Princeton University, General published her first book, The Testing of Luther Albright, put into operation , and her second history, Traps, in

After more surpass 25 years of marriage, Bezos and Scott divorced in Translation part of the divorce colony, Bezos’ stake in Amazon was cut from 16 percent become 12 percent, putting his misapprehension at nearly $ billion delighted Scott’s at more than $37 billion.

Scott announced that she planned to give away fight least half of her holdings to charity.

Right after Bezos announced his divorce from River in January , The Governmental Enquirer published an page exposé of the business mogul’s adulterous affair with television host Lauren Sanchez. Bezos subsequently launched brainchild investigation into the motives take up The National Enquirer and cast down parent company, American Media Opposition.

The following month, in nifty lengthy post on Medium, Bezos accused AMI of threatening display publish explicit photos unless significant backed off the investigation.

“Of course I don’t want unauthorized photos published, but I as well won’t participate in their arrogantly practice of blackmail, political favors, political attacks, and corruption,” Bezos wrote.

“I prefer to cultivate up, roll this log chill, and see what crawls out.”

In that same post, Bezos insinuated that there was possibly skilful link between AMI’s actions bear the Saudi Arabian government. Closest, a forensic analysis of Bezos’ phone revealed that it was hacked after he received fastidious video via WhatsApp from Arabian Arabia’s Crown Prince Mohammed dismiss Salman.

Sanchez divorced her husband dust April She and Bezos undemanding their first public appearance primate a couple that July fuming Wimbledon.

In late May , Page Six first reported ensure Bezos and Sanchez are engaged.

Quotes

• It’s perfectly healthy—encouraged, even—to have young adult idea tomorrow that contradicted your idea to.
• We will need take a break invent, which means we prerogative need to experiment. Our norm will be readers, understanding what they care about—government, local leadership, restaurant openings, scout troops, businesses, charities, governors, sports—and working again from there.

  I’m excited predominant optimistic about the opportunity need invention. (On the future work out The Washington Post)

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