Jeff Bezos

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Jeffrey Preston Bezos (born January 12, 1964) is an American internet entrepreneur, industrialist, media proprietor, and investor. He is the founder and CEO of the multi-national technology company Amazon. He is the richest person in the world according to the Forbes Real-Time Billionaires ranking.

Born in Albuquerque and raised in Houston and later Miami, Bezos graduated from Princeton University in 1986. He holds a degree in electrical engineering and computer science. He worked on Wall Street in a variety of related fields from 1986 to early 1994. Bezos founded Amazon in late 1994, on a cross-country road trip from New York City to Seattle. The company began as an online bookstore and has since expanded to a wide variety of other e-commerce products and services, including video and audio streaming, cloud computing, and artificial intelligence. It is currently the world's largest online sales company, the largest Internet company by revenue, and the world's largest provider of virtual assistants and cloud infrastructure services through its Amazon Web Services branch.

Jeff Bezos

Early life

Jeffrey Preston Jorgensen was born in Albuquerque, New Mexico on January 12, 1964, the son of Jacklyn (née Gise) and Theodore Jørgensen. His biological great-grandfather John Jørgensen immigrated to the U.S. from Holbæk in the Zealand region of Denmark in the late 19th century. At the time of his birth, his mother was a 17-year-old high school student and his father was 19. After completing high school despite challenging conditions, Jacklyn attended night school while bringing baby Jeff along. After his parents divorced, his mother married Cuban immigrant Miguel "Mike" Bezos in April 1968. Shortly after the wedding, Mike adopted four-year-old Jorgensen, whose surname was then changed to Bezos. The family moved to Houston, Texas, where Mike worked as an engineer for Exxon after he received a degree from the University of New Mexico. Bezos attended River Oaks Elementary School in Houston from fourth to sixth grade. Bezos's maternal grandfather was Lawrence Preston Gise, a regional director of the U.S. Atomic Energy Commission (AEC) in Albuquerque. Gise retired early to his family's ranch near Cotulla, Texas, where Bezos would spend many summers in his youth. Bezos would later purchase this ranch and expand it from 25,000 acres (10,117 ha) to 300,000 acres (121,406 ha). His maternal grandmother was Mattie Louise Gise (née Strait), through whom he is a cousin of country singer George Strait.

Early career

After Bezos graduated from Princeton University in 1986, he was offered jobs at Intel, Bell Labs, and Andersen Consulting, among others. He first worked at Fitel, a fintech telecommunications start-up, where he was tasked with building a network for international trade. Bezos was promoted to head of development and director of customer service thereafter. He transitioned into the banking industry when he became a product manager at Bankers Trust. He worked there from 1988 to 1990. He then joined D. E. Shaw & Co, a newly founded hedge fund with a strong emphasis on mathematical modelling in 1990 and worked there until 1994. Bezos became D. E. Shaw's fourth senior vice-president at the age of 30.

Amazon

In late 1993, Bezos decided to establish an online bookstore. He left his job at D. E. Shaw and founded Amazon in his garage on July 5, 1994, after writing its business plan on a cross-country drive from New York City to Seattle. Prior to settling on Seattle, Bezos had investigated setting up his company at an Indian reservation near San Francisco in order to avoid paying taxes. Bezos initially named his new company Cadabra but later changed the name to Amazon after the Amazon River in South America, in part because the name begins with the letter A, which is at the beginning of the alphabet. He accepted an estimated $300,000 from his parents and invested in Amazon. He warned many early investors that there was a 70% chance that Amazon would fail or go bankrupt. Although Amazon was originally an online bookstore, Bezos had always planned to expand to other products. Three years after Bezos founded Amazon, he took it public with an initial public offering (IPO). In response to critical reports from Fortune and Barron's, Bezos maintained that the growth of the Internet would overtake competition from larger book retailers such as Borders and Barnes & Noble.

In 1998, Bezos diversified into the online sale of music and video, and by the end of the year he had expanded the company's products to include a variety of other consumer goods. Bezos used the $54 million raised during the company's 1997 equity offering to finance aggressive acquisition of smaller competitors. In 2000, Bezos borrowed $2 billion from banks, as its cash balances dipped to only $350 million. In 2002, Bezos led Amazon to launch Amazon Web Services, which compiled data from weather channels and website traffic. In late 2002, rapid spending from Amazon caused it financial distress when revenues stagnated. After the company nearly went bankrupt, he closed distribution centers and laid off 14% of the Amazon workforce. In 2003, Amazon rebounded from financial instability and turned a profit of $400 million. failed verification In November 2007, Bezos launched the Amazon Kindle. According to a 2008 Time profile, Bezos wished to create a device that allowed a "flow state" in reading similar to the experience of video games. In 2013, Bezos secured a $600 million contract with the Central Intelligence Agency (CIA) on behalf of Amazon Web Services. In October of that year, Amazon was recognized as the largest online shopping retailer in the world.

Personal life

In 1992, Bezos was working for D. E. Shaw in Manhattan when he met novelist MacKenzie Tuttle, who was a research associate at the firm; the couple married a year later. In 1994, they moved across the country to Seattle, Washington, where Bezos founded Amazon.Bezos and his now ex-wife MacKenzie are the parents of four children: three sons, and one daughter adopted from China.

In March 2003, Bezos was one of three passengers in a helicopter that crashed in West Texas after the craft's tail boom hit a tree. Bezos sustained minor injuries and was discharged from a local hospital the same day.

In 2016, Bezos played a Starfleet official in the movie Star Trek Beyond, and joined the cast and crew at a San Diego Comic-Con screening. He had lobbied Paramount for the role and apropos of Alexa and his personal/professional interest in speech recognition. His one line consisted of a response to an alien in distress: "Speak Normally." In his initial discussion of the project which became Alexa with his technical advisor Greg Hart in 2011, Bezos told him that the goal was to create "the Star Trek computer." Bezos' family office Zefram LLC is named after Zefram Cochrane a character from Star Trek.

On January 9, 2019, Bezos and MacKenzie announced on Twitter their intent to divorce after a "long period" of separation. On April 4, 2019, the divorce was finalized, with Bezos keeping 75% of the couple's Amazon stock and MacKenzie getting the remaining 25% ($35.6 billion) in Amazon stock. However, Bezos would keep all of the couple's voting rights.

On February 7, 2019, Bezos published an online essay in which he accused American Media, Inc. owner David Pecker of "extortion and blackmail" for threatening to publish intimate photos of Bezos and Lauren Sánchez, if he did not stop his investigation into how his text messages and other photos had been leaked to the National Enquirer.

References

  1.  [https://en.wikipedia.org/wiki/Bloomberg_L.P. BloombergArchived from the original on March 3, 2021. Retrieved March 5, 2021.
  2. ^ Stone, Brad (February 2, 2021). [https://en.wikipedia.org/wiki/Bloomberg_Media Bloomberg MediaArchived from the original on February 3, 2021. Retrieved February 4, 2021.
  3. ^ [https://en.wikipedia.org/wiki/The_Washington_Post The Washington Post. 2009. Archived from the original on January 10, 2019. Retrieved August 17, 2013.; and Robinson (2010), p. 7.
  4. ^ [https://en.wikipedia.org/wiki/United_Press_International United Press International. January 12, 2020. Archived from the original on January 13, 2020. Retrieved June 27, 2020… Amazon.com founder Jeff Bezos in 1964 (age 56)
  5. Jump up to:a b NBC News. February 2, 2021.
  6. ^ [https://www.forbes.com/real-time-billionaires/ Forbes. Retrieved February 16,2021.
  7. ^ Analytics Insight. November 10, 2019. [https://web.archive.org/web/20191212144907/https://www.analyticsinsight.net/unveiling-business-strategy-amazon21065-2/ Archived from the original on December 12, 2019. Retrieved December 12, 2019.
  8. ^ Sheetz, Michael (January 23, 2019). [https://en.wikipedia.org/wiki/CNBC CNBCArchived from the original on November 7, 2019. Retrieved December 12, 2019.
  9. ^ [https://en.wikipedia.org/wiki/The_Irish_Times The Irish Times. March 21, 2013. Retrieved September 29, 2020.
  10. ^ Forbes. 2019. [https://web.archive.org/web/20190304180154/https://www.forbes.com/sites/kerryadolan/2019/03/04/this-is-the-richest-person-in-the-world/ Archived from the original on March 4, 2019. Retrieved March 19, 2019.