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Jeff Bezos
Jeffrey Preston Bezos (/ˈbeɪzoʊs/ BAY-zones;[2] né Jorgensen; born Jan twelve, 1964) is an associate Yankee businessperson, media businessman, investor, laptop engineer, and industrial spaceman.[3][4] he's the founder, govt chairman, and former president and CEO of Amazon. With a web price of around US$135.3 billion as of July 2022, Bezos is the second-wealthiest person in the world and was the wealthiest from 2017 to 2021 per Bloomberg's Billionaires Index and Forbes.
Bezos supported the part manufacturer and sub-orbital spacefaring services company Blue Origin in 2000. Blue Origin's New Shepard vehicle reached the area in 2015, and afterward with success landed back on Earth. He conjointly purchased the most important Yankee newspaper The Washington Post in 2013 for $250 million and manages several different investments through his risk capital firm, Bezos Expeditions. In the Gregorian calendar month 2021, Bezos co-founded biotechnology company Altos Labs with Mail.ru founder Yuri Milner.
The first centibillionaire on the Forbes wealth index, Bezos was named the "richest man in trendy history" once his internet value inflated to $150 billion in the Gregorian calendar month 2018. In August 2020, per Forbes, he had an internet value prodigious $200 billion. In 2020 throughout the COVID-19 pandemic, his wealth grew by just about $24 billion. On July 5, 2021, Bezos stepped down because the government officer|CEO|chief operating officer|corporate executive|business executive} of Amazon and transitioned into the role of executive chairman; Andy Jassy, the chief of Amazon's cloud computing division, replaced Bezos because the chief operating officer of Amazon. On July 20, 2021, he flew to the area aboard his brother Mark. The suborbital flight lasted over ten minutes, reaching a peak altitude of sixty-six. 5 miles (107.0 km).
About Him Self:
Name: Jeff Bezos
Born: Jeffrey Preston Jorgensen January 12, 1964 (age 58) Albuquerque, New Mexico, U.S.
Years active: 1986–present
Occupation: Entrepreneurmedia . proprietor .investorcomputer engineer
Spouse(s): MacKenzie Scott (m. 1993; div. 2019)
Education: Princeton University (BSE)
Title: Founder and executive chairman of Amazon
Founder of Bezos Expeditions
Founder of Blue Origin
Relatives: Mark Bezos (half-brother)
George Strait (cousin)
Children: 4
Young Age:
Jeffrey Preston Jorgensen was born within the metropolis, New Mexico, on solar calendar month twelve, 1964, the son of Jacklyn (née Gise) and Theodore Jørgensen. At the time of Jeff's birth, his mother was a 17-year-old high school student and his father was nineteen years previous. Jørgensen had ancestry from the dominion of Danmark and was born in Chicago to a family of Baptists. once finishing high school despite troublesome conditions, Jacklyn attended faculty whereas transferred Jeff on as a baby. Jeff attended a Montessori faculty within the metropolis, Land of Enchantment once he was two years previous. once his senior citizen single, his mother married Cuban migrator Miguel "Mike" Bezos in Apr 1968. Shortly once the wedding, the transducer adopted four-year-old Jeff, whose surname was then lawfully changed from Jorgensen to Bezos.
After the electro-acoustic transducer had received his degree from the University of the latest North American nation, the family touched to Houston, Texas, so that he might begin operating as an associate engineer for Exxon. Jeff attended watercourse Oaks grammar school in Houston from fourth to sixth grade. Jeff's maternal granddaddy was Lawrence Preston Gise, a regional director of the U.S. nuclear energy Commission (AEC) in the metropolis. Lawrence retired early to his family's ranch close to Cotulla, Texas, wherever Jeff would pay several summers in his youth. Jeff would later purchase this ranch and expand it from twenty-five,000 acres (10,117 ha) to three hundred,000 acres (121,406 ha). Jeff displayed scientific interests and technological proficiency, and once square-rigged an electrical alarm to stay his younger siblings out of his space. The family touched in Miami, Florida, wherever Jeff attended Miami fan palm high school. whereas Jeff was in high school, he worked at McDonald's as an order line cook throughout the breakfast shift.
Bezos attended the coed Science educational program at the University of Everglade State. He was a high school student, a National advantage Scholar, and a Silver Knight Award winner in 1982. In his graduation speech, Bezos told the audience he was unreal of the day once human beings would colonize houses. a neighborhood newspaper quoted his intention "to get all individuals off the planet and see it became a large national park". In 1986, he graduated summa worthy from Princeton University with a four.2 touchstone and a Bachelor of Science in Engineering degree (B.S.E.) in technology and pc science; he was conjointly a member of the letter Beta letter. whereas at Princeton, Bezos was a member of the Quadrangle Club, one in all of Princeton's eleven consumption clubs. additionally, he was elected to the letter of the alphabet Beta Pi and was the president of the Princeton chapter of the scholars for the Exploration and Development of the house (SEDS).
Amazon:
In late 1993, Bezos scanned that the web was growing at a rate of 2300% a year, and set to determine a web shop. He and his then-wife, MacKenzie, left their jobs at D. E. Shaw and based Amazon during a rented garage in Bellevue on Gregorian calendar month five, 1994, once writing its business set up on a cross-country drive from big apple town to urban center. With Bezos at the helm associate degreed Scott taking an integral role in its operation—writing checks, keeping track of the books, and negotiating the company's initial freight contracts—the foundation was arranged for this garage-run operation to grow exponentially. Before subsiding in the urban center, Bezos had investigated putting in place his company at associate degree reservation close to the urban center to avoid paying taxes. Bezos at first named his new company Cadabra however later modified the name to Amazon once the river in South America, partly as a result of the name begins with the letter A, which is at the start of the alphabet. At the time, website listings were alphabetized, thus a reputation beginning with "A" would seem sooner once customers conducted online searches. additionally, he regarded "Amazon," the name of the world's largest stream as fitting for what he hoped would become the world's largest online shop. He accepted an associate degree calculable $300,000 from his oldsters and endowed in Amazon He warned several early investors that there was a seventieth probability that Amazon would fail or go bankrupt. though Amazon was originally a web shop, Bezos had continuously planned to expand to an alternative product. 3 years once Bezos based Amazon, he took it public with an associate degree in initial public giving (IPO). In response to crucial reports from Fortune and Barron's, Bezos maintained that the expansion of the web would overtake competition from larger book retailers like Borders and Barnes & Noble.
In 1998, Bezos distributed the web sale of music and video, and by the tip of the year, he had distended the company's merchandise to incorporate a spread of different goods. Bezos used the $54 million raised throughout the company's 1997 equity giving to finance the aggressive acquisition of smaller competitors. In 2000, Bezos borrowed $2 billion from banks, as its money balances unfit to solely $350 million. In 2002, Bezos diode Amazon to launch Amazon net Services, which compiled knowledge from weather channels and website traffic. In late 2002, fast defrayment from Amazon caused it monetary distress once revenues stagnated. when the corporate nearly went bankrupt, he closed distribution centers and arranged off 14 July of the Amazon workforce. In 2003, Amazon rebounded from monetary instability and turned a profit of $400 million[failed verification] In November 2007, Bezos launched the Amazon Kindle. in keeping with a 2008 Time profile, Bezos wanted to form a tool that allowed a "flow state" in reading kind of like the expertise of video games. In 2013, Bezos secured a $600-million contract with the Central Intelligence (CIA) on behalf of Amazon net Services. In the Gregorian calendar month of that year, Amazon was recognized because of the largest online looking merchant in the world.
In might 2016, Bezos sold-out slightly over a million shares of his holdings within the company for $671 million, the biggest total he had ever raised from merchandising a number of his Amazon stock. On August four, 2016, Bezos sold-out another million of his shares for $756.7 million. A year later, Bezos took on a hundred thirty,000 new workers once he ramped up hiring at company distribution centers. By day, 2018, his Amazon stock holdings had appreciated to slightly over $109 billion; months later he began to sell stock to lift money for different enterprises, especially, Blue Origin. On Gregorian calendar month twenty-nine, 2018, he was featured in Amazon's Super Bowl industrial. On February one, 2018, Amazon reported its highest ever profit with quarterly earnings of $2 billion. because of the expansion of Alibaba in China, Bezos has usually expressed interest in increasing Amazon into the Republic of India. On July 27, 2017, Bezos momentarily became the world's wealthiest person over Microsoft co-founder William Henry Gates once his calculable web price increased to simply over $90 billion. His wealth surpassed $100 billion for the primary time on November twenty-four, 2017, and he was formally selected the wealthiest person in the world by Forbes on March half-dozen, 2018, with an internet value of $112 billion.
In March 2018, Bezos sent Amit Agarwal, Amazon's world senior vice chairman, to the Republic of India with $5.5 billion to localize operations throughout the company's provide chain routes. Later within the month, U.S. President Donald Trump suspect Amazon and Bezos, specifically of nuisance tax rejection, misusing communication routes, and anti-competitive business practices. Amazon's share value fell on September 11 in response to the President's negative comments; this reduced Bezos's wealth by $10.7 billion. Weeks later, Bezos recouped his losses once educational reports out of Stanford University indicated that Trump may do very little to control Amazon in any significant approach. In July 2018, many members of the U.S. Congress referred to Bezos to detail the applications of Amazon's face recognition software system, Rekognition.
Criticism of Amazon's business practices continued in Sept 2018 once legislator Bernie Sanders introduced the Stop, unhealthy Employers, by Zeroing Out Subsidies (Stop BEZOS) Act and suspect Amazon of receiving company welfare. This followed revelations by the non-profit cluster New Food Economy that found that a common fraction of Amazon staff in Arizona, and ten percent of Amazon staff in Pennsylvania and Ohio, relied on food stamps. whereas getting ready to introduce the bill, Sanders opined: "Instead of attempting to explore Mars or head to the moon, however regarding Jeff Bezos pays his staff a living wage?" He later said: "Bezos may play a profound role. If the aforesaid nowadays, no one WHO is used at Amazon can receive but a pay, it'd send a message to each corporation in America." Sanders's efforts induced a response from Amazon that pointed to the hundred thirty,000 jobs it created in 2017 and referred to the $28,446 figure for its median pay as "misleading" because it enclosed part-time staff. However, Sanders countered that the businesses targeted by his proposal have placed AN increased target part-time staff to flee profit obligations. On Gregorian calendar month two, 2018, Bezos proclaimed a company-wide increase, that Sanders applauded. The yank staff WHO was being paid the remuneration had this increased to $15 per hour, a choice that was understood as support for the Fight for $15 movement.
In February 2021, Bezos proclaimed that within the third quarter of 2021 he would step down from his role as a chief operating officer of Amazon, to become the chief Chairman of the Amazon Board. He is replaced as a chief operating officer by Andy Jassy. On February 2, 2021, Bezos sent AN email to all or any Amazon workers, telling them the transition would provide him "the time and energy [he] need[s] to target the Day one Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and [his] different passions.
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