[43] Bezos was promoted to head of development and director of customer service thereafter. Followed by two sons  and then the daughter adopted from China being the youngest one. [49] In late 2002, rapid spending from Amazon caused it financial distress when revenues stagnated. At the time when he married his mother, he was a hard-drinking 18-year-old circus performer. Early Life of Jeff Bezos. He was high school valedictorian, a National Merit Scholar,[34][35] and a Silver Knight Award winner in 1982. [255][256] Saudi Arabia has denied the claim. Tech giant Amazon says that Jeff Bezos is stepping down as CEO later this year, a role he has had since he founded the company more than 25 years ago. The eldest son is Prezton who was born in the year 2000. [192] However, just months later in October 2016, his wealth increased by $16.2 billion to $66.5 billion unofficially ranking him the third richest person in the world behind Warren Buffett. [85][227], 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. [106] Throughout the early years of ownership, Bezos was accused of having a potential conflict of interest with the paper. [194], Bezos would continue to sporadically surpass Gates throughout the month of October 2017 after Amazon's share price fluctuated. If he said today, nobody who is employed at Amazon will receive less than a living wage, it would send a message to every corporation in America. [165][166], Bezos is known for creating an adversarial environment at Amazon, as well as insulting and verbally abusing his employees. [153][154], Bezos used what he called a "regret-minimization framework" while he worked at D. E. Shaw and again during the early years of Amazon. [65] On July 27, 2017, Bezos momentarily became the world's wealthiest person over Microsoft co-founder Bill Gates when his estimated net worth increased to just over $90 billion. [145][146][147] In May 2014, the International Trade Union Confederation named Bezos the "World's Worst Boss", with its general secretary Sharan Burrow saying: "Jeff Bezos represents the inhumanity of employers who are promoting the North American corporate model. He holds a degree in electrical engineering and computer science. [126][127] Journalist Mark O'Connell criticized Bezos' relentless customer focus as "very small" in terms of impact on humanity as a whole. [92] Later in November, Blue Origin's New Shepard space vehicle successfully rocketed into space and reached its planned test altitude of 329,839 feet (100.5 kilometers) before executing a vertical landing back at the launch site in West Texas. Mr Bezos founded Amazon as an online bookstore. Its vision statement comes from the inspiring Mary’s Place in Seattle: "no child sleeps outside". [84] The 18-year-old Bezos stated that he wanted to preserve Earth from overuse through resource depletion. [195] His net worth surpassed $100 billion for the first time on November 24, 2017, after Amazon's share price increased by more than 2.5%. Amazon founder Jeff Bezos has come a long way from his summer job flipping burgers at McDonald’s. ", "Jeff Bezos's Net Worth Hits Record $151 Billion After Strong Amazon 'Prime Day, "Jeff Bezos Becomes the Richest Man in Modern History, Topping $150 Billion", "Jeff Bezos Is Now the Richest Man in Modern History, Topping $150 Billion", "Jeff Bezos becomes the richest person in modern history amid Amazon Prime Day kickoff", "Is Jeff Bezos Really the Richest of Them All? [28], Bezos displayed scientific interests and technological proficiency, and once rigged an electric alarm to keep his younger siblings out of his room. Jeff and MacKenzie have four children together, three sons and a daughter they adopted from China. [citation needed], Bezos first became a millionaire in 1997 after raising $54 million through Amazon's initial public offering (IPO). "[230] Bezos' family office Zefram LLC is named after Zefram Cochrane a character from Star Trek. [238] In 2012, he donated to Amazon's political action committee (PAC),[238] which has given $56,000 and $74,500 to Democrats and Republicans, respectively. [26] Multiple opinion columnists responded by asking Bezos to pay higher wages to Amazon warehouse workers. Jassy, Bezos’ replacement, is a longtime Amazon executive, having worked at the company since 1997. [94], In December 2017, New Shepard successfully flew and landed dummy passengers, amending and pushing its human space travel start date into late 2018. [161][162] Bezos maintains the email address jeff@amazon.com[163] as an outlet for customers to reach out to him and the company. Jeff Bezos also mentioned in the interview that there was little possibility of building a successful company. [159], He meets with Amazon investors for a total of only six hours a year. [20] Shortly after the wedding, Mike adopted four-year-old Jorgensen, whose surname was then changed to Bezos. [232][233][234] 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. [50] Although Amazon was originally an online bookstore, Bezos had always planned to expand to other products. From real estate to space travel, here's how Bezos spends his money. [88] After the crash, Bezos has been superstitiously wearing his "lucky" Texas Cowboy boots to all rocket launches. He transitioned into the banking industry when he became a product manager at Bankers Trust. He received Germany's 2018 Axel Springer Award for Business Innovation and Social Responsibility. [12], 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. [238] Jeff Bezos and MacKenzie Bezos have supported the legalization of same-sex marriage, and in 2012 contributed $2.5 million to Washington United for Marriage, a group supporting a yes vote on Washington Referendum 74, which affirmed a same-sex marriage law enacted in the state. Amazon CEO Jeff Bezos. in electrical engineering and computer science; he was also a member of Phi Beta Kappa. In a 2019 Instagram post, Bezos reflected on the very first job ad he posted for the company, on August 23 1994.. [51] 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. [251], In 2019, a political action committee linked to Bezos spent over $1 million in an unsuccessful attempt to defeat activist Kshama Sawant in Seattle's city council election. Scroll down to learn more about who Jeff Bezos’ parents were, why his name was changed, and the origins of his surnames. [121][122] The engine is currently on display at the Seattle Museum of Flight. 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. He first worked at Fitel, a fintech telecommunications start-up, where he was tasked with building a network for international trade. 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 Not Concerned About Competition, Possible ULA Sale", "Jeff Bezos lifts curtain on Blue Origin rocket factory, lays out grand plan for space travel that spans hundreds of years", "Jeff Bezos says he wants to fly into space 'as soon as possible, "Later, Vader! "[76] Sanders's efforts elicited a response from Amazon which pointed to the 130,000 jobs it created in 2017 and called the $28,446 figure for its median salary "misleading" as it included part-time workers. [111][112] He also invested in Unity Biotechnology, a life-extension research firm hoping to slow or stop the process of aging. )", "America produced the largest number of billionaires in the world", "Jeff Bezos moves to top spot on Forbes' annual billionaires list", "Here's Why Jeff Bezos Is Not Truly The Richest Person in History", "Jeff Bezos Had a Record-Breaking One-Year Net Worth Jump", "Forbes Billionaires 2018: Meet The Richest People on the Planet", "Jeff Bezos world's first centibillionaire: Amazon boss' journey to beat Bill Gates to the top of Forbes list", "Jeff Bezos Is Worth $112 Billion, Overtaking Bill Gates as the Richest Man in the World", "Bezos' Billions: The Wealth of a 'Centi-Billionaire, "Jeff Bezos Is Making an Insane $230,000 a Minute Right Now", "Here's How Much Amazon CEO Jeff Bezos Would Be Worth if He Never Sold a Single Share", "Jeff Bezos is rich enough to buy many of the world's stock markets outright", "Is Jeff Bezos's Massive Wealth Becoming a Problem? [21] 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. [46][47] 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. ", "If You Invested in Amazon at Its IPO, You Could Have Been a Millionaire", "The electricity metaphor for the web's future", "How Jeff Bezos was selected for, but never joined, the Defense Innovation Board", "Bezos Jeffrey P.: Insider Trading Transactions", "Amazon posts quarterly profit of $1.9 billion, its highest ever", "Bezos is putting $1 billion a year into rocket-maker Blue Origin by selling Amazon stock", "Billionaire Jeff Bezos Will Star in Amazon's Super Bowl Ad", "Amazon posts largest profit in its history on sales, tax boost", "After losing China, Jeff Bezos really wants to win in India", "Jeff Bezos Is $1.8 Billion Richer As Amazon's Market Cap Briefly Hits $1 Trillion", "Five Things You Need to Know to Start Your Day", "Forget Zuckerberg: Why Trump Is "Obsessed" with Breaking Bezos", "The World's Richest Man Just Lost $10.7 Billion as Trump Tweets About Amazon", "Why a Trump-Led Antitrust Case Against Amazon Is a Long Shot", "Congress demands Jeff Bezos explain Amazon's face recognition software", "Amazon is trying to buy movie chain Landmark Theaters", "Bernie Sanders introduces 'Stop BEZOS Act, "Bernie Sanders introduces 'Stop BEZOS' bill to tax Amazon for underpaying workers", "Bernie Sanders's BEZOS bill takes aim at how Amazon pays workers", "Bernie Sanders targets Amazon, Walmart with 100% tax", "What the Bernie Sanders Amazon welfare fight is really about", "Amazon to raise minimum wage to $15 for all U.S. workers", "Why Amazon really raised its minimum wage to $15", "Amazon.com Announces Financial Results and CEO Transition", "Buzz in West Texas is about Jeff Bezos space craft launch site", "Jeff Bezos Owns the Web in More Ways Than You Think", "Taking the long view: Jeff Bezos, the founder and chief executive of Amazon, owes much of his success to his ability to look beyond the short-term view of things", "Unplugged: Richard Branson's otherworldly space quest", "Three Billionaires Are Racing to Space.
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