Famous American entrepreneur: Jeff Bezos, founder of Amazon

Jeffrey Preston Bezos (born on January 12, 1964, also known as Jeff Bezos) is an American business giant, media owner and investor. He is Amazon Founder, executive chairman, former president and CEO of, Amazon yes Largest in the world Of Electronic Commerce and cloud computing Company. As of July 2023, Bezos has a net asset of $150 billion, making it the world's third richest person, and the richest person from 2017 to 2021. According to the Bloomberg Billionaire Index and Forbes Statistics of.

Bezos was born in Albuquerque, New Mexico, and grew up in Houston and Miami. He graduated from Princeton University in 1986. He has degrees in electrical engineering and computer science. He worked in various related fields on Wall Street from 1986 to early 1994. At the end of 1994, Bezos founded Amazon on a road trip from New York City to Seattle. The company started as an online bookstore and has since expanded to a variety of other e-commerce products and services, including video and audio streaming, cloud computing and artificial intelligence 。 It is the world's largest online sales company, the largest Internet company in terms of revenue, and the largest provider of virtual assistant and cloud infrastructure services through its Amazon network service department. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/jeffbezos.html

The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/jeffbezos.html

Bezos founded aerospace manufacturer and suborbital space flight service company in 2000 Blue Origin 。 Blue Origin's New Shepard spacecraft arrived in space in 2015 and then successfully landed back to Earth; He flew into space in 2021 on the Blue Origin NS-16. He also bought the Washington Post, a major American newspaper, for $250 million in 2013, and managed many other investments through his venture capital firm Bezos Expeditions. In September 2021, Bezos and Mail.ru founder Yuri Milner co founded Biotechnology Company Altos Labs 。 The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/jeffbezos.html

Bezos is the first billionaire on the Forbes Real Time Billionaire Index and the second person to achieve this achievement since Bill Gates in 1999. After its net assets increased to US $150 billion in July 2018, Bezos is known as "the richest person in modern history". In August 2020, Forbes reported that his net assets exceeded $200 billion. During the COVID-19 epidemic in 2020, his wealth increased by about $24 billion. On July 5, 2021, Bezos resigned as CEO and President of Amazon and became the Executive Chairman. AWS CEO Andy Jasi succeeded Bezos as Amazon's CEO and president. In September 2022, he ranked second on the Forbes 400 list, with a net worth of $151 billion. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/jeffbezos.html

Life of Jeff Bezos

Bezos was born in Albuquerque, New Mexico. Mother's ancestors were Texas colonists who built a 25000 acre (101 square kilometers or 39 square miles) ranch in Kotula from generation to generation. Bezos' grandfather was the regional director of the American Atomic Energy Commission in Albuquerque. He retired early and lived in the ranch. When he was young, Bezos would work with his grandfather in the ranch every summer. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/jeffbezos.html

In 1986, Bezos graduated from Princeton University with a GPA of 4.2 and a bachelor's degree in electrical engineering and computer science (B.S.E.). He was also a member of the Beta Kappa Honorary Society. During his stay in Princeton, Bezos was a member of the Quadrangle Club, one of the 11 catering clubs in Princeton. In addition, he was elected as a member of Tau Beta Pi and served as the chairman of Princeton University Student Space Exploration and Development Organization (SEDS). The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/jeffbezos.html

Bezos reached a divorce agreement with his ex-wife Mackenzie Bezos in 2019, giving her a 4% stake in Amazon. As a result, Mackenzie Bezos ranked 15th on the 2019 US 400 list with assets of $36.1 billion, while Bezos still ranked first on the 2019 US 400 list with assets of $114 billion. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/jeffbezos.html

Jeff Bezos and MacKenzie Bezos

On July 5, 2021, Amazon founder Bezos stepped down from his post as CEO. After leaving his post, he will continue to work in the company and serve as the executive chairman of the board of directors. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/jeffbezos.html

Jeff Bezos career

After graduating from Princeton University in 1986, Bezos worked in the computer field on Wall Street. Later, he built a network system for an international trading company, Fitel. After bank A trust company served as vice president. Soon he moved to Shaw Fund, a hedge fund. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/jeffbezos.html

Amazon

The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/jeffbezos.html

In the spring of 1994, Bezos read that the network utilization rate was growing at an annual rate of 2300%, and finally decided to establish an online bookstore. He and his then wife, MacKenzie Scott, left D E. Shaw, and founded Amazon in a rented garage in Bellevue, Washington on July 5, 1994. Previously, they wrote a business plan on the way across the country from New York City to Seattle. Under the leadership of Bezos, Scott played a key role in the operation of the company - writing checks, tracking accounts, and negotiating the company's first freight contracts - laying the foundation for the rapid growth of the garage operated company. Before settling in Seattle, Bezos considered setting up a company on an Indian reservation near San Francisco in order to avoid paying taxes. Bezos initially named his new company Cadabra, but later renamed it Amazon, taking its name from the Amazon River in South America, partly because the name begins with the letter A, which is at the beginning of the alphabet. At that time, the website list was in alphabetical order, so the names beginning with "A" would appear earlier when customers searched online. In addition, he believes that "Amazon", as the name of the world's largest river, is very suitable for him to hope to become the world's largest online bookstore. He accepted his parents' estimated investment of 300000 dollars in Amazon. He warned many early investors that Amazon had a 70% chance of failure or bankruptcy. Although Amazon was originally an online bookstore, Bezos has always planned to expand to other products. Three years after Bezos founded Amazon, he went public and made an IPO（ IPO ）。 In response to the negative reports of Fortune and Barron, Bezos insists that the growth of the Internet will surpass that of Borders Group and Barnes & Noble Competition from such large booksellers.

In 1998, Bezos set foot in online music and video sales. By the end of the year, he had expanded the company's products to include various other consumer goods. Bezos used the 54 million dollars raised by the company's equity offering in 1997 to actively acquire small competitors. In 2000, Bezos borrowed $2 billion from banks because the cash balance dropped to only $350 million. In 2002, Bezos led Amazon to launch Amazon Web Services (AWS), which compiled data from weather channels and website traffic. At the end of 2002, Amazon's rapid spending led to revenue stagnation, making the company in financial difficulties. After the company almost went bankrupt, he closed the distribution center and fired 14% of Amazon's employees. In 2003, Amazon recovered from financial instability and realized a profit of $400 million. In November 2007, Bezos launched the Amazon Kindle. According to a 2008 Time report, Bezos hopes to create a device that allows reading and playing video games similar to the "flow state". In 2013, Bezos signed a US $600 million contract with the Central Intelligence Agency (CIA) on behalf of Amazon Web Services. In October that year, Amazon was recognized as the world's largest online shopping retailer.

In May 2016, Bezos sold slightly more than one million shares of the company, obtaining a total of 671 million dollars, which is the largest amount he obtained by selling some Amazon shares. On August 4, 2016, Bezos sold another one million shares, obtaining a total of $756.7 million. One year later, Bezos increased recruitment significantly in the company's distribution center, with 130000 new employees. By January 19, 2018, the value of his Amazon stock had risen to slightly more than 109 billion dollars; A few months later, he began to sell shares to raise cash for other enterprises, especially for Blue Origin 。 On January 29, 2018, he appeared in Amazon's Super Bowl advertisement. On February 1, 2018, Amazon reported its highest profit ever, with quarterly revenue reaching $2 billion. Because of China Alibaba Bezos often expressed interest in expanding Amazon to India. On July 27, 2017, when Bezos' estimated net assets increased to just over $90 billion, he once became the richest person in the world, more than Microsoft Bill Gates, co-founder of. His wealth exceeded $100 billion for the first time on November 24, 2017. On March 6, 2018, he was officially rated as the richest person in the world by Forbes, with a net asset of $112 billion.

In March 2018, Bezos sent Amit Agarwal, Amazon's global senior vice president, to India with $5.5 billion to realize the localized operation of the company's supply chain route. Later that month, US President Donald Trump specifically accused Amazon and Bezos of evading sales tax, abusing postal routes and anti competitive business practices. As a result of the President's negative comments, Amazon's share price fell by 9%, which reduced Bezos' personal wealth by $10.7 billion. A few weeks later, when the academic report of Stanford University showed that Trump could hardly supervise Amazon in any meaningful way, Bezos saved his losses. In July 2018, some members of the US Congress called on Bezos to elaborate on Amazon's facial recognition Software Application of Rekonition.

Amazon's business behavior continued to be criticized in September 2018, when Senator Bernie Sanders launched the "Stop BEZOS Act through zero subsidy" and accused Amazon of obtaining company benefits. Previously, non-profit organizations food The disclosure of New Food Economy found that one third of Amazon's workers in Arizona and one tenth in Pennsylvania and Ohio rely on food stamps. When preparing to introduce the bill, Sanders said: "Instead of trying to explore Mars or land on the moon, why doesn't Jeff Bezos pay his workers a decent wage?" He later said: "Bezos can play a far-reaching role. If he said today that anyone who works at Amazon would get no less than the minimum living wage, he would send a message to every company in the United States. " Sanders' efforts triggered Amazon's response. The company pointed out that it created 130000 jobs in 2017, and said that its median annual salary of $28446 was "misleading" because it included part-time workers. However, Sanders countered that the companies targeted by his proposal paid more attention to part-time workers to avoid welfare obligations. On October 2, 2018, Bezos announced a salary increase across the company, which Sanders praised. The decision to increase the wages of those American workers who received the minimum wage to $15 per hour was interpreted as supporting the "fight for $15" movement.

In February 2021, Bezos announced that he would resign as CEO of Amazon in the third quarter of 2021 and become the executive chairman of Amazon's board of directors. His CEO position was replaced by Andy Jassy. On February 2, 2021, Bezos sent an email to all Amazon employees, telling them that this transition will give him "time and energy to focus on Day 1 Fund, Bezos Earth Fund, Blue Origin《 Washington Post 》And other interests. "

Details: Amazon. com

Blue Origin

In September 2000, Bezos founded Blue Origin, a human aerospace start-up. Bezos has long been interested in space travel and the development of human life in the solar system. After his 1982 high school graduation speech, he was interviewed by the Miami Herald, in which he expressed his interest in building and developing hotels, amusement parks and colonies for human beings in orbit. Bezos, 18, said that he wanted to protect the earth from excessive use through resource depletion. Rob Myerson led Blue Origin from 2003 to 2017 and served as its first president.

After its establishment, Blue Origin kept a low profile until 2006 when it purchased a large area of land in West Texas for launch and test facilities. After the company won public attention in the late 21st century, Bezos also expressed his interest in reducing the cost of human space travel while increasing the safety of space travel. In September 2011, the company's first aircraft UAV The prototype aircraft crashed during the short jump flight test. Although the crash was seen as a setback, the news media noticed how much progress the company has made in promoting space flight since its inception. After the crash, Bezos has been superstitiously wearing his "lucky" Texas cowboy boots to attend all rocket launches. In May 2013, Bezos met with Richard Branson, chairman of Virgin Galactic, to discuss commercial aerospace opportunities and strategies. He is compared with Branson and Elon Musk, because they are all billionaires who take space flight as their business interest.

In 2015, Bezos announced that it was developing a new orbital carrier rocket and would make its first flight at the end of 2010. In late November, the Blue Origin New Shepard spacecraft successfully entered space and reached the planned test altitude of 329839 feet (100.5 kilometers), and then made a vertical landing at the launch site in West Texas. In 2016, Bezos allowed selected journalists to visit, tour and photograph his facilities. He has repeatedly called for the increase of energy and industrial manufacturing in TaiSpace to reduce the negative costs associated with commercial pollution.

In December 2017, New Shepard successfully flew and landed dummy passengers, delaying the start date of its human space travel to the end of 2018. To implement this plan, Blue Origin has built six aircraft to support all test and operational phases: passenger free test flights, flights with test passengers, and commercial passenger weekly operations. Since 2016, Bezos has talked more freely about his hopes for colonizing the solar system and sold Amazon stock worth $1 billion every year to fund Blue Origin and support this effort. In May 2018, Bezos insisted that the main goal of the origin of blue is to protect the natural resources of the earth by turning humans into multi planetary species. He announced that New Shepard will launch humans into suborbital space in November 2018. In July 2018, it was reported that Bezos had set the price of commercial space travel between 200000 and 300000 dollars per person.

On July 20, 2021, he and his half brothers Mark Bezos, Wally Funk and Oliver Damen launched on the NS-16 mission. His suborbital flight lasted more than 10 minutes, reaching the highest altitude of 66.5 miles (107.0 km). His launch is better than Richard Branson's ride Virgin Galactic The launch of the unified 22 mission was nine days late.

Details: Blue Origin

The Washington Post

On August 5, 2013, at the suggestion of his friend Don Graham, Bezos announced that he would purchase the Washington Post with 250 million dollars in cash. In order to execute the sale, he established Nash Holdings, a limited liability company, as the holding company, through which he will own the newspaper. The sale was completed on October 1, 2013, and Nash Holdings obtained control. In March 2014, Bezos made his first major change to the Washington Post, and canceled the online payment of some American local newspaper subscribers in Texas, Hawaii and Minnesota. In January 2016, Bezos set out to rebuild the newspaper as a media and technology company by rebuilding its digital media, mobile platform and analysis software. After the surge of online readers in 2016, the newspaper became profitable for the first time since the acquisition of Bezos in 2013.

Details: The Washington Post

Bezos Expeditions

Bezos makes personal investment through his venture capital tool Bezos Expeditions. He is Google One of the earliest shareholders of the Company, invested 250000 US dollars in 1998. The $250000 investment earned him 3.3 million shares Google The stock will be worth about $3.1 billion by 2017. He also invested in Unity Biotechnology, a life extension research company dedicated to slowing down or stopping the aging process. Bezos is also involved in healthcare, including investment Unity Biotechnology 、 GRAIL 、 Juno Therapeutics and Zocdoc 。 In January 2018, the role of Bezos in a new, unnamed healthcare company was announced. This plan, later named Haven, is expected to be Amazon 、 JPMorgan and Berkshire Hathaway Partnership between.

Bezos also supports charity work through direct donations and non-profit projects funded by Bezos Expeditions. Bezos Expeditions has funded several charity projects, including the Innovation Center at the Seattle Museum of History and Industry, and the Bezos Center for Neural Loop Dynamics at the Princeton Institute of Neuroscience. In 2013, Bezos Expeditions funded the recovery of two Saturn V first stage Rocketdyne F-1 engines from the Atlantic seabed. They were confirmed to belong to the S-1C class of the Apollo 11 mission in July 1969. These engines are currently on display at the Seattle Flight Museum.

Altos Labs

In September 2021, Bezos and Mail.ru The founder of Altos Labs, Yuri Milner, co founded Altos Labs. Altos Labs is a biotechnology company with sufficient funds, which is committed to developing longevity drugs by using cell reprogramming. The company has employed famous scientists such as Juan Carlos Izpisua Belmont (famous for the work of recovery through reprogramming), Steve Hawass (famous for the work of epigenetic aging clock) and Shinami Yamanaka (Nobel Prize winner for reprogramming mammalian cells).

On January 19, 2022, the company broke away from the secretive mode and started with a start-up capital of 3 billion dollars. The executive team was led by Hal Barron.

Details: Altos Labs, Inc.

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