[92] In March 2014, Bezos made his first significant change at The Washington Post and lifted the online paywall for subscribers of a number of U.S. local newspapers in Texas, Hawaii, and Minnesota. [233][234] Despite Bezos's support for an open borders policy towards immigrants, Amazon has actively marketed facial recognition software to U.S. Immigration and Customs Enforcement (ICE). [111][112], Journalist Nellie Bowles of The New York Times has described the public persona and personality of Bezos as that of "a brilliant but mysterious and coldblooded corporate titan". D-5 Road No. [222] 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. Jeff Bezos has three pieces of advice for journalists: Be riveting, be right and ask… Jeff Bezos The Washington Post. Leverage Edu helps students make career choice & university admission decisions, using simplified [60] Amazon's share price fell by 9% in response to the President's negative comments; this reduced Bezos's personal wealth by $10.7 billion. Bezos first became a millionaire in 1997 after raising $54 million through Amazon's initial public offering (IPO). [34] He first worked at Fitel, a fintech telecommunications start-up, where he was tasked with building a network for international trade. Sign up for an e-meeting with our experts and get answers to all your career-related queries! A-258, Bhishma Pitamah Marg, Block A, 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. Jeff attended River Oaks Elementary School, Houston, from fourth to … Jeff Bezos has a net worth of over US$200 billion as of September 2020. ", "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? MacKenzie Scott, the ex-wife of Amazon founder Jeff Bezos, has given Lincoln University $20 million, the largest gift from a single donor in the university’s 167 … Shaw, amongst others. [210] Bezos and his now ex-wife MacKenzie are the parents of four children: three sons, and one daughter adopted from China. He changed his major from Physics and graduated with a degree in Computer Science and Electrical Engineering from Princeton University. Category: Business & Work. 20, Marol MIDC, [232] In November 2019, when the contract was awarded to Microsoft instead, Amazon filed a lawsuit with allegations that the bidding process was biased. He described this life philosophy by stating: "When I'm 80, am I going to regret leaving Wall Street? [192] Following the report by Quartz, Amazon workers in Poland, (Germany), and Spain participated in demonstrations and labor strikes to draw attention to his growing wealth and the lack of compensation, labor rights, and satisfactory working conditions of select Amazon workers. He received Germany's 2018 Axel Springer Award for Business Innovation and Social Responsibility. Amazon CEO Jeff Bezos.MARK RALSTON/AFP via Getty ImagesAmazon founder and CEO Jeff Bezos, who turns 57 on January 12, was born in New Mexico to a teenage mother and father. By the year 2003, Amazon became a global leader in e-commerce with sales of more than 3,000 brands over a few clicks. We say we’re stubborn on vision and flexible on details.”. He holds a degree in electrical engineering and computer science. [116][117][118], Bezos was seen by some as needlessly quantitative and data-driven. ", "Jeff Bezos and MacKenzie Bezos have finalized their divorce agreement", "World's richest man Jeff Bezos divorces", "Jeff Bezos, World's Richest Person, Announces Divorce After 25 Years Of Marriage", "MacKenzie Bezos, author, philanthropist, and soon to be world's richest woman? “Life’s too short to hang out with people who aren’t resourceful.”. Jeff Bezos Education & Innovative Mindset Bezos graduated from Princeton University in 1986 with a degree in computer science and electrical engineering. From groceries to latest fashion wear and high-end gadgets, Amazon.com has become a one-stop-shop for everything. The family then moved to Houston, Texas, where Miguel became an engineer for Exxon. helping you find accommodation at the best prices. A pioneer name in the e-commerce industry, Jeff Bezos was born on 12th January 1964 in Albuquerque, New Mexico. He spent his childhood in Albuquerque, New Mexico, USA. This increase outstripped the economic development (in GDP terms) of more than 96 countries around the world. Your email address will not be published. Each one of us has got something unique enough to be successful; we believe in bringing you closer to that [205], In February 2020, Bezos purchased the Warner Estate from David Geffen for $165 million,[206][207] a record price paid for a residence in the Los Angeles area. [251][252], In January 2018, Bezos made a $33 million donation to TheDream.US, a college scholarship fund for undocumented immigrants brought to the United States as minors. Shaw in 1990 and while working there, he also met his future wife MacKenzie. What Can We Learn From The Great Personalities? [94] Throughout the early years of ownership, Bezos was accused of having a potential conflict of interest with the paper. [62] During July 2018, a number of members of the U.S. Congress called on Bezos to detail the applications of Amazon's face recognition software, Rekognition. [179] When the 2017 list was issued, Bezos's net worth was registered at $72.8 billion, adding $27.6 billion from the previous year. [73] Bezos has long expressed an interest in space travel and the development of human life in the solar system. [239][240] Saudi Arabia has denied the claim. His virtual bookstore sold its first book in July 1995 and rapidly became popular for its user-friendly interface, discounts offered as well as personalised recommendations, amongst others. Jeff bezos kids In 1999, the multi-billionaire earned his first significant award when Time identified him as Person of the Year. [147] Bezos has cited Warren Buffett (of Berkshire Hathaway), Jamie Dimon (of JPMorgan Chase), and Bob Iger (of Walt Disney) as major influences on his leadership style.[148]. He believes that work and home life are interconnected, informing and calibrating each other. In a 2010 commencement speech, Jeff told graduates that his grandfather taught him how its harder to be kind th… Bezos founded Amazon in late 1994, on a cross-country road trip from New York City to Seattle. Well at least for a day. Each one of us has got something unique enough to be successful; we believe in bringing you closer to that [212] Bezos sustained minor injuries and was discharged from a local hospital the same day. [64], Criticism of Amazon's business practices continued in September 2018 when Senator Bernie Sanders introduced the Stop Bad Employers by Zeroing Out Subsidies (Stop BEZOS) Act and accused Amazon of receiving corporate welfare. [95] Bezos and the newspaper's editorial board have dismissed accusations that he unfairly controlled the paper's content and Bezos maintains the paper's independence. A local newspaper quoted his intention "to get all people off the earth and see it turned into a huge national park". [41] He favored diverting Amazon profits back into the company in lieu of allocating it amongst shareholders in the form of dividends. How Amazon's Jeff Bezos added a record $13 billion in a single day? In October 2002, Bezos added a section of clothing sales to the website. [253] In June 2018, Bezos donated to Breakthrough Energy Ventures, a private philanthropic fund founded by Bill Gates aimed at promoting emissions-free energy. Jeff Bezos’s education history Bezos graduated from Princeton University in 1986 with a 4.2 grade point average, earning degrees in electrical engineering and … [9] He also purchased the major American newspaper The Washington Post in 2013 for $250 million, and manages many other investments through his Bezos Expeditions venture capital firm. [28] In 1986, he graduated summa cum laude from Princeton University with a 4.2 GPA and a Bachelor of Science in Engineering degree (B.S.E.) [82] He has repeatedly called for increased inter-space energy and industrial manufacturing to decrease the negative costs associated with business-related pollution. Bezos was a multi-billionaire who drove a 1996 Honda Accord. in electrical engineering and computer science; he was also a member of Phi Beta Kappa. While exploring the immense potential of the internet, Bezos was amazed by the increasing web usage which sparked his entrepreneurial imagination. [78] In May 2013, Bezos met with Richard Branson, chairman of Virgin Galactic, to discuss commercial spaceflight opportunities and strategies. From Fortune Businessperson in the year 2012 to IAF Excellence in Industry Award, the Amazon CEO achieved many milestones through his transformative business idea blended with his strive for innovation and excellence! His early interest in gadgets and the functioning of machines made him turn his parent’s garage into a laboratory. [182] He unseated Bill Gates ($90 billion) who was $6 billion ahead of Warren Buffett ($84 billion), ranked third. Who Will Win? [137][138], Bezos used what he called a "regret-minimization framework" while he worked at D. E. Shaw and again during the early years of Amazon. Leverage Edu Tower, Amazon CEO Jeff Bezos is expanding his philanthropic ventures to include a network of nonprofit preschools. [126][127][128] Since 2017, he has been portrayed by Kyle Mooney and Steve Carell on Saturday Night Live, usually as an undercutting, domineering figure. The company has upcoming plans to begin commercial suborbital human spaceflight. [172][173] A year later, Bezos entered the top ten when he increased his net worth to a total of $50.3 billion. [91] The sale closed on October 1, 2013, and Nash Holdings took control. [77] In September 2011, one of the company's unmanned prototype vehicles crashed during a short-hop test flight. This venture, later named Haven, is expected to be a partnership between Amazon, JPMorgan, and Berkshire Hathaway. He won the title of a National Merit Scholar as well as a Silver Knight Award at the end of the program. [59] Later in the month, U.S. President Donald Trump accused Amazon and Bezos, specifically of sales tax avoidance, misusing postal routes, and anti-competitive business practices. [231] Controversy over this was raised when General James Mattis accepted a headquarters tour invitation from Bezos and co-ordinated the deal through Sally Donnelly, a lobbyist who previously worked for Amazon. Jeff Bezos' Blue Origin Launches Spacecraft Higher Than Ever By The Associated Press • Jul 19, 2018 Jeff Bezos' Blue Origin rocket company shot a capsule … [26] In his graduation speech, Bezos told the audience he dreamed of the day when mankind would colonize space. ", and "Why are you ruining my life?". [142] When interviewing candidates for jobs at Amazon he has stated he considers three inquiries: can he admire the person, can the person raise the common standard, and under what circumstances could the person become exemplary. “If you double the number of experiments you do per year you’re going to double your inventiveness.”. [106][107] In 2013, Bezos Expeditions funded the recovery of two Saturn V first-stage Rocketdyne F-1 engines from the floor of the Atlantic Ocean. [41] Bezos used the $54 million raised during the company's 1997 equity offering to finance aggressive acquisition of smaller competitors. [96][97] After a surge in online readership in 2016, the paper was profitable for the first time since Bezos made the purchase in 2013. [10] At the time of his birth, his mother was a 17-year-old high school student and his father was a bike shop owner. From an early age, Jeff showcased an inherent interest in science. [215], On January 9, 2019, Bezos and MacKenzie announced on Twitter their intent to divorce after a "long period" of separation. "[67] He later said: "Bezos could play a profound role. [16] Gise retired early to his family's ranch near Cotulla, Texas, where Bezos would spend many summers in his youth. [63] Additionally, statements by the Trump administration, in favor of overturning the antitrust law known as the Paramount Decree, have been predicted to help Amazon acquire the Landmark Theaters chain. After marriage, Miguel Bezos legally adopted Jeff. D-5 Road No. [244] That same month, Janet Camarena, director of transparency initiatives at Foundation Center, was quoted by CNBC as having questions about Bezos's new fund, including the fund's structure and how exactly it will be funded. Bezos retained his interest in The Washington Post and Blue Origin, as well as voting control of the shares received by his ex-wife. [183] He is considered the first registered centi-billionaire (not adjusted for inflation). [25] He attended the Student Science Training Program at the University of Florida. Koramangala, Bengaluru, Karnataka 560034, Leverage Edu Mumbai, [113][114] His business practices projected a public image of prudence and parsimony with his own wealth and that of Amazon. [13] 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. [101] Bezos is involved in the healthcare sector, which includes investments in Unity Biotechnology, Grail, Juno Therapeutics, and ZocDoc. Amazon CEO Jeff Bezos is expanding his philanthropic ventures to include a network of nonprofit preschools. In 2016, Bezos allowed select journalists to visit, tour, and photograph his facility. [18] His relative lack of philanthropy compared to other billionaires has drawn a negative response from the public since 2016. Bezos rose to be the 5th richest person in the world hours before market close; he gained $7 billion in one hour. 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. [178] 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%. [30], 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. [208][259][260], "Bezos" redirects here. [47] 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. Tesla's chief executive officer (CEO) Elon Musk has now overtaken Jeff Bezos to become the world's richest person with a net worth of KSh 20.2 trillion. [85] Since 2016, Bezos has spoken more freely about his hopes to colonize the solar system, and has been selling $1 billion in Amazon stock each year to capitalize Blue Origin in an effort to support this endeavor. Delhi 110024, Leverage Edu Mumbai, [20], Bezos often displayed scientific interests and technological proficiency, and he once rigged an electric alarm to keep his younger siblings out of his room. Other Facts. [36][209] In 1994, they moved across the country to Seattle, Washington, where Bezos founded Amazon. During the secondary stage of Jeff Bezos education, a key milestone happened in 10th grade when he started his first business venture called the Dream Institute, an educational summer camp for the students of 4th to 6th grade. He has a sister named Christina Bezos and a brother named Mark Bezos.His family moved to Miami, Florida.