[143], Throughout his early years of ownership of The Washington Post, Bezos was accused of having a potential conflict of interest with the paper. [48][53][54] He warned many early investors that there was a 70% chance that Amazon would fail or go bankrupt. Amazon Bezos left D.E. Jeff Bezos 'interested in buying Seahawks', with billionaire He should pay his workers first", "If Jeff Bezos wants to help low-income people why not just pay them better? [271][272] On July 6, 2021, the Pentagon cancelled the JEDI contract with Microsoft, citing that "due to evolving requirements, increased cloud conversancy, and industry advances, the JEDI Cloud contract no longer meets its needs. [278] In March 2019, Bezos's security consultant accused the Saudi government of hacking Bezos's phone. Jeff Bezos "[273] 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). [214] According to Quartz, his net worth of $150billion in July 2018 was enough to purchase the entire stock markets of Nigeria, Hungary, Egypt, Luxembourg, and Iran. Jeff Bezos Facts [206] He is considered the first registered centi-billionaire (not adjusted for inflation). Sports media company Overtime has secured an $80 million fundraising round with investors including Jeff Bezos' investment firm, global entertainer Drake, Reddit co-founder Alexis Ohanian and several National Basketball Association players. ", "Why Trump went after Bezos: Two billionaires across a cultural divide", "9 Shocking Anecdotes That Reveal Jeff Bezos's Cutthroat Management Style", "How Jeff Bezos Became a Power Beyond Amazon", "Guess How Many Pillsbury Biscuits Jeff Bezos Used to Eat Daily", "How Amazon Got Swole Just Like CEO Jeff Bezos", "Jeff Bezos: The man who turned Amazon into an empire", "Amazon CEO Jeff Bezos stuns everyone with his macho look, Twitter users compare him with The Rock, VinDiesel", "Jeff Bezos's latest sideline has lots of people comparing him to a comic-book supervillain", "Jeff Bezos, Who Is Not A Super-Villain, Is Building A Giant Clock Inside A Mountain, Because He's NOT A Super-Villain", "On SNL, a bald Steve Carell plays Jeff Bezos and won't stop trolling Trump", "Amazon's Jeff Bezos Wins ITUC's World's Worst Boss Poll", "The Best-Performing CEOs in the World, 2019", "For Bezos, Now World's Richest, Philanthropy Is 'Saved for Later', "Amazon launches a scathing response to Times story", "Jeff Bezos responds to 'New York Times' report on Amazon's workplace", "This is the Jeff Bezos playbook for preventing Amazon's demise", "Amazon's Bezos could teach large companies a thing or two about strategy", "What Amazon's Jeff Bezos thinks about Peter Thiel and Hulk Hogan vs. Gawker", "A day in the life of the richest person in history, Jeff Bezos who made $6.44billion in one day and still washes the dishes after dinner", "This is Jeff Bezos' 3-question test for new Amazon employees", "Kevin's Week in Tech: Jeff Bezos Reminds Tech Who's Boss", "5 key business lessons from Amazon's Jeff Bezos", "What Makes Amazon CEO Jeff Bezos Such a Visionary Leader", "Jeff Bezos keeps his Amazon email address public here's why", "Amazon CEO Jeff Bezos explains his famous one-character emails, known to strike fear in manager's hearts", "Forum on Leadership: Conversation with Jeff Bezos", "Jeffrey Preston Bezos: 1999 Person of the year", "America's Best Leaders: Jeff Bezos, Amazon.com.com CEO", "April 22: Amazon.com Founder Jeff Bezos to Speak at Carnegie Mellon Business School and Computer Science Diploma Ceremonies", "Charging ahead: e-book design and popularity win Kindle creators Innovation Award", "Amazon's Jeff Bezos: The ultimate disrupter", "Jeff Bezos on nuclear reactors in space, the lack of bacon on Mars and humanity's destiny in the solar system", "National Academy of Engineering Elects 83 Members and 16 Foreign Members", "Jeff Bezos gets a kick out of winning the first Buzz Aldrin Space Innovation Award", "Jeff Bezos responded to reports of poor working conditions at Amazon here's what he said", "Jeff Bezos: The World's 100 Most Influential People", "Emmanuel Macron criticised for giving Lgion d'honneur to Jeff Bezos", "The Age When 17 Self-Made Billionaires Earned Their First Million", "Jeff Bezos' Net Worth Rises $1.4 Billion on Rumors of 3-D Amazon Smartphone", "Jeff Bezos Just Gained $7 Billion in an Hour to Become World's Fifth Richest", "The Full List of Every American Billionaire 2016", "Amazon CEO Jeff Bezos' Net Worth Hits Record High As Fortune Jumps $2.6 Billion", "Amazon CEO Jeff Bezos Is the Richest Person in the World Again", "Forbes 2017 Billionaires List: Meet The Richest People on the Planet", "Jeff Bezos Made $6.2 Billion in 5 Minutes and Became the World's Richest Person (How Was Your Thursday? That shouldn't be an issue for Bezos, who with a net worth of $117.8 billion is one of the world's wealthiest people. [119] Bezos is involved in the healthcare sector, which includes investments in Unity Biotechnology, GRAIL, Juno Therapeutics, and Zocdoc. Well, if youre Amazon founder Jeff Bezos you may just BUY that show and add it to your own streaming platform. [51] In 2000, Bezos borrowed $2 billion from banks, as its cash balances dipped to only $350million. "[81] He later said: "Bezos could play a profound role. [65] A year later, Bezos took on 130,000 new employees when he ramped up hiring at company distribution centers. [235] 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. [73] 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. [274], In 2019, a political action committee linked to Bezos spent over $1million in an unsuccessful attempt to defeat the reelection bid of Seattle city council member and activist Kshama Sawant. [307], In November 2022, Bezos granted a $100-million Courage and Civility Award to singer Dolly Parton in recognition of her charity work focused on improving children's literacy around the world. [90] Bezos has long expressed an interest in space travel and the development of human life in the Solar System. [126] They were positively identified as belonging to the Apollo 11 mission's S-1C stage from July 1969. In February 2023, Bezos was presented with the, denotes retired vehicles, engines, products, This page was last edited on 2 March 2023, at 19:21. Jeff Bezos [186] His net worth decreased to $6.1billion a year later, a 40.5% drop. [190] From 2005 to 2007, he quadrupled his net worth to $8.7billion. [b], His wealth, in 201718 terms, equaled that of 2.7million Americans. [298][299][300] Later that year, in November, Bezos announced $791M of donations to established, well-known groups, with $100M each going to Environmental Defense Fund, Natural Resources Defense Council, The Nature Conservancy, World Resources Institute and World Wildlife Fund, and the remainder going to 11 other groups. [62][263] Trump has repeatedly attacked Bezos via Twitter, accused Bezos of avoiding corporate taxes, gaining undue political influence, and undermining his presidency by spreading "fake news". What benefit would Bezos bring the league? ", "What Has Jeff Bezos Chosen to Spend His $140B On? Jeff Bezos Although he does not respond to the emails, he forwards some of them with a question mark in the subject line to executives who attempt to address the issues. [249] Public records, family history, and biographical details suggest that both were raised under some form of Christianity. [7], The company left stealth mode and launched on January 19, 2022, with a start capital of $3 billion and an executive team led by Hal Barron. Jeff Bezos ", "Amazon is celebrating its 25th birthday. 5 Things Jeff Bezos Does Other Than Work | Entrepreneur Jeff Bezos in electrical engineering and computer science; he was also a member of Phi Beta Kappa. [51], 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. Jeff Bezos [3][4] He is the founder, executive chairman, and former president and CEO of Amazon. The great American entrepreneur Jeff Bezos is the co-founder and longest-serving CEO of Amazon. Jeff Bezos is currently the world's second-richest man, so purchasing an NFL (National Football League) franchise wouldn't be too tall a task for the billionaire. Mind-boggling", "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 $1.9billion, its highest ever", "Bezos is putting $1billion 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", "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", "NBC News reports Jeff Bezos' intention to stand down as CEO of Amazon in the third quarter of 2021", "Former Blue Origin president Rob Meyerson leaves Jeff Bezos' space venture", "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. Jeff Bezos [97] In May 2013, Bezos met with Richard Branson, chairman of Virgin Galactic, to discuss commercial spaceflight opportunities and strategies. Amazon founder Jeff Bezos and music industry star Drake are investing in Overtime as part of a new $80 million round of funding for the sport startup, which is No. He was succeeded as CEO by Andy Jassy. [92][248] Bezos and MacKenzie have not disclosed their religious status. [37] 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.) [297], In February 2020, Bezos pledged $10 billion to combat climate change through the Bezos Earth Fund. Bezos affinity for the Seahawks goes back to 2019 when he attempted to woo the owners into selling the franchise to him. [296] In September 2018, Bezos donated $10million to With Honor, a nonpartisan organization that works to increase the number of veterans in political office. WNBA star Chiney Ogwumike is also an investor. Meanwhile, Rodgers insists he won't "drag'' out the decision about when and where and why and if he'll play in 2023. [169][170], Bezos first became a millionaire in 1997 after raising $54million through Amazon's initial public offering (IPO). [93], After its founding, Blue Origin maintained a low profile until 2006 when it purchased a large tract of land in West Texas for a launch and test facility. In September 2021, Bezos co-founded biotechnology company Altos Labs with Mail.ru founder Yuri Milner.[7]. [124][125] In 2013, Bezos Expeditions funded the recovery of two Saturn V first-stage Rocketdyne F-1 engines from the floor of the Atlantic Ocean. [107] In July 2018, it was announced that Bezos had priced commercial spaceflight tickets from $200,000 to $300,000 per person.[108]. Amazon founder Jeff Bezos hires investment firm to evaluate a Overtime raised $80 million in a Series C with investors including Bezos Expeditions, Drake and NBA stars including Devin Booker, Trae Young and Klay Thompson. As CBS Sports reported back in 2019, Bezos spent some time getting close with several owners back then and he had "strong support within the league" to become an owner at that point. [45][43], In late 1993, Bezos read that the Internet was growing at a rate of 2300% a year and decided to establish an online bookstore. The company also and sells apparel with its logos and branding. Whether it is his business life or fitness life, Jeff Bezos has always been the alpha of both. [132] During the 1990s, Bezos earned a reputation for relentlessly pushing Amazon forward, often at the expense of public charity and social welfare. [188] He lost $500million the following year, which brought his net worth down to $1.5billion. $3,487 is divided by 47, a fraction. [7] The company has recruited prominent scientists such as Juan Carlos Izpisa Belmonte (known for work on rejuvenation through reprogramming), Steve Horvath (known for work in epigenetic aging clocks), and Shinya Yamanaka (the Nobel Prize-winning inventor of cellular reprogramming in mammalian cells). Bezos became D. E. Shaw's fourth senior vice-president by age 30. As journalist Brad Stone revealed in his book The Everything Store, Bezos issued remarks to his employees such as "I'm sorry, did I take my stupid pills today? Jeff Bezos is a gamer if you count flying rockets into space, co-founder of Amazon-owned Twitch says. The letter demanded "Fair wages; fair benefits for retirement, family leave and health care; and a fair amount of job security. On this Wikipedia the language links are at the top of the page across from the article title. [110] To execute the sale, he established limited liability company Nash Holdings to serve as a holding company through which he would own the newspaper. A local newspaper quoted his intention "to get all people off the earth and see it turned into a huge national park". Billionaire Amazon and Washington Post Owner Jeff Bezos has reportedly come up short in his bid to buy the Washington Commanders football team. [40] In addition, he was elected to Tau Beta Pi and was the president of the Princeton chapter of the Students for the Exploration and Development of Space (SEDS). Bezos not only invested in the real estate startup's seed round in 2021, but he doubled down on that investment during the company's series A last year. [230], In February 2020, Bezos purchased the Warner Estate from David Geffen for $165 million,[231][232] a record price paid for a residence in the Los Angeles area. Bezos founded Amazon in late 1994 on a road trip from New York City to Seattle. Sign up for free newsletters and get more CNBC delivered to your inbox. During the COVID-19 pandemic, it was reported that Bezos's fortune had grown by $24 billion, citing a surge in demand from households on lockdown shopping on Amazon. [11][304][305] In November 2021, Bezos pledged to donate $2 billion towards restructuring food systems and nature conservation at the 2021 United Nations Climate Change Conference. Altos Labs is a generously funded biotechnology company dedicated to harnessing cellular reprogramming to develop longevity therapeutics. Meanwhile, Rodgers insists he won't "drag'' out the decision about when and where and why and if he'll play in 2023. Jeff Bezos will officially step down as Amazon CEO on Sunday. [19] After completing high school despite challenging conditions, Jacklyn attended night school while bringing Jeff along as a baby. WebThere is little chance that Jeff Bezos will slow down after stepping down as Amazon CEO. Jeff Bezos Billionaire Tim Koch has always loved adventure, from riding horses to exploring the Jeff Bezos (@JeffBezos) October 1, 2021 Since New Worlds launch on Tuesday , it has managed to reach a concurrent player count of over 800,000 players, Although the crash was viewed as a setback, news outlets noted how far the company went from its founding-to-date in advancing spaceflight. In September 2016, Bezos received a $250,000 prize for winning the Heinlein Prize for Advances in Space Commercialization, which he donated to the Students for the Exploration and Development of Space. WebFor the years he did pay federal income taxes between 2006 and 2018, Bezos paid a total of about $1.4 billion on a reported income of $6.5 billion, or a rate of about 21.5%. [113] In January 2016, Bezos set out to reinvent the newspaper as a media and technology company by reconstructing its digital media, mobile platforms, and analytics software. [151][bettersourceneeded] 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",[152] while in 2019, Harvard Business Review, which ranked Bezos the best-performing CEO for 4 years in a row since 2014, did not rank him even in the top 100, citing Amazon's "relatively low ESG (environment, social, and governance) scores" that reflect "risks created by working conditions and employment policies, data security, and antitrust issues. This increase outstripped the economic development (in GDP terms) of more than 96 countries around the world. This fundraise reflects the incredible growth opportunities associated with such a market leading position, including the opportunity to bring Overtime Elite into the world," said Michael Spirito, a partner at investment firm Sapphire Sport, who led the funding round. "[159] During the 1990s and early 2000s at Amazon, he was characterized as trying to quantify all aspects of running the company, often listing employees on spreadsheets and basing executive decisions on data. [43] He first worked at Fitel, a fintech telecommunications start-up, where he was tasked with building a network for international trade. On July 20, 2021, he launched on the NS-16 mission with his half-brother Mark Bezos, Wally Funk, and Oliver Daemen. Watch Blue Origin Fly 'Mannequin Skywalker' to Space and Back", "Blue Origin plans growth spurt this year", "Jeff Bezos Says He Is Selling $1 Billion a Year in Amazon Stock to Finance Race to Space", "Jeff Bezos: Blue Origin Wants to Colonize the Solar System", "Jeff Bezos: 'We will have to leave this planet and it's going to make this planet better', "Exclusive: Jeff Bezos plans to charge at least $200,000 for space", "Washington Post to be sold to Jeff Bezos", "Jeff Bezos is buying The Washington Post. [85] The American workers who were being paid the minimum wage had this increased to $15 per hour, a decision that was interpreted as support for the Fight for $15 movement. Jeff Bezos - Bald & Ballin TheAthletic.com also reports that Bezos has been prevented from bidding on the team [164] Starting in 1998, Bezos publishes an annual letter for Amazon shareholders wherein he frequently refers to five principles: focus on customers, not competitors; take risks for market leadership; facilitate staff morale; build a company culture; and empower people. Changing His Eating Habits Turned Out To Be The Biggest Change. [132][133] Journalist Mark O'Connell criticized Bezos's relentless customer focus as "very small" in terms of impact on humanity as a whole,[134] a sentiment technologist Tim O'Reilly agreed with. Cry? [162] Instead of using presentation slides, Bezos requires high-level employees to present information with six-page narratives. He worked on Wall Street in a variety of related fields from 1986 to early 1994. Born in Albuquerque and raised in Houston and Miami, Bezos graduated from Princeton University in 1986. That $250,000 investment resulted in 3.3million shares of Google stock, worth about $3.1billion in 2017. The company formally launched on July 16, 1995. Jeff Bezos Jeff Bezos But Soon, the F.A.A. [114] After a surge in online readership in 2016, the paper was profitable for the first time since Bezos made the purchase in 2013. The first centibillionaire on the Forbes wealth index,[8] Bezos was named the "richest man in modern history" after his net worth increased to $150billion in July 2018. Here's what you need to know about the sale", "The Washington Post closes sale to Amazon founder Jeff Bezos", "Jeff Bezos Makes His First Major Move at the Washington Post", "The Washington Post Is a Software Company Now", "How Jeff Bezos Reacts to 'Negative' Amazon Articles in the Washington Post", "The Story of Jeff Bezos' $250,000 Investment into Google in 1998", "New Yorker: Bezos' Initial Google Investment Was $250K in 1998 Because 'I Just Fell in Love with Larry and Sergey', "Google's co-founders and other Silicon Valley billionaires are trying to live forever", "We can learn a lot about Jeff Bezos' health strategy by looking at his investments", "Why Jeff Bezos Might Be the One to Crack the Health Care Challenge", "Amazon, Berkshire Hathaway and JPMorgan Team Up to Try to Disrupt Health Care", "Jeff Bezos Wants Ideas for Philanthropy, So He Asked Twitter", "Billionaire Bezos adds to eclectic interests", "Jeff and MacKenzie Bezos Flip the Switch on New Bezos Center for Innovation at MOHAI, Kicking Off Saturday Launch Celebration", "The Engines That Propelled Us into Space, Recovered From the Ocean Floor", "Rocket Engine Part Recovered by Amazon CEO Has Apollo 11 History", "Bezos Salvage Team Plucks Apollo Rocket Engines from Atlantic", "Apollo F-1 Engine Preview | The Museum of Flight", "As Apollo 11 moon landing anniversary nears, space fans get ready to celebrate", "Altos Labs Launches with $3B and a Focus on Reversing Disease, Aging", "The Everything Store: Jeff Bezos and the Age of Amazon", "Amazon Uses '60 Minutes' To Unveil Automated Delivery Drones", "If Jeff Bezos really wanted to rule the world, he'd pose for corny photos like he used to", "Is Jeff Bezos a Horrible Boss and Is That Good?

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