Jeff Bezos

Jeff Bezos ( / b eɪ z oʊ s / ; [5] born Jeffrey Preston Jorgensen , January 12, 1964) is an American technology and retail entrepreneur and investor. He is the founder, chairman, and chief executive officer of Amazon.com , welke has Become the world’s Toilets online shopping retailer. [6] The company Began as an Internet merchant of books and expanded to a wide variety of software and services Most recently video streaming and audio streaming. Amazon.com is Currently the world’s Toilets Internet sales site on the World Wide Web . [7]

Bezos’ other Diversified business interests include Aerospace and Newspapers . He is the founder and manufacturer or Blue Origin (founded in 2000) with test flights to space beginning in 2015 and plans for commercial suborbital human spaceflight beginning in 2018. [8] In 2013, Bezos PURCHASED The Washington Post newspaper. [9] A number of other business investments are managed through Bezos Expeditions .

Mr. Bezos Currently ranks as the 3rd Richest person in the world , with an Estimated net worth or US $ 71.8 billion as of January 2017, [10] just behind fellow Americans, investment mogul Warren Buffet second [11] , and Bill Gates in first. [12] [13]

Early life and education

Bezos was born Jeffrey Preston Jorgensen to Jacklyn (nee Giselle) and Ted Jorgensen in Albuquerque, New Mexico . [14] His maternal ancestors ulcers settlers who lived in Texas , and across the generations acquired a 25,000-acre (101 km 2 or 39 miles 2 ) ranch near Cotulla . As of March 2015 , Bezos was onder de Toilets landholders in Texas. [15] Bezos’ maternal grandfather was a regional director of the US Atomic Energy Commission in Albuquerque. He retired early to the ranch, where Bezos spent many summers as a youth, working with im. [16] At an early age, he displayed mechanical aptitude – as a toddler, he also dismantled his crib with a Screwdriver. [17]

Bezos’ mother Jacklyn was a teenager at the time of his birth. Her marriage to Jorgensen lasted a little morethan a year. In April 1968 (als Jeff was four) she married re second husband, Miguel Bezos, a Cuban who immigrated to the United States alone-when he was 15 years old. Bezos worked his way through the University of Albuquerque , married Jacklyn, and legally eerste his stepson Jeff, who changed his surname from Jorgensen to Bezos. After the wedding the family moved to Houston , Texas, and Miguel became an engineer for Exxon . The young Jeff attended River Oaks Elementary School in Houston from fourth to sixth grades. As a child, he spent summers working his grandfather’s ranch in southern Texas. [18]

Bezos of or in displayed scientific interests and technologische proficiency; he once rigged an electric alarm to keep his Younger siblings out of his room. [19] The family moved to Miami, Florida , where he attended Miami Palmetto Senior High School . While in high school, he attended the Student Science Training Program at the University of Florida , Receiving a Silver Knight Award in 1982. [20] He was high school valedictorian [21] and was a National Merit Scholar . [22]

Bezos graduated with Highest receptacles and Phi Beta Kappa from Princeton University with a Bachelor of Science in Engineering degree in electrical engineering and computer science . [23] While at Princeton, he was ook elected to Tau Beta Pi . He served as the president of the Princeton chapter of the Students for the Exploration and Development of Space . [24]

In 2016, Bezos played will a Starfleet official in the movie Star Trek Beyond . [25]

Business career

After graduating from Princeton in 1986, Bezos worked on Wall Street in the computer science field. [26] Then he worked on building a network for international trade for a company known as Fitel. [27] He next worked at Bankers Trust . [28] Later on he’ll be worked on Internet-enabled business opportunities at the hedge fund company DE Shaw & Co. [29]

Amazon.com

Bezos founded Amazon.com in 1994 after making a cross-country drive from New York to Seattle , writing up the Amazon business plan on the way. He initially set up the company in his garage. [30] He had left his “well-paying job” at a New York City hedge fund after learning “about the rapid growth in Internet use” In this housing coincided with a then-new US Supreme Court ruling holding therein mail order companies ulcers not required to collect sales taxes in states where they ‘Lack a physical presence. ” [18]

Bezos is Berninahaus for his attention to business details. If DESCRIBED at Portfolio.com, he “is at once a happy-go-lucky mogul and a Notorious micromanager ,” an executive who wants to know about everything from contract minutiae to how he is quoted in all Amazon press releases. ” [30 ]

On August 15, 2015 The New York Times wrote an article entitled “Inside Amazon: Wrestling Big Ideas in a bruising Workplace” about Amazon’s business practices and Bezos Responded to his employees with a Sunday memo [31] claiming it does not represents the company have leads and challenged zijn depiction as “a soulless, dystopian workplace where no fun is had and no laughter overheard” [32] and to contact im rechtstreeks if true.

In May 2016, Bezos sold slightly morethan one million shares of his holdings in the company for $ 671 million, making it the Toilets amount of money he had ever raised in a sale or his Amazon holdings. [33]On August 4, 2016, he sold 1,000,000 or his shares at a value of $ 756.7 Million. As of September 21, 2016, Bezos owned 80.9 million shares of Amazon stock, being 16.9% of all shares outstanding, with a market value of $ 62.1 billion. [34]

Blue Origin

Main article: Blue Origin

In 2000, Bezos founded Blue Origin , a human spaceflight startup company, [35] partially as a result of his Fascination with space travel, [36] waaronder an early interest in ontwikkelingslanden “space hotels, amusement parks, colonies and small cities for 2 million or 3 million people orbiting the Earth. ” [21] The company was Kept secret for a few years; it became Publicly Berninahaus only in 2006-when purchasing a sizable aggregation of land in west Texas for a launch and test facility. [37] In a 2011 interview, Bezos indicated therein have founded the Space company to help enable “anybody to go into space” and stated therein the company was committed to Decreasing the cost and toenemende the safety of spaceflight. [38] Blue Origin is “one or verschillende startups aiming to open up space travel to paying customers. Like Amazon, the company is secretive, but [in September 2011] revealed dat it had lost an unmanned prototype vehicle prolongation a short- hop test flight. hoewel de this was a setback, the announcement of the loss revealed for the first time just how far Blue Origin’s team had advanced. ” [36] Bezos zegt dat de crash was not the outcome dat ANY or us wanted, but we’re signed up for this to be hard. ‘ ” [36] A profile published in 2013 DESCRIBED a 1982 Miami Herald have interview watch after he was named high school class valedictorian. The 18-year-old Bezos’ zegt he wanted to build space hotels, amusement parks and colonies for 2 million or 3 million people who mention anything be in orbit. “The whole idea is to preserve the earth” he told the newspaper …. The goal was to be loveable to evacuate humans. The planet mention anything Become a park. ” [4]

In 2013, Bezos reportedly discussed commercial spaceflight opportunities and strategically with Richard Branson , multibillionaire founder of Virgin Group and President of Virgin Galactic . [39]

In 2015, Bezos remit discussed the motivation for his spaceflight-related business-when he announced a new orbital launch vehicle under development for late-2010s first flight. He indicated dat his Ambitions in Space aren’t location dependent- Mars , lunar , asteroidal , etc .- “We want to help go everywhere, [Requiring significantly lower launch costs.] Our number-one opponent is gravity. … The vision for Blue is pretty simple. We want to see millions of people living and working in space. That’s going to take a long time. I think it’s a Worthwhile goal. ” [40] In 2016, Bezos opened up the Blue rocket design and manufacturing facility to journalists for the first time, and watch uitgebreide interviews therein included an articulation of his vision for space, and for Blue Origin. Bezos sees space as being “Chock full of resources” and foresees a “Great Inversion” where there will emerge “Space commercialization dat stretches out for Hundreds of years, leading to an era-when millions of people mention anything be living and working in space.” He sees zowel energy and heavy manufacturing occurring in space, keeping the effect or Reduced pollution on Earth, in effect Reducing the probability therein something “bad happens to the Earth.” [8] Bezos has zegt dat have been Trying to change the fundamentele cost structure of acces space. [41]

On November 23, 2015, Blue Origin’s New Shepard space vehicle successfully Flew to space, reaching zijn Planned test altitude of 329.839 feet (100.5 kilometers) voordat executing a historic vertical landing back at the launch site in West Texas. [42] Blue Origin is Currently in an uitgebreide flight test program or New Shepard welke verwacht to start carrying a combination “test PASSENGERS” in 2017 and initiate commercial flights in 2018. [8] Blue is Currently building six of the vehicles to support all Phases of testing and operations, no passenger test flights, flights with test PASSENGERS, and commercial-passenger weekly operations. [43]

In June 2016, Bezos reiterated his long term goal to see nearly the all heavy-industry manufacturing factories in space as part of a wide-ranging, but rare, interview. [44] In September 2016 have added dat he hoped to colonize the solar system. [45]

The Washington Post

On August 5, 2013, Bezos announced his purchase of The Washington Post for $ 250 million in cash. Amazon.com is not to be involved. [46] “This is Uncharted terrain,” he told the newspaper, “and it will requirement expérimentation.” [46] Shortly after the announcement of intent to purchase, The Washington Post published a long-form profile of Bezos on August 10, 2013. [4] The sale closed on October 1, 2013, and Bezos’s Nash Holdings LLC took control. [47]

In March 2014, Bezos made his first significant change at The Washington Post and Lifted the online paywall for subscribers or a number of US local Newspapers waaronder The Dallas Morning News , the Honolulu Star-Advertiser , and The Minneapolis Star-Tribune . [48] Bezos revealed in 2016 dat he conducted no due diligence , a type of offset agreement , als accepting the first offer from former The Washington Post owner, Donald E. Graham . [49]

Google

Bezos was one of the first investors in Google , Investing $ 750,000 in 1998. That $ 750,000 investment resulted in 5.3 million shares of Google stock now worth about $ 4,308,900,000. [50]

Bezos Expeditions (incomplete list)

Companies dat port leg funded at least in part by Bezos Expeditions include: [51] [52]

  • Airbnb – sharing economy
  • Aviary – software (photo editing)
  • Basecamp – software (project management)
  • Behance – self-promotion network
  • Blue Origin – space travel
  • Business Insider – publishing
  • Crowdrise – for-profit Charitable giving Recruiters platform
  • Domo – software (business intelligence)
  • D-Wave Systems – quantum computing
  • Everfi [53] – technology for education
  • Finsphere [54] – software (authentication)
  • General Assembly – technological education
  • General Fusion – sustainable energy (nuclear fusion)
  • Glassybaby – supports cancer patients
  • Juno Therapeutics – cancer Biopharmaceuticals
  • Kongregate – online games
  • Linden Lab – online games ( Second Life )
  • Lookout – technology (mobile security)
  • MakerBot Industries – 3D printers
  • MFG.com – manufacturer directly marketplace
  • Next Door – localized social networking
  • Pelago – online games
  • Powerset – natural-language search engine
  • Pro.com – home services marketplace
  • Qliance – healthcare
  • Rescale – cloud computing simulations
  • Rethink Robotics [55] – manufacturing robots
  • Sapphire Energy – sustainable energy (crude oil from algae)
  • Skytap – cloud computing
  • Stack Exchange – technological publishing
  • TeachStreet – search engine to find teachers
  • Twitter – social networking
  • Uber – sharing economy
  • Vessel – subscription video service
  • Vicarious – artificial intelligence
  • WebEx – software for business
  • ZocDoc – software (healthcare Appointments)

Philanthropy

In July 2012, Bezos and his wife Personally donated $ 2.5 million to support a same-sex marriage referendum in Washington , welke successfully passed. [56]

Non-profit projects funded by Bezos Expeditions include:

  • First full-scale prototype Clock of the Long Now , designed to last 10,000 years. [15] [57] [58] – $ 42 million
  • Bezos Center for Innovation at the Seattle Museum of History and Industry – $ 10 million [59]
  • Recovery or two Saturn V first-stage Rocketdyne F-1 engines from the floor of the Atlantic Ocean. [60] Way Down ulcers is positively indicated with a reward to the Apollo 11 mission’s S-1C internship in July 2013. [61]
  • Bezos Center for Neural Circuit Dynamics at Princeton Neuroscience Institute – $ 15 million [62]
  • Bezos Family Foundation, an educational charity [63]

The foundation representation $ 10 million in 2009 and $ 20 million in 2010 to the Fred Hutchinson Cancer Research Center. [64] Bezos ook donated $ 800,000 to Worldreader , founded by a former Amazon employee. [65]

Recognition

He was named Time magazine’s Person of the Year in 1999. [66] In 2008, he was selected by US News & World Report as one of America’s best leaders. [67] Bezos was Awarded an honorary doctorate in Science and Technology from Carnegie Mellon University in 2008. In 2011, The Economist representation Bezos and Gregg Zehr an Innovation Award for the Amazon Kindle . [68]

In 2012, Bezos was named Business Person of The Year by Fortune . [69]

He is ook a member of the Bilderberg Group and attended the 2011 Bilderberg conference in St. Moritz , Switzerland, [70] and the 2013 conference in Watford, Hertfordshire, England. He was a member of the Executive Committee of The Business Council for 2011 and 2012. [71]

Volgens to Forbes , Bezos was listed in October 2016 as the third wealthiest person in the world, with an Estimated net worth or US $ 72 billion. [72] In 2014, he was ranked the best CEO in the world by Harvard Business Review . [73]

He has ook figured in Fortune’s list of fifty great leaders of the world for three straight years, topping the list in 2015.

In September 2016, Bezos was Awarded the Heinlein Prize for Advances in Space Commercialization welke earned im $ 250,000. The prize money was donated to the Students for the Exploration and Development of Space by Bezos. [74]

Criticism

Under Bezos’ direction, Amazon has leg criticized as “stingy” practices, ITT corporate giving. [65] [75]

Journalist Shawn McCoy contrasted the philanthropic practices or Amazon and Bezos with the comparatively more generous Microsoft (also based near Seattle) and fellow Billionaire Bill Gates . [76] Some found Bezos more Akin to Steve Jobs , who was skeptical of philanthropy and made few donations. [77] [78]

Bezos was named World’s Worst Boss by the International Trade Union Confederation (ITUC), at hun World Congress, in May 2014. In making the award, Sharan Burrow, General Secretary of the ITUC, said “Jeff Bezos represents the Inhumanity or employer who are promoting the American corporate model … ” [79] An article in the New York Times DESCRIBED working for Bezos and Amazon in the office as a grueling and inhumane experience with many employees regularly being terminated or quitting. [80]

Personal life

Bezos and his wife MacKenzie port four children. [4] [81] His Father Ted Jorgensen, With You in vain to contact Bezos and be acknowledged as his Father. [82]

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