Amazon

Jeff Bezos – Amazon Founder CEO & Billionaire

UpJeff Bezos founded e-commerce colossus Amazon in 1994 out of his garage in Seattle. He remains CEO and owns a 16% stake.

In January, he and his wife, MacKenzie, announced they will divorce after 25 years of marriage. 

Terms of the split have not been disclosed. MacKenzie was Amazon’s first accountant. Per Washington state law, she could get up to half of Jeff’s assets, making her the richest woman on earth.

In 2018, Amazon pulled in $230 billion in revenues and a record $10 billion in net profit, up from $3 billion the prior year.

In February, Amazon announced it was canceling plans for a second headquarters in Long Island City, New York after local lawmakers opposed the plan.

Bezos owns The Washington Post and Blue Origin, an aerospace company that is developing a rocket for commercial use.

AGE : 55

SOURCE OF WEALTH : Amazon, Self Made

RESIDENCE : Seattle, Washington

CITIZENSHIP : United States

MARITAL STATUS : Separated

CHILDREN : 4

EDUCATION : Bachelor of Arts/Science, Princeton University

I didn’t think I’d regret trying and failing. And I suspected I would always be haunted by a decision to not try at all. 

Jeffrey Preston Bezos (born January 12, 1964) is an American technology entrepreneur, investor, and philanthropist. He is the founder, chairman, CEO, and president of Amazon.

Bezos was born in Albuquerque, New Mexico, and raised in Houston, Texas. He graduated from Princeton University in 1986 with degrees in electrical engineering and computer science. He worked on Wall Streetin a variety of related fields from 1986 to early 1994. He founded Amazon in late 1994 on a cross-country road trip from New York City to Seattle.

On July 27, 2017, he became the world’s wealthiest person when his estimated net worth increased to just over $90 billion. Bezos’s wealth surpassed $100 billion for the first time on November 24, 2017, and he was formally designated the wealthiest person in the world by Forbes on March 6, 2018, with a net worth of $112 billion. The first centi-billionaire on the Forbes wealth index, he was named the “richest man in modern history” after his net worth increased to $150 billion in July 2018.

List of Donations by Jeff Bezos

  1. He has funded the Bezos Center for Innovation at the Seattle Museum of History and Industry for $10 million.
  2. He also funded Bezos Center for Neural Circuit Dynamics at Princeton Neuroscience Institute for $15 million.
  3. He also donated $800,000 to Worldreader, a non-profit, founded by a former Amazon employee.
  4. In 2015, he funded the recovery of two Saturn V first-stage Rocketdyne F-1 engines from the floor of the Atlantic Ocean.
  5. On May 23, 2017, he gave $1 million to the Reporters Committee for Freedom of the Press.
  6. In January 2018, he made a $33 million donation to TheDream.US, a college scholarship fund.
  7. In September 2018, Bezos donated $10 million to With Honor, a nonpartisan organization that aims to get armed forces veterans elected to political office.

    How much did Jeff Bezos make today?

    According to the Bloomberg Billionaires Index, Bezos’ net worth on Jan. 1 was $99 billion. On May 1, it was $132 billion, meaning it rose $33 billion. If you divide that difference by the 120 days in that period, you find that he made $275 million a day.

    Who is the richest man in the world?

    Amazon founder Jeff Bezos surpassed Bill Gates in July 2017 to become not only the world’s richest man, but the richest person in the world with an estimated net worth of $112 billion, according to Forbes’s 2018 Billionaires List.

    Where Jeff Bezos live?

    Amazon billionaire Jeff Bezos maintains his home in the ultra-rich community of Medina, which he’s had since the late 1990s. Bezos also owns property in Beverly Hills, which he expanded in 2017 by buying the lot next door for a cool $12.9 million, and in DC, the former home of a textile museum.

    How do I contact Jeff Bezos?

    Customers can write to Jeff Bezos using the [email protected] email address. Amazon CEO Jeff Bezos still personally reads customer-complaint emails sent to him, even though he doesn’t reply to many of them, he said during an onstage interview Friday.

    How many Children Jeff Bezos have?

    The billionaire executive and his novelist wife have four children; one daughter, who they adopted from China, and three sons. Jeff was adopted himself at a young age by his stepfather, Cuban immigrant Miguel “Mike” Bezos, an engineer at Exxon.

    Daily News | 12 February

    Infosys co-founder NR Narayana Murthy may soon stop backing early-stage ventures. Citing unidentified sources, Top Media sources report that his investment vehicle Catamaran Ventures won’t make any fresh bets on startups, following a portfolio review in December. “The focus will now be to look at investing more in listed firms,” one of the sources said. The shift in strategy follows a change of guard at Catamaran, whose CEO Arjun Narayanswamy left to take charge of an AI firm founded by Murthy’s son Rohan. Catamaran has invested in seven startups and as many listed firms, and runs a joint venture with Amazon called Cloudtail, the biggest seller on the e-tailer.

    The spectre of angel tax continues to haunt Indian startups. According to a LocalCircles survey of over 2,500 startups and entrepreneurs, 73% have got at least one angel tax notice so far. Three in 10 startups have been slapped with three or more such notices, the study shows. Following clamour from the startup community, the government made it easier for early-stage ventures to avail tax exemptions on angel investments. But it stopped short of scrapping the tax altogether.

    Amazon has indefinitely put off its plans to buy a stake in Kishore Biyani’s Future Group, Business Standard reports, citing unidentified sources. The e-commerce giant is also re-evaluating its last year’s acquisition of Aditya Birla Group’s More, and it has suspended its inorganic expansion plans in the space. The reason? An upheaval in business caused by the government’s recent FDI norms. Amazon reportedly signed a term sheet with Future Group in August 2018 to invest nearly $700 million for a 12-15% stake.

    A parliamentary panel has given Twitter CEO Jack Dorsey time till February 25 to appear before it. Dorsey failed to show up on Monday to answer the panel’s questions around data privacy, regulatory oversight and the propagation of fake news on Twitter. The micro blogging platform blamed the “short notice” for Dorsey’s unavailability and despatched its junior representatives to the parliament. The panel didn’t engage with the representatives and said it expects to meet a senior executive from Twitter’s global management team if Dorsey doesn’t make it on February 25.

    Telcos seem to be extending the ambit of India’s porn ban to several non-porn sites.Many people are unable to access services such as Soundcloud, the messaging app Telegram’s website, proxy sites, and torrent portals, Quartz reports, citing 130 complaints crowdsourced by the Internet Freedom Foundation. Most of the grievances came from Jio and Airtel users. Blocking access could be seen as a violation of the net neutrality principle.

    Source : LinkedIn

    No more deeps discounts on e-commerce

    E-commerce business have become a part our day-to-day lives. When you’re not in the mood to brave the holiday crowd — or maybe you’re just feeling lazy — online shopping offers an easy, not to mention efficient, reprieve.

    The new directives issued by the Indian government aren’t just about how it’s going to affect Walmart’s bottom line after it’s expensive Flipkart acquisition or how either company is going to re-align its supply chain — it’s about how it’s going to affect your shopping experience come February 1, 2019, when the changes come into effect.

    Ultimately, it’s not the sellers or the e-commerce platforms that are going to bear the brunt. It’s going to be online shoppers, like you and me, who are now accustomed to deep discounts, who may end up paying the price — quite literally — at least in the short run.

    No more deep discounts

    Diwali, Holi and Christmas — even Republic Day and Independence Day — were joyous occasions with Flipkart (including its subsidiaries Jabong and Myntra) and Amazon offering huge discounts of up to 80%. Even the average rate of discounts leveled out is at somewhere around 60%.

    Those discounts may be not be around anymore. Until and unless the e-commerce giants can find a way around the new policy implemented by the Indian government, shopping online may not be as affordable.

    Source : Business Insider India