Biography of Amazon Owner Jeff Bezos? Amazon company complete information
Biography of Amazon Owner Jeff Bezos,
Life introduction-/ Career of Jeff Bezos, / How was Amazon founded? / What's Unique About the Amazon Customer? / Jeff Bezos Income? Who is the founder of Amazon? Which country is Jeff Bezos from? What does Jeff Bezos do? Who is the founder of Blue Origin?How much does Jeff Bezos earn a day?Interesting facts about Jeff Bezos?
Biography of Amazon Owner Jeff Bezos
Jeffrey Preston aka "Jeff" Bezos is a business magnate, media proprietor, owner of Amazon, investor and commercial astronaut from America, the most powerful country in the world. He was born on 12 January 1964 in Albuquerque, New Mexico. He is known as the richest business man in the world. He created the world's largest e-commerce website Amazon. Jeff" Bezos is also the founder, chairman, chief executive officer, and chairman of the Amazon.com board of Amazon.com.
When Jeff Bezos was a little older, he started working on his own farm, later he used to do some work during the summer holidays with his maternal grandfather during his youth. Bezos was engaged in mechanical work at a very young age, for which he showed very good aptitude. It is said about them that when they were small, they first tried to open their crib with a screwdriver.
Jeff Bezos's mother's name is Jackie and Mike Bezos is his (Stepfather), his mother was married in Albuquerque, New Mexico, later a year later his father got married again. When Jeff was five years old, his father married Miguel Bezos and moved to the United States. His second mother, Miguel Bezos, was from Cuba. See Wikipedia for more information.
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Career of Jeff Bezos
At the time of graduation, computer science was in demand on Wallstreet, where it was being used to track market trends. After graduating, Jeff Bezos got a job in a startup telecommunication company Fitel, where his job was to build a network for international trade management.
He was soon promoted and became the director of customer service and head of development. When the company failed to succeed after two years, Bezos ventured into banking and started working in the bankers trust, where he became the vice president. Despite having a decent job, Bezos decided to leave the bank to join a tech company where he could work on computers, which was his passion.
Bezos joined a unique Wall Street financial firm that combines the latest and cutting edge technology and investment. During this time, Jeff began dating his then-wife Mackenzie Tuttle, who is a Princeton graduate.
They were married in 1993. Bezos to D.E. had a unique culture where mathematicians and computer scientists were hired more than financiers. Bezos' career flourished in Shaw and he soon became the senior vice president.
He had achieved a secure future in the field of finance and was working in an environment that matched his nature. Soon, Bezos came across an idea that changed his life and the history of e-commerce.
How was Amazon founded?
Initially, Amazon DE was just an exciting idea to be discussed in the company's office. Shaw pioneered the use of computers and mathematical formulas to exploit market abnormality in the global stock market!
As a senior vice president, Bezos was given the task of exploring the internet for business opportunities. In 1994, the World Wide Web was new, and the e-commerce business had not developed that much. One day, Bezos found some specific statistics showing that Internet usage was increasing by 2,300 percent every year.
Bezos's connoisseur saw the untapped potential of e-commerce that had the power to rise to the heights of the sky and immediately started looking for opportunities to start a retail shopping website. They looked at the top 20 mail order businesses and reviewed which of them could sell more and deliver better on an online platform than a physical store.
Books seemed to be the perfect product for the Internet because countless books could be displayed on the website, which was not possible in the four walls of a bookstore.
Being a quick and quick decision-maker, Bezos resigned from his job and immediately moved to Los Angeles where he attended the American Bookseller's Convention to learn as much as possible about the book business. . Many big wholesalers had already put the books on the internet. Now Bezos decided to create a single location on the Internet, where book buyers can easily find different types of books and shop online from the comfort of their homes.
Bezos left his secure and well-paying job at DE Shaw to take advantage of this opportunity and start working on his business idea. During his drive from New York City to Seattle, Bezos prepared a business plan for Amazon, which was launched in his garage on July 5, 1994.
A year later, Amazon was opened to the world. Bezos's friends and 300 beta testers of Amazon were asked to promote him. Without any press, within 30 days, Amazon managed to sell books not only in 50 states but in 45 countries. Later during the same year, Amazon sold $20,000 per week.
Bezos and his team continued to work on the website, creating unique features such as 3ik one-click shopping, customer reviews, and e-mail order verification. Bezos had invested his deposits in the company and with this he also warned most investors that there is a 70% possibility that Amazon will not be able to run.
Soon his parents invested about $300,000 in
Amazon. "We weren't betting on the Internet," said his mother, "we were betting on Jeff's idea." "Over the next few years, Bezos's parents, who owned 6% of Amazon's partners, became billionaires. Three years later, Bezos made Amazon public with the first public offer i.e. IPO.
The reports of Fortune and barren were not very good about Amazon or rather they were badmouthing them. Still, Bezos was convinced that the power and reach of the Internet would defeat big book wholesalers like borders and barns and nobles. Initially Amazon was just an online book store, later it was expanded to include all kinds of products.
In 1998, music and video-related products were also included on Amazon, and by the end of the year, a variety of consumer goods were sold on the website.
$54 million was raised during a 1997 equity offering, which Bezos used to buy out the recklessly petty competition. In 2002, Bezos and his team launched Amazon Web Services, a cloud computing platform. 31767 Amazon Web services (AWS) has become an extremely important profit generating service for Amazon, crossing $10 billion in revenue in the first three months of 2020.
Within the first five years of Amazon, its customer base grew from 180,000 to 17 million. There was also a big jump in sales, from $511,000 to $1.6bn. At the end of 2002, Amazon faced financial problems, when their income had come to a standstill. The company almost went bankrupt when Bezos closed some delivery centers and reduced the number of Amazon employees by 14%. Within a year, Amazon recovered from the financial crunch and made a profit of $400 million.
Amazon had acquired the title of the world's largest online shopping retailer. From the very beginning, Bezos tried to increase his market share as quickly as possible. He did not care that it would have a negative impact on profits. When he announced that his goal was not just to make Amazon the largest book store in the world.
Rather, their intention is to make it the biggest store for any product in the world, so many people criticized Amazon for having such a big goal, while some people praised it and said that it is the most innovative business ever. strategy.
Jeff Bezos continued to increase Amazon by applying his six main principles. These principles are – customer obsession, frugality, economy, innovation, ownership, high hiring bar and a bias for action. The clothing category was added to Amazon when Amazon partnered with hundreds of brands and retailers like Nordstrom and The Gap.
Bezos had told in an interview that Amazon's vision is to become the most customer centric company in the world, that is, the customer will be placed first. Their goal is to make Amazon such an online store where people can buy anything they want and like.
healthcare venture
On January 30, 2018, Amazon, Berkshire Hathaway and JPMorgan Chase issued a joint press release announcing plans to create a new healthcare company for their US employees to pool their resources.
According to the release, the company will be "free of profit-making incentives and constraints" as it strives to find ways to reduce costs and increase satisfaction for patients, with an initial focus on technological solutions.
The healthcare system is complex, and we enter this challenge with open eyes about the degree of difficulty," Bezos said. "As difficult as it may be, reducing the health care burden on the economy while improving outcomes for employees and their families will be well worth the effort."
Not long after, the Seattle Times reported that the company was introducing more changes to Amazon, with the company consolidating its consumer retail operations to focus on Amazon, AWS, digital entertainment and other growing areas. An Amazon spokesperson confirmed the news, saying, “As part of our annual planning process, we are making head count adjustments across the company — small reductions in some locations and aggressive recruitment in many others.
In April 2018, as part of his annual shareholder letter, Bezos said that the company had passed 100 million paid subscribers for Amazon Prime. He said 2017 has been an excellent year for hardware sales, and that Amazon will continue to invest in expanding its customer base, brand and infrastructure.
Washington Post
Bezos bought The Washington Post in 2013 when it was struggling with financial problems. Under Bezos's leadership, the paper was successful in doubling its web traffic and became profitable within three years.
In September 2017, it was announced that the Washington Post had crossed the 1 million mark of paid subscribers. Bezos had a vision of using Internet marketing to target the global population of readers.
blue origin
Bezos, who was a fan of the Star Trek movie, always had a great interest in the space craft. The great success of Amazon helped Bezos to start his own space exploration company called Blue Origin.
Bezos says that he also has a dream that he can reach another planet and make arrangements there so that humans can live there comfortably. He sells some Amazon stock every year to invest in Blue Origin, which is worth about $7 billion.
Bezos (Jeff Bezos) has said that the main aim of Blue Origin is to save the earth's natural resources from being exhausted by transporting humans to other planets. He had announced for new shepherd o blue origin col space craft, will soon take humans into space by November 2018.
He had announced that the new shepherd which is a blue origin spacecraft, will soon take humans into space by November 2018. Blue Origin was looking to sell commercial spaceflight tickets for $200,000 to $300,000. In June 2021, Bezos announced that he and his brother would fly to space in Mark New Shepherd's first crewed flight.
Finally, Blue Origin created new history by completing the first human space flight on 20 July 2021. Blue Origin took four private travelers to space from the New Shepard capsule.
Passengers included Jeff Bezos, his brother Mark Bezos, Wally Funk and Oliver Damon, who crossed the Karman Line 100 kilometers up.
What's Unique About the Amazon Customer?
Centered Business In Amazon, the most focus is on customers, due to which the best customer service is available. This was clearly evident when the 2004 American Customer Satisfaction Index gave Amazon.com a score of 88, the highest customer satisfaction score for both online and offline service providers at the time.
Jeff Bezos) In his biography "the everything store", Bezos has told some things that make Amazon different from other companies. Bezos says that Amazon truly gives its customers the highest priority, puts them first, they take their plans and decisions keeping the long term in mind and are very innovative.
They claim that very few companies have all three of these quality. Most companies focus on their competition rather than the customer. Similarly, most business men spend their time in those businesses which can give profit within two or three years, and if it does not happen. So they accept defeat.
People have this thinking that by investing in something new, it is more safe and easier to follow successful competitors, but in Amazon this worn-out thinking does not work, but innovation is given the most emphasis there.
Jeff Bezos Income
Microsoft co-founder Bill Gates Biography dropped one spot from last year to second place with $90 billion, according to the magazine. At the top of the list for the first time is Jeff Bezos, the founder and CEO of Amazon. He is the first centibillion on the list with $112 billion.
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