Jeff Bezos: Business Tycoon Of USA
By the end of 2021, Jeff Bezos amazon’s founder is lucky than Microsoft co-founder Bill Gates and Warren Buffett combined. The Bloomberg Billionaires Index estimates that Bezos is worth $197 billion.
Amazon Account
Amazon’s founder was in charge of a platform that account for 9% of all retail sales in the United States. And as much as 51.2 per cent of all digital retail spending in 2020.
Digitalization is changing people’s habits and cloud computing is revolutionizing businesses. So the online retail giant Amazon should continue to rise. It is bringing more good news for its founder in the form of Amazon Web Services (AWS).
e-commerce company
When Jeff Bezos presented the idea for his e-commerce company, his boss at D. E. Shaw & Co. tried to persuade him not to quit his steady job. He once told his teachers in elementary school that “the future of mankind is not on this planet.”
It’s even possible to see a list of all of Bezos’ significant projects and investments on his website, BezosExpeditions.com. Bezos’ assets don’t just focus on one or two industries or even market sectors. But instead, they represent a wide-ranging exploration of a variety of business areas and ideas. Such as cloud computing, robotics, biotechnology, and even home-blown glass.
Amazon: More than Books!
Computer science and electrical engineering are two of the tech visionary’s Princeton degrees. After graduating from college, he turned down job offers from Intel and Bell Labs to join a startup called Fitel. He then partnered with Halsey Minor, the brains behind CNET, to start a news-by-fax service. He became the young senior vice president at D. E. Shaw in just four years after his first business venture failure.
Bezos could have stayed on Wall Street for the rest of his career. If he had not been interested by the fact that Internet was growing at 2,300 per cent yearly by 1993.
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Soon after, the future CEO of Amazon conceived the concept of selling products online. He began compiling a list of 20 possible product categories.
A garage with a potbelly stove was where Amazon.com started as a book-selling platform. When Jeff Bezos founded Amazon with a $10,000 investment from himself, his wife, and two programmers, he met at Barnes & Noble for most of his meetings.
Every state in the United States and 45 countries worldwide are sold books monthly since Amazon’s launch in July 1995.
Defying the Odds
The first year of Amazon’s existence, Bezos tried to raise money by predicting $74 million in sales by 2000. And it was a far cry from the reality: $1.64 billion in sales in 1999 alone.
It took hardly a year and a half to raise $1 million in seed funding from angel investors. And after spending most of his parents’ life savings on the project.
Amazon Initial Inverstors
The first 20 or so investors in Amazon invested an average of $50,000 each for a 1% stake. If the original investors had held onto their entire stakes and never been diluted by subsequent investors. And each investment would be worth approximately $16.71 billion, representing a return of about 334,200 times. 12 Kleiner Perkins, a venture capital firm, invested $8 million in Amazon’s Series A round in June 1996.
Dot-com bubble burst
After the dot-com bubble burst, Amazon was one of the few startups to survive. Annual sales rose from $511,000 in 1995 to over $3 billion in 2001 as the platform expanded its product line and established itself as a market leader and pioneer. 1314 It was in 2013, Jeff Bezos announced Amazon Prime Air, which would use drones to deliver packages to customers, as part of the company’s revolutionary Amazon Prime subscription service. 1516
In 1998, Bezos invested in Google as well. Since the initial public offering in 2004, his $250,000 investment has grown to worth billions, but he hasn’t disclosed how much of his current stock.
Bezos purchased the Washington Post in August 2013 for $250 million.
Its audience and traffic skyrocketed in the years that followed, and in October 2015, it surpassed The New York Times in terms of US unique web viewers.
Because of Amazon’s rapid expansion, its stock price has skyrocketed. More than 450 per cent of the stock’s value was gained from January 2016 to January 2021 alone, while another 75 per cent was added from January 2020 to January 2021. As of 2021, Bezos owns approximately 11% of Amazon, making it his primary source of wealth. As part of the divorce settlement, Bezos sold more than a million of the company’s shares between 2017 and 2019. More than 70 million shares of the company’s stock were listed in the company’s 2021 annual meeting announcement.
A sum of $386 billion
In the year 2020, Amazon reported net sales of $386 billion.
Investments
Traditional investments like real estate are also significant holdings of Bezos’s. For example, he purchased a 165,000-acre Corn Ranch in Texas, which serves as the test site for the vertical-landing manned suborbital New Shepard rocket and the headquarters for his aerospace company, Blue Origin.
He has properties on both the east and west coasts of the United States. At the Century Tower in Manhattan, Jeff Bezos has a 10,000 square foot apartment that cost him under $10 million and two Beverly Hills mansions worth several million dollars each. Property values at Century Tower have risen even further, with square feet selling for between $2,000 and $3,000 per square foot due to Bezos’ New York presence. Also, in Washington state, he spent $28 million to expand the living space of his lakeside property by almost 30,000 square feet. 23
With the purchase of the South Lake Union headquarters building for $1.5 billion, Amazon became one of Seattle’s largest commercial property owners at the outset of 2012. About 2 million square feet of office space and nearly 100,000 square feet of retail space were acquired by Amazon during the acquisition. It was reported in August 2017 by the Seattle Times that Amazon had the same amount of office space as the city’s following 40 largest employers combined. 24
Donations to charitable causes
Bezos has also given generously to charity, devoting a significant portion of his fortune. In addition to the Bezos Family Foundation, Bezos has made multimillion-dollar charitable contributions to Seattle’s Museum of History & Industry and Princeton University, where he attended college. 252627
With a $33 million gift to The Dream. US in January 2018, Jeff Bezos and his ex-wife MacKenzie announced their support for young undocumented immigrants who were brought to the United States as children. A total of 1,000 DACA-eligible high school graduates in the United States will receive college scholarships due to the grant.
As a tech enthusiast, Bezos has a particular interest in media and communication services that help people connect and investments that he believes could be profitable. Bezos has invested in Twitter Inc. and the popular business news website Business Insider in the media and communications sector. Bezos has invested in two different ways to bring people together: Zocdoc Inc. and Nextdoor. 529
Bezos has invested more than $30 million in Uber, a transportation company, in the travel sector. Amazon’s major push into providing cloud computing services shows that Bezos believes strongly in the cloud. 4 However, he is interested in more than just his own business when it comes to investing. Workday Inc., a company that provides cloud-based human resources services, is one of his notable investments. 5 After Bezos invested venture capital in the company, it went public in an IPO, raising $684 million in total. 3031 Bezos has also invested in glassybaby, a company that makes glass-blown holders for votive candles, in a more traditional retail business. 32
The Ideas for Getting There
Both the 10,000-year clock and the F-1 engine retrieval project have received much attention and are considered a bit out-of-the-ordinary investments by Bezos. The project to erect a watch that will continue to tick for 10,000 years into the side of the Sierra Diablo mountain range in Texas is called the 10,000-year clock project. Each day, the clock will have a chime generator that will produce a unique chime sound. Creating 10,000 x 365 unique chimes sounds like a daunting task. Bezos argued that today’s global issues necessitate “long-term thinking” to be addressed. 5
The goal of the F-1 engine retrieval project was to recover the engines that powered the Apollo 11 lunar mission. Two F-1 engines’ worth of artefacts were recovered, allowing for the construction of impressive displays. Donated to Seattle’s Museum of Flight in 2015 were the artefacts. 33
As a result of his rising fortune, Bezos can now realize his childhood dream of founding an enterprise in outer space. In 2016, he became the first commercial company to launch a reusable rocket after committing $1 billion annually to his space exploration company, Blue Origin. 3435
Blue Origin tested the New Shepard spacecraft’s safety systems at high altitude on Jul. 18, 2018, and they were successful.
36 Blue Origin completed its first successful crewed flight on Jul. 20, 2021, with Bezos, his brother Mark, aviation pioneer Wally Funk, and Dutch student Oliver Daemen on board the New Shepard. 37
What is Jeff Bezos’ net worth?
By the Bloomberg Billionaires Index, as of Dec. 23, 2021, Jeff Bezos is worth $197 billion. The value of Amazon’s stock can significantly impact his net worth because it accounts for a large portion of his wealth. 20
Just think, how much does Jeff Bezos make in a day?
In July 2021, Vizaca estimated that Bezos earned $8.99 billion per month, or $2.25 billion per week, or $321 million per day.
Jeff Bezos owns what businesses?
Bezos also owns The Washington Post and Blue Origin, a space exploration company.
What Is Jeff Bezos’ Investment Portfolio Made Up Of?
Amazon is only one of Bezos’ many investments. He’s also an 11% shareholder in Uber, Airbnb, and Business Insider, as well as a variety of other startups.
To Sum It Up
But even though Elon Musk has overtaken Jeff Bezos as the world’s richest person in 2021. Bezos is still the second-richest person on Earth, with a net worth of $200 billion.
391 Remember that the vast majority of their wealth comes from assets that have yet to be realized. Thus, Bezos’ wealth may once again surpass that of Musk’s.
For this to happen, however, Amazon’s and Tesla’s stock prices must both rise and fall sharply. It’s not unheard of something like this to happen, even if it seems unlikely given how much money Elon Musk has made in the last year. As of mid-February, Bezos had reclaimed his title as the world’s wealthiest person after Tesla’s share price had fallen back to pre-January 2021 levels.
