Who is Jeff Bezos?
Jeff Bezos was born on July 12, 1964, in Mexico. His parents were very happy with his birth. They named their beloved son Jeff Bezos. Although he was the apple of his parents’ eyes, yet the couple was not happy and satisfied with each other. Their marriage ended in divorce when Jeff was only 3 years. At that time, Jeff’s father proved to be a very selfish father; he left his wife and son alone and went to lead an independent and luxurious life. His mother raised him alone. Jeff Bezos real name is Jeffrey Preston Bezos. His net worth is $163.5 billion. He is the Jeff richest man in the world. He was born to Jacklyn Bezos and Miguel Bezos. Ted Jorgenson is his stepfather.
Mackenzie Bezos is his one and only wife, whom he married in 1993. Jeff is the father of 4 children. His height is 1.71 m, weight is 70 kg and zodiac sign is Cancer; ethnically, he is a white, and his nationality is American. Religiously, he practices Christianity. He is a true advocate of same-sex marriages.
Since his childhood, he had been fond of electronics. At the age of 8, he installed an electronic alarm on the door of his room to stop everyone entering his room. When he was in the 4th standard, the first time he saw a computer in his school. Although in his school, no one knew how to operate it. Even his teachers did not know how to use it. Yet he quickly learned how to operate a computer. His hard work and intelligence made him a very competent and efficient computer user at a very young age. This talent led him to win various awards in his school. Later, Jeff attended the University of Princeton to get a degree of engineering in Computer Sciences. He had much affinity and attachment to books. At his home, he had made a library having a huge collection of books. He was a book worm; when a got even a single free minute, he used to read any of his books.
In 1990, he became the Vice President of a bank. In April 1994, he learned that the number of internet users is increasing by 2000%. Spontaneously, he hit upon an idea to start an online business. To practically execute and implement this thought, he left his job as a Vice President. It was the toughest decision for him because he was newly married at that time. Nevertheless, he took the drastic step, but he had nothing to start a business and to sell. After deep considerations and deliberations, he thought he has a huge collection of books that should be sold online. After 2 years of selfless efforts, he launched an online book store, named Amazon, in 1996. It was named after a huge river Amazon in South America. Later, Bezos converted his online store into the sea of books, electronics, and other accessories.
He initiated his Amazon from the three computers kept in his garage. While giving him $300,000, his stepfather asked his mother what is the internet? His mother told his father, that we are not investing the money on the internet but on the belief of our son. His parents were the 6 percent shareholders of the company. In the year 2000, the company was rising to the heights of glory; therefore, they became billionaires. At the initial stages of his company, Jeff used to pack the orders of books and hand over to the courier office. In 2007, a turning point came to Amazon; it launched Kindle software that let the customers download the books to read them on mobiles, computers, and tabs. As the Kindle software launched, as it sold Amazon’s whole record within 6 hours. It was a great success that Jeff did not expect and imagine. With the help of the Kindle reader, Amazon occupied the 95 percent E-readers shares of America.
From 1996 to the present, this company covered the distance from three employees to 566,000 workers. And Jeff Bezos has become the richest man in the world with the net worth of $163 billion. Currently, Amazon has 16 crore customers worldwide. It is the only company that has achieved this position with zero marketing budget. The facilities that Amazon provides in online shopping have let people leave other online stores. Here it takes less time to place an order, and customers receive the same product that they select on the internet. The product in the picture and the order that is received by the customer prove to be the xerox copy of each other. And the customers receive the order timely. Due to these characteristics, Amazon does not need to use extra marketing and publicity stunts. Its customers publicize and advertise its products and persuade their family and friends to have shopped with Amazon.
Today, Jeff Bezos owns more than the annual budget of 125 countries. Amazon has purchased a few other companies to become an online shopping hub. Whole Foods, IMDb and the Washington Post are the few of those companies that have been purchased by Amazon. Today, Amazon is not confined only to books, but also it has established many other companies including:
(i) Amazon Prime
(ii) Consumer Electronics
(iii) Amazon Games
(iv) Prim Videos
(v) Amazon Go
(vi) Amazon Kindle
(vii) Amazon Web Service
(viii) Amazon Wireless
Jeff introduced a slogan, and his working is based on the slogan. As per him, Customer is a ruler and he is a slave that has to serve the customer in every aspect. Two aspects he considers keenly.
(i) What customer likes so much.
(ii) What customer dislike so much.
Mostly, the companies consider what customers like, but they ignore what the customers dislike. The customers hate late deliveries, bad quality and out of stock items. So he tried his best to avoid these unbearable things. And he has reduced the website loading time too much extent to ensure 100 percent order conversion on every customer’s visit. As per him, if his website takes ten seconds to load, he will lose 100 percent customers. It will lead to zero order and zero conversion. Another major root cause of his success is it delivers the items on the same day. If a customer places an order in the United States of America and gives the address of another country, the product will be delivered to its destination within an hour. Its latest project is ”Amazon go” that is going to be a future shopping store. Amazon has established three exclusive stores in the USA, where any customer scans a code with his mobile app while entering the store. Then, he keeps the mobile in his pocket and starts shopping. Everything that he keeps in his bag will be added to his credit card bill.
To serve the purpose, extremely sensitive cameras and sensors have been installed in the stores. In these stores, customers don’t need to stand in long lines and queues. They just shop and leave the store spontaneously. In such a way the IT industry has risen the countries to the heights of fame, glory and wealth. In 2018, Jeff Bezos, the Amazon’s owner, has left Bill Gates behind in the pace of wealth. He is the man who is richer than 125 countries and started his company with 3 employees in a garage. But now 566,000 employees are working in his company. Amazon is generating a revenue of $177 billion per annually.
Jeff Bezos House:
In 2018, he bought the mega-mansion that is 27,000 square feet. The house has been bought for $23 million. Now, he is the owner of the largest house in Washington DC. Although the worth of the mansion is $23 million, yet he is planning to renovate the house with more $12 million. Once the renovation is complete, his new mega mansion will comprise of 11 bedrooms, 25 bathrooms, five living rooms, five staircases, three kitchens, two elevators, and a huge ballroom. With the aforementioned characteristics, Bezos has established the most luxurious mansion that is well-decorated and well-served to host extravagant parties for the years to come.
Jeff and Mackenzie Bezos:
Both Bezos and Mackenzie have a concept that children should be exposed to some risks that teach them to be self-reliant and self-sufficient. He is the father of four children, so he allows his children to play with knives at the age of 4 and lets them use power tools at the age of 7 or 8. He wants his children to be independent, intelligent and competent. He took various risks in his life that let him face all the ups and downs and made him become the richest and most successful man in the world. He transferred the trait to his children, who have learned how to follow the footsteps of their father to make their dreams come true. Even one of his children lost her finger while playing with one of the sharp tools. His wife said her husband Jokingly taunts her that ”she would much rather have a kid with nine fingers than a resource less kid.” For Bezos, the journey with Amazon did not prove to be a bed of roses; he faced enormous failures in his business that forced him to take risks to be successful.
Amazon Net Worth:
On September 4, 2018, Amazon hit $1 trillion market cap. As per CNBC.com, Amazon became the second company that achieved the level after Apple. Now, he has achieved the title of the richest man in the world.