A large amount of Jeff Bezos’ income stems from his firm, Amazon, which he established. One of the world’s largest retailers, Amazon, has grown from a small bookseller to a global powerhouse.
Aside from Amazon, Bezos amassed his fortune through a variety of other ventures. In addition, he owns The Washington Post and is developing a 10,000-year clock with the help of his aerospace firm, Blue Origin.
Amazon began as an online bookstore but has since expanded to include a wide range of other products. In 1994, Jeff Bezos founded Amazon.com in his garage in Seattle.
In the years following its founding, Amazon made millions of dollars selling CDs, toys, and electronics, among other goods.
Beginning in 2007, Amazon began the process of launching its products, starting with the debut of the Amazon Kindle in 2011 and the Amazon Fire tablet the following year. In addition to books, Amazon now carries everything from clothing and gadgets to beauty products and even food.
There are several of Amazon’s products and services, such as Prime Video and Amazon Music.
After a 25-year marriage, Bezos and MacKenzie divorced in 2019.
As a result of their divorce, MacKenzie received a 4% interest in Amazon. Bezos resigned from his position as CEO of Amazon in July 2021 and was named the company’s Executive Chairman.
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According to Forbes, he sold 8.8 billion shares of stock in the corporation in 2021 and currently owns less than 10 percent of the company.
With the purchase of The Washington Post for $250 million in 2013, Amazon CEO Jeff Bezos also owns the newspaper. Blue Origin, the company he created in 2000, is another of his businesses. ‘Millions of people living and working in space for Earth’s benefit,’ says Bezos, according to the Blue Origin website.
For him, finding new sources of energy and raw materials, as well as relocating businesses that put the planet under a lot of strain, is essential if humans are to keep the planet habitable for future generations.
Blue Origin is attempting to reduce the cost of space travel by developing launch vehicles that can be reused. Bezos flew on Blue Origin’s New Shepard rocket in July 2021, which took around 10 minutes to reach space.
According to Bezos, the business has already sold nearly $100 million in future airline tickets. Amazon CEO Jeff Bezos reportedly spends $1 billion a year to fund Blue Origin, according to MarketWatch.
The 10,000-Year Clock is another of Bezos’ projects. On the website for the 1,000-Year Clock, Amazon CEO Jeff Bezos describes it as “a symbol, an icon for long-term thinking.” The $42 million clocks are being built in Texas.
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On the millennium, the cuckoo clock will sound, the century hand will move every 100 years, and the clock will tick once every year.
So, how much money does one of the world’s wealthiest people have in the bank? Forbes estimates Jeff Bezos’ net worth at $182 billion, with the company he began in a Seattle garage contributing significantly to that total.
While he has previously held the top spot on the Forbes Billionaires list, Elon Musk frequently takes his place. Even though he still earns a substantial income from his Amazon stock, he has shifted his attention to Blue Origin.
Amazon.com
To be competitive, Bezos saw the need to broaden Amazon’s product offerings, and by 2005 the company was selling everything from consumer electronics to garments and hardware. When Amazon launched its cloud computing service, Amazon Web Services (AWS), in 2006, it became the world’s largest cloud computing service.
A new digital book reader, the Kindle, was unveiled by Amazon in late 2007, allowing customers to purchase, download, read, and save a wide range of books on demand. In 2010, Amazon reported that Kindle books had overtaken hardback books in sales. Amazon Studios was established in the same year as the company began producing its television episodes and movies.
Sales at Amazon climbed from $510,000 in 1995 to almost $600 million in 1998 and from over $19.1 billion in 2008 to nearly $233 billion in 2018. Amazon’s annual net sales have grown at an exponential rate. In 2018, AWS accounted for about half of the company’s operating income.
After two years of record earnings and revenue exceeding $100 billion for the first time in the fourth quarter of 2013, Amazon announced that it had achieved a new milestone. During the COVID-19 epidemic, there was a significant increase in home shopping.
Other Activities
In 2000, Bezos created Blue Origin, a spaceflight firm. A few months later the company decided to purchase a launch site in Texas, where it planned to launch a crewed suborbital spacecraft named New Shepard in 2018 and an orbital launch vehicle known as New Glenn in 2020.
Blue Origin. In 2013, Bezos paid $250 million for The Washington Post and its related properties. In 2018, Amazon CEO Jeff Bezos’s net worth was estimated at $112 billion, making him the world’s richest man.
Personal Life
After meeting Mackenzie Tuttle at D.E. Shaw in 1993, Jeff Bezos married her the following year. The National Enquirer published a report the following day stating that Bezos was having an affair with another lady after the couple announced their divorce in January 2019.
After Bezos initiated an investigation into how the tabloid obtained his private text messages, he resigned. And then he published an essay in February accusing managers at American Media Inc.
(AMI), the parent company of the Enquirer, of “extortion and bribery” for threatening they would disclose nude images of Bezos if he didn’t cease his investigation, among other demands. According to a subsequent report, the texts had been leaked by Bezos’s lover’s brother.
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