Jeff Bezos: Amazon, His Wealth, Career and Business

As an entrepreneur and founder of the world's largest online store website, Amazon.com. Are you curious about the life journey of a Jeff Bezos? Having worked in one of the well-known brand franchises, he managed to stand in an extraordinary position today.

So, DailySocial.id is now going to share a little story from Jeff Bezos that might inspire you.

Jeff Bezos was born with his full name, Jeffrey Preston Bezos, who was born on January 12, 1964 in Albuquerque, New Mexico City. Jeff's ancestors were Texans and inherited a 101 km2 ranch located in Cotulla.

While his grandfather is regional director of the United States Atomic Energy Commission, which is located in Albuquerque. But his grandfather asked for early retirement to work on the farm.

As a teenager, Jeff often spent summers with his grandfather, and from an early age he had shown him a talent for mechanics. In fact, toddler Jeff once tried to disassemble his own bed using a screwdriver.

Jeff Bezos was born to his mother, Jackie Bezos, when he was a teenager. The marriage between his father and mother could only last for more than a year. However, his mother remarried when Jeff was five years old.

He has a stepfather named Miguel Bezos who is an immigrant from Cuba.

Jeff's interest in electrical and science has grown since childhood. When he was still in elementary school, Jeff had made a simple electric alarm and the alarm was installed in his own house.

The alarm that was originally used to keep an eye on his younger siblings so they wouldn't leave the house. In addition, his parents' garage was also used as a scientific experiment laboratory.

When his parents moved to Miami, Jeff returned to high school at Miami Palmetto. His interest in talent was growing and at that time Jeff had attended science training at the University of Florida. Thanks to his achievements, Jeff received the Silver Knight Award.

When accepted at Princeton University, initially majored in physics, but changed his mind and switched to studying computers. Jeff eventually graduated with degrees in computer science and electrical engineering.

Even during college he has shown extraordinary achievements. So it is not surprising that after he graduated from college, Jeff was quite easy to get a job.

Working on Wall Street

His first career began when he started working on Wall Street. After graduating from Princeton University, he worked on Wall Street in computer science. When he got his postgraduate degree and with the various achievements he has made, Jeff worked to build an international trading network at a well-known company, Fitel.

Two years later, Jeff moved to a financial services company, namely Banker Trust. After that, he worked at the financial firm De Shaw Company. Well, it was at this last company that he wanted to build his own company, namely Amazon.com.

Amazon.com is a multinational electronic commerce company whose head office is located in Seattle, Washington, United States of America. In addition, the company also produces consumer electronics, the Kindle Fire tablet computer, as one of the major providers of cloud computing services.

At first the company was called Cadabra. Jeff Bezos founded the company in July 1994 and in 1995 the site was renamed Amazon.com.

Amazon is the largest online retailer in the world. The company is called Amazon because it corresponds to one of the largest rivers in the world, the Amazon. Giving this name is expected to encourage sales on the internet, like water on Amazon. Amazon.com's business model came to him while he was driving from New York to Seattle. Amazon.com's first office was Jeff's garage.

The World's Largest Online Store

Initially, Amazon.com was only used to sell various books online. The price offered is very affordable. After that, this company became news in various media. With his growing fame, Jeff ended up owning an operating office and six warehouses for book inventory.

After a long time selling books exclusively online, as demand increased, Amazon.com strengthened and expanded its business to sell other products. New features include Mp3, TV, video games, CDs, groceries, toys, jewelry, consumer electronics, DVDs and more.

Slowly but surely, the company that Jeff founded grew from a small e-commerce website to a large e-commerce company that offers a wide range of online products for orders worldwide. 1,5 million subscribers in 1997, 14 million in 1999 and 25 million in 2001.

Amazon itself has several retail websites for Canada, the United States, France, the United Kingdom, Italy, Germany, China, Japan, and Spain, and some of its products ship internationally to other countries. In addition, the company plans to launch separate websites in Sweden, the Netherlands, Brazil and Poland.

Naturally, based on Amazon.com's strength and expertise, several large companies would like to engage Amazon.com as a partner to sell products in joint venture bonds. That's why Marks and Spencer invited Amazon.com as a reseller. Virtual network-based consumers also have more and more consumers.

This is mainly due to the increasingly demanding developments in an era when Amazon.com is becoming more and more popular with many people and the ease of online payments. An e-banking program that makes it easier for consumers to transact.

In addition, the implementation of a good and credible marketing strategy by Jeff Bezos makes it easier for his company to work with distributors in distributing products, ensuring safety, cost effectiveness, and accuracy in product scheduling.

Estimated Wealth

It can be seen that Jeff's net worth is estimated to come from ownership of shares in the company Amazon.com. In 1998, Jeff owned 41% of Amazon.com, but in 2006 it fell to 24,26%.

His salary has not increased since 1998, $81.840 a year plus $1,1 million in benefits. Despite this, Jeff is still one of the richest people in the world.

From year to year the revenue earned at the Amazon.com company continues to grow. So it's not surprising that Jeff's wealth has multiplied. In fact, every year Jeff is always in the ranking of the richest people in the world, even though it is always in a fluctuating condition.

Jeff admitted that he never hesitated to take action. Even if what he pursues must not succeed, he will continue to try and dare to take risks. Jeff never hesitated to act because he didn't want to regret it later.

He has the principle that even if he fails, he at least tries. He also believes that the only way to be successful is to provide excellent service. In this way, consumers will automatically do word of mouth, and Amazon.com will definitely benefit.

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