Jeff Bezos Age: 57 Residence: Seattle, Wash. Founder and CEO: Amazon (AMZN) Net Worth: $182 billion Amazon Ownership Stake: 11.1% ($165 billion) Other Assets: Blue Origin ($7.15 billion private asset) and $9.55 billion in cash In 1994, Jeff Bezos founded Amazon.com in a garage in Seattle, shortly after he resigned from the hedge fund giant D.E. Shaw. In fact, he had originally pitched the idea of an online bookstore to his former boss David E. Shaw, who wasn't interested. Though Amazon.com originally started out selling books, it has since morphed into a one-stop-shop for everything under the sun, and is arguably the world's largest retailer. At any rate, it is hard to dispute its self-description as the "earth's most customer-centric company." Its pattern of constant diversification is evident in some of its unexpected expansions, which include acquiring Whole Foods in 2017 and launching its own branded over-the-counter drugs in Feb. 2018. In 2020, Amazon's share price skyrocketed on the heightened demand for online shopping as lockdowns forced consumers to stay home. Bezos originally took Amazon public in 1997 and went on to become the first man since Bill Gates in 1999 to achieve a net worth of more than $100 billion. Bezos's other projects include aerospace company Blue Origin; The Washington Post, which he purchased in 2013; and the 10,000-year clock, also known as the Long Now. #info #EverythingsInfo
No comments yet