Although the crash was viewed as a setback, news outlets noted how far the company went from its founding-to-date in advancing spaceflight. [188] During March 9, Bezos earned $230,000 every 60 seconds. Despite his occasional modest tendencies, Bezos also owns some more high-end luxury vehicles. I think frugality drives innovation just like other constraints do. [17] Multiple opinion columnists responded by asking Bezos to pay higher wages to Amazon warehouse workers. [113][118] Bezos has been characterized as a notoriously opportunistic CEO who operates with little concern for obstacles and externalities. [74][210], In March 2003, Bezos was one of three passengers in a helicopter that crashed in West Texas after the craft's tail boom hit a tree. Bezos first became a millionaire in 1997 after raising $54 million through Amazon's initial public offering (IPO). [105][106] In 2013, Bezos Expeditions funded the recovery of two Saturn V first-stage Rocketdyne F-1 engines from the floor of the Atlantic Ocean. [45][failed verification] In November 2007, Bezos launched the Amazon Kindle. [34] Bezos was promoted to head of development and director of customer service thereafter. Bezos also kept all of the couple’s company voting rights. Bezos rose to be the 5th richest person in the world hours before market close; he gained $7 billion in one hour. [10] After his parents divorced, his mother married Cuban immigrant Miguel "Mike" Bezos in April 1968. [115], Bezos uses the term "work–life harmony" instead of the more standard "work–life balance" because he believes balance implies that you can have one and not the other. [250][251], In January 2018, Bezos made a $33 million donation to TheDream.US, a college scholarship fund for undocumented immigrants brought to the United States as minors. [192] On July 17, 2018, he was designated the "wealthiest person in modern history"[d] by the Bloomberg Billionaires Index,[195] Fortune,[196] MarketWatch,[197] The Wall Street Journal,[198] and Forbes. Forbes last reported Jeff Bezos’s net worth to be $115.4 billion in August 2019. [87] In July 2018, it was announced that Bezos had priced commercial spaceflight tickets from $200,000 to $300,000 per person. [254], In February 2020, Bezos pledged $10 billion to combat climate change through the Bezos Earth Fund. [175] After sporadic jumps in Amazon's share price, in July 2017 he briefly unseated Microsoft cofounder Bill Gates as the wealthiest person in the world. Bezos founded Amazon as an online bookstore, but always planned to expand to other products. He has also supported U.S. representative John Conyers, as well as Patrick Leahy and Spencer Abraham, U.S. senators serving on committees dealing with Internet-related issues. Bezos is a household name, but do you even know where the CEO’s surname actually came from? It’s July 1994, and he is only 30 when the nascent form of the retail giant is unleashed upon the world as a timid, garage-based online bookstore. Jeff Bezos Net worth 2019 (year of divorce): $118 billion. [213] Bezos' family office Zefram LLC is named after Zefram Cochrane a character from Star Trek. Founding. Forensic analysis of Bezos's mobile phone conducted by advisory firm FTI Consulting, concluded it "highly probable" that the hack was achieved using a malicious file hidden in a video sent in a WhatsApp message to Bezos from the personal account of the crown prince on May 1, 2018. Bezos started Amazon on 16th July 1995 and named it after the South American river. At age four, Miguel Bezos adopted him and his surname was then changed to Bezos. We must return to the Moon—this time to stay. [161] He was first included on the Forbes World's Billionaires list in 1999 with a registered net worth of $10.1 billion. The company also announced Club For the Future, a non-profit that aims to inspire and engage “the next generation of dreamers and space entrepreneurs.” The club, which brings together educators and leader, made its first mission to send a postcard to space and back on a future New Shepard mission. [141] When interviewing candidates for jobs at Amazon he has stated he considers three inquiries: can he admire the person, can the person raise the common standard, and under what circumstances could the person become exemplary. [162] His net worth decreased to $6.1 billion a year later, a 40.5% drop. ", and "Why are you ruining my life?". [104] Bezos used Bezos Expeditions to fund several philanthropic projects, including an Innovation center at the Seattle Museum of History and Industry and the Bezos Center for Neural Circuit Dynamics at Princeton Neuroscience Institute. Amazon Success Story. Amazon CEO Jeff Bezos' net worth just reached a new high of $171.6 billion. [118][119] This perception was detailed by Alan Deutschman who described him as "talking in lists" and "[enumerating] the criteria, in order of importance, for every decision he has made. [25] In his graduation speech, Bezos told the audience he dreamed of the day when mankind would colonize space. This page was last edited on 16 December 2020, at 02:49. Shaw in 1992. During the 1990s, Bezos earned a reputation for relentlessly pushing Amazon forward, often at the expense of public charity and social welfare. [209] Bezos and his now ex-wife MacKenzie are the parents of four children: three sons, and one daughter adopted from China. [207], In 1992, Bezos was working for D. E. Shaw in Manhattan when he met novelist MacKenzie Tuttle, who was a research associate at the firm; the couple married a year later. [43] In 2002, Bezos led Amazon to launch Amazon Web Services, which compiled data from weather channels and website traffic. [41] Although Amazon was originally an online bookstore, Bezos had always planned to expand to other products. The next year Bezos’s net worth plummeted to $6.1 billion, and $2 billion the following year. He believes that work and home life are interconnected, informing and calibrating each other. When Jeff Bezos was 17 months old… [9] At the time of his birth, his mother was a 17-year-old high school student and his father was a bike shop owner. [211] Bezos sustained minor injuries and was discharged from a local hospital the same day. In his initial discussion of the project which became Alexa with his technical advisor Greg Hart in 2011, Bezos told him that the goal was to create "the Star Trek computer." [94] Bezos and the newspaper's editorial board have dismissed accusations that he unfairly controlled the paper's content and Bezos maintains the paper's independence. [13] Bezos attended River Oaks Elementary School in Houston from fourth to sixth grade. Bezos made a list of 20 products that could be easily sold on the Internet. Word of mouth is very powerful.”, “In business, what’s dangerous is not to evolve.”, “The common question that gets asked in business is, ‘why?’ That’s a good question, but an equally valid question is, ‘why not?’”, “A brand for a company is like a reputation for a person. It is currently the world's largest online sales company, the largest Internet company by revenue, and the world's largest provider of virtual assistants[7] and cloud infrastructure services through its Amazon Web Services branch. [134][135], Bezos has stated "it is always Day 1" to describe his growth mindset. [61] During July 2018, a number of members of the U.S. Congress called on Bezos to detail the applications of Amazon's face recognition software, Rekognition. "[225][226][227][228], In 2014, Amazon won a bid for a cloud computing contract with the CIA valued at $600 million. [29], In 2016, Bezos played a Starfleet official in the movie Star Trek Beyond, and joined the cast and crew at a San Diego Comic-Con screening. He is also the founder of Blue Origin, a company that aims to make space travel affordable to ordinary people. Bezos was the president of the Princeton chapter of the Students for the Exploration and Development of Space. 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