Jeff Bezos founded e-commerce giant Amazon in 1994 out of his garage in Seattle. He will step down as CEO and become executive chairman in late 2021.
- Jeff Bezos founded e-commerce giant Amazon in 1994 out of his garage in Seattle. He will step down as CEO and become executive chairman in late 2021.
- Between March and April 2020, amid the pandemic, Amazon said it hired 175,000 additional workers.
- In April 2020, Bezos said he would give $100 million to Feed America, a nonprofit that operates food banks and food pantries across the country.
- Amazon has faced criticism from U.S. senators and the general public for its treatment of warehouse workers during the coronavirus pandemic.
- He divorced his wife MacKenzie in 2019 after 25 years of marriage and transferred a quarter of his Amazon stake to her.
- In 2019, Amazon notched $280.5 billion in revenues and a record $11.5 billion in net profit.
- Bezos owns The Washington Post and Blue Origin, an aerospace company that is developing rockets for commercial use.
Jeffrey Preston Bezos born January 12, 1964) is an American internet entrepreneur, industrialist, media proprietor, and investor. Bezos is the founder and CEO of the multi-national technology company Amazon. He is the richest person in the world according to the Forbes Real-Time Billionaires ranking.
Born in Albuquerque and raised in Houston and later Miami, Bezos graduated from Princeton University in 1986. He holds a degree in electrical engineering and computer science. He worked on Wall Street in a variety of related fields from 1986 to early 1994.
Bezos founded Amazon in late 1994, on a cross-country road trip from New York City to Seattle. The company began as an online bookstore and has since expanded to a wide variety of other e-commerce products and services, including video and audio streaming, cloud computing, and artificial intelligence. 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 and cloud infrastructure services through its Amazon Web Services branch.
Bezos founded the aerospace manufacturer and sub-orbital spaceflight services company Blue Origin in 2000. Blue Origin’s New Shepard vehicle reached space in 2015, and afterwards successfully landed back on Earth. The company has upcoming plans to begin commercial suborbital human spaceflight.
He also purchased the major American newspaper The Washington Post in 2013 for $250 million, and manages many other investments through his Bezos Expeditions venture capital firm.
The first centibillionaire on the Forbes wealth index, Bezos was named the “richest man in modern history” after his net worth increased to $150 billion in July 2018. In August 2020, according to Forbes, he had a net worth exceeding $200 billion.
In 2020 during the COVID-19 pandemic, Bezos’s wealth grew by approximately $24 billion. On February 2, 2021, Bezos announced that he would step down as the CEO of Amazon sometime in the third quarter of 2021, and transition into the role of executive chairman. He is due to be replaced as CEO by Andy Jassy, the chief of Amazon’s cloud computing division.