Jeff Bezos, the founder of e-commerce giant Amazon, continues to remain the world’s richest person, as per the latest Forbes World’s Billionaire list. The Seattle-based publicly traded company operates retail websites Zappos and Audible, serves as a platform for third-party vendors, and provides cloud computing services. In 2018, Amazon reported revenue of $233 billion. The 55-year-old Amazon founder and CEO is currently worth upwards of $134 billion, according to both Forbes and Bloomberg.
According to Business Insider calculations, an American spending $1 is akin to Bezos spending $88,000 on him.
The primary source of Bezos’ wealth is from Amazon, which he founded in 1994. In beginning, Amazon was an online book store, and later introduced features including one-click shopping, customer reviews, and e-mail order verification.
Today Bezos is the CEO and largest stockholder, with a 16 per cent stake in the company. As the Amazon stock price increases so does its leaders’ wealth. Since its IPO in 1997, Amazon’s split-adjusted stock price has increased 97,000 per cent.
In his childhood, he spent his summers laying pipes, vaccinating cattle and fixing windmills at his grandfather’s Texas ranch. He attended Miami Palmetto Senior High School, and took his B.Sc. degree in Electrical Engineering and Computer Science from Princeton University.
He has even worked on Wall Street in companies such as Fitel, Bankers Trust and D. E. Shaw & Co, New York.
Given his high ambitions, the Amazon CEO invested a billion dollars to fund his boyhood dream: Blue Origin, an aerospace company that is developing technologies to offer space travel to customers. Bezos plans to use a 60-foot rocket to send passengers into space.
In January this year, Jeff Bezos and his wife MacKezie announced their split in a joint statement on Twitter. The couple had been married for 25 years.