NO.3 RICHEST MAN IN THE WORLD
NET WORTH : $170 Billion
Born on January 12, 1964, Jeffrey Preston Bezos is an American investor, media owner, and entrepreneur. Amazon is the largest e-commerce and cloud computing firm in the world. He is the founder, executive chairman, and former president and CEO of the company. According to Forbes and the Bloomberg Billionaires Index, Bezos had the highest net worth in the world from 2017 to 2021, and as of November 2023, he was valued at over US$170 billion. This places him as the third wealthiest person in the world.
Bezos, was born in Albuquerque and reared in Houston and Miami, earned degrees in electrical engineering and computer science from Princeton University in 1986. From 1986 to the beginning of 1994, he worked on Wall Street in a number of related industries. Midway through a road journey from New York City to Seattle in 1994, Bezos established Amazon. Since its founding as an online bookshop, the business has grown to provide a wide range of other e-commerce goods and services, such as cloud computing, artificial intelligence, and streaming audio and video. With its division of Amazon Web Services, it is the biggest online retailer in the world, the biggest Internet business in terms of revenue, and the biggest supplier of virtual assistants and cloud infrastructure services.
In 2000, Bezos established Blue Origin, an aircraft manufacturer and provider of suborbital spaceflight services. He launched into space on Blue Origin NS-16 in 2021, having previously made a successful return landing on Earth in 2015 with Blue Origin's New Shepard spacecraft. In addition, he paid $250 million for the prestigious American newspaper The Washington Post in 2013 and oversees several additional investments through his venture capital company, Bezos Expeditions. Bezos and Yuri Milner, the creator of Mail.ru, co-founded the biotechnology startup Altos Labs in September 2021.
After surpassing Bill Gates' record in 1999, Bezos became the first centibillionaire on the Forbes Real Time Billionaires Index and was dubbed the "richest man in modern history" after his net worth reached $150 billion in July 2018.As of August 2020, Forbes reported that his net worth surpassed $200 billion.During the COVID-19 epidemic in 2020, his fortune increased by almost $24 billion.Bezos assumed the position of executive chairman on July 5, 2021, following his resignation as president and chief executive officer of Amazon. Bezos was succeeded as CEO and president of Amazon by Andy Jassy, CEO of Amazon Web Services. With a $151 billion net worth, he was rated second on the Forbes 400 list of the richest Americans in September 2022.
Education
Bezos was born on January 12, 1964, as Jeffrey Preston Jorgensen in Albuquerque, New Mexico. Ted and Jacklyn Jorgensen were his parents. Jeff's father was 19 years old and his mother was a 17-year-old high school student when he was born. Born in Chicago to a Baptist family, Jorgensen was a Danish American unicyclist. Jacklyn went to night school with her infant after finishing high school in spite of difficult circumstances. When Jeff was two years old, he went to an Albuquerque Montessori school.
After Mike had received his degree from the University of New Mexico, the family moved to Houston, Texas, so that he could begin working as an engineer for Exxon. Jeff attended River Oaks Elementary School in Houston from fourth to sixth grade. Jeff's maternal grandfather was Lawrence Preston Gise, a regional director of the U.S. Atomic Energy Commission (AEC) in Albuquerque. Lawrence retired early to his family's ranch near Cotulla, Texas, where Jeff would spend many summers in his youth. Jeff would later purchase this ranch and expand it from 25,000 acres (10,117 ha) to 300,000 acres (121,406 ha). Jeff displayed scientific interests and technological proficiency and once rigged an electric alarm to keep his younger siblings out of his room The family moved to Miami, Florida, where Jeff attended Miami Palmetto High School. While Jeff was in high school, he worked at McDonald's as a short-order line cook during the breakfast shift
Bezos participated in the University of Florida's Student Science Training Program. He won the 1982 Silver Knight Award, was named a National Merit Scholar, and was the valedictorian of his high school class. Bezos informed the crowd during his commencement speech that he saw a time when humans will inhabit space. His goal was described as "to get all people off the earth and see it turned into a huge national park" in a local newspaper.
Companies Owned by Jeff Bezos
AMAZON
A worldwide technology firm based in the United States, Amazon.com, Inc. specializes in digital streaming, cloud computing, e-commerce, online advertising, and artificial intelligence. Regarded as one of the most valuable brands globally, it has been called "one of the most influential economic and cultural forces in the world" on several occasions. It is regarded as one of the Big Five American tech firms, along with Microsoft, Apple, Alphabet (the parent company of Google), and Meta.
On July 5, 1994, jeff Bezos launched Amazon from his Bellevue, Washington, garage. It started out as an online book store but has now extended into many other product categories, earning the nickname "The Everything Store." Amazon Web Services (cloud computing), Zoox (autonomous cars), Kuiper Systems (satellite Internet), and Amazon Lab126 (computer hardware R&D) are just a few of its subsidiaries. Whole Foods Market, Twitch, Ring, and IMDb are some of its other subsidiaries. With the $13.4 billion purchase of Whole Foods in August 2017, it significantly expanded its physical store network.
Through its platforms, Twitch, Audible, MGM+, Amazon Music, and Amazon Prime Video, Amazon also offers a wide range of streaming and downloaded entertainment. It produces movies and television shows through Amazon MGM Studios, which includes the Metro-Goldwyn-Mayer studio that it bought in March 2022, and books through its publishing division, Amazon Publishing. Additionally, it manufactures consumer goods, including Fire tablets, Fire TVs, Echo devices, and Kindle e-readers.
Coporation Year : 1994
Revenue : $500 Billion
ZAPPOS
American online shoe and apparel shop Zappos.com is situated in Las Vegas, Nevada, in the United States. Nick Swinmurn established the business in 1999, launching it with the domain name Shoesite.com. In an all-stock acquisition valued at around $1.2 billion at the time, Amazon purchased Zappos in July 2009. In exchange for 10 million shares of Amazon common stock and $40 million in cash and restricted stock for Zappos workers, Amazon bought all of the outstanding warrants and shares from Zappos.
Coporation Year : 1999
Revenue : $2 Billion
WHOLE FOODS MARKET
Whole Foods Market, Inc., an American global grocery chain with its headquarters located in Austin, Texas, is a subsidiary of Amazon. It offers items free of artificial colors, flavors, and preservatives as well as hydrogenated fats. The chain is well-known for its organic offerings and is a USDA Certified Organic grocery store in the United States. Whole Foods has more than 500 locations across North America and seven in the UK as of March 4, 2019.
On August 28, 2017, Amazon paid $13.7 billion to purchase the business.
Coporation Year : 1980
Revenue : $17 Billion
AUDIBLE
Customers may buy and stream audiobooks and other spoken word content through Audible, an American online audiobook and podcast service. This material may be bought separately or as part of a subscription plan that gives the customer access to a carefully chosen on-demand library of content and "credits" that can be redeemed for content each month. The biggest manufacturer and distributor of audiobooks in the US is called Audible. Audible, a wholly-owned subsidiary of Newark, New Jersey-based Amazon.com, Inc., is the owner of the service.
Coporation Year : 1995
Revenue : $1.01 Billion
AMAZON WEB SERVICES
Amazon Web Services, Inc. (AWS) is a subsidiary of Amazon that provides on-demand cloud computing platforms and APIs to individuals, companies, and governments, on a metered, pay-as-you-go basis. Clients will often use this in combination with autoscaling (a process that allows a client to use more computing in times of high application usage, and then scale down to reduce costs when there is less traffic). These cloud computing web services provide various services related to networking, compute, storage, middleware, IoT and other processing capacity, as well as software tools via AWS server farms. This frees clients from managing, scaling, and patching hardware and operating systems. One of the foundational services is Amazon Elastic Compute Cloud (EC2), which allows users to have at their disposal a virtual cluster of computers, with extremely high availability, which can be interacted with over the internet via REST APIs, a CLI or the AWS console. AWS's virtual computers emulate most of the attributes of a real computer, including hardware central processing units (CPUs) and graphics processing units (GPUs) for processing; local/RAM memory; hard-disk/SSD storage; a choice of operating systems; networking; and pre-loaded application software such as web servers, databases, and customer relationship management (CRM).
Coporation Year : 2002
Revenue : $80 Billion
PILLPACK
PillPack, Inc. is an American online pharmacy which is a subsidiary of Amazon.com. It is based in Manchester, New Hampshire, United States. The company was founded in 2013.
Coporation Year : 2013
Revenue : $1.2 Billion
AMAZON PRIME VIDEO
Amazon Prime Video, sometimes known as just Prime Video, is an American over-the-top (OTT) video on-demand streaming and renting service that may be accessed alone or as part of an Amazon Prime membership. The service offers live sporting events, video rental and purchase options, content add-ons, films and television shows created by Amazon MGM Studios or licensed to Amazon as Amazon Originals, in addition to material from other suppliers.
In the US, the service made its debut on September 7, 2006 under the name Amazon Unbox. The service was rebranded as Amazon Video on Demand on September 4, 2008. Instant films that have been purchased are no longer downloadable through the site as of August 2014. On February 22, 2011, the service changed its name to Amazon Instant Video and gave Amazon Prime subscribers access to 5,000 more movies and TV series. Amazon and Viacom reached an agreement on February 8, 2012, so that MTV, Nickelodeon, Comedy Central, TV Land, VH1, CMT, Spike, BET, and Logo TV series will be added to Prime Instant Video.
Coporation Year : 2008
Revenue : $4.63 Billion
TWITCH
Twitch is an American video live streaming website that offers music, creative material, and "in real life" feeds, but its primary concentration is video game live streaming, including coverage of esports contests. Twitch Interactive, a division of Amazon.com, Inc., runs Twitch. Launched as a spin-off of the general-interest streaming service Justin.tv, it made its debut in June 2011. The website offers live streaming as well as video on demand for its content. Games include first-person shooters, racing games, fighting games, and real-time strategy games (RTS) are among the genres that are now shown on Twitch's homepage, which is arranged based on viewer preferences.
By 2015, Twitch had more than 100 million viewers per month. In 2017, Twitch remained the leading live streaming video service for video games in the US, and had an advantage over YouTube Gaming, which shut down its standalone app in May 2019.
Coporation Year : 2011
Revenue : $29.5 Million
GOODREADS
A division of Amazon, Goodreads is an American social cataloging website that lets users browse through a database of books, comments, quotations, and reviews. To create reading lists and library catalogs, users may register books and register themselves. They can also start their own groups for conversations, blogs, polls, surveys, and book recommendations. The headquarters of the website are in San Francisco.
Otis Chandler and Elizabeth Khuri Chandler started Goodreads in January 2007 after it was formed in December 2006. By December 2007, 10,000,000 books had been contributed to the site, and 650,000 people were registered. The website claimed to have thirty workers, ten million subscribers, and twenty million monthly views by July 2012. Goodreads' purchase by Amazon was announced on March 28, 2013, and the company later stated on July 23 that it had reached 20 million subscribers.
Coporation Year : 2006
Revenue : $5.0 Million
Woot
American online retailer Woot (formerly W00t) is situated in the Carrollton, Texas, suburb of Dallas. On July 12, 2004, electronics dealer Matt Rutledge launched it. either, Woot's primary website only features one daily discounted item, which is either a piece of computer gear or an electrical device. Two additional Woot sites provide a variety of commodities; other sites have daily bargains on T-shirts, alcohol, children's stuff, and home goods. Woot announced on June 30, 2010, that it will be bought by Amazon.
Coporation Year : 2004
Revenue : $164 Million
RING
Amazon owns Ring LLC, a maker of smart home and home security products. It produces an alarm system, home security cameras, and smart doorbells under its own brand. Additionally, it runs a social network called Neighbors where users may exchange video footage taken with Ring products and talk about safety and security concerns in their communities. Ring may also give data and video through Neighbors to law enforcement to help with investigations.
Jamie Siminoff first created the firm as the crowdfunded startup Doorbot in the fall of 2013. In the fall of 2014, the company changed its name to Ring, and equity investors started to come in. In 2018, Amazon paid more than $1.2 billion to purchase it.
Coporation Year : 2013
Revenue : $165 Million
ZOOX
An Amazon company called Zoox, Inc. is creating driverless cars that offer mobility as a service. With operating offices in Seattle, Washington, and the San Francisco Bay Area, it is based out of Foster City, California. Together with other Amazon divisions including Amazon Lab126, Amazon Alexa, and Kuiper Systems, Zoox is housed inside the Amazon Devices & Services division.
Coporation Year : 2014
Revenue : $35 Million
ComiXology
ComiXology, also known as Iconology Inc., is an Amazon-owned cloud-based digital comics distribution business with over 200 million comic downloads as of September 2013. It provides access to over 100,000 comic books, graphic novels, and manga on the Internet, Kindle Fire, Windows 10, iOS, and Android platforms.
Coporation Year : 2007
Revenue : $19 Million
AMAZON LAB126
Amazon Lab126, sometimes referred to as Lab126, is an American computer hardware and research and development business that is a part of Amazon.com. Located in Sunnyvale, California, Gregg Zehr, a former vice president of hardware engineering at Palm, started it in 2004. It is well-known for creating the Kindle tablet and e-reader lineup from Amazon.
Coporation Year : 2004
Revenue : $228 Million
AMAZON FRESH
Amazon Fresh is a Seattle, Washington-based subsidiary of the American online retailer Amazon. In addition to several foreign cities including Berlin, Hamburg, London, Milan, Munich, Rome, Tokyo, and a few more places in Singapore and India, this grocery retailer has physical stores and offers delivery services in the majority of the major U.S. cities.
Coporation Year : 2007
Revenue : $5.0 Billion
ALEXA INTERNET
Founded in 1996 as a stand-alone business, Alexa was purchased by Amazon in 1999 for $250 million in shares. Web traffic statistics, worldwide rankings, and other data on more than 30 million websites were made available by Alexa. Based on a sample of millions of Internet users who use browser extensions and websites that have opted to install an Alexa script, Alexa was able to estimate website traffic. Over 400 million users accessed the website each month as of 2020.
Coporation Year : 1996
Revenue : $10.0 Billion
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