How did you get along with your siblings? Upon graduating from college, Jeff. [112], On August 5, 2013, Bezos announced his purchase of The Washington Post for $250million in cash,[113] at the suggestion of his friend, Don Graham. [94][248] Bezos and MacKenzie have not disclosed their religious status. I only got to go through school once so I dont know, but I have a feeling I was lucky. [268] Bezos donated $100,000 towards a movement against a Washington state income tax in 2010 for "top earners". He also developed intense and varied scientific interests, rigging an electric alarm to keep his younger siblings out of his room and converting his parents garage into a laboratory for his science projects. And, I think thats very good. Jeff Bezos: I think one thing I find very motivating and I think this is probably a very common form of motivation or cause of motivation is, I love people counting on me, and so, you know, today its so easy to be motivated, because we have millions of customers counting on us at Amazon.com. I want to have minimized the number of regrets I have. I knew that when I was 80 I was not going to regret having tried this. And, you know, I thought I was giving myself triple the normal odds, because really, if you look at the odds of a start-up company succeeding at all, its only about ten percent. [109] In July 2018, it was announced that Bezos had priced commercial spaceflight tickets from $200,000 to $300,000 per person. I think what you do is think about the great expanse of time ahead of you and try to make sure that youre planning for that in a way thats going to leave you ultimately satisfied. Jeff Bezos: I dont think so. How do you deal with that kind of pressure you must have felt during the past year? [271][272][273][274], In 2014, Amazon won a bid for a cloud computing contract with the CIA valued at $600million. Jeff Bezos' best lessons for success from his 27 years as - CNBC But, there was a stack of manuals and me and a couple of other kids stayed after class and learned how to program this thing, and that worked well for maybe about a week. What do you think enabled you to see what you saw and to act on it? Notably, journalist Brad Stone wrote a book that described Bezos as a demanding boss as well as hyper-competitive,[137][144] and opined that Bezos perhaps "bet the biggest on the Internet" than anyone else. [84] On October 2, 2018, Bezos announced a company-wide wage increase, which Sanders applauded. [266], According to public campaign finance records, Bezos supported the electoral campaigns of Patty Murray and Maria Cantwell, two Democratic U.S. senators from Washington. We have so many customers who treat us so well, and we have the right kind of culture that obsesses over the customer. Jeff Bezos Education, Biography & the Amazon Story! - Leverage Edu [192] His net worth decreased to $6.1billion a year later, a 40.5% drop. Alumnus of the Phi Beta Kappa organization at Princeton, Bezos was a Phi Beta Kappa member. [86], In February 2021, Bezos announced that in the third quarter of 2021 he would step down from his role as CEO of Amazon to become the Executive Chairman of the Amazon Board. [114] To execute the sale, he established limited liability company Nash Holdings to serve as a holding company through which he would own the newspaper. Why do you do what youre doing for a living? Who Will Win? Its kind of an incredible tool that weve built here in the 20th Century. Jeffrey Preston Jorgensen was born in Albuquerque, New Mexico, on January 12, 1964, the son of Jacklyn (ne Gise) and Ted Jorgensen. Jeff Bezos: Ive always been interested in inventors and invention. And that started a love affair for me with people like Heinlein and Asimov and all the well-known science fiction authors that persists to this day. Jeffreys maternal ancestors were early settlers in Texas, and over the generations had acquired a 25,000-acre ranch at Cotulla. My math teacher in fourth or fifth grade, Mrs. McInerney, she had a big influence on me. Seventeen U.S. presidents and more than 150 Nobel laureates have been Phi Beta Kappa members. I remember playing lots of games in elementary school like kick-the-can, tag, all the outdoor games. In 1994, Jeff Bezos was a 30-year-old vice president of a New York investment firm, newly married, with a secure and prosperous future ahead of him. How to Become a Phi Beta Kappa and Why - US News Alumnus of the Phi Beta Kappa organization at Princeton, Bezos was a Phi Beta Kappa member. [115] The sale closed on October 1, 2013, and Nash Holdings took control. I said, Cadabra, as in abra cadabra. And he said, Cadaver? I knew then that was not going to be a good name. We were betting on Jeff. By the end of the decade, as six percent owners of Amazon, they were billionaires. His net worth continued to grow, and in July 2018 was estimated by the Bloomberg Billionaires Index to be over $150 billion, roughly $55 billion greater than that of anyone else on Earth. The family later moved to Miami, Florida, during Bezos High School days. Bezos became D. E. Shaw's fourth senior vice-president by age 30. [219] The Motley Fool estimated that if Bezos had not sold any of his shares from its original public offering in 1997, his net worth would sit at $181billion in 2018.
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