Jeff Bezos - The Founder of Amazon.Com Biography and His Success Story

Jeff Bezos - The Founder of Amazon.Com Biography and His Success Story

Hey guy's today in this post we will read about Jeff Bezos - the founder of Amazon.com, his biography, success story and how he found Amazon.com and I hope you will like it.

Jeffrey Preston Bezos known as Jeff Bezos is an American technology and retail entrepreneur, investor, electrical engineer, computer scientist and philanthropist, best known as the founder, chairman, and chief executive officer(CEO) of Amazon.com , the world's largest online shopping retailer.

The company began as an Internet merchant of books and expanded to a wide variety of products and services, most recently video and audio streaming.

Amazon.com is currently the world's largest Internet sales company on the World Wide Web, as well as the world's largest provider of cloud infrastructure services, which is available through its Amazon Web Services arm.

Bloomberg Billionaires Index listed Bezos as one of the wealthiest people in the world with an estimated net worth of $28 billion. Harvard Business Review ranked him the second best CEO in the world.

About Jeff Bezos

Jeff Bezos was born on January 12, 1964 in Albuquerque, New Mexico, to Jacklyn Gise and Ted Jorgensen. His mother’s ancestors were settlers who lived in Texas, and had acquired a 25,000-acre ranch near Cotulla over the generations. As of March 2015, Bezos was among the largest landholders in Texas.

His mother was a teenager when she married his father. After marriage with Ted Jorgensen ended, she married Miguel Bezos, a Cuban immigrant who studied at the University of Albuquerque.

After marriage, Miguel Bezos legally adopted Jeff. The family then moved to Houston, Texas, where Miguel became an engineer for Exxon.

Jeff  Bezos displayed remarkable mechanical talent from an early age, which fits well with his varied scientific interests. As a toddler, he had managed to dismantle his crib with a screwdriver and as a teen, he had developed an electric alarm to keep younger siblings out of his room. His parents eventually asked him to move all his stuff to their garage which he converted into a laboratory for his science projects.

He attended River Oaks Elementary School in Houston from fourth to sixth grade. He would spend summers at the ranch working on enormously varied tasks such as laying pipe, fixing windmills, vaccinating cattle, and other farm work.

He started his first business at school. It was called The Dream Institute, and it was an educational summer camp for fourth, fifth and sixth graders. There were some books that he required his participants to read.

The family eventually moved to Florida and Jeff Bezos was transferred to Miami Palmetto Senior High School where he excelled at his studies and realized his love for computers.

He was even invited to participate in the Student Science Training Program at the University of Florida, where he won a Silver Knight Award in 1982 and was a National Merit Scholar. He graduated as the school’s valedictorian, and a National Merit Scholar, securing his spot at Princeton University.

He graduated with two Bachelor of Science degrees in computer science and electrical engineering from Princeton University.

He married MacKenzie Tuttle in 1993. He met her when he joined the investment firm D.E. Shaw. They live in Seattle with their four children, and are increasingly involved in philanthropic activities.

Career - How He Found Amazon.Com

He used to take up summer jobs. In June 1984, he took a summer job as Programmer/Analyst in Norway, and the following year, he improved an IBM Program in California.

He served as the President of Princeton’ Students for the Exploration and Development of Space. In 1986, he graduated summa cum laude, with a B.Sc. in Electrical Engineering and Computer Science.

After graduating, he went to Wall Street where computer science was increasingly in demand and worked in several firms. The job at Fitel (a startup aiming to build a network to conduct international trade) had him flying every week between New York and London.

After that he worked at Bankers Trust. Later on, he worked on Internet-enabled business opportunities at the hedge fund company D. E. Shaw & Co. He joined D. E. Shaw & Co, New York, in 1990. He became the youngest Vice President there.

In 1994, Bezos founded Amazon.com after making a cross-country drive from New York to Seattle , writing up the Amazon business plan on the way, an online bookstore. He initially set up the company in his garage.

In 1997, the company went public with time, Amazon started to diversify its portfolio. In 1998, it started offering CDs and videos and, in 2002, it also included clothes to its portfolio.

In 2003, Amazon formed A9, a commercial search engine focusing on e-commerce web sites. He also launched an online sporting goods store that offered up to 3,000 different brands.

In the year 2007, saw Amazon introduce a handheld electronic reading device, the Kindle, which uses E-Ink to render text with adjustable font size to enhance ease of reading.

In 2010, Amazon signed a deal with The Wylie Agency who gave Amazon the digital rights to works of authors. Publishers were bypassed, and felt angered. However, readership and sales increased, thereby benefitting authors.

Competing with Apple iPad, Bezos introduced Kindle Fire, a color touch screen mini tablet computer. With Kindle Paperwhite, Amazon gave e-readers comfort and convenience with illuminated touchscreens that enabled reading in the dark.

He launched Amazon Studios apart from Amazon Local, LivingSocial and Amazon Web Services. Amazon plans to present the television programs through an online video service.

On August 5, 2013, he purchased The Washington Post and other publications affiliated with The Washington Post Co., for $250 million cash marking the end of the four-generations of reign by the Graham family.

In December 2013, Bezos revealed an experimental initiative called Amazon Prime Air that uses drones capable of carrying weight up to 5 pounds, and travelling 10-miles to provide delivery services to customers.

The company has ushered revolution in online shopping by introducing innovative features, such as one-click shopping, customer reviews, and e-mail order verification.

In 2004, he founded Blue Origin, an aerospace company that is developing technologies to offer space travel to customers, kept a secret until land was purchased to build a launch and test facility.

Awards

Jeff Bezos was awarded an honorary doctorate in Science and Technology from Carnegie Mellon University in 2008. He was also selected by U.S. News & World Report as one of America’s best leaders.

In 2011, The Economist gave Bezos and Gregg Zehr an Innovation Award for the Amazon Kindle. The following year, he was named Businessperson of The Year by Fortune.

In December 2012, the National Retail Federation named Amazon as the top retailer of the year, and awarded him the Gold Medal Award, given to an individual who has served the industry with distinction.

So, this was the Success story of the founder of Amazon.Com Jeff Bezos, I hope you enjoyed reading it and liked it.

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