[132][133] Journalist Mark O'Connell criticized Bezos's relentless customer focus as "very small" in terms of impact on humanity as a whole,[134] a sentiment technologist Tim O'Reilly agreed with. [163], He meets with Amazon investors for a total of only six hours a year. [307], In November 2022, Bezos granted a $100-million Courage and Civility Award to singer Dolly Parton in recognition of her charity work focused on improving children's literacy around the world. [43] He first worked at Fitel, a fintech telecommunications start-up, where he was tasked with building a network for international trade. Jeff Bezos Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Shares of the company were only $7 on average that year. [285], In September 2018, Business Insider reported that Bezos was the only one of the top five billionaires in the world who had not signed the Giving Pledge, an initiative created by Bill Gates and Warren Buffett that encourages wealthy people to give away a majority of their wealth. [107] In July 2018, it was announced that Bezos had priced commercial spaceflight tickets from $200,000 to $300,000 per person.[108]. [206] He is considered the first registered centi-billionaire (not adjusted for inflation). [235] Bezos and the newspaper's editorial board have dismissed accusations that he unfairly controlled the paper's content and Bezos maintains the paper's independence. Jeff Bezos Notably, journalist Brad Stone wrote a book that described Bezos as a demanding boss as well as hyper-competitive,[133][140] and opined that Bezos perhaps "bet the biggest on the Internet" than anyone else. The company began as an online bookstore and has since expanded to a variety of other e-commerce products and services, including video and audio streaming, cloud computing, and artificial intelligence. Jeff Bezos Facts $3,487 is divided by 47, a fraction. [146][147] His physical appearance increased the public's perception of him as a symbolically dominant figure in business and in popular culture, wherein he has been parodied as an enterprising supervillain. However, Bezos would keep all of the couple's voting rights. He transitioned into the banking industry when he became a product manager at Bankers Trust from 1988 to 1990. The Washington Post reported back then that Bezos was interested in buying the Seahawks. Does Jeff Bezos Own a Sports Team? From being spotted at the Super Bowl to sharing drinks with NFL team owners, Jeff Bezos seems to love sports, but does he own his own team? No, Jeff Bezos does not own a sports team. Nonetheless, he certainly has enough money to buy a sports team with the fortune he has accumulated from Amazon. That shouldn't be an issue for Bezos, who with a net worth of $117.8 billion is one of the world's wealthiest people. Jeffrey Preston Bezos (/bezos/ BAY-zohss;[2] n Jorgensen; born January 12, 1964) is an American entrepreneur, media proprietor, investor, and commercial astronaut. Jeff Bezos $1 Billion Deal With NFL Proves Highly [84] On October 2, 2018, Bezos announced a company-wide wage increase, which Sanders applauded. [32][33] While Jeff was in high school, he worked at McDonald's as a short-order line cook during the breakfast shift. [137][138][139], Bezos was seen by some as needlessly quantitative and data-driven. Jeff Bezos [45][51] Three years after Bezos founded Amazon, he took it public with an initial public offering (IPO). He received Germany's 2018 Axel Springer Award for Business Innovation and Social Responsibility. Aaron Rodgers Answers 'Diva' Question; ESPN Conflicting After a pair of weekend reportsindicating that Snyder wont sell the team to Bezos, A.J. [155][156], Day 1: start upDay 2: stasisDay 3: irrelevanceDay 4: "excruciating, painful decline"Day 5: death, Bezos has stated "it is always Day 1" to describe his growth mindset. [90] Bezos has long expressed an interest in space travel and the development of human life in the Solar System. [69] Due to the growth of Alibaba in China, Bezos has often expressed interest in expanding Amazon into India. Their returns? Jeff Bezos Bezos founded Blue Origin in 2000, just six years after he started Amazon, with the goal of making spaceflight more affordable and more accessible. Jeff Bezos once tried to buy the Seattle Seahawks, even when they werent selling. Jeffrey Preston Jorgensen was born in Albuquerque, New Mexico, on January 12, 1964,[16] the son of Jacklyn (ne Gise) and Theodore Jrgensen. [26] Lawrence retired early to his family's ranch near Cotulla, Texas, where Jeff would spend many summers in his youth. [261] Bezos donated $100,000 towards a movement against a Washington state income tax in 2010 for "top earners". ", "What Has Jeff Bezos Chosen to Spend His $140B On? [44] Bezos was promoted to head of development and director of customer service thereafter. He worked on Wall Street in a variety of related fields from 1986 to early 1994. According to BBC, Bezos's top security staffer, Gavin de Becker,[279] "linked the hack to the Washington Post's coverage of the murder of Saudi writer Jamal Khashoggi at the Saudi consulate in Istanbul". So, lets say he pays $4.5 "I don't want to drag anybody around," he said . [160] Journalist Walt Mossberg dubbed the idea that someone who cannot tolerate criticism or critique shouldn't do anything new or interesting "The Bezos Principle". [259], According to public campaign finance records, Bezos supported the electoral campaigns of Patty Murray and Maria Cantwell, two Democratic U.S. senators from Washington. [56] In response to critical reports from Fortune and Barron's, Bezos maintained that the growth of the Internet would overtake competition from larger book retailers such as Borders and Barnes & Noble. [3][4] He is the founder, executive chairman, and former president and CEO of Amazon. [203] His wealth's rapid growth from 2016 to 2017 sparked a variety of assessments about how much money Bezos earned on a controlled, reduced time scale. [200], Bezos would continue to sporadically surpass Gates throughout the month of October 2017 after Amazon's share price fluctuated. WebFor the years he did pay federal income taxes between 2006 and 2018, Bezos paid a total of about $1.4 billion on a reported income of $6.5 billion, or a rate of about 21.5%. TheAthletic.com also reports that Bezos has been prevented from bidding on the team [66] By January 19, 2018, his Amazon stock holdings had appreciated to slightly over $109billion; months later he began to sell stock to raise cash for other enterprises, in particular, Blue Origin. 5 Things Jeff Bezos Does Other Than Work | Entrepreneur It is the world's largest online sales company, the largest Internet company by revenue, and the largest provider of virtual assistants and cloud infrastructure services through its Amazon Web Services branch. Here's everything that's happened since their relationship began, including a tabloid scandal and possibly even a hack by foreign operatives", "Jeff Bezos Walks Through a One-Way Door, Opening a New Age for Amazon", "Jeff Bezos Accuses National Enquirer of 'Extortion and Blackmail', "Jeff Bezos' nudes were reportedly leaked when his girlfriend Lauren Sanchez sent them to her brother, in a new twist to the dramatic saga here's everything we know so far", "Quoted: She Said, He Said MacKenzie Bezos Vs. As CBS Sports reported back in 2019, Bezos spent some time getting close with several owners back then and he had "strong support within the league" to become an owner at that point. Jeff Bezos 'interested in buying Seahawks', with billionaire [64] On August 4, 2016, Bezos sold another million of his shares for $756.7million. Billionaire Tim Koch has always loved adventure, from riding horses to exploring the At all. [249] Public records, family history, and biographical details suggest that both were raised under some form of Christianity. [104] Since 2016, Bezos has spoken more freely about his hopes to colonize the solar system, and has been selling US$1 billion in Amazon stock each year to capitalize Blue Origin in an effort to support this endeavor. [204], On March 6, 2018, Bezos was designated the wealthiest person in the world, with a registered net worth of $112billion. Jeff Bezos buying an NFL team would be good for the league No. in electrical engineering and computer science; he was also a member of Phi Beta Kappa. The Amazon CEO Keeps His Beliefs to Himself", "What we know, and don't know, about Jeff Bezos' religious beliefs", "Amazon Chief Survives Helicopter Crash in Texas", "Amazon founder Jeff Bezos reveals Star Trek Beyond alien cameo", "Jeff Bezos, long known for guarding his privacy, faces his most public and personal crisis", "Amazon CEO Jeff Bezos and wife MacKenzie to divorce after 25 years of marriage", "Jeff and MacKenzie Bezos are getting divorced after 25 years of marriage", "Jeff Bezos to keep 75 percent of couple's Amazon stock after finalizing divorce", "Amazon's Jeff Bezos, wife, make $2.5million donation for gay marriage", "Amazon.com Contributions to Federal Candidates, 2012 cycles", "How to Understand Donald Trump's #AmazonWashingtonPost Tweet in 3 Easy Steps", "Slammed by Trump, Amazon's Jeff Bezos Chooses Silence", "Why Jeff Bezos Is Dumping Cash into Trump's Swamp", "Donald Trump called out Jeff Bezos on Twitter. [45][43], In late 1993, Bezos read that the Internet was growing at a rate of 2300% a year and decided to establish an online bookstore. As Commanders owner Daniel Snyder continues to ponder selling the team, unless he isnt, the reports regarding the involvement of Amazon founder Jeff Bezos are covering all bases. [51] Bezos used the $54million raised during the company's 1997 equity offering to finance aggressive acquisition of smaller competitors. [92][248] Bezos and MacKenzie have not disclosed their religious status. [116] He was one of the first shareholders in Google, when he invested $250,000 in 1998. [211] Bezos's net worth increased by $33.6billion from January 2017 to January 2018. [14] The suborbital flight lasted over 10 minutes, reaching a peak altitude of 66.5 miles (107.0km). [297], In February 2020, Bezos pledged $10 billion to combat climate change through the Bezos Earth Fund. ", "Jeff Bezos's Net Worth Hits Record $151 Billion After Strong Amazon 'Prime Day', "Jeff Bezos Becomes the Richest Man in Modern History, Topping $150 Billion", "Jeff Bezos Is Now the Richest Man in Modern History, Topping $150 Billion", "Jeff Bezos becomes the richest person in modern history amid Amazon Prime Day kickoff", "Is Jeff Bezos Really the Richest of Them All? As journalist Brad Stone revealed in his book The Everything Store, Bezos issued remarks to his employees such as "I'm sorry, did I take my stupid pills today? [151][bettersourceneeded] In May 2014, the International Trade Union Confederation named Bezos the "World's Worst Boss", with its general secretary Sharan Burrow saying: "Jeff Bezos represents the inhumanity of employers who are promoting the North American corporate model",[152] while in 2019, Harvard Business Review, which ranked Bezos the best-performing CEO for 4 years in a row since 2014, did not rank him even in the top 100, citing Amazon's "relatively low ESG (environment, social, and governance) scores" that reflect "risks created by working conditions and employment policies, data security, and antitrust issues. [142] Bezos has been characterized as a notoriously opportunistic CEO who operates with little concern for obstacles and externalities. [161] Bezos does not schedule early morning meetings and enforces a two-pizza rulea preference that meetings are small enough for two pizzas to feed everyone in the boardroom. But he's now out of the NFL and working as the head coach of the XFL's Houston Roughnecks And Phillips - part of a first family of football in Houston thanks to [256][257][258] On April 4, 2019, the divorce was finalized, with Bezos keeping 75% of the couple's Amazon stock and MacKenzie getting the remaining 25% ($35.6billion) in Amazon stock. [79] This followed revelations by the non-profit group New Food Economy which found that one third of Amazon workers in Arizona, and one tenth of Amazon workers in Pennsylvania and Ohio, relied on food stamps. ", "Jeff Bezos and MacKenzie Bezos have finalized their divorce agreement", "World's richest man Jeff Bezos divorces", "Jeff Bezos, World's Richest Person, Announces Divorce After 25 Years Of Marriage", "MacKenzie Bezos, author, philanthropist, and soon to be world's richest woman? We Have 4 Guesses", "Jeff Bezos to fund schools where 'child will be the customer' with new charity", "Jeff Bezos to Create $2 Billion Fund for Homeless, Preschools", "Jeff Bezos Unveils Multibillion-Dollar Plans For Charitable Giving", "Jeff Bezos donates $33million to scholarship fund for 'dreamers', "Backed by Bill Gates and Jeff Bezos, Breakthrough Energy Ventures places first bets on power storage", "Jeff Bezos donates $10million to organization that helps veterans run for office", "Amazon founder Jeff Bezos commits $10bn to fight climate change", "Jeff Bezos: World's richest man pledges $10bn to fight climate change", "Bezos Earth Fund announces first grants totaling $791M of his $10B pledge to help planet", "Bezos Earth Fund gives nearly $800 million to climate groups in first round of grants", "Jeff Bezos names first recipients of his $10 billion Earth Fund for combating climate change", "Twitter boss pledges $1bn for coronavirus relief", "Why Jeff Bezos's $100 million donation to food banks won't satisfy his critics", "Jeff Bezos Pledges $2B for Nature Conservation as World Leaders Address Deforestation, Emissions", Jeff Bezos's tuition-free preschool is expanding to new locations in Texas and Florida. Jeff Bezos [110] To execute the sale, he established limited liability company Nash Holdings to serve as a holding company through which he would own the newspaper. [260] Jeff Bezos and MacKenzie Bezos have supported the legalization of same-sex marriage, and in 2012 contributed $2.5million to Washington United for Marriage, a group supporting a yes vote on Washington Referendum 74, which affirmed a same-sex marriage law enacted in the state. ", "Amazon is celebrating its 25th birthday. [164] Starting in 1998, Bezos publishes an annual letter for Amazon shareholders wherein he frequently refers to five principles: focus on customers, not competitors; take risks for market leadership; facilitate staff morale; build a company culture; and empower people. "I don't want to drag anybody around," he said . His one line consisted of a response to an alien in distress: "Speak Normally." [292] As part of this announcement, he committed to establishing the "Day 1 Families Fund" to finance "night shelters and day care centers for homeless families" and the "Day 1 Academies Fund" for early childhood education. Jeff Bezos once tried to buy the Seattle Seahawks, even when they werent selling. Web[DanSnydersYacht] Did Jerry Jones meet with Jeff Bezos to discuss the Commanders sale?!! He was high school valedictorian, a National Merit Scholar,[35][36] and a Silver Knight Award winner in 1982. [57] In 2002, Bezos led Amazon to launch Amazon Web Services, which compiled data from weather channels and website traffic. [40] In addition, he was elected to Tau Beta Pi and was the president of the Princeton chapter of the Students for the Exploration and Development of Space (SEDS). Data is a real-time snapshot *Data is delayed at least 15 minutes. [68] On February 1, 2018, Amazon reported its highest ever profit with quarterly earnings of $2billion. [105][106] In May 2018, Bezos maintained that the primary goal of Blue Origin is to preserve the natural resources of Earth by making the human species multi-planetary. Jeff Bezos, Drake and others invest $80 million in sports Bezos became D. E. Shaw's fourth senior vice-president by age 30. [61] In 2013, Bezos secured a $600-million contract with the Central Intelligence Agency (CIA) on behalf of Amazon Web Services. "Bezos" redirects here. Bezos started to wear tailored clothing; he weight trained, pursued a regimented diet and began to freely spend his money. [b], His wealth, in 201718 terms, equaled that of 2.7million Americans. Khashoggi, a Saudi journalist and dissident was employed as a writer at the Washington Post, owned by Bezos. [121][122], Bezos also supports philanthropic efforts through direct donations and non-profit projects funded by Bezos Expeditions. Since that report from November 2019, Bezos' ties with the NFL have only grown. [143] Additionally, Bezos reportedly pitted Amazon teams against each other, and once declined to give Amazon employees city bus passes in order to discourage them from leaving the office. [96] After the crash, Bezos has been superstitiously wearing his "lucky" Texas Cowboy boots to all rocket launches. Overtime's basketball league offers $100K salaries to teen players. The company will use a portion of the funds to fuel its basketball league that pays 16-to-18-year old players at least $100,000 per year. Born in Albuquerque and raised in Houston and Miami, Bezos graduated from Princeton University in 1986. [213] 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. [281][282] Saudi Arabia has denied the claim. ", "Are you lazy or just incompetent? [100] Later in November, Blue Origin's New Shepard space vehicle successfully rocketed into space and reached its planned test altitude of 329,839 feet (100.5 kilometers) before executing a vertical landing back at the launch site in West Texas. "[153], During the late 2010s, Bezos reversed his reputation for being reluctant to spend money on non-business-related expenses. That [50] Bezos initially named his new company Cadabra but later changed the name to Amazon after the Amazon River in South America, in part because the name begins with the letter A, which is at the beginning of the alphabet. [127][128] The engines are currently on display at the Seattle Museum of Flight. [38][39] While at Princeton, Bezos was a member of the Quadrangle Club, one of Princeton's 11 eating clubs. The first centibillionaire on the Forbes wealth index,[8] Bezos was named the "richest man in modern history" after his net worth increased to $150billion in July 2018. [36] His 1982 high school valedictorian senior graduation speech was followed up with a Miami Herald interview in which he expressed an interest to build and develop hotels, amusement parks, and colonies for human beings who were in orbit. This increase outstripped the economic development (in GDP terms) of more than 96 countries around the world. [301][302][303] In April 2020, early in the COVID-19 pandemic, Bezos donated $100 million to food banks through Feeding America.
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