HOW JEFF BEZOS CREATED AMAZON
AND BECOME THE RICHEST PERSON OF THE WORLD?
WHO IS JEFF BEZOS?
Jeff Bezos
is an American business man, investor and charity donor and CEO of amazon. He
also founded an aerospace company in September 8, 2000 called blue origin and
CEO of Blue Origin is Bob Smith. He was born in 12 January, 1964 in
Albuquerque, New Mexico, USA. When he was born his mother’s age is 17 years
named Jacklyn Gise Jorgensen and his biological father is Ted Jorgensen. When
Bezos was 4 years old, his mother remarried Mike Bezos, a Cuban immigrant.
BEZOS’S EDUCATION
Bezos show
an early interest in computer science and electrical engineering and he
graduated summa cum laude from Princeton University in 1986 in both subject. He
turned his parent’s garage into a laboratory. He moved to Miami with his family
as a teenager, where he developed a love for computers. It was during high
school that he started his first business, the dream institute, an educational
summer camp for fourth, fifth and sixth grade.
AMAZON STARTUP
After
graduating from Princeton, Bezos found work at several firms on Wall Street, including
Fitel, Bankers Trust, and investment firm D.E. Shaw’s youngest vice president.
While his Career in finance was extremely lucrative, Bezos chose to make a risk
move into the nascent world of e-commerce. He quit his job in 1994, moved to
Seattle and targeted the untapped potential of the internet market by opening
an online bookstore named “AMAZON.COM”
and founded this company on 16 July, 1995 and asking their friends to beta test
this app in its garage.
The initial
success of the company was meteoric. With no promotion, amazon.com sold books
across the United States and in 45 foreign countries within 30 days. In two
months, Sales reached $20,000 a week growing faster than Bezos and his startup
team had envisioned. Amazon.com went on public in 1997, leading many markets
analysts to question whether the company could hold its own when traditional
retailers launched their own e-commerce sites. After two years, it outpaced its
many competitors. In 1998, it starts sells CDs and videos and later clothes and
many things. Amazon sales reached from $510,000 in 1995 to $17 billion in 2011.
In 2018’s annual shareholder letter, amazon prime paid subscriber reached to
100 million. In September 2018, Amazon became second company of the world which
reaches $1 trillion. As you can see the graph given below, company’s share
price increases and reached $1800.62 at September 5, 2019.
Amazon Historical Annual Stock Price Data
|
||||||
Year
|
Average Stock Price
|
Year Open
|
Year High
|
Year Low
|
Year Close
|
Annual % Change
|
2019
|
1795.2584
|
1539.1300
|
2020.9900
|
1500.2800
|
1800.6200
|
19.88%
|
2018
|
1641.7262
|
1189.0100
|
2039.5100
|
1189.0100
|
1501.9700
|
28.43%
|
2017
|
968.1670
|
753.6700
|
1195.8300
|
753.6700
|
1169.4700
|
55.96%
|
2016
|
699.5231
|
636.9900
|
844.3600
|
482.0700
|
749.8700
|
10.95%
|
2015
|
478.1373
|
308.5200
|
693.9700
|
286.9500
|
675.8900
|
117.78%
|
2014
|
332.5510
|
397.9700
|
407.0500
|
287.0600
|
310.3500
|
-22.18%
|
2013
|
298.0322
|
257.3100
|
404.3900
|
248.2300
|
398.7900
|
58.96%
|
2012
|
220.3037
|
179.0300
|
261.6800
|
175.9300
|
250.8700
|
44.93%
|
2011
|
196.6720
|
184.2200
|
246.7100
|
160.9700
|
173.1000
|
-3.83%
|
2010
|
139.1404
|
133.9000
|
184.7600
|
108.6100
|
180.0000
|
33.81%
|
2009
|
87.2811
|
54.3600
|
142.2500
|
48.4400
|
134.5200
|
162.32%
|
2008
|
69.8800
|
96.2500
|
96.2500
|
35.0300
|
51.2800
|
-44.65%
|
2007
|
67.2261
|
38.7000
|
100.8200
|
36.4300
|
92.6400
|
134.77%
|
2006
|
35.9104
|
47.5800
|
47.8700
|
26.0700
|
39.4600
|
-16.31%
|
2005
|
39.8969
|
44.5200
|
49.5000
|
31.7200
|
47.1500
|
6.46%
|
2004
|
43.5652
|
51.9000
|
57.1800
|
33.8300
|
44.2900
|
-15.83%
|
2003
|
37.7382
|
19.5700
|
59.9100
|
19.5700
|
52.6200
|
178.56%
|
2002
|
16.4817
|
10.9600
|
24.2500
|
9.1300
|
18.8900
|
74.58%
|
2001
|
12.2008
|
13.8800
|
21.8800
|
5.9700
|
10.8200
|
-30.46%
|
2000
|
46.5500
|
89.3800
|
89.3800
|
15.1900
|
15.5600
|
-79.56%
|
1999
|
69.0657
|
59.1500
|
106.7000
|
42.7500
|
76.1300
|
42.17%
|
1998
|
15.6647
|
4.9583
|
58.6500
|
4.2608
|
53.5500
|
966.56%
|
Amazon is not only in e-commerce business but
it also provides cloud servicing, digital streaming and artificial
intelligence. It is considered one of the big four technology along with Apple,
Google and Facebook. In 2018, Number of teacher is 647,500 in 2018.
BLUE ORIGIN
Blue Origin,
LLC is an American privately funded aerospace manufacturer and sub-orbital
Spaceflight services company headquarters in Kent, Washington. The company’s motto
is Gradatim Ferociter,
Latin for "Step by Step, Ferociously". It is mainly worked on making
rockets which can takeoff vertically and landing also. For running Blue Origin,
Jeff Bezos sell $1 billion shares of Amazon. No. of employee in Origin is 2000.
For knows more about Blue origin click at this BLUE ORIGIN. Blue origin also
deal a contract with US Air Force, Under Blue
Origin's LSA award, the Air Force agreed to give the
company up to $500 million between 2019 and 2024 to help cover the costs of
getting the reusable New Glenn heavy-lift rocket and its infrastructure ready
to support military Launches.
MOST EXPENSIVE DIVORCE OF WORLD
The
world’s biggest divorce settlement will be made official as Amazon billionaire Jeff Bezos hands over a 4% stake in the
online shopping giant to his soon-to-be ex-wife MacKenzie Bezos.
A
judge is expected to sign legal papers transferring the Amazon shares – worth
$38bn (£29bn) – into MacKenzie Bezos’s name. It is by some distance the largest
divorce settlement in history the previous record was $2.5bn paid to
Jocelyn Wildenstein when she divorced art dealer Alec Wildenstein in 1999.
Following
the settlement MacKenzie Bezos, 49, an author, will become the world’s
fourth-richest woman, and has already promised to give away at least half of her fortune.
MacKenzie,
who married Jeff in 1993, a year before he started Amazon from his garage in Seattle, has
said she had “a disproportionate amount of money to share” and promised to work
hard at giving it away “until the safe is empty”.
She made the declaration in a letter to the Giving
Pledge, the philanthropic initiative created by the investor
Warren Buffett and Microsoft’s principal founder, Bill Gates, to encourage the
world’s richest people to commit to giving away at least half their wealth to
charity.
His
hard work and passion about technology made him the richest person of this
world. He handles two companies. He takes a risk of starting amazon after resigning
from a fat salary job. If you want to know more about then you must buy
this(PICTURE BELOW).
 |
| One of my favourite book |
THANK YOU
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