Tuesday 8 April 2014

Jeff Bezos, Man Behind the Success of Amazon.com



Jeff Bezos, full name Jeffery Preston Jorgenson, was born in Mexico in 1964. He turned out to be the most inquisitive child who turned the garage of the house in to a laboratory where he experimented all his queries. And as a toddler he dismantled his own crib with a screwdriver. This intelligent kid turned out to be the valedictorian in high school. He also started his first business in 1982 in High school with the name of Dream Institute. It was a summer camp for fifth and sixth grader. Jeff graduated with majors in computer science and electrical engineering with highest grades.
His work life started with computer science field in Wall Street in 1986 and in 1992 he became the youngest Vice President of D.E. Shaw & Co. In next two years he established his own business of Amazon.com and become one of the best entrepreneurs. Jeff Bezos success begins when he devised the business plan of Amazon.com on his way from New York to Seattle’s. Amazon.com, Inc. (AMZN) was launched in 1995 and its first months it generated sales from over 30 countries. In further five years various things were added to Amazon for the diversification such as CD, Clothes, etc. the first profit of Amazon was realized in 2011 and company’s market cap reached $100 billion. Almost 73 orders per second are received in Amazon during Christmas season.
Other business formed by the Jeff Bezos is Blue Origin, which is an aerospace company. He also acquired Washington Post in 2013 for $250 million.

This Valedictorian of High School graduated with 4.3 GPA out of 4 and was named “Person of the year” by Time Magazine in 1999. According to Bloomberg Jeff Bezos’ net worth is $36 billion.

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