There are Many Inspirational story For Success.Which Motivates us to get Success and For Becoming Successful. But The Story Which We are talking about Today is all Favourite Businessman, yeah I am Talking about jeff bezos success story which Changes the Way of Online Shopping in the World. So Without any Delay let’s Start Our Topic jeff bezos success story and know about jeff bezos biography, Companies, Age, Kids, Net Worth, Education, Personal Life, Lifestyle and Many More
Table of Contents
List of content
Success of Amazon
Business and Companies
Family and personal life
An early life of Jeff Bezos
Jeff was born in Mexico to a teenager mother, Jacklyn and father Ted Jorgense. The marriage just continued for over a year. She later remarried to Miguel Bezos in 1968. Jeff was 4 years old at that time. As Jeff grew up he had developed an interest in computer science. After completing his graduation, he got offers from Intel and Bell labs. Jeff denied them all. He joined a startup- Fitel but later decided to quit and join Bankers Trust. By the age of 30, Jeff Bezos was already drawing a six figure salary. Many would call him a successful person but he had other plans. One day while surfing through the internet, he found that the world of web is growing by 2300%. Moving out of his comfort zone, he left his lucrative job at DE Shaw and Company and started his own company.
What are Jeff Bezos’s failures?
There are many ventures that Jeff experimented and initiated which failed terribly. But that’s the culture of growth. If you aren’t failing and making mistakes, you aren’t doing anything important.
Fire phone is one such example of Bezos’s experiment. This project resulted in a loss of $170 million. Despite all efforts, the fire phone couldn’t compete Android and Iphone. Other major failure was Amazon Local. This was an initiative to provide a daily deal which did not come off well. Others in the list are Amazon wallet, Amazon local registers, Music importer, Test Drive, Amazon WebPay, Endless.com, Askville and many more.
Bezos says that experiments that do work out such as Amazon Kindle, Amazon Prime, AWS and others are so successful that they pay for failures.
Why is Amazon so successful?
The determination that went into accomplishing this dream is momentous. Amazon came into existence through ceaseless and constant quest for building a quality organization. Amazon was built on the pillars of strength of character, single minded focus and a will to provide the highest consumer experience to every person associated with the company.
Jeff Bezos went onto to build a web retailing system while the world was still wondering how an internet can function. The key focus for Amazon has never been to defeat competitors. Rather it focuses on helping consumers and building a value for them. This keeps them engrossed in implementing their plans and policies.
Owner of ‘The Washington Post’
On August 5, 2013, Bezos made headlines worldwide when he purchased The Washington Post and other publications affiliated with its parent company, The Washington Post Co., for $250 million.
In 2000, Bezos founded Blue Origin, an aerospace company that develops technologies to lower the cost of space travel to make it accessible to paying customers. For a decade and a half, the company operated quietly.
Bezos Day One Fund
In 2018, Bezos launched the Bezos Day One Fund, which focuses on “funding existing non-profits that help homeless families, and creating a network of new, non-profit tier-one preschools in low-income communities.” The announcement came a year after Bezos had asked his Twitter followers how to donate part of his fortune.
On February 17, 2020, Bezos announced that he was launching the Bezos Earth Fund to combat the potentially devastating effects of climate change. Along with committing $10 billion to the initiative, Bezos said he would begin issuing grants and fund “scientists, activists, NGOs — any effort that offers a real possibility to help preserve and protect the natural world.”
On January 30, 2018, Amazon, Berkshire Hathaway and JPMorgan Chase delivered a joint press release in which they announced plans to pool their resources to form a new healthcare company for their U.S. employees.
Wife and children’s
Bezos met MacKenzie Tuttle when they both worked at D.E. Shaw: he as a senior vice president and she as an administrative assistant to pay the bills to fund her writing career. The couple dated for three months before getting engaged and married shortly thereafter in 1993.
MacKenzie was an integral part of the founding and success of Amazon, helping create Amazon’s first business plan and serving as the company’s first accountant. Although quiet and bookish, she publicly supported Amazon and her husband. A novelist by trade, training under Toni Morrison during her college years at Princeton University, MacKenzie published her first book, The Testing of Luther Albright, in 2005, and her second novel, Traps, in 2013.
After more than 25 years of marriage, Bezos and MacKenzie divorced in 2019. As part of the divorce settlement, Bezos’ stake in Amazon was cut from 16 percent to 12 percent, putting his stake at nearly $110 billion and MacKenzie’s at more than $37 billion. MacKenzie announced that she planned to give away at least half of her wealth to charity.
Bezos and MacKenzie have four children together: three sons and a daughter adopted from China.
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