How Jeff Bezos Create Their Wealth

Biography of Jeff Bezos

Life and Career of Jeff Bezos

Jeff Bezos is the patron of many innovations and one of the most ambitious figures of our time. Jeffrey Preston Jorgensen was born in Albuquerque, New Mexico, on January 12, 1964. Jeff’s resilience was instilled in him from childhood, as he was raised by his mother Jackie and his adoptive father, Miguel Bezos. Miguel, who fled Cuba, had a great influence on Jeff when it came to teaching him the importance of hard work and the power of tenacity.

Bezos has been inventive even as a young child. He once converted his parents’ garage into a laboratory where he fixed various devices and made grand plans. Upon gaining one of the honours, he stepped out of Princeton University in 1986 with a bachelor’s degree in Electrical Engineering and Computer Science.

In a short span, Jeff got his first job in some of the banks on Wall Street including Fitel, and D.E. Shaw & Co. Still, his desire to build businesses could be stifled. In 1994 on his way to Seattle, he conceived of the notion of ‘Amazon’ while sitting in the back seat of a vehicle. Initially, Amazon.com was started as an online bookshop and with the turn of a few heels, it was no longer a bookshop but rather became an empire in e-commerce changing the whole dynamics of shopping.

But it would be inaccurate to say that Bezos’s path has been an easy one. In the beginning, Amazon was not taken seriously, and Jeff invested all his fortune in the company. His grit and enduring faith in the importance of the principles of ‘customers come first’ and innovation made Amazon branch out into other industries such as cloud computing, entertainment and even space.

Jeff continued with the space theme and in 2000 created a company called Blue Origin. Those days, however, have changed as he is one of the wealthiest men in the world but his journey speaks of dreaming the impossible, relentless pursuit and construction. Jeff Bezos has stirred the minds of thousands in a quest to do what is usually impossible and leave a mark in the world which later on is still relevant.

Companies Owned by Jeff Bezos?

All Companies Owned by Jeff Bezos

Jeff Bezos, the founder of the Amazon empire, is not only about e-commerce carrying the order and delivery at one’s doorstep. His undertakings are even more engrossing, reaching various aspects that most of us may never notice. People are curious to see how much he owns and the history of everything he possesses which is why he is always in the limelight.

1. Amazon: Naturally, the biggest of these enterprises is Amazon. Having begun in 1994 as an online book-selling business, it has developed into the leading e-commerce business in the world affecting the way people shop, watch movies, and even leveraging software like Amazon web services (AWS).
2. Blue Origins: Bezos chews some dreams. And there are many, even in outer space. Blue Origins, his separate aerospace ventures, is oriented towards reducing the cost of space travel and making it affordable for everyone. As he famously put it, “I want to be able to look at my grandchildren and have them tell me that they built cities in space.”
3. The Washington Post: His next big venture in Journalism was buying The Washington Post in 2013. So far so good, thanks to the digital revolution; it has passed the test, and it seems there is still a business in tamed and fierce journalism.
4. Zappos & Whole Foods (Through Amazon): These two hugely popular operations are actually under the umbrella of Amazon incorporation, but they are the tasks of Jeff Becker when it comes to devising new ways to think about retailing and serving customers.
5. Bezos Expeditions: This is an investment in the ordinary sense. In this way, he invested in such companies as Airbnb, Uber, Twitter, and several biotech, and education start-ups.
6. Altos Labs: This research lab which aims to find ways to combat aging and prolong life is another because Bezos has recently funded it. This particular undertaking feels very out of this world and yet very personal at the same time.

It is not only about the evolution of the ways of doing trade and shipping goods that stamp his signature on this portfolio. There is a tinge of allure – that of construction, of envisaging a world, half a century ahead, which is because of the industries that he has even ventured into pictures many of them. It doesn’t matter what your admiration of him is; his grasp is enormous, and all of us feel it.

Initial Struggling Days of Jeff Bezos

The Difficult Beginnings of Jeff Bezos’ Life

Similar to King Kong’s early struggles, who faced the same abysmal mountains every other entrepreneur did during the startup days of Amazon, Jeff had his share of risks and uncertainties of what lay ahead M. H. Shaw & Co. was a high-powered Wall Street Firm and by 1994 Bezos was a Vice President in one of its many departments. However, that glamour of finance could not stop him from envisioning the magnitude of the dangerous beast called the internet. A particular figure claiming that the web was expanding at the rate of 2300% per year motivated him to quit his high-paying employment in search of establishing an online bookstore.

The decision was not easy, however. His superior attempted to persuade him not to quit stating it was a “great idea for someone without a good job”. He even confessed that he had a hard time making that call. And yet, eventually, he employed what he would call a ‘regret minimization framework‘: or where he would imagine himself at the age of 80, wondering whether he would regret not having attempted it. That was the push that he needed.

To begin with, Amazon was born in a garage in Bellevue, Washington where Jeff had a desk made out of a spare door and 5 employees who were willing to help. Finances were a big issue; even so, his parents poured their entire savings which was about $300,000 despite the harsh realities of it being a very risky venture. Bezos did all the jobs needed – programmed the site, stuffed the books boxes, and even delivered them to the post office.

There was much doubt, a lot of restlessness and an awful lot of fear of failing. “I knew if I failed, I wouldn’t regret it,” Bezos stated later on. “But I knew the one thing I might regret is not trying.”

Fueled by grit and aspirations, these experiences were the building blocks of the now-famous success saga of Amazon.

How did Jeff Bezos move on from the initial Day struggle?

Overcoming Hurdles: Jeff Bezos’s Style

Everyone has some rough patches and so did Jeff Bezos when Amazon was in its infancy. Just like every person who pursues a big dream, there were difficult days for Bezos too. In 1994, he discarded the comfort of a well-paid job for chasing a wild dream — which was to sell books over the internet. It was anything but easy during those times. Bezos and his eclectic staff operated from a small shed with makeshift tables fashioned out of surplus doors, all to cut costs. He was not spared even by his close friends who wondered how he thought of transforming into an entrepreneur that doing so was possible.

Bezos was different from others because of one character trait – his approach to challenges. Rather, he viewed challenges as part of the entire process. He obsessively pursued the satisfaction of the customers because he believed that satisfied customers were the building blocks for growth. Instead of hunkering down and quitting upon coming across such barriers, he turned them around to strengthen Amazon’s attack.

Bezos did not only endure the challenges; he became tougher. He developed an incredible conviction with which he complimented the ability to pick himself up after a failure and move on; it was one step at a time.

Jeff Bezos Wealth Report

The Wealthiness of Jeff Bezos: The Experience of Vision, Risk and Legacy.

Jeff Bezos, who founded Amazon, is considered one of the richest people in the world with his net worth exceeding 160 billion dollars. However, he considers his wealth as more than a figure on the paper. It has been achieved through the insatiable desire and the invention that has changed the perception of shopping, reading and even viewing the universe in a different aspect – space travel.

However, it is not all sunshine and rainbows when it comes to this issue. Some critiques note the negative attitude of the company to its employees and its practices to outcompete its small rivals. Nevertheless, he has defended his company claiming it is not a net loss for the economy. In recent decades, however, he has been pursuing the dream of space travel through his company Blue Origin, spending billions on his theory of colonizing other planets.

Life Lessons From Jeff Bezos

What We Can Learn About Life from Jeff Bezos

Jeff Bezos’s educational resources, however, reach beyond boards and balance sheets and are certainly macho, more than a business appreciation. He shows the benefits of vision, purpose, and fidelity through her history when she started Amazon in a garage only to manage one of the few powerful companies in existence.

The most important message to young people from him, it's about the need, and the capacity to think and act long-term. He keeps reminding us that we should be more concerned with the next decade or two than with what is reasonable today; Short-term focused management strategies will inevitably lead to negative long-term repercussions. This is a very powerful way to change our orientation towards many human activities. Be it saving, investing, building, or competing for favourable conditions which however seem unattainable for the time being.

On the other hand, Bezos emphasizes the use of surprises. “You cannot have invention without lots of failure,” he states. How many of us are petrified of the mere notion of failure and therefore resort to never attempting anything in the first place? His insistence on the necessity of failure is healing in that it guides one to treat every failure as being every step nearer to a breakthrough.

One of the notable lessons is the ability and the willingness to focus on the customers (or, in life, people one cares about). Statue of Bezos, as this is how Amazon was developed, based all of her activities on consumer obsession, which helps to remember that, in business and out of it, there is always a place for self-centred people who trust and are trustworthy.

Lastly, Bezos advocates for a polarity of ‘minimizing regrets’ so that individuals do not suppress the urge to do certain gratifying things. In case of serious dilemmas, he approaches the matter in this way: What will be the next most regrettable thing I will do, do not do that when I am 80 years old? This standpoint not only encourages but also compels one to be daring and to pursue one’s interests fearlessly and vivaciously.

Read How Elon Musk Create Their Wealth.