[75] Weeks later, Bezos recouped his losses when academic reports out of Stanford University indicated that Trump could do little to regulate Amazon in any meaningful way. [95] In September 2011, one of the company's unmanned prototype vehicles crashed during a short-hop test flight. [168] Bezos has cited Jeff Immelt (of New Enterprise Associates),[169] Warren Buffett (of Berkshire Hathaway), Jamie Dimon (of JPMorgan Chase), and Bob Iger (of Walt Disney) as major influences on his leadership style. Jeffrey Preston Bezos (/bezos/ BAY-zohss;[2] n Jorgensen; born January 12, 1964) is an American entrepreneur, media proprietor, investor, and commercial astronaut. [120] In January 2018, an announcement was made concerning Bezos's role within a new, unnamed healthcare company. [199] After sporadic jumps in Amazon's share price, in July 2017 he briefly unseated Microsoft cofounder Bill Gates as the wealthiest person in the world. 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. He launched nine days after Richard Branson launched onboard The Virgin Galactic Unity 22 mission. Bezos founded Amazon in late 1994 on a road trip from New York City to Seattle. He received Germany's 2018 Axel Springer Award for Business Innovation and Social Responsibility. [41][42], After Bezos graduated from college in 1986, he was offered jobs at Intel, Bell Labs, and Andersen Consulting, among others. But Soon, the F.A.A. [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. [97] In May 2013, Bezos met with Richard Branson, chairman of Virgin Galactic, to discuss commercial spaceflight opportunities and strategies. [37] In 1986, he graduated summa cum laude from Princeton University with a 4.2 GPA and a Bachelor of Science in Engineering degree (B.S.E.) Khashoggi was killed in late 2018, in Turkey's Saudi consulate for his critical stance and journalism against the Saudi government and its leader. 3 among the worlds richest, after Amazons stock tanked following a downbeat [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. Whats more, the report also said that [65] A year later, Bezos took on 130,000 new employees when he ramped up hiring at company distribution centers. "Overtime has built an unrivaled brand and global community from scratch in just five years. Shares of the company were only $7 on average that year. [270] In November 2019, when the contract was awarded to Microsoft instead, Amazon filed a lawsuit with allegations that the bidding process was biased. 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". [206] He is considered the first registered centi-billionaire (not adjusted for inflation). [137], Bezos uses the term "worklife harmony" instead of the more standard "worklife balance" because he believes that balance implies that you can only have one and not the other. Bezos not only invested in the real estate startup's seed round in 2021, but he doubled down on that investment during the company's series A last year. [116] He was one of the first shareholders in Google, when he invested $250,000 in 1998. [306], Bezos Academy is a group of tuition-free preschools for students from low-income families, which was created by Bezos, and which operate in a manner similar to the Montessori method. Entrepreneur and world-renowned e-commerce pioneer Jeff Bezos is something of a household name these days. On July 20, 2021, he flew to space alongside his half-brother,[1] Mark. [7] The company has recruited prominent scientists such as Juan Carlos Izpisa Belmonte (known for work on rejuvenation through reprogramming), Steve Horvath (known for work in epigenetic aging clocks), and Shinya Yamanaka (the Nobel Prize-winning inventor of cellular reprogramming in mammalian cells). Teds grandfather had immigrated from now Denmark to Chicago around 1900. Shaw in 1994 and moved to Washington State to start Amazon as an Internet bookstore. [274], In 2019, a political action committee linked to Bezos spent over $1million in an unsuccessful attempt to defeat the reelection bid of Seattle city council member and activist Kshama Sawant. He holds a degree in electrical engineering and computer science. WebThere is little chance that Jeff Bezos will slow down after stepping down as Amazon CEO. [165][166] Bezos maintains the email address jeff@amazon.com[167] as an outlet for customers to reach out to him and the company. [289][290] A year later in June, he tweeted that he would announce two philanthropic foci by the end of summer 2018. [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. When he studied at Stanford, he joined a variety of sports teams, including in-line skating, skiing, gymnastics, and trapeze. [287], In May 2017, Bezos gave $1million to the Reporters Committee for Freedom of the Press, which provides pro bono legal services for American journalists. [43] He first worked at Fitel, a fintech telecommunications start-up, where he was tasked with building a network for international trade. Jeff himself revealed that before [295][bettersourceneeded] In June 2018, Bezos donated to Breakthrough Energy Ventures, a private philanthropic fund founded by Bill Gates aimed at promoting emissions-free energy. "We believe this is just the tip of the iceberg, as we develop new ways for Overtime to engage with and entertain the next generation of athletes and fans.". 1) Hes capable of paying whatever for a team. Bezos founded Amazon in late 1994, on a cross-country road trip from New York City to Seattle. The company began as an online bookstore and has since expanded to a wide variety of other e-commerce products and services, including video and audio streaming, cloud computing, and artificial intelligence. [68] On February 1, 2018, Amazon reported its highest ever profit with quarterly earnings of $2billion. Investors in OTE include Portland Trail Blazers forward Carmelo Anthony, Brooklyn Nets star Kevin Durant and Silicon Valley venture capital firm Andreessen Horowitz. Amazon.com, Inc. v. Barnesandnoble.com, Inc. Trial of Kenneth Lay and Jeffrey Skilling, https://en.wikipedia.org/w/index.php?title=Jeff_Bezos&oldid=1142501289, Businesspeople from Albuquerque, New Mexico, Fellows of the American Academy of Arts and Sciences, People who have flown in suborbital spaceflight, Princeton University School of Engineering and Applied Science alumni, CS1 maint: bot: original URL status unknown, Wikipedia pages semi-protected against vandalism, All Wikipedia articles written in American English, Pages using infobox person with multiple partners, Articles with failed verification from September 2020, Articles lacking reliable references from March 2021, Pages using Sister project links with hidden wikidata, Creative Commons Attribution-ShareAlike License 3.0, In 1999, Bezos received his first major award when, Bezos was awarded an honorary doctorate in science and technology from, In 2012, Bezos was named Businessperson of the Year by, 20142018, he was ranked the best-performing CEO in the world by, In September 2016, Bezos received a $250,000 prize for winning the, In February 2018, Bezos was elected to the. [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. [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. [276][277], In March 2018, Bezos met in Seattle with Mohammad bin Salman, the crown prince and de facto ruler of Saudi Arabia, to discuss investment opportunities for Saudi Vision 2030. The Washington Post reported back then that Bezos was interested in buying the Seahawks. [28] Multiple opinion columnists responded by asking Bezos to pay higher wages to Amazon warehouse workers. WebForbes estimates that Bezos has donated $2.4 billionless than 2% of his total net worthto charitable causes during his lifetime. [230], In February 2020, Bezos purchased the Warner Estate from David Geffen for $165 million,[231][232] a record price paid for a residence in the Los Angeles area. [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. [94] After the company gained the public's attention during the late 2000s, Bezos additionally indicated his interest in reducing the cost of space travel for humans while also increasing the safety of extraterrestrial travel. As of now, players who join are not eligible for collegiate-level play. Getty. 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? [238][239], In January 2019, Bezos and his wife Mackenzie Scott released a joint statement which revealed that they would be getting divorced after 25 years together. However, Bezos was not included in that stage of the bidding. [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. [288] On June 15, 2017, he posted a message on Twitter asking for ideas for philanthropy: "I'm thinking about a philanthropy strategy that is the opposite of how I mostly spend my timeworking on the long term". [7], The company left stealth mode and launched on January 19, 2022, with a start capital of $3 billion and an executive team led by Hal Barron. [163], He meets with Amazon investors for a total of only six hours a year. [240][241] Later, Bezos published an online essay on February 7, 2019, in which he accused American Media, Inc. owner David Pecker of "extortion and blackmail" for threatening to publish intimate photos of Bezos and current girlfriend Lauren Snchez[242] if he did not stop his investigation into how his text messages and other photos had been leaked to the National Enquirer. ", and "Why are you ruining my life?". [45][51] Three years after Bezos founded Amazon, he took it public with an initial public offering (IPO). 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. WebBezos made a cameo appearance playing an alien in the film Star Trek Beyond. [228] Bezos had also purchased three adjoining apartments at 25 Central Park West in Manhattan for $7.65 million in 1999;[229][230] he bought a fourth unit in that building for $5.3 million in 2012. Whether it is his business life or fitness life, Jeff Bezos has always been the alpha of both. [268] A 2018, $10billion contract known as the Joint Enterprise Defense Infrastructure (JEDI) project, this time with the Pentagon, was allegedly written up in a way that favors Amazon. The fundraising comes more than a month after Overtime announced a paid basketball league for young players. [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). [237] In 2013, more than 400 Washington Post employees wrote an open letter to Bezos criticizing his poor wages and benefits for his employees. In this handout image provided by SportsPro, Dan Porter, Overtime speaks during the SportsPro OTT Summit USA 2020 at Turner Studios on February 19, 2020 in Atlanta, Georgia. A.J. [301][302][303] In April 2020, early in the COVID-19 pandemic, Bezos donated $100 million to food banks through Feeding America. To date, the Brooklyn-based Overtime says it has raised more than $140 million. [157][158], Bezos used what he called a "regret-minimization framework" while he worked at D.E. Shaw and again during the early years of Amazon. Jeff Bezos once tried to buy the Seattle Seahawks, even when they werent selling.

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