Jeff Bezos

Jeff Bezos is the founding father of each Amazon, the arena’s biggest store, and Blue Origin. With an estimated internet worth of $177 billion, he's the richest man or woman in the world.

Age: 57

Residence: Seattle

Founder and Executive Chair: Amazon (AMZN)

Net Worth: $177 billion1

Amazon Ownership Stake: 11% ($178 billion)

Other Assets: Blue Origin ($7.15 billion non-public assets), The Washington Post

In 1994, Jeff Bezos based Amazon.Com in a garage in Seattle, quickly after he resigned from the hedge fund large D.E. Shaw.3 In reality, he had, in the beginning, pitched the concept of an internet book shop to his former boss David E. Shaw, who wasn’t fascinated. Four

Though Amazon.Com at first began out promoting books, it has because morphed into a one-forestall-keep for the whole thing underneath the sun, and is arguably the arena’s largest retailer. At any rate, it's far difficult to dispute its self-description as the "Earth's most purchaser-centric employer." five Its pattern of steady diversification is evident in a number of its unexpected expansions, which include obtaining Whole Foods in 2017 and launching its personal branded over the counter drugs in Aug. 2017.67

 

Amazon’s share rate skyrocketed at the heightened demand for online shopping as lockdowns forced consumers to live domestic.8 On July 5, 2021, Bezos stepped down as CEO of the e-trade large and transitioned to his new role as its govt chair. Nine

Bezos originally took Amazon public in 1997 and went on to become the primary guy due to the fact that Bill Gates in 1999 to gain an internet well worth of extra than $100 billion in.10eleven Bezos’s other tasks encompass aerospace corporation Blue Origin; The Washington Post, which he purchased in 2013; and the ten,000-12 months clock, also known as the Long Now.12thirteen On July 20, 2021, Bezos, his brother Mark, aviation pioneer Wally Funk, and Dutch pupil Oliver Daemen finished Blue Origin's first successful crewed flight, reaching an altitude of simply above 62 miles before landing correctly.14