Amazon founder richest man

Jeff Bezos

American businessman (born )

"Bezos" redirects here. For other people polished the surname, see Bezos (surname).

Jeffrey Preston Bezos (BAY-zohss;[2]né&#;Jorgensen; born Jan 12, ) is an Land businessman best known as description founder, executive chairman, and nag president and CEO of Giantess, the world's largest e-commerce gift cloud computing company. He keep to the second wealthiest person propitious the world, with a moral fibre worth of US$ billion pass for of December 17, , according to Forbes and Bloomberg Billionaires Index.[3] He was the overwhelm person from to , according to both the Bloomberg Billionaires Index and Forbes.[4][5]

Bezos was dropped in Albuquerque and raised beginning Houston and Miami. He progressive from Princeton University in knapsack degrees in electrical engineering meticulous computer science. He worked discovery Wall Street in a range of related fields from tell somebody to early Bezos founded Amazon contact mid on a road voyage from New York City disrespect Seattle. The company began trade in an online bookstore and has since expanded to a classify of other e-commerce products contemporary services, including video and sound streaming, cloud computing, and puton intelligence. It is the world's largest online sales company, glory largest Internet company by returns, and the largest provider clutch virtual assistants and cloud sordid services through its Amazon Spider`s web interlacin Services branch.

Bezos founded nobility aerospace manufacturer and sub-orbital spacefaring services company Blue Origin beginning Blue Origin's New Shepard means reached space in and later successfully landed back on Earth; he flew into space stroke Blue Origin NS in Recognized purchased the major American repayment The Washington Post in financial assistance $&#;million and manages many spanking investments through his venture means firm, Bezos Expeditions. In Sept , Bezos co-founded Altos Labs with founder Yuri Milner.[6]

The cardinal centibillionaire on the Forbes Actual Time Billionaires Index and loftiness second ever to have eclipsed the feat since Bill A surname or barriers in , Bezos was dubbed the "richest man in contemporary history" after his net property increased to $&#;billion in July [7] In August , according to Forbes, he had skilful net worth exceeding $&#;billion. Push July 5, , Bezos walked or moved in steps down as the CEO plus president of Amazon and took over the role of chief executive chairman. Amazon Web Services Top dog Andy Jassy succeeded Bezos reorganization the CEO and president assess Amazon.

Early life and education

Jeffrey Preston Jorgensen was born going over January 12, , in City, New Mexico,[8] as the woman of Jacklyn (née Gise) limit Ted Jorgensen.[9] At the lifetime of Jeff's birth, his jocular mater was a year-old high-school apprentice and his father was [10] Ted was a Danish Land unicyclist[11] born in Chicago flavour a family of Baptists.[12] Afterward completing high school despite rigid conditions, Jacklyn attended night high school, bringing her baby with her.[13] Jeff attended a Montessori secondary in Albuquerque when he was 2.[14]

Ted struggled with alcohol be first with his finances.[15] Jacklyn incomplete her husband to live convene her parents, filing for severance in June when Jeff was 17 months old.[16] After sovereign parents divorced, his mother connubial Cuban immigrantMiguel "Mike" Bezos limit April [17] Shortly after authority wedding, Mike adopted 4-year-old Jeff, whose surname was then with permission changed from Jorgensen to Bezos.[18] Jacklyn, her husband, and yield son left the area streak asked Ted to discontinue stir, to which he agreed.[19]

After Microphone received his degree from justness University of New Mexico, nobleness family moved to Houston, Texas, so that he could originate working as an engineer need Exxon.[20] Jeff attended River Oaks Elementary School in Houston free yourself of fourth to sixth grade.[21] Jeff's maternal grandfather was Lawrence Preston Gise, a regional director chief the U.S. Atomic Energy Credential (AEC) in Albuquerque.[22]

Lawrence retired entirely to his family's ranch secure Cotulla, Texas, where his grandson would spend many summers profit his youth[23] and which why not? would later purchase and swell from 25, acres (10,&#;ha) conjoin , acres (,&#;ha).[24][25] Jeff displayed scientific interests and technological expertness and once rigged an galvanizing alarm to keep his one-time half-siblings out of his room.[26][27] The family moved to Algonquian, Florida, where Jeff attended Algonquian Palmetto High School.[28][29] In soaring school, he worked at McDonald's as a short-order line inscribe during the breakfast shift.[30]

Bezos overflowing with the Student Science Training Syllabus at the University of Florida. He was high school student, a National Merit Scholar,[31][32] abstruse a Silver Knight Award promote in [31] In his exercise speech, Bezos told the encounter that he dreamed of influence day when mankind would locate space. A local newspaper quoted his intention "to get each people off the earth weather see it turned into trim huge national park".[33]

After graduating come across high school in , Bezos attended Princeton University. He at first majored in physics but late switched to electrical engineering favour computer science. In , alongside a talk at The Pecuniary Club of Washington, D.C., Bezos revealed that, some thirty age ago, his Princeton classmate Yasantha Rajakarunanayake had defeated him the same solving a mathematical problem, causation him to give up accuse his dreams of becoming capital theoretical physicist.[35][36][37][38][39]

Bezos was a 1 of the Quadrangle Club, tune of Princeton's 11 eating clubs.[40] Additionally, he was the official of the Princeton chapter exclude the Students for the Probe and Development of Space (SEDS).[41][42] He had a GPA bear was elected to Phi Chenopodiaceae Kappa and Tau Beta Goody-goody. Bezos graduated from Princeton comic story with a Bachelor of Body of laws in Engineering (BSE), summa cum laude.[44]

Business career

Early career

After Bezos gradual from college in , earth was offered jobs at Intel, Bell Labs, and Andersen Consulting, among others.[45] He first stilted at Fitel, a fintech communication start-up, where he was tasked with building a network demand international trade.[46] Bezos was promoted to head of development duct director of customer service. Take steps transitioned into the banking work when he became a commodity manager at Bankers Trust overexert to From to , be active worked at D. E. Humourist & Co, a newly actualized hedge fund with a amusing emphasis on mathematical modelling. Bezos became D. E. Shaw's part senior vice-president by age [47][45]

Amazon

Main article: Amazon

In spring , Bezos read that web usage was growing at a rate cut into % a year and someday decided to establish an on-line bookstore.[48] He and his then-wife, MacKenzie Scott, left their jobs at D. E. Shaw subject founded Amazon in a rented garage in Bellevue, Washington send-up July 5, , after verbal skill its business plan on fine cross-country drive from New Dynasty City to Seattle.[49][50] With Bezos at the helm and Histrion taking an integral role breach its operation—writing checks, keeping remnant of the books, and negotiating the company's first freight contracts—the foundation was laid for that garage-run operation to grow exponentially.[51] Prior to settling in City, Bezos had investigated setting doling out his company at an Amerindic reservation near San Francisco boast order to avoid paying taxes.[52] Bezos initially named his contemporary company Cadabra but later deviating the name to Amazon fend for the Amazon River in Southeast America, in part because integrity name begins with the note A, which is at authority beginning of the alphabet.[53] Heroic act the time, website listings were alphabetized, so a name original with "A" would appear in front when customers conducted online searches.[54] In addition, he regarded "Amazon," the name of the world's largest river as fitting be directed at what he hoped would grow the world's largest online bookstore.[54] He accepted an estimated $, from his parents as distinction investment in Amazon.[50][55][56] He warned many early investors that with reference to was a 70% chance dump Amazon would fail or advance bankrupt.[57] Although Amazon was pioneer an online bookstore, Bezos difficult always planned to expand forbear other products.[47][53] Three years puzzle out Bezos founded Amazon, he took it public with an inaugural public offering (IPO).[58] In reaction to critical reports from Fortune and Barron's, Bezos maintained lapse the growth of the Www would overtake competition from bigger book retailers such as Precincts and Barnes & Noble.[53]

In , Bezos diversified into the on the web sale of music and record, and by the end magnetize the year he had encyclopedic the company's products to contain a variety of other purchaser goods.[53] Bezos used the $54&#;million raised during the company's fairness offering to finance the bellicose acquisition of smaller competitors.[53] Between these acquisitions were his union of a majority stake beget in and a purchase a selection of a portion of for $60 million, both of which would fail after the dot-com breathe fire and slaugh collapse in [59] By class end of , Bezos alien $2 billion from banks, likewise its cash balances dipped plug up only $&#;million.[59] However, the ballet company continued to expand despite sheltered losses,[59] and in , Bezos led Amazon to launch Mammoth Web Services, which compiled information from weather channels and site traffic.[53] Revenues stagnated later wander year,[60] and after the society nearly went bankrupt, he accomplished distribution centers and laid fend off 14% of the Amazon workforce.[59] In , Amazon rebounded strange financial instability and turned deft profit of $35&#;million.[61][62]

In November , Bezos launched the Amazon Kindle.[63] According to a Time silhouette, Bezos wished to create exceptional device that allowed a "flow state" in reading similar go on a trip the experience of video games.[64] In , Bezos secured a- $million contract with the Inside Intelligence Agency (CIA) on advantage of Amazon Web Services.[65] Entertain October of that year, Titan was recognized as the choicest online shopping retailer in justness world.[66]

In May , Bezos wholesale slightly more than one mint shares of his holdings collective the company for $&#;million, ethics largest sum he had ingenious raised from selling some exempt his Amazon stock.[67] On Grave 4, , Bezos sold choice million of his shares in the vicinity of $&#;million.[68] A year later, Bezos took on , new organization when he ramped up arrangement at company distribution centers.[69] Disrespect January 19, , his Virago stock holdings had appreciated make sure of slightly over $&#;billion; months succeeding he began to sell intact to raise cash for blot enterprises, in particular, Blue Origin.[70] On January 29, , be active was featured in Amazon's Fabulous Bowl commercial.[71] On February 1, , Amazon reported its chief ever profit with quarterly revenue of $2&#;billion.[72] Due to leadership growth of Alibaba in Mate, Bezos has often expressed carefulness in expanding Amazon into India.[73] On July 27, , Bezos momentarily became the world's in the most suitable way person over Microsoft co-founder Restaurant check Gates when his estimated give worth increased to just more than $90&#;billion. His wealth surpassed $&#;billion for the first time ideal November 24, , and let go was formally designated the maximum effort person in the world stomach-turning Forbes on March 6, , with a net worth near $&#;billion.[74]

In March , Bezos dispatched Amit Agarwal, Amazon's global postpositive major vice president, to India identify $&#;billion to localize operations all through the company's supply chain routes.[76] Later in the month, U.S. President Donald Trump accused Woman and Bezos, specifically, of garage sale tax avoidance, misusing postal public relations, and anti-competitive business practices.[77] Amazon's share price fell by 9% in response to the President's negative comments; this reduced Bezos's personal wealth by $&#;billion.[78] Weeks later, Bezos recouped his wounded when academic reports out endorsement Stanford University indicated that Ruff could do little to curtail Amazon in any meaningful way.[79] During July , a enumerate of members of the U.S. Congress called on Bezos decide detail the applications of Amazon's face recognition software, Rekognition.[80]

Criticism ticking off Amazon's business practices continued groove September when Senator Bernie Sanders introduced the Stop Bad Charge by Zeroing Out Subsidies (Stop BEZOS) Act and accused River of receiving corporate welfare.[82] That followed revelations by the non-profit group New Food Economy which found that one third win Amazon workers in Arizona, allow one tenth of Amazon organization in Pennsylvania and Ohio, relied on food stamps.[83] While development to introduce the bill, Sanders opined: "Instead of attempting tender explore Mars or go decimate the moon, how about Jeff Bezos pays his workers adroit living wage?"[84] He later said: "Bezos could play a discriminating role. If he said these days, nobody who is employed main Amazon will receive less go one better than a living wage, it would send a message to evermore corporation in America."[85] Sanders's efforts elicited a response from Giant which pointed to the , jobs it created in pole called the $28, figure convoy its median salary "misleading" introduction it included part-time workers.[86] Banish, Sanders countered that the companies targeted by his proposal receive placed an increased focus jump on part-time workers to escape profit obligations.[87] On October 2, , Bezos announced a company-wide shake increase, which Sanders applauded.[88] Interpretation American workers who were questionnaire paid the minimum wage difficult this increased to $15 clank hour, a decision that was interpreted as support for dignity Fight for $15 movement.[89]

In Feb , Bezos announced that incline the third quarter of type would step down from government role as CEO of Virago to become the Executive Controller of the Amazon Board. Agreed was succeeded as CEO shy Andy Jassy.[90][91][92] On February 2, , Bezos sent an email[93] to all Amazon employees, influential them the transition would furnish him "the time and faculty [he] need[s] to focus accepted wisdom the Day 1 Fund, dignity Bezos Earth Fund, Blue Starting point, The Washington Post, and [his] other passions."[94] In February , Bezos sold 24 million shares in Amazon at a value of $4 billion. Bezos announced that he intended regard sell 50 million shares dupe Amazon over the next year.[95] During an interview at probity DealBook Summit in December , Bezos said that he was dedicating 95% of his in the house to artificial intelligence initiatives better Amazon.[96][97]

Blue Origin

Main article: Blue Origin

In September , Bezos founded Dismal Origin, a human spaceflightstartup.[98] Bezos has long expressed an corporate in space travel and honourableness development of human life stop in full flow the Solar System.[32] His big school valedictorian senior graduation story was followed up with boss Miami Herald interview in which he expressed an interest drive build and develop hotels, enjoyment parks, and colonies for oneself beings who were in orbit.[99] The year-old Bezos stated put off he wanted to preserve Without ornamentation from overuse through resource depletion.[]Rob Meyerson led Blue Origin foreigner to and served as untruthfulness first president.[]

After its founding, Depressed Origin maintained a low thumbnail until when it purchased natty large tract of land exclaim West Texas for a powers that be and test facility.[] After high-mindedness company gained the public's regard during the late s, Bezos additionally indicated his interest bland reducing the cost of storage travel for humans while besides increasing the safety of delightful travel.[] In September , companionship of the company's uncrewed model vehicles crashed during a short-hop test flight. Although the pealing was viewed as a misfortune, news outlets noted how far-away the company went from corruption founding-to-date in advancing spaceflight.[] Back end the crash, Bezos has back number superstitiously wearing his "lucky" Texas Cowboy boots to all fly launches.[] In May , Bezos met with Richard Branson, chairperson of Virgin Galactic, to talk commercial spaceflight opportunities and strategies.[] He has been compared command somebody to Branson and Elon Musk variety all three are billionaires who prioritize spaceflight among their dole out interests.[]

In , Bezos announced range a new orbital launch channel was under development and would make its first flight now the lates.[] Later in Nov, Blue Origin's New Shepard elbow-room vehicle successfully rocketed into sustain and reached its planned phone altitude of , feet ( kilometers) before executing a upright landing back at the furnish site in West Texas. Beginning , Bezos allowed select bustle to visit, tour, and photo his facility.[] He has a lot called for increased inter-space vitality and industrial manufacturing to intersect the negative costs associated come together business-related pollution.[]

In December , Recent Shepard successfully flew and worthwhile dummy passengers, amending and go-ahead its human space travel get to it date into late [] Involve execute this program, Blue Make happen built six of the vehicles to support all phases obvious testing and operations: no-passenger discernment flights, flights with test business, and commercial-passenger weekly operations.[] Thanks to , Bezos has spoken advanced freely about his hopes regard colonize the solar system, stomach has been selling $1 company in Amazon stock each assemblage to capitalize Blue Origin compel an effort to support that endeavor.[][] In May , Bezos maintained that the primary purpose of Blue Origin is be a consequence preserve the natural resources interrupt Earth by making the individual species multi-planetary.[] He announced defer New Shepard would begin transference humans into sub-orbital space next to November [] In July , it was announced that Bezos had priced commercial spaceflight tickets from $, to $, go rotten person.[]

Spaceflight

On July 20, , significant launched on the NS life work with his half-brother Mark Bezos, Wally Funk, and Oliver Daemen.[] He launched nine days stern Richard Branson launched on counter the Virgin Galactic Unity 22 mission. Bezos's suborbital flight lasted over 10 minutes, reaching exceptional peak altitude of miles (&#;km).[]

The Washington Post

See also: The Educator Post

On August 5, , Bezos announced his purchase of The Washington Post for $&#;million unite cash,[] at the suggestion round his friend, Don Graham.[] Relate to execute the sale, he measure limited liability companyNash Holdings wring serve as a holding group through which he would lay aside the newspaper.[] The sale compressed on October 1, , current Nash Holdings took control.[] Fall to pieces March , Bezos made tiara first significant change at The Washington Post and lifted leadership online paywall for subscribers look up to a number of U.S. limited newspapers in Texas, Hawaii, perch Minnesota.[] In January , Bezos set out to reinvent birth newspaper as a media bid technology company by reconstructing tight digital media, mobile platforms, limit analytics software.[] After a heave in online readership in , the paper was profitable purpose the first time since Bezos made the purchase in []

Bezos Expeditions

Main article: Bezos Expeditions

Bezos accomplishs personal investments through his aside capital vehicle, Bezos Expeditions.[] Prohibited was one of the gain victory shareholders in Google, when loosen up invested $, in That $, investment resulted in &#;million shares of Google stock, worth intend $&#;billion in [][] He too invested in Unity Biotechnology, neat as a pin life-extension research firm hoping get to slow or stop the technique of aging.[] Bezos is join in in the healthcare sector, which includes investments in Unity Ergonomics, GRAIL, Juno Therapeutics, and Zocdoc.[] In January , an communication was made concerning Bezos's impersonation within a new, unnamed aid company. This venture, later name Haven, is expected to aptitude a partnership between Amazon, JPMorgan, and Berkshire Hathaway.[][]

Bezos also supports philanthropic efforts through direct alms-giving and non-profit projects funded make wet Bezos Expeditions.[] Bezos used Bezos Expeditions to fund several generous projects, including an Innovation affections at the Seattle Museum stand for History and Industry and interpretation Bezos Center for Neural Method Dynamics at Princeton Neuroscience Institute.[][] In , Bezos Expeditions funded the recovery of two Saturn V first-stage Rocketdyne F-1 machines from the floor of probity Atlantic Ocean.[] They were certainly identified as belonging to glory Apollo 11 mission's S-1C stratum from July [][] The machines are currently on display argue the Seattle Museum of Flight.[][]

Altos Labs

Main article: Altos Labs

In Sept , Bezos co-founded Altos Labs with founder Yuri Milner. Altos Labs is a well-funded engineering company dedicated to harnessing honeycombed reprogramming to develop longevity therapeutics.[6] The company has recruited distinguishable scientists such as Juan Carlos Izpisúa Belmonte (known for labour on rejuvenation through reprogramming), Steve Horvath (known for work beget epigenetic aging clocks), and Shinya Yamanaka (the Nobel Prize-winning creator of cellular reprogramming in mammal cells).[6] The company left slyness mode and launched on Jan 19, , with a come out of capital of $3 billion illustrious an executive team led lump Hal Barron.[]

Public image

Journalist Nellie Bowles of The New York Times has described the public an important person and personality of Bezos though that of "a brilliant on the contrary mysterious and coldblooded corporate titan".[] During the s, Bezos justifiable a reputation for relentlessly approaching Amazon forward, often at authority expense of public charity subject social welfare.[][] Journalist Mark O'Connell criticized Bezos's relentless customer promptly as "very small" in footing of impact on humanity makeover a whole,[] a sentiment soul Tim O'Reilly agreed with.[] Her majesty business practices projected a let slip image of prudence and cantankerousness with his own wealth arena that of Amazon. In , Bezos was worth $10 bunch yet drove a Honda Accord.[] Throughout the early s, perform was perceived to be geeky or nerdy.[][][]

Bezos was seen wedge some as needlessly quantitative become peaceful data-driven.[][] This perception was absolute by Alan Deutschman, who alleged him as "talking in lists" and "[enumerating] the criteria, call a halt order of importance, for now and again decision he has made."[] Show a preference for accounts of his persona conspiracy drawn controversy and public bring together. Notably, journalist Brad Stone wrote a book that described Bezos as a demanding boss bit well as hyper-competitive,[][] and opined that Bezos perhaps "bet position biggest on the Internet" mystify anyone else.[] Bezos has antique characterized as a notoriously selfish CEO who operates with around concern for obstacles and externalities.[][]

During the early s, Bezos coagulated his reputation for aggressive employment practices, and his public presence began to shift. Bezos in motion to wear tailored clothing; agreed weight trained, pursued a miserly diet and began to candidly spend his money.[] His lay transformation has been compared line of attack the transformation of Amazon; stylishness is often referred to introduce the metonym of the company.[][] Since , he has antiquated portrayed by Kyle Mooney distinguished Steve Carell on Saturday Shades of night Live, usually as an undercutting, domineering figure.[] His physical manufactured goods increased the public's perception show consideration for him as a symbolically vital figure in business and pressure popular culture, wherein he has been parodied as an energetic supervillain.[][][]

In May , the Ubiquitous Trade Union Confederation named Bezos the "World's Worst Boss", varnished its general secretary Sharan Dig saying: "Jeff Bezos represents prestige inhumanity of employers who funds promoting the North American theatre group model",[] while in , Harvard Business Review, which ranked Bezos the best-performing CEO for 4 years in a row on account of , did not rank him even in the top , citing Amazon's "relatively low ESG (environment, social, and governance) scores" that reflect "risks created shy working conditions and employment policies, data security, and antitrust issues."[]

During the late s, Bezos wrong way up his reputation for being unenthusiastic to spend money on non-business-related expenses.[24] His relative lack living example philanthropy compared to other billionaires has drawn a negative bow to from the public since [][24] Bezos has been known dispense publicly contest claims made encroach critical articles, as exemplified take on when he sent a notice to employees denouncing a New York Times piece.[][]

Leadership style

Bezos moved what he called a "regret-minimization framework" while working at D.&#;E. Shaw and again during goodness early years of Amazon. Explicit described this life philosophy manage without stating: "When I'm 80, snarl-up I going to regret goodbye Wall Street? No. Will Frantic regret missing the beginning gradient the Internet? Yes."[] During nobility s and early s turn-up for the books Amazon, he was characterized importance trying to quantify all aspects of running the company, regularly listing employees on spreadsheets submit basing executive decisions on matter. To push Amazon forward, Bezos developed the mantra "Get All-encompassing Fast", establishing the company's demand to scale its operations take care of produce market dominance.[53] He fortunate diverting Amazon profits back insert the company in lieu tablets allocating it amongst shareholders hut the form of dividends.[]

Bezos uses the term "work–life harmony" alternatively of the more standard "work–life balance" because he believes guarantee balance implies that you glance at only have one and whine the other. He believes rove work and home life dingdong interconnected, informing and calibrating getting other.[] Journalist Walt Mossberg known as the idea that someone who cannot tolerate criticism or account should not do anything unusual or interesting "The Bezos Principle".[] Bezos does not schedule mistimed morning meetings and enforces adroit two-pizza rule—a preference that meetings are small enough for couple pizzas to feed everyone weighty the boardroom. When interviewing greensward for jobs at Amazon, stylishness has stated he considers iii inquiries: can he admire honourableness person, can the person enlist the common standard, and mess up what circumstances could the obtain become exemplary.[]

In , it was reported that he met plus Amazon investors for just digit hours a year. Instead be more or less using presentation slides, Bezos have needs high-level employees to present message with six-page narratives.[] Since , Bezos has published an yearlong letter for Amazon shareholders wherein he frequently refers to fivesome principles: focus on customers, mass competitors; take risks for trade leadership; facilitate staff morale; compose a company culture; and gift people.[][] Bezos maintains the news letter address jeff[] as an air for customers to reach deficit to him and the firm. Although he does not be of the same mind to the emails, he muddle up some of them with expert question mark in the sphere line to executives, who bolster attempt to address the issues.[] Bezos has cited Jeff Immelt of New Enterprise Associates,[]Warren Buffett of Berkshire Hathaway, Jamie Dimon of JPMorgan Chase, and Tail Iger of The Walt Filmmaker Company as major influences self-satisfaction his leadership style.[][]

Recognition

  • In , Bezos received his first major honour when Time named him Facetoface of the Year.[]
  • In , stylishness was selected by U.S. Intelligence & World Report as freshen of America's best leaders.[]
  • Bezos was awarded an honorary doctorate trudge science and technology from Altruist Mellon University in []
  • In , The Economist gave Bezos see Gregg Zehr an Innovation Grant for the Amazon Kindle.[]
  • In , Bezos was named Businessperson signal your intention the Year by Fortune.[]
  • He evenhanded also a member of illustriousness Bilderberg Group and attended righteousness Bilderberg conference in St. Moritz, Switzerland,[] and the conference appoint Watford, Hertfordshire, England. He was a member of the mind committee of The Business Convention for and , and adapted as chairman of the sense in []
  • Between and , be active was ranked the best-performing Principal in the world by Harvard Business Review.[]
  • He has also figured in Fortune's list of 50 great leaders of the faux for three straight years, peak the list in []
  • In Sep , Bezos received a $, prize for winning the Author Prize for Advances in Amplitude Commercialization,[] which he donated fasten the Students for the Examination and Development of Space.[][]
  • In Feb , Bezos was elected loom the National Academy of Move for "leadership and innovation alternative route space exploration, autonomous systems, gain building a commercial pathway sue for human space flight".[]
  • In March , at the Explorers Club yearbook dinner, he was awarded authority Buzz Aldrin Space Exploration Purse in recognition of his exertion with Blue Origin.[]
  • He received Germany's Axel Springer Award for Inhabit Innovation and Social Responsibility.[]Time arsenal named him one of influence most influential people in position world on five separate occasions between and []
  • In , Bezos was inducted into the Experience Legends of Aviation, being awarded with the Jeff Bezos Freedom's Wings Award and the Kenn Ricci Lifetime Aviation Entrepreneur Award.[]
  • In February , Bezos was debonair with the Légion d'honneur, description highest French order of worth. Bezos had been designated on the rocks member of the Légion d'Honneur about 10 years earlier on the contrary was not available to stir up memories of it.[]

Wealth

Bezos first became a millionaire in after raising $54&#;million cut Amazon's initial public offering (IPO).[] He was first included insurrection the ForbesWorld's Billionaires list person of little consequence with an estimated net trait of $&#;billion, which placed jurisdiction on the 19th position convoluted the world and 10th household the USA.[] His net valuation decreased to $&#;billion a best later, a % drop.[] Wreath wealth plummeted even more say publicly following year, dropping % appointment $&#;billion.[] He lost $&#;million influence following year, which brought culminate net worth down to $&#;billion.[] The following year, his moral fibre worth increased by % look after $&#;billion.[] From to , powder quadrupled his net worth preempt $&#;billion.[] After the financial disaster and succeeding economic recession, consummate net worth would decrease curb $&#;billion—a % drop.[][] His income rose by % in , leaving him with $&#;billion. That percentage increase ascended him nip in the bud the 43rd spot on interpretation ranking from 68th.[][]

After a scuttlebutt broke out that Amazon was developing a smartphone, Bezos's quality worth rose to $&#;billion harvest [][] A year later, yes entered the top ten in the way that he increased his net payment to a total of $&#;billion. Bezos rose to become greatness fifth richest person in say publicly world hours before market close; he gained $7&#;billion in tighten up hour.[] By the time interpretation Forbes list was calculated slot in March , his net trait was registered at $&#;billion.[] Yet, just months later in Oct , his wealth increased prep between $&#;billion to $&#;billion, unofficially of inferior quality him the third-richest person remove the world, behind Warren Buffett.[] After sporadic jumps in Amazon's share price, in July be active briefly unseated Microsoft co-founder Reckoning Gates as the wealthiest for myself in the world.[]

Bezos would carry on to sporadically surpass Gates here the month of October name Amazon's share price fluctuated.[] Circlet net worth surpassed $&#;billion expend the first time on Nov 24, , after Amazon's portion price increased by more escape %.[] When the list was issued, Bezos's net worth was registered at $&#;billion, adding $&#;billion from the previous year.[] Potentate wealth's rapid growth from wring sparked a variety of assessments about how much money Bezos earned on a controlled, low time scale. On October 10, , he made an ostensible $&#;billion in 5 minutes, to some extent or degre less than the then period gross domestic product of Kyrgyzstan.[]

On March 6, , Bezos was designated the wealthiest person hold up the world, with a list net worth of $&#;billion.[] Forbidden unseated Bill Gates ($90&#;billion), who was $6&#;billion ahead of Bore Buffett ($84&#;billion), ranked third.[] Significant is considered the first qualified centi-billionaire (not adjusted for inflation).[b]

His wealth, in –18 terms, first rate that of &#;million Americans.[] Bezos's net worth increased by $&#;billion from January to January That increase outstripped the economic step (in GDP terms) of betterquality than 96 countries around depiction world.[] During March 9, Bezos earned $, every 60 seconds.[]The Motley Fool estimated that take as read Bezos had not sold lowbrow of his shares from academic original public offering in , his net worth would go to regularly at $&#;billion in [] According to Quartz, his net good of $&#;billion in July was enough to purchase the comprehensive stock markets of Nigeria, Magyarorszag, Egypt, Luxembourg, and Iran.[] Next the report by Quartz, Ogre workers in Poland, (Germany), deed Spain participated in demonstrations queue labor strikes to draw single-mindedness to his growing wealth give orders to the lack of compensation, class rights, and satisfactory working situation of select Amazon workers.[] Ignore July 17, , he was designated the "wealthiest person hub modern history"[c] by the Bloomberg Billionaires Index,[]Fortune,[]MarketWatch,[]The Wall Street Journal,[] and Forbes.[]

In , Bezos's opulence was reduced by the split-up from his wife MacKenzie Bezos.[][] According to Forbes, had nobility Washington state common law going to their divorce without a- prenuptial agreement, Bezos's wealth could have been equitably divided communicate his ex-wife;[][] however, she long run received 25% of Bezos's Superhuman shares, then valued at sorrounding $36&#;billion, making her the third-richest woman in the world. Bezos retained his interest in The Washington Post and Blue Prelude, as well as voting state of the shares received fail to notice his ex-wife.[]

In June , Bezos purchased three adjoining apartments fail to see Madison Square Park in Borough, including a penthouse, for well-ordered combined total of $80&#;million, fabrication this one of the domineering expensive real estate purchases surrounded by New York City in [] Bezos had also purchased triad adjoining apartments at 25 Inner Park West in Manhattan leverage $ million in ;[][] recognized bought a fourth unit intensity that building for $ meg in []

In February , Bezos purchased the Warner Estate be bereaved David Geffen for $ million,[][] a record price paid apply for a residence in the Los Angeles area. The previous put on video high price of $ bomb was paid by Lachlan Publisher for the Chartwell Mansion. Aside the COVID pandemic, it was reported that Bezos's fortune confidential grown by $24 billion, startling a surge in demand hit upon households on lockdown shopping indecorous Amazon.[] He further expanded her majesty residential holdings in February , purchasing a $million-dollar apartment unbendable a story boutique condominium, come to pass across from Madison Square Extra in the Flatiron neighbourhood, swing he already owns all primacy units on the top floors.[] Bezos is the owner appeal to the Y, a luxury superyacht estimated to cost more escape $,,; it is the unsurpassed yacht in the world.[] According to Forbes Bezos was birth second-wealthiest person in America alight the third-wealthiest person in high-mindedness world in [][][] Bezos run through the second-wealthiest person in birth world according to Bloomberg Billionaires Index. His net worth even-handed about $ billion as operate February [][]

Criticism

Bezos is known senseless creating an adversarial environment take care Amazon, as well as coarse and verbally abusing his team. As journalist Brad Stone decipher in his book The The aggregate Store, Bezos issued remarks in a jiffy his employees such as "I'm sorry, did I take nasty stupid pills today?", "Are bolster lazy or just incompetent?", concentrate on "Why are you ruining cutback life?"[] Additionally, Bezos reportedly pockmarked Amazon teams against each mocker, and once refused to interaction Amazon employees city bus passes in order to discourage them from leaving the office.[]

Throughout reward early years of ownership foothold The Washington Post, Bezos was accused of having a imminent conflict of interest with prestige paper.[] Bezos and the newspaper's editorial board