Number 4 richest man

in the world with $126

CEO
billion networth.

FATIN NADIAH BINTI MOHD NASIR

JEFF
BEZOS
2022622174
INTRODUCTION
E-commerce is undoubtedly receiving a lot of attention, and Jeffrey Preston Bezos, an
American tycoon who founded the online store Amazon.com in 1994 out of his Seattle garage, is at
the centre of it all. With about US$1 million in capital, most borrowed from friends and family, he
built a multibillion-dollar empire, revolutionized the way commerce is done on the internet in about
five years. In addition, he is the creator and CEO of The Washington Post and Blue Origin, an
aerospace business that focus to make spaceflight affordable to everyone.
Jeff Bezos has played a significant role in the development and growth of e-commerce, and
he is now widely recognized for his enormous contributions to the online community. He is rightly
termed as an entrepreneur and an e-commerce pioneer, and a revolutionary figure who changed the
face of the internet. Bezos has donated more than US$400 million worth of stock to non-profits in
2022. As of June 2016, Bezos enjoyed a net worth of around US$63.3 billion and was ranked fourth
on the Forbes list of billionaires (Mookherji, 2022a, p.3).

EARLY-LIFE
He was named Jeffrey Preston Jorgensen and was
born to teenage parents, Jacklyn Gise Jorgensen and
Ted Jorgensen. Her mother was a teenager, 17 years
old high school student when she married his
biological father which was 19 years old at that time.
His biological father Ted Jorgenson, was one of the
top unicyclists and part of a local troupe the Unicycle
Wranglers who put on a performance at county fairs
and circuses while Jeff was still a baby. Their
marriage did not last long for little more than one year
only and when Jeff was only four, his mother
remarried Miguel Bezos, a Cuban immigrant who
studied at the University of Albuquerque. Miguel
adopted four-year-old Jeffrey, whose surname was
then legally changed from Jorgensen to Bezos and
they shifted to Houston, Texas where Miguel work as
an engineer for Exxon. Bezos spent many summers in
his youth at his grandfather’s ranch near Cotulla
laying pipe, vaccinating cattle and fixing windmills. In
Albuquerque, his maternal grandpa Lawrence Preston
Gise held the position of regional director for the US
Atomic Energy Commission. According to
Mookherji’s (2022b, p.3), even as child, Bezos
showed his aptitude for technology and science. He
converted his parents’ garage into a laboratory and set
up electrical gadgets around his house.
EDUCATION
After graduating from a Montessori preschool, Bezos studied at
Houston's River Oaks Elementary School from fourth through sixth
grade. After a few periods of time, he moved to Miami, Florida with
his family and Bezos attended Miami Palmetto High School where he
was placed on the Vanguard gifted and talented programme. During
the summer break, he began his entrepreneurial learnings at
McDonald’s as a grill man in the kitchen during the breakfast shift.
Bezos an outstanding student, took his step first into the business world
and started the Dream Institute which an educational summer camp for
4th to 6th graders. Bezos then was invited to participate the Student
Science Training Program at the University of Florida and was
awarded the National Merit Scholarship 1982. Bezos gained a spot at
Princeton University by graduating as the school's valedictorian and a
National Merit Scholar. He enrolled in the elite Electrical Engineering
and Computer Science programme, Bezos being one of just 20 students
to be accepted, with the aim of graduating a Bachelor of Science in
Engineering degree (McNab, 2022a, p.23). At first, Bezos planned to
study physics but then graduated in 1986 with 4.2 grade point average
and top 3 percent of graduates. However, improving academic
achievement didn't come at the expense of social interaction, he
became the president of the students for the exploration and
development of space because of his ongoing fascination with space-
related issues. He joined the Phi Beta Kappa Society, which was
exclusive to the 10 leading students in each class and was admitted as a
member. During his senior year of college, Bezos also participated in
the Beta Pi Association and the Quadrangle Club.

CAREER
Following his graduation from Princeton University in 1986, Bezos received employment offers from companies including
Intel, Bell Labs, and Andersen Consulting. He started working for a start-up firm called Fitel that was establishing a network for
conducting global trade. After working there for two years, Bezos started working for Bankers Trust. He then got a call and
continued working for D.E. Shaw & Co (DESCO), an investment company. At Shaw, he quickly climbed the ladder of success and
soon became Senior Vice President. It was in Shaw, where Jeff Bezos first encountered a number that would change his life, the
course of business and internet history. Browsing the web looking for new things to do for Shaw, Bezos found a statistic that the
World Wide Web is growing 2,300% every month. Bezos quickly saw the potential of selling products online. He recognised a
chance for a new line of business and started exploring the options right away.
Bezos launched Amazon from his garage with a small staff and some initial support from his friends and family. Bezos created
Amazon.com, name after South American river and made it public on July 16, 1995. As Bezos said, "In fact, I'd have been proud of
that, proud of myself for having taken that risk and tried to participate in that thing called the Internet that I thought was going to be
such a big deal. It was like the wild, wild West, a new frontier. And I knew that if I didn't try this, I would regret it. And that would
be inescapable" (Quittner, 1999, p.7). The business's first success was phenomenal. Within 30 days, Amazon.com sold books all
over the United States and in 45 other nations with no press marketing. Sales surpassed $20,000 per week in just two months,
expanding more quickly than Bezos and his start-up team had anticipated. According to Mookherji’s (2022c, p.5), Amazon not
only survived but actually flourished with yearly sales shooting up from US$510,000 in 1995 to over US$17 billion in 2011.
Bezos' long-term goals have always been lofty and seemed out of reach, but Amazon's success opened the door for him to finally
achieve them. In a speech he gave in high school, he stated that he wanted to create a human habitation space stations in orbit and
turn the entire planet into a giant nature preserve. Bezos established Blue Origin, an aerospace business, in 2004 with the objective
of creating new spaceflight technologies, with the ultimate goal of allowing "anybody to go into space". On August 5, 2013, Bezos
made headlines for paying $250 million in cash to acquire The Washington Post in its entirety. According to McNab’s (2022b,
p.161), a leading consideration, he said, was that the Washington Post had ‘an incredibly important role to play in this democracy’,
and this motivated him to make the purchase.
 PERSONAL LIFE
After graduating from a Montessori preschool, Bezos studied at
Houston's River Oaks Elementary School from fourth through sixth
grade. After a few periods of time, he moved to Miami, Florida with
his family and Bezos attended Miami Palmetto High School where he
was placed on the Vanguard gifted and talented programme. During
the summer break, he began his entrepreneurial learnings at
McDonald’s as a grill man in the kitchen during the breakfast shift.
Bezos an outstanding student, took his step first into the business world
and started the Dream Institute which an educational summer camp for
4th to 6th graders. Bezos then was invited to participate the Student
Science Training Program at the University of Florida and was
awarded the National Merit Scholarship 1982. Bezos gained a spot at
Princeton University by graduating as the school's valedictorian and a
National Merit Scholar. He enrolled in the elite Electrical Engineering
and Computer Science programme, Bezos being one of just 20 students
to be accepted, with the aim of graduating a Bachelor of Science in
Engineering degree (McNab, 2022a, p.23). At first, Bezos planned to
study physics but then graduated in 1986 with 4.2 grade point average
and top 3 percent of graduates. However, improving academic
achievement didn't come at the expense of social interaction, he
became the president of the students for the exploration and
development of space because of his ongoing fascination with space-
related issues. He joined the Phi Beta Kappa Society, which was
exclusive to the 10 leading students in each class and was admitted as a
member. During his senior year of college, Bezos also participated in
the Beta Pi Association and the Quadrangle Club.

AWARDS AND RECOGNITION

Without a doubt, Bezos has global influence. Most people throughout the world are aware of his
innovations, particularly Amazon. He received the "Person of the Year" title from Time magazine in 1999.
In 2008, Carnegie Mellon University granted an honorary doctorate in science and technology on Bezos.
Furthermore, he was chosen by U.S. News & World Report as one of the nation's top leaders. Bezos and
Gregg Zehr received an Innovation Award from The Economist in 2011 for the Amazon Kindle. He was
honoured by Fortune as Businessperson of the Year the following year. The National Retail Federation
recognized Amazon as the top retailer of the year in December 2012 and gave him the Gold Medal Award,
given to someone who has distinguished themselves in the sector. He serves on the Executive Committee
of The Business Council and the Bilderberg Group, respectively, for the years 2011 and 2012. Harvard
Business Review named Jeff the top-performing CEO worldwide from 2014 to 2018. He has appeared on
Fortune's list of the world's 50 greatest leaders three years in a row, coming in first place in 2015. In
September 2016, Bezos won a $250,000 prize for advances in space commercialization. In appreciation of
his work with Blue Origin, he received the Buzz Aldrin Space Exploration Award in March 2018. Bezos
received The Axel Springer Award honour in 2018 for his strong sense of enterprise and beneficial
influence on others. The recipients of the prize acknowledged the charitable work Bezos and Mackenzie
performed in 2018 by giving a $33 million scholarship donation. Jeff Bezos delivered a speech at National
Air and Space Museum, which then presented him with the James Smithson Bicentennial Medal. Bezos'
appearance as a featured speaker at the John H. Glenn Lecture Space was praised by this group.
 OTHER RELEVANT
DETAILS
Great author Jeff Bezos encourages readers to
pursue their aspirations rather than giving up out of
fear of failure. Many of the novels he has written are
available via Google Reads. These works include
Invent and Wander, and some many others. This
book, which is a compilation of Bezos' essays, is
both fascinating and sophisticated. Between 1997
and 2019, it includes yearly letters that Bezos wrote
to Amazon shareholders. The book also discusses
Bezos' humble beginnings, the significant obstacles
that Amazon overcame, and his insatiable curiosity
for space exploration. Moreover, Bezos also
published books called The Man Who Sells
Everything. This book explores Jeff Bezos's life and
how he continually sated his hunger for discovery
and innovation. The characteristics that
entrepreneurs should possess are covered in detail in
the book. In this book, Bezos exposes what
motivates him and demonstrates how serendipity
and timing play a part in success.
Jeff Bezos is living proof that life is like a roller
coaster. Because to his abilities and persistent hard
work, he received full recognition. A testament to
Jeff Bezos' fervour and excitement for business and
problem-solving is his enormous net worth of
$151.9 billion. Bezos is a person of great influence
who encourages people throughout the globe with
his inspirational sayings. We can make a solid start
with one of his most famous quotations, which
refers specifically to Amazon model: ‘We’ve had
three big ideas at Amazon that we’ve stuck with for
18 years, and they’re the reason we’re successful.
Put the customer first. Invent. And be patient.’
(McNab, 2022c, p.182).
REFERENCES
Britannica, T. Editors of Encyclopaedia (2022, August 23). Jeff Bezos. Encyclopedia Britannica.
https://www.britannica.com/biography/Jeff-Bezos
Howel, E. (2021, July 16). Jeff Bezos: Blue Origin and Amazon founder.
https://www.space.com/19341-jeff-bezos.html
Jeff Bezos. (2022, November 20). In Wikipedia.
https://en.wikipedia.org/wiki/Jeff_Bezos
McNab, C. (2022). Jeff Bezos : The World=Changing Entrepreneur.
Mookherji, K. (2022). Jeff Bezos.
Parks, R. (2010). Rosa Parks Biography — Academy of Achievement.
https://achievement.org/achiever/jeffrey-p-bezos/
Quintana, A. (2022, July 12). The History of Amazon, From Jeff Bezos' Garage to Multi-Billion
Dollar Company.
https://marketrealist.com/p/amazon-history-timeline/