Founder and CEO: Amazon (AMZN)
Net worth: $126 billion
Amazon ownership: 10% ($102 billion)
Other assets: Blue Origin ($9.15 billion), The Washington Post ($250 million), $14.1 billion in cash
In 1994, Jeff Bezos opened his D.E. program with big hedge funds.
He first pitched the idea of an online bookstore to his former boss, David E. Shaw, but he wasn’t interested.
Amazon started selling books but has grown into a one-stop shop for everything under the sun and is poised to overtake Walmart as the world’s largest retailer by 2024.
Amazon’s pattern of continued diversification is evident in some of its unexpected expansions.
He acquired Whole Foods Market in 2017 and entered the pharmacy business that same year.
Bezos, who owned as much as 16 percent of Amazon’s business in 2019, ceded 4 percent to ex-wife Mackenzie Scott in a divorce filing.
In 2020, Amazon shares fell due to the COVID-19 pandemic.
I fell in. He increased online shopping demand by 76%. On July 5, 2021, Bezos resigned as CEO of the retail giant and took over as chairman.
When Amazon went public in 1997, Bezos’ net worth surpassed $100 billion for the first time since Bill Gates in 1999.
Other Bezos projects include aerospace company Blue Origin, The Washington Post (acquired in 2013) and the Ten Thousand Years Clock (aka Long Now).
On July 20, 2021, Bezos, along with his brother Mark, aviation pioneer Wally Fink and Dutch student Oliver Diamante, successfully completed the first crewed flight of the Blue Origin. production.
When he landed, he had flown more than 100 kilometers. That same month, Bezos’ fortune hit $211 billion.
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