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The Full Biography and Net Worth of Jeff Bezos

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Jeff Bezos

The Full Biography and Net Worth of Jeff Bezos

Jeff Bezos, Amazon founder, and CEO is currently the richest man in the world. An American entrepreneur and investor who took the top spot from Microsoft co-founder Bill Gates.

Related: The Biography and Net Worth of Kim Kardashian

Jeff Bezos hasn’t always been a billionaire titan and didn’t set out to be CEO of an e-commerce juggernaut that he is today but being an idealist and visionary said “I didn’t think I’d regret trying and failing. And I suspected I would always be haunted by a decision to not try at all”.

Jeff Bezos

Background

Jeff Bezos was born on January 12, 1964, and originally known as Jeffery Preston Jorgensen. His parents Ted Jorgensen and Jacklyn Gise Bezos got divorced when he was 17 months. His mother remarried to Mike Bezos who gave Jeff his surname.

The Tech visionary attended River Oaks Elementary School in Houston, later moved to Miami Palmetto Senior High School and graduated from Princeton University where he obtained his bachelor’s degree in 1986.

Upon graduation, he started working with Taiwanese mobile phone company FITEL, subsequently worked for bankers trust, went on to work with the founder of CNET Halsey Minor to launch a news-by-fax-service company though the venture failed.

He later became the youngest senior vice president at a hedge fund called D.E Shaw. It was with D.E Shaw that he came up with the idea of a digital book that formed the foundation for the rest of his career.

Bezos got married in 1992 to Mckenzie Bezos, they had three boys and adopted their daughter in China. He announced his divorce on January 9, 2019.

Breakthrough

In 1994, Jeff Bezos launched the company Amazon for the sole purpose of selling books online but being mainly focused on long term thinking and customer service, he diversified and welcomed the idea of selling other products after many consultations from his customers. In 1998, he expanded the site to offer music videos and other consumer goods.

Currently, Amazon is the world’s largest trading center and sells different products which are mostly offered by external suppliers who depend on Amazon data management services. In 2007, Amazon introduced an electronic book reader (The Kindle) which is the company’s best-sold product.

Amazon went public in 1997 and looking at the numbers as of 2015, 20% of the revenue came from media and 80% came from other goods.

In 1997, 3 million shares were floated for a rate of $16 per share. Since 1998-1999, there has been split into the shares and as a result, there are now 30 million shares in circulation. The business has been profitable ever since 2000.

Investment

Jeff Bezos literally has a lot of ideas that span a broad range of investments, starting from real estate to the retrieval of rocket ship engines from the ocean floor. He has substantial holdings in real estate both on the east and west coast.

Jeff Bezos acquired $2 million dollar homes in Beverly Hills. He has a property in Washington Post and a 10,000 square foot apartment in the Century Tower in Manhattan. His 165,000 acre Corn Ranch in Texas was bought as a base for his aerospace company Blue Origin.

He invested in media, health sector and communication sector which facilitates connecting with people. He invested in Twitter, Inc. ZocDoc, Inc., TeachStreet, Inc., committed about $50 million to the popular business news website “Business Insider”.

He also invested about $112 million and $35 million respectively in the travel sector. He also financed Airbnb and transportation service Uber. He also provided cloud computing services. he invested in Glassybaby which makes glass-blown holders for votive candles. Finally, his notable investment successes are Workday, Inc., which provides human resource services on the cloud.

Expeditions

In 2000, Jeff Bezos founded a test site for the vertical-landing manned suborbital New Shepard rocket called “Blue Origin”. In 2015, Jeff announced the new orbital launch vehicle under development and in November same year, Blue Origin Sheperd space vehicle made it to space and reached its planned altitude.

In 2017, it successfully landed dummy passengers and extended its human space travel start date. The company also announced the launch of Blue Moon which would be able to put Americans on the moon. And capable of delivering multiple metric tons of payloads to the lunar surface.

The company also announced to launch a club for the future that aims at bringing together educators and leaders to inspire and engage the next generation of dreamers and space entrepreneurs. This club, made its first mission into space to send a postcard and back on the future New Shepard mission.

Net Worth

Currently, Jeff Bezos is worth about $116 billion dollars

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What Are The 4 Types of Entrepreneurs?

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When you know the different types of entrepreneurs, you will be able to decide which one you want to be and how to go about it or improve on it. The truth is that the world of entrepreneurship has been booming recently. With so many budding and well-established entrepreneurs out there. Entrepreneurship involves so much work and commitment. You must also possess certain skills if you want to be successful as an entrepreneur. Many individuals venture into this field just because they want to be their own boss but it is worth noting that entrepreneurship is much more than that.

Whether you are just starting out or you are already an entrepreneur, you need to know the kind of entrepreneur you are or you wish to be. If you feel stuck and not making much progress in your business, knowing the type of entrepreneur, you are can give you the clarity you need to move forward in your business.

The 4 Types of Entrepreneurs

This article explains the 4 major types of entrepreneurs we have.

  1. The Hustler Entrepreneur
  2. The Innovative Entrepreneur
  3. The Imitative Entrepreneur
  4. The Research Entrepreneur

(1) The Hustler Entrepreneur

These types of entrepreneurs are always goal-driven and very determined to achieve their very goals. They are the kind of entrepreneur that have not made it yet but eventually will. To start and grow a business successfully, one needs a lot of resilience. It can be a very difficult task especially if you do not have the necessary capital to start. You would also need to be very patient and able to see the big picture.

Hustlers don’t seem to worry about the problems they encounter on the way, because they see them as stepping stones to greater things. They tend to start small and gradually work their way to the top, willing to do whatever it takes as they climb the ladder of success.

A hustler believes that hard work is more important than capital when starting a business. Their work ethic is simply off the charts, though they are prone to burn out due to intense work.

(2) The Innovative Entrepreneur

An innovative entrepreneur introduces new ideas into the system. They come up with new and better ways of doing things and them into a viable business. Discovering a new market, a new method of production, and eventually reorganizing the enterprise. Their major drive is to make life better and easier for people and in doing so they create a business around their innovative idea. Innovators always look for a way to make their products look unique in the eyes of customers and make their company stand out.

Although these types of entrepreneurs require a lot of capital to bring their innovative ideas to life and often experience resistance from shareholders. They also enjoy all the glory that comes with the success they achieve in the process of implementing their new ideas. They create the rules and often do not have to worry about competitors during the initial stage of establishing their business. With a strong belief in their new ideas, they tend to achieve success though it might take a while.

(3) The Imitative Entrepreneur

Unlike hustlers, imitators just copy certain business ideas and build their own from there. They also tend to improve on the business ideas by making the product better or just doing something else that the parent business is not doing. They combine both the qualities of an innovator and a hustler. Even though the idea is not originally their own, they are willing to work hard, make the business better, and rake in large profit from it. They are known to possess a lot of self-confidence and are very determined.

While some do this by modeling after someone else’s business, others just copy everything exactly the same way. You see them use the same website, same theme, business cards, and even similar logos. This might seem like an easy way out, instead of thinking of their own original idea. But copy cats are always faced with the problem of competition and being compared to their parent business. Modeling is a better way, in which you figure out what works and apply it in relevance to your business.

(4) The Research Entrepreneur

Preparedness is key to these types of entrepreneurs. So, they spend a lot of time gathering all the needed information about any business they want to start. They look at every possible scenario, challenges they may encounter, and the strategies they would use to start the business.

With adequate preparation, they believe failure is not an option since they would have already looked at every possible pitfall likely to be encountered in the business. They would make sure they fully understand all that the business is about before even launching it, this makes them spend a lot of time in the decision-making process.

While it is a good approach to have a good deal of the business and financial plan of a business figured out, a researcher might be stuck in the decision-making stage for a long time and eventually end up not making it to the implementation state.

Conclusion

From the list above, have you been able to figure out the type of entrepreneur you are? Entrepreneurship requires hard-work no matter the type of entrepreneur you are. Whether you imitate or innovate, you still need to do a ton of work to make your business stand out and achieve notable success in any field you choose. Leverage the freedom that comes with being an entrepreneur and find out what works for you. List out your goals for your business and strive to reach them.

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