Jeff Bezos: the millionaire who started his fortune from a garage

Jeff Bezos, owner and founder of amazonis one of the richest men in the world, second only to Elon Musk. But how did Jeff Bezos make his fortune? As many know, the multinational platform started as a small venture from a garage.

Before 1994, Jeff Bezos he was just an employee, albeit a high-level one, in a company wall street. But that changed with ambition, and above all, with the wisdom of anticipating that the world would go through a great technological revolution.

The correct forecasts of Bezos, made him understand, at 30 years of age, that the world would go through a radical change with the internet, which would alter the main habit of the capitalist world: shopping.

The story goes that it all started in a garage in Seattle, where Bezos started an online bookstore called Amazon, using an almost makeshift table. The story is correct, but very summarized.

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Actually, the history of Bezos’s wealth dates back to the 1980s, when along with studying Computer Science and Electronic Engineering at the Princeton University I worked at a McDonald’s.

The current entrepreneur graduated from college with honors, and later, Bezos began working in startups before joining DE Shaw & Co., a Wall Street investment bank.

So began a career of meteoric rise that in just eight years took him to the vice presidency and a coveted salary. But he wanted something more. So, they say, he invited his chief banker to a walk in Central Park where he revealed his millionaire idea: sell books online.

His boss advised him to forget about his dreams and focus on his work, but evidently Jeff did the opposite and supported morally by his first wife, MacKenzie Scott, and financially by his parents, who loaned him $300,000, he moved to Seattle. where he rented a house that would become Amazon’s first office.

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After a few months of work and after considering names like Cadabra and Relentless, Amazon (named after the Amazon River, the largest in the world) debuted online on July 16, 1995. After that, Bezos’ achievements they were increasing.

Within two months, Amazon was selling books to 45 countries and bringing in about $20,000 a week. But far from opening a bottle of champagne, Bezos dedicated himself to reinvesting everything he earned and his life rose as follows.

  • 1999: He is named Person of the Year by the magazine Time.
  • 2000: Cover Blue Origin, LLCan aerospace company to provide low-cost access to private space travel.
  • November 2012: The magazine fortune names Bezos its Entrepreneur of the Year 2012.
  • March 2012-2013: Leads the team of the F-1 engine recovery project of the apollo 11, financed with private funds, which, in March 2013, recovers parts of two rocket engines from the Atlantic seafloor. The rockets from the 1969 Apollo 11 mission remain the property of the POT.

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  • August 2013: It is announced that Bezos will buy the newspaper Washington Post. Bezos is the owner as of October 1.
  • November 2015: Bezos’ company, Blue Origin, successfully lands a rocket on Earth after a spaceflight. In the past, rockets were scrapped after launching spacecraft. Reusable rockets would substantially reduce the cost of space flight.
  • December 2016: Along with other tech execs, Bezos meets with the president-elect donald trump at Trump Tower to discuss topics like education, trade and immigration.
  • January 2019: For the first time, Amazon has annual sales of $200 billion.
  • March 2019: Haven, the name of the company created by Bezos, Warren Buffett and Jamie Dimon to improve the health care system, is announced.
  • May 2019: Bezos unveils Blue Origin’s new rocket engine and a mockup of the lunar lander he wants to use to transport cargo or people to the Moon. The first lunar lander mission is scheduled for 2024.

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  • April 2020: Bezos ranks first on Forbes’ annual list of billionaires, with a net worth of $113 billion.
  • August 2020: Bezos is the first person in history to achieve a cumulative fortune of more than US$200 billion, according to Forbes.
  • February 2021: In its Q4 2020 earnings report, Amazon announces that Bezos will step down as CEO in Q3 2021. He will move into the role of CEO. Amazon Web Services CEO Andy Jassy becomes CEO at that time.
  • April 2021: Bezos ranks first on Forbes’ annual list of billionaires, with a net worth of $177 billion.
  • May 2021: During the company’s annual meeting of shareholders, Bezos announces that he will officially step down as CEO on July 5. That’s the anniversary of the date Amazon was incorporated in 1994.
  • July 2021: Bezos travels to space and back in an 11-minute journey aboard the rocket and capsule, a system developed by his space company, Blue Origin.

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Jeff Bezos: the millionaire who started his fortune from a garage