Jeff Bezos Lpsg (2024)

FAQs

What is the famous Bezos quote? ›

The average working-class American would require almost 2.8 million years' worth of work (without spending anything on making a living or paying taxes) to reach Jeff Bezos' net worth of US$ 130BN. That is more than 10 times longer than scientists believe hom*o Sapiens have existed on Earth.

Bezos founded Amazon in mid-1994 on a road trip from New York City to Seattle. The company began as an online bookstore and has since expanded to a variety of other e-commerce products and services, including video and audio streaming, cloud computing, and artificial intelligence.

Bezos said that while Amazon had been thriving under his leadership, he saw that Blue Origin needed his attention more. He decided that juggling both Amazon and his space venture could be problematic, especially since the way space sector is growing today.

“Gradatim Ferociter” or “Step By Step, Ferociously” is the motto for Blue Origin, the aerospace company developed by Amazon founder Jeff Bezos. It is also a fitting maxim for his ventures as a bookseller, business mogul, technology entrepreneur, and philanthropist.

On average, Elon Musk makes more than $54 million per day – that amounts to nearly $2.3 million per hour, $37,879 per minute, and $631 per second. And that's if we average the income over the span of 24 hours.

Bezos makes sure to get enough rest — he sleeps for eight hours every night. The former CEO told CNBC in 2021 that while he could sleep less and be more productive, the quality of his decisions would be lower, which isn't worth it to him.

Bezos—who has a net worth of around $200 billion—launched the Courage and Civility Award in 2021 to support philanthropists. Van Jones, a lawyer and CNN commentator, and the lauded chef and humanitarian José Andrés were the first recipients of the prize.

Bezos' wealth increased by $167 billion in the past 10 years, or $16.7 billion per year, roughly $45.8 million per day, and roughly $1.9 million per hour. Of course, since Bezos' investments make money while he sleeps, we didn't use an 8-hour workday or 40-hour workweek for these calculations.

Did Jeff Bezos grow up rich? ›

Jeff Bezos was not born into a wealthy family. His parents were 17 and 18 years old when he was born, and he worked on his maternal grandparents' ranch in Cotulla, Texas, early in his life. He graduated summa cum laude from Princeton University in 1986, with degrees in electrical engineering and computer science.

Amazon (AMZN) Ownership Overview

The ownership structure of Amazon (AMZN) stock is a mix of institutional, retail and individual investors. Approximately 50.58% of the company's stock is owned by Institutional Investors, 8.91% is owned by Insiders and 40.51% is owned by Public Companies and Individual Investors.

Noah Kagan on LinkedIn: Jeff Bezos started Amazon at 30. Sam Walton started Walmart at… 44 comments.

Bezos controlled about 10.8% of Amazon's outstanding stock, as of a February proxy statement. Bloomberg reported that he would still hold nearly 912 million shares, or about 8.8% of Amazon, following the latest sale.

The latest round of charitable donations brings his total giving to an estimated $3 billion, just under 2% of his net worth. Jeff Bezos, the world's third richest person and the chairman of Amazon, announced his most recent round of donations to groups helping with housing for those in need.

Inspirational and Motivational Quotes by Elon Musk. “When something is important enough, you do it even if the odds are not in your favour.” “Some people don't like change, but you need to embrace change if the alternative is disaster.” “Failure is an option here.

"You can have a job, or you can have a career, or you can have a calling," Bezos said. "And if you can somehow figure out how to have a calling, you have hit the jackpot, because that's the big deal." In other words, true success comes from turning your passion into a career, and Bezos believes everyone has a passion.

During an interview, Bezos urged businesses to shift their focus from solely contemplating what will change in the next 10 years to recognizing and building upon what will remain constant. He argued that a solid commercial strategy should be rooted in the things that endure over time.