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[250], In March 2003, Bezos was a passenger in a helicopter that crashed in West Texas while surveying land to buy for Blue Origin; the other 3 occupants in the helicopter were pilot Charles "Cheater" Bella, Amazon lawyer Elizabeth Korrell, and local rancher Ty Holland. The hour glass appears to be running out on Jeff Bezos once tried to buy the Seattle Seahawks, even when they werent selling. [146][147] His physical appearance increased the public's perception of him as a symbolically dominant figure in business and in popular culture, wherein he has been parodied as an enterprising supervillain. In September 2021, Bezos co-founded biotechnology company Altos Labs with Mail.ru founder Yuri Milner.[7]. His one line consisted of a response to an alien in distress: "Speak Normally." [70] On July 27, 2017, Bezos momentarily became the world's wealthiest person over Microsoft co-founder Bill Gates when his estimated net worth increased to just over $90billion. [151][bettersourceneeded] In May 2014, the International Trade Union Confederation named Bezos the "World's Worst Boss", with its general secretary Sharan Burrow saying: "Jeff Bezos represents the inhumanity of employers who are promoting the North American corporate model",[152] while in 2019, Harvard Business Review, which ranked Bezos the best-performing CEO for 4 years in a row since 2014, did not rank him even in the top 100, citing Amazon's "relatively low ESG (environment, social, and governance) scores" that reflect "risks created by working conditions and employment policies, data security, and antitrust issues. [186] His net worth decreased to $6.1billion a year later, a 40.5% drop. [120] In January 2018, an announcement was made concerning Bezos's role within a new, unnamed healthcare company. [137][138][139], Bezos was seen by some as needlessly quantitative and data-driven. [255], On January 9, 2019, Bezos and MacKenzie announced on Twitter their intent to divorce after a "long period" of separation. [269] Controversy over this was raised when General James Mattis accepted a headquarters tour invitation from Bezos and co-ordinated the deal through Sally Donnelly, a lobbyist who previously worked for Amazon. Jeff Bezos saw his wealth slashed by $20 billion on Friday, cutting him to No. Jeffrey Preston Bezos (/bezos/ BAY-zohss;[2] n Jorgensen; born January 12, 1964) is an American entrepreneur, media proprietor, investor, and commercial astronaut. That [155][156], Day 1: start upDay 2: stasisDay 3: irrelevanceDay 4: "excruciating, painful decline"Day 5: death, Bezos has stated "it is always Day 1" to describe his growth mindset. [51] Bezos used the $54million raised during the company's 1997 equity offering to finance aggressive acquisition of smaller competitors. [192][194], After a rumor broke out that Amazon was developing a smartphone, Bezos's net worth rose to $30.5billion in 2014. [204], On March 6, 2018, Bezos was designated the wealthiest person in the world, with a registered net worth of $112billion. [218], In 2019, Bezos's wealth was reduced by the divorce from his wife MacKenzie Bezos. [103] To execute this program, Blue Origin built six of the vehicles to support all phases of testing and operations: no-passenger test flights, flights with test passengers, and commercial-passenger weekly operations. [93], After its founding, Blue Origin maintained a low profile until 2006 when it purchased a large tract of land in West Texas for a launch and test facility. Then Bezos called his bluff", "Why Amazon's collaboration with the CIA is so ominous and vulnerable", "DoD's $10B cloud contract comes under protest 11 days after final RFP", "Microsoft wins Pentagon's $10bn cloud computing contract", "Amazon suing Pentagon over $10B cloud contract, alleging 'bias', "Pentagon cancels $10 billion JEDI cloud contract that Amazon and Microsoft were fighting over", "Amazon Pushes ICE to Buy Its Face Recognition Surveillance Tech", "Amazon's growing spending on Seattle politics includes a spate of donations from Jeff Bezos' 'S Team', "Jeff Bezos donates $100M to the Obama Foundation in honor of Congressman John Lewis", "Jeff Bezos donates to Obama Foundation in honor of John Lewis", "Saudi crown prince meets Amazon CEO Jeff Bezos in Seattle", "Saudi Arabia 'hacked Amazon boss's phone', says investigator", "Jeff Bezos hack: Amazon boss's phone 'hacked by Saudi crown prince', "Jeff Bezos hack: Saudi Arabia calls claim 'absurd', "Fred Hutch receives $35million donation, largest ever, from Bezos family", "Amazon CEO Jeff Bezos and family donate $20M to Fred Hutchinson Cancer Research Center", "Jeff Bezos is the richest man in modern history here's how he spends on philanthropy", "Unanswered questions about Jeff Bezos' new $2billion philanthropic fund", "Jeff Bezos just gave $1million to the Reporters Committee for Freedom of the Press", "Jeff Bezos wants to give more money to charity. To date, the Brooklyn-based Overtime says it has raised more than $140 million. He was high school valedictorian, a National Merit Scholar,[35][36] and a Silver Knight Award winner in 1982. WebOn Feb 21st, both Jones' jet and Bezos' jet landed at Princess Juliana Airport on the Island of St. Martin. Mind-boggling", "If You Invested in Amazon at Its IPO, You Could Have Been a Millionaire", "The electricity metaphor for the web's future", "How Jeff Bezos was selected for, but never joined, the Defense Innovation Board", "Bezos Jeffrey P.: Insider Trading Transactions", "Amazon posts quarterly profit of $1.9billion, its highest ever", "Bezos is putting $1billion a year into rocket-maker Blue Origin by selling Amazon stock", "Billionaire Jeff Bezos Will Star in Amazon's Super Bowl Ad", "Amazon posts largest profit in its history on sales, tax boost", "After losing China, Jeff Bezos really wants to win in India", "Jeff Bezos Is $1.8 Billion Richer As Amazon's Market Cap Briefly Hits $1 Trillion", "Five Things You Need to Know to Start Your Day", "Forget Zuckerberg: Why Trump Is "Obsessed" with Breaking Bezos", "The World's Richest Man Just Lost $10.7 Billion as Trump Tweets About Amazon", "Why a Trump-Led Antitrust Case Against Amazon Is a Long Shot", "Congress demands Jeff Bezos explain Amazon's face recognition software", "Bernie Sanders introduces 'Stop BEZOS Act', "Bernie Sanders introduces 'Stop BEZOS' bill to tax Amazon for underpaying workers", "Bernie Sanders's BEZOS bill takes aim at how Amazon pays workers", "Bernie Sanders targets Amazon, Walmart with 100% tax", "What the Bernie Sanders Amazon welfare fight is really about", "Amazon to raise minimum wage to $15 for all U.S. workers", "Why Amazon really raised its minimum wage to $15", "Amazon.com Announces Financial Results and CEO Transition", "NBC News reports Jeff Bezos' intention to stand down as CEO of Amazon in the third quarter of 2021", "Former Blue Origin president Rob Meyerson leaves Jeff Bezos' space venture", "Buzz in West Texas is about Jeff Bezos space craft launch site", "Jeff Bezos Owns the Web in More Ways Than You Think", "Taking the long view: Jeff Bezos, the founder and chief executive of Amazon, owes much of his success to his ability to look beyond the short-term view of things", "Unplugged: Richard Branson's otherworldly space quest", "Three Billionaires Are Racing to Space. Bezos' net worth is worth $119 billion, according to Forbes , and he'd likely be able to outbid other potential buyers. [160] Journalist Walt Mossberg dubbed the idea that someone who cannot tolerate criticism or critique shouldn't do anything new or interesting "The Bezos Principle". According to BBC, Bezos's top security staffer, Gavin de Becker,[279] "linked the hack to the Washington Post's coverage of the murder of Saudi writer Jamal Khashoggi at the Saudi consulate in Istanbul". [168] Bezos has cited Jeff Immelt (of New Enterprise Associates),[169] Warren Buffett (of Berkshire Hathaway), Jamie Dimon (of JPMorgan Chase), and Bob Iger (of Walt Disney) as major influences on his leadership style. [164] Starting in 1998, Bezos publishes an annual letter for Amazon shareholders wherein he frequently refers to five principles: focus on customers, not competitors; take risks for market leadership; facilitate staff morale; build a company culture; and empower people. Sign up for free newsletters and get more CNBC delivered to your inbox. Does Jeff Bezos Own a Sports Team? From being spotted at the Super Bowl to sharing drinks with NFL team owners, Jeff Bezos seems to love sports, but does he own his own team? No, Jeff Bezos does not own a sports team. Nonetheless, he certainly has enough money to buy a sports team with the fortune he has accumulated from Amazon. [14] The suborbital flight lasted over 10 minutes, reaching a peak altitude of 66.5 miles (107.0km). [51] At the time, website listings were alphabetized, so a name starting with "A" would appear sooner when customers conducted online searches. On Saturday, TheAthletic.com reported that Bank of America (which is handling the sale) has informed Bezos that hes out. [97] In May 2013, Bezos met with Richard Branson, chairman of Virgin Galactic, to discuss commercial spaceflight opportunities and strategies. [44] Bezos was promoted to head of development and director of customer service thereafter. Retail [56] In response to critical reports from Fortune and Barron's, Bezos maintained that the growth of the Internet would overtake competition from larger book retailers such as Borders and Barnes & Noble. [47][48] With Bezos at the helm and Scott taking an integral role in its operationwriting checks, keeping track of the books, and negotiating the company's first freight contractsthe foundation was laid for this garage-run operation to grow exponentially. He described this life philosophy by stating: "When I'm 80, am I going to regret leaving Wall Street? [188] He lost $500million the following year, which brought his net worth down to $1.5billion. Forensic analysis of Bezos's mobile phone conducted by advisory firm FTI Consulting, concluded it "highly probable" that the hack was achieved using a malicious file hidden in a video sent in a WhatsApp message to Bezos from the personal account of the crown prince on May 1, 2018. [77], Criticism of Amazon's business practices continued in September 2018 when Senator Bernie Sanders introduced the Stop Bad Employers by Zeroing Out Subsidies (Stop BEZOS) Act and accused Amazon of receiving corporate welfare. Overtime's basketball league offers $100K salaries to teen players. Amazon CEO Jeff Bezos was a smart and enterprising kid, as Brad Stone writes in his 2013 book "The Everything Store." During that time, Amazon was just coming into its own by selling CDs online. Bezos started to wear tailored clothing; he weight trained, pursued a regimented diet and began to freely spend his money. Jeff Bezos will officially step down as Amazon CEO on Sunday. Watch Blue Origin Fly 'Mannequin Skywalker' to Space and Back", "Blue Origin plans growth spurt this year", "Jeff Bezos Says He Is Selling $1 Billion a Year in Amazon Stock to Finance Race to Space", "Jeff Bezos: Blue Origin Wants to Colonize the Solar System", "Jeff Bezos: 'We will have to leave this planet and it's going to make this planet better', "Exclusive: Jeff Bezos plans to charge at least $200,000 for space", "Washington Post to be sold to Jeff Bezos", "Jeff Bezos is buying The Washington Post. [195][196] A year later, Bezos entered the top ten when he increased his net worth to a total of $50.3billion. TheAthletic.com also reports that Bezos has been prevented from bidding on the team [271][272] On July 6, 2021, the Pentagon cancelled the JEDI contract with Microsoft, citing that "due to evolving requirements, increased cloud conversancy, and industry advances, the JEDI Cloud contract no longer meets its needs. On August 5, 2013, Bezos announced his purchase of The Washington Post for $250million in cash,[109] at the suggestion of his friend, Don Graham. Here's what you need to know about the sale", "The Washington Post closes sale to Amazon founder Jeff Bezos", "Jeff Bezos Makes His First Major Move at the Washington Post", "The Washington Post Is a Software Company Now", "How Jeff Bezos Reacts to 'Negative' Amazon Articles in the Washington Post", "The Story of Jeff Bezos' $250,000 Investment into Google in 1998", "New Yorker: Bezos' Initial Google Investment Was $250K in 1998 Because 'I Just Fell in Love with Larry and Sergey', "Google's co-founders and other Silicon Valley billionaires are trying to live forever", "We can learn a lot about Jeff Bezos' health strategy by looking at his investments", "Why Jeff Bezos Might Be the One to Crack the Health Care Challenge", "Amazon, Berkshire Hathaway and JPMorgan Team Up to Try to Disrupt Health Care", "Jeff Bezos Wants Ideas for Philanthropy, So He Asked Twitter", "Billionaire Bezos adds to eclectic interests", "Jeff and MacKenzie Bezos Flip the Switch on New Bezos Center for Innovation at MOHAI, Kicking Off Saturday Launch Celebration", "The Engines That Propelled Us into Space, Recovered From the Ocean Floor", "Rocket Engine Part Recovered by Amazon CEO Has Apollo 11 History", "Bezos Salvage Team Plucks Apollo Rocket Engines from Atlantic", "Apollo F-1 Engine Preview | The Museum of Flight", "As Apollo 11 moon landing anniversary nears, space fans get ready to celebrate", "Altos Labs Launches with $3B and a Focus on Reversing Disease, Aging", "The Everything Store: Jeff Bezos and the Age of Amazon", "Amazon Uses '60 Minutes' To Unveil Automated Delivery Drones", "If Jeff Bezos really wanted to rule the world, he'd pose for corny photos like he used to", "Is Jeff Bezos a Horrible Boss and Is That Good? [233], Bezos is the owner of the Y721, a luxury superyacht estimated to cost more than $500,000,000. [15] In September 2022, he was ranked second on the Forbes 400 list of wealthiest Americans with a net worth of $151 billion. [1/2] Sep 15, 2022; Kansas City, Missouri, USA; Amazon executive chairman Jeff Bezos in attendance before the Kansas City Chiefs play against the Los Angeles
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