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29/08/2023

Jeff Bezos has been hailed as the richest man in the world, inching out long-time titleholder and Microsoft co-founder Bill Gates. The majority of his earnings came from his online shopping retail site Amazon.com with record-breaking profits from Amazon Prime Day. Huge portions also stemmed from his acquisition of Whole Foods in 2017 and The Washington Post in 2013. Adding to the Bezos Empire are big brands and promising companies as well including Zappos, Living Social, Audible, Alexa, Stack Overflow, Business Insider, Twitter, and even video streaming website Twitch. His estimated net worth is $108.1 billion, according to Forbes.

Cuban was born on July 31, 1958 in Pittsburgh, Pennsylvania and was raised in a middle-class family. Norton Cuban, the billionaire’s father, worked as a car upholsterer most of his life while his grandfather, Morris Chobanisky, moved from Russia and made a living by selling various products from the back of his truck. His mother’s name is Shirley Feldman. Bezos was born on January 12, 1964 to Jacklyn Gise Jorgensen and Ted Jorgensen in Albuquerque, New Mexico. His mother remarried four years later and Cuban immigrant Mike Bezos adopted the young child. Even at his tender age, Bezos had been known as the young tinkerer in the family, often seen pulling apart electrical contraptions and figuring out how these worked. He actually eventually turned the family’s garage into his very own laboratory and started tinkering and rigging various appliances and equipment he found in the house.

The Bezos family moved to Miami when the billionaire was in his teenage years. He completed his high school education at Miami Palmetto Senior High School, where he graduated class valedictorian, and the location of his first ever business, which he called the Dream Institute. The goal of his newly formed company was to provide an educational summer camp for children in the fourth, fifth, and sixth grade.

In 1986, Bezos graduated summa cm laude from Princeton University with a B.Sc. degree in Electrical Engineering and Computer Science. Following his graduation, he worked for several Wall Street firms including Fitel, Bankers Trust and D. E. Shaw & Co, New York. By 1990, Bezos was hailed as D. E. Shaw & Co’s youngest vice president. Despite his remarkable success in the finance industry, however, he opted to quit his job and start his own business.

In 1994, the young prodigy started his journey in the world of e-commerce and Amazon.com was born. The company started out as an Internet retailer of books. It eventually grew and included a wide array of products and services in its inventory such as toys, jewelry, electronics, clothes, shoes, and watches. Now, the company even offers audio and video streaming services as well as other cloud infrastructure services made available via the Amazon Web Services branch. On top of the extensive list of items available on the site, Bezos also spearheaded initiatives to constantly improve customer experiences including improvements like e-mail order verification, one-click shopping, and user reviews.

In 2013, Bezos became the talk of the country when he bought The Washington Post along with the other publications associated with The Washington Post Co. This acquisition ended the four-generation reign of the Graham family over the company. On the same year, Bezos once again made headlines when he introduced “Amazon Prime Air.” The goal of this new initiative is to have drones, which are remote-controlled aerial devices, deliver products to Amazon customers.
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