Behind Closed Doors: 15 Startling Revelations About Jeff Bezos You’d Never Expect

In the era of modern entrepreneurship, few names are as noteworthy as Jeff Bezos. Born on January 12, 1964, in Albuquerque, New Mexico, Bezos is famous as the founder of tech giant Amazon. This company changed the way we buy things on the internet and made Bezos one of the richest people on the planet.

However, this adventure was not as smooth as most would think it was. He had worked really hard to make it a success. It’s also important to mention that this isn’t the only thing he’s known for. Here are some lesser-known and startling revelations about Jeff Bezos:

Teenage Entrepreneur

Jeff Bezos showed early signs of entrepreneurship when he started his first business at the age of 16. It was named the “Dream Institute” and was an educational summer camp for young students. Bezos and his friends created a curriculum for it and even taught the courses themselves.

Origins in Finance

Before founding Amazon, Bezos briefly worked on Wall Street in the field of computer science and finance, as he had studied electrical engineering and computer science at Princeton University. His background wasn’t initially in e-commerce, but he was smart enough to realize the potential of the internet for commerce.

Early investment in Google

In 1998, just a year after Google was founded, Bezos invested $250,000 in it. This was when no one knew what Google would turn out to be. However, Bezos was far-sighted, which is why this turned out to be a very wise investment.

A Garage Start-up

Amazon, now one of the largest companies in the world, began in Jeff Bezos’s garage in 1994. He started by selling books online before evolving into the global marketplace that Amazon is today. He found that at any time, three million books are being actively read. He learned that books are consumed more than anything else.

Fast Fortune

Bezos became a billionaire in just three years after launching Amazon, making him one of the fastest-growing billionaires in history.  He has since become the richest man on earth, an honor he and Elon Musk have enjoyed several times at the expense of each other.

Consumer-Centric Approach

Amazon’s obsession with customer satisfaction is a core principle and is even considered legendary. They even have a “Customer Obsession” principle that drives their decision. Which is why they are the most trusted e-commerce platform out there.

Media Mogul

In 2013, Bezos bought The Washington Post, a prestigious newspaper, for $230 million. Under his ownership, The Washington Post has undergone notable transformations. It has been evolving continuously with the changing trends in media. However, it has maintained its legacy of journalistic integrity and excellence.

Space Enthusiast

Bezos is passionate about space exploration. He founded Blue Origin, a company aiming to make space travel accessible for everyone. It also aims to enable a future where millions of people can live and work in space.

Rigorous Decision-Making Process

At Amazon, Bezos implemented the “two-pizza team” rule, meaning teams should be small, typically consisting of 5-7 members, so that they could be fed with just two pizzas. The idea behind this rule is to encourage efficiency, communication, and decision-making within the team.

Ruthless Work Ethic

Bezos is known for his demanding work culture at Amazon. At Amazon, innovation is not just encouraged but is practically considered a way of life. Bezos believes in pushing boundaries and taking risks, even if it means encountering failure along the way. This proves that he prioritizes long-term vision over short-term gains.

Kindle Revolution

In 2007, Bezos introduced the Kindle e-reader, which transformed the way people read books, magazines, and newspapers. The Kindle not only made reading more accessible and convenient but also boosted the e-book industry. This innovation transformed the publishing industry by popularizing e-books and changing how we consume written content.

 Philanthropy

Jeff Bezos is also known for being a big-hearted person. He has been giving away billions of dollars to help with different important things. One of his biggest efforts is the Bezos Earth Fund, a commitment of $10 billion for the protection and conservation of nature and endangered species. It also aims to combat climate change and its harmful effects.

Resilience

Amazon’s starting days were not as profitable as most people think. It struggled to turn a profit early on. Also, during the dot-com bubble burst in the early 2000s, many internet companies went bankrupt. Amazon was also heavily impacted.

Amazon also faced fierce competition from other giants like Walmart and, later, cloud computing rivals like Microsoft and Google. But Bezos never gave up; he struggled and remained resilient. This is why he’s this much successful today.

Passion for Long-term Thinking

Bezos is known for emphasizing the importance of thinking long-term. This can be proven from his exploits, such as investing in Google and shifting his focus entirely towards e-commerce when they were just in their formative phases.

Personal Life

Bezos is divorced and has four children. As part of the settlement with his ex-wife, MacKenzie Scott, Mackenzie received a substantial portion of about 25% of Amazon’s stock. This made her one of the world’s wealthiest women overnight at that time.

Conclusion

These facts provide a glimpse into the life of Jeff Bezos, a visionary entrepreneur who has left an ever-lasting impact on technology, business, and space exploration. His journey from a modest garage startup to reshaping entire industries showcases the incredible possibilities that determination, innovation, and a relentless pursuit of excellence can unlock.

Jeff Bezos’s story serves as an inspiration for aspiring entrepreneurs and also shows the importance of the transformative power of ambition and resilience.a

Don’t Toss It Yet: 12 Overlooked Antiques In Your Home That Could Make You An Overnight Millionaire

Antique items have long captured the fascination of collectors and enthusiasts, and beyond their sentimental value, they hold the potential to bring considerable wealth to their fortunate owners.
Here are the 12 Overlooked Antiques In Your Home That Could Make You An Overnight Millionaire

Profitable Stock Traders are Using This Tool to “Hack” the Markets

This tool is helping traders beat the market compared to those who have no idea what is.
Here are the Top 28 Stock Trading Discord Servers Right Now.

10 Industries That Will Make The Most Millionaires In The Next 5 Years

If you are not paying attention to these 10 industries, you are about to miss out on the next boom of millionaires.
See the 10 Industries About to Make the Most Millionaires in the Next 5 Years.

8 Cryptos Set to Shoot to the Moon in 2023 – One Small Investment, One Giant Leap for Your Wallet

These are 8 cryptocurrencies you need to know about before you miss out on the next boom.
8 Cryptos Set to Shoot to the Moon in 2023 – One Small Investment, One Giant Leap for Your Wallet

10 Stocks in Bill Gates Stock Portfolio Smart Investors are Buying

We share the top 10 stocks that Bill Gates owns that smart investors are buying right now.
10 Stocks in Bill Gates Stock Portfolio Smart Investors are Buying

The wealthiest people on Earth share similarities in their habits. We break down the 27 habits you would not expect!
The 27 Unexpected Habits Of The Wealthy: Secrets To Maximize Your Money

This Options Discord Chat is The Real Deal

While the internet is scoured with trading chat rooms, many of which even charge upwards of thousands of dollars to join, this smaller options trading discord chatroom is the real deal and actually providing valuable trade setups, education, and community without the noise and spam of the larger more expensive rooms. With a incredibly low-cost monthly fee, Options Trading Club (click here to see their reviews) requires an application to join ensuring that every member is dedicated and serious about taking their trading to the next level. If you are looking for a change in your trading strategies, then click here to apply for a membership.