To some business conscious person, Jeff Bezos’ wealth is not a surprise, because record has it that his grandfather was one of the largest land owners in Texas. That alone form part of the business foundation empire laid down so to say. And when Jeff wanted to start Amazon, his parents invested heavily into the start up, what ordinarily could have been quiet difficult for an average entrepreneur to get as start up capital.
Early life of Bezos Jeff
Born on January 12, 1964, in Albuquerque, New Mexico, to a teenage mother, Jacklyn Gise Jorgensen, and his biological father, Ted Jorgensen. It was on record that the Jorgensens married less than a year when Bezos was 4 years old his mother remarried, to Cuban immigrant Mike Bezos at the time Jeff Bezos developed interest early in how things work the way they work. As a result of his curiosity, he turned his parents' garage into a laboratory and rigging electrical contraptions around his house to actually play and experiment.
When the family moved to Miami with him as a teenager, he began to develop love for computers thereby graduated valedictorian of his high school when he started his first business, the Dream Institute, an educational summer camp for fourth, fifth and sixth graders respectively.
He vigorously pursued his career in computers where he graduated summa cum laude in 1986 with a degree in computer science and electrical engineering at Princeton University . Upon graduation, he found work at several firms on Wall Street, including Fitel, Bankers Trust and the investment firm D.E. Shaw, just to demonstrate his zeal for business.
Jeff Family
ItJeff met his wife at D.E. Shaw, MacKenzie Tuttle. She then became the company's youngest vice president in the year 1990. Jeff and Tuttle married in the year 1993, unfortunately officially announced their divorce in 2019. The union was blessed with and produced four children together — that is, three sons and a daughter that was adopted from China.
How Amazon partnered to Venture into Healthcare
Amazon, JPMatgan Chase and Berkshire Hathaway gave a joint press release to form a new healthcare company for their U.S. employees in January 30, 2018, Amazon through the pool of their resources together.
They said that the company will be ‘free from profit making incentives and constraints’. The intention was to find ways to cut costs, then boost satisfaction for patients with an initial focus on technology solution base.
"The healthcare system is complex, and we enter into this challenge open-eyed about the degree of difficulty," said Bezos. "Hard as it might be, reducing healthcare's burden on the economy while improving outcomes for employees and their families would be worth the effort." Divorce Scandal
In January, 2019, he formally announced his divorce, an action that prompted The National Enquirer with a threat to publish post and photos of his extramarital affair.
Swiftly, Jeff launched an investigation into real motives behind The National Enquirer and indeed its parent company, American Media Inc. But the Bezos accused AMI of threat to publish explicit photos unless he stopped the planned investigation
Here his reaction "Of course I don’t want personal photos published, but I also won't participate in their well-known practice of blackmail, political favors, political attacks and corruption," Bezos wrote. "I prefer to stand up, roll this log over and see what crawls out."
Bezos Jeff message of encouragement for to be Entrepreneurs One day, during Amazon re:Mars conference in Las Vegas , Jeff made several encouraging speeches to encourage to be entrepreneurs across the world. Read what he said: "Take risk. You have to be willing to take risk. If you have a business idea with no risk, it's probably already being done," again he said: "You've got to have something that might not work. It will be, in many ways, an experiment."
He added that many of those experiments sometimes will certainly fail, However, "big failures" almost all the time are inevitable and necessary tool that form part of the journey toward success that you need in the overall outcome of your business success, honestly speaking.
"We take risks all the time, we talk about failure," he said. "We need big failures in order to move the needle. If we don't, we're not swinging enough. You really should be swinging hard, and you will fail, but that's okay."
Jeff said that more to taking risks and failing, the entrepreneurs must also be passionate and consistence to help achieve the overall goal.
"You'll be competing against those who are passionate," he said. He further stressed that , entrepreneurs should try to be "customer-obsessed."
"The most important thing is to be customer-obsessed," he said. "Don't satisfy them, absolutely delight them."
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