Yes. [287], In May 2017, Bezos gave $1million to the Reporters Committee for Freedom of the Press, which provides pro bono legal services for American journalists. [288] On June 15, 2017, he posted a message on Twitter asking for ideas for philanthropy: "I'm thinking about a philanthropy strategy that is the opposite of how I mostly spend my timeworking on the long term". So, lets say he pays $4.5 [256][257][258] On April 4, 2019, the divorce was finalized, with Bezos keeping 75% of the couple's Amazon stock and MacKenzie getting the remaining 25% ($35.6billion) in Amazon stock. [62] In October of that year, Amazon was recognized as the largest online shopping retailer in the world. But he's now out of the NFL and working as the head coach of the XFL's Houston Roughnecks And Phillips - part of a first family of football in Houston thanks to [98] He has been compared to Branson and Elon Musk as all three are billionaires who prioritize spaceflight among their business interests. At all. [94] After the company gained the public's attention during the late 2000s, Bezos additionally indicated his interest in reducing the cost of space travel for humans while also increasing the safety of extraterrestrial travel. "[82] Sanders's efforts elicited a response from Amazon which pointed to the 130,000 jobs it created in 2017 and called the $28,446 figure for its median salary "misleading" as it included part-time workers. [3][4] He is the founder, executive chairman, and former president and CEO of Amazon. "We believe this is just the tip of the iceberg, as we develop new ways for Overtime to engage with and entertain the next generation of athletes and fans.". Initially operating out of his garage, the companys first annual revenue was $510,000. In March, the company made headlines when it announced Overtime Elite, a basketball league for 16-to-18-year-olds that allows them to earn at least $100,000 per year. Won't Award Them", "FAA Commercial Human Spaceflight Recognition", "Bloomberg Billionaire Index Jeff Bezos", "Meet Altos Labs, Silicon Valley's latest wild bet on living forever", "This Is The Richest Person in the World", "Jeff Bezos Becomes The First Person Ever Worth $200 Billion", "Amazon CEO Jeff Bezos grows fortune by $24bn amid coronavirus pandemic", "Jeff Bezos to Step Down as Amazon C.E.O. The company also and sells apparel with its logos and branding. Since that report from November 2019, Bezos' ties with the NFL have only grown. During the COVID-19 pandemic, it was reported that Bezos's fortune had grown by $24 billion, citing a surge in demand from households on lockdown shopping on Amazon. [227], In June 2019, Bezos purchased three adjoining apartments overlooking Madison Square Park in Manhattan, including a penthouse, for a combined total of US$80million, making this one of the most expensive real estate purchases within New York City in 2019. A Division of NBCUniversal. Data is a real-time snapshot *Data is delayed at least 15 minutes. A.J. "[159] During the 1990s and early 2000s at Amazon, he was characterized as trying to quantify all aspects of running the company, often listing employees on spreadsheets and basing executive decisions on data. WebFor the years he did pay federal income taxes between 2006 and 2018, Bezos paid a total of about $1.4 billion on a reported income of $6.5 billion, or a rate of about 21.5%. [154][28] Bezos has been known to publicly contest claims made in critical articles, as exemplified in 2015 when he sent a memo to employees denouncing a New York Times piece. Whats more, the report also said that [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. [203] Bezos was officially ranked as the third-wealthiest person in the world, up from the 5th spot in 2016. [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. Bezos retained his interest in The Washington Post and Blue Origin, as well as voting control of the shares received by his ex-wife. Teds grandfather had immigrated from now Denmark to Chicago around 1900. To date, the Brooklyn-based Overtime says it has raised more than $140 million. [117][118] He also invested in Unity Biotechnology, a life-extension research firm hoping to slow or stop the process of aging. [51] Bezos used the $54million raised during the company's 1997 equity offering to finance aggressive acquisition of smaller competitors. Who Will Win? [21] After his parents divorced, his mother married Cuban immigrant Miguel "Mike" Bezos in April 1968. [247] Bezos and his now ex-wife MacKenzie are the parents of four children: three sons and one daughter adopted from China. [58] After the company nearly went bankrupt, he closed distribution centers and laid off 14% of the Amazon workforce. [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". Earlier this month, Jeff Bezos stepped down as the CEO of Amazon, the company he launched in 1994 as an online bookseller. On Saturday, TheAthletic.com reported that Bank of America (which is handling the sale) has informed Bezos that hes out. On October 10, 2017, he made an estimated $6.24billion in 5 minutes, slightly less than the annual gross domestic product of Kyrgyzstan. [262], After the 2016 presidential election, Bezos was invited to join Donald Trump's Defense Innovation Advisory Board, an advisory council to improve the technology used by the Defense Department. Mark remembers his brother being extremely thin and basically eating whatever he wanted. Jeff himself revealed that before Web[DanSnydersYacht] Did Jerry Jones meet with Jeff Bezos to discuss the Commanders sale?!! [260] Jeff Bezos and MacKenzie Bezos have supported the legalization of same-sex marriage, and in 2012 contributed $2.5million to Washington United for Marriage, a group supporting a yes vote on Washington Referendum 74, which affirmed a same-sex marriage law enacted in the state. He was high school valedictorian, a National Merit Scholar,[35][36] and a Silver Knight Award winner in 1982. [268] A 2018, $10billion contract known as the Joint Enterprise Defense Infrastructure (JEDI) project, this time with the Pentagon, was allegedly written up in a way that favors Amazon. [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. We want to hear from you. Overtime is a media company that distributes original sports content on social media outlets, including Snapchat, YouTube and Facebook. Here's who's eligible to attend and why Bezos says 'the child will be the customer. [50] Bezos initially named his new company Cadabra but later changed the name to Amazon after the Amazon River in South America, in part because the name begins with the letter A, which is at the beginning of the alphabet. [216] On July 17, 2018, he was designated the "wealthiest person in modern history"[c] by the Bloomberg Billionaires Index,[219] Fortune,[220] MarketWatch,[221] The Wall Street Journal,[222] and Forbes. That [113] In January 2016, Bezos set out to reinvent the newspaper as a media and technology company by reconstructing its digital media, mobile platforms, and analytics software. When he studied at Stanford, he joined a variety of sports teams, including in-line skating, skiing, gymnastics, and trapeze. It wasn't until 1998, a year after Amazon became a public company, that Bezos became a billionaire. The fundraising comes more than a month after Overtime announced a paid basketball league for young players. [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. [80] While preparing to introduce the bill, Sanders opined: "Instead of attempting to explore Mars or go to the moon, how about Jeff Bezos pays his workers a living wage? [212] During March 9, Bezos earned $230,000 every 60 seconds. Bezos rose to be the 5th richest person in the world hours before market close; he gained $7billion in one hour. [69] Due to the growth of Alibaba in China, Bezos has often expressed interest in expanding Amazon into India. The Washington Post reported back then that Bezos was interested in buying the Seahawks. WebFor the years he did pay federal income taxes between 2006 and 2018, Bezos paid a total of about $1.4 billion on a reported income of $6.5 billion, or a rate of about 21.5%. This is the lowdown on Amazons The Expanse. The great American entrepreneur Jeff Bezos is the co-founder and longest-serving CEO of Amazon. [68] On February 1, 2018, Amazon reported its highest ever profit with quarterly earnings of $2billion. [28] His relative lack of philanthropy compared to other billionaires has drawn a negative response from the public since 2016. Investors in OTE include Portland Trail Blazers forward Carmelo Anthony, Brooklyn Nets star Kevin Durant and Silicon Valley venture capital firm Andreessen Horowitz. Amazon founder Jeff Bezos and music industry star Drake are investing in Overtime as part of a new $80 million round of funding for the sport startup, which is Global Business and Financial News, Stock Quotes, and Market Data and Analysis. That $250,000 investment resulted in 3.3million shares of Google stock, worth about $3.1billion in 2017. [126] They were positively identified as belonging to the Apollo 11 mission's S-1C stage from July 1969. [200], Bezos would continue to sporadically surpass Gates throughout the month of October 2017 after Amazon's share price fluctuated. [238][239], In January 2019, Bezos and his wife Mackenzie Scott released a joint statement which revealed that they would be getting divorced after 25 years together. [66] By January 19, 2018, his Amazon stock holdings had appreciated to slightly over $109billion; months later he began to sell stock to raise cash for other enterprises, in particular, Blue Origin. ", "Jeff Bezos and MacKenzie Bezos have finalized their divorce agreement", "World's richest man Jeff Bezos divorces", "Jeff Bezos, World's Richest Person, Announces Divorce After 25 Years Of Marriage", "MacKenzie Bezos, author, philanthropist, and soon to be world's richest woman? [301][302][303] In April 2020, early in the COVID-19 pandemic, Bezos donated $100 million to food banks through Feeding America. Bezos affinity for the Seahawks goes back to 2019 when he attempted to woo the owners into selling the franchise to him. [48][53][54] He warned many early investors that there was a 70% chance that Amazon would fail or go bankrupt. [34], Bezos attended the Student Science Training Program at the University of Florida. Bezos not only invested in the real estate startup's seed round in 2021, but he doubled down on that investment during the company's series A last year. [18] Jrgensen was a Danish American and was born in Chicago to a family of Baptists. [297], In February 2020, Bezos pledged $10 billion to combat climate change through the Bezos Earth Fund. [28] At the time of the post, Bezos's lifetime spending on charitable causes was estimated to be $100million. Jeff Bezos is a gamer if you count flying rockets into space, co-founder of Amazon-owned Twitch says. In this handout image provided by SportsPro, Dan Porter, Overtime speaks during the SportsPro OTT Summit USA 2020 at Turner Studios on February 19, 2020 in Atlanta, Georgia. [96] After the crash, Bezos has been superstitiously wearing his "lucky" Texas Cowboy boots to all rocket launches. Billionaire Amazon founder Jeff Bezos recently said he plans to give away the majority of his fortune. [45][43], In late 1993, Bezos read that the Internet was growing at a rate of 2300% a year and decided to establish an online bookstore. )", "America produced the largest number of billionaires in the world", "Jeff Bezos moves to top spot on Forbes' annual billionaires list", "Here's Why Jeff Bezos Is Not Truly The Richest Person in History", "Jeff Bezos Had a Record-Breaking One-Year Net Worth Jump", "Forbes Billionaires 2018: Meet The Richest People on the Planet", "Jeff Bezos world's first centibillionaire: Amazon boss' journey to beat Bill Gates to the top of Forbeslist", "Jeff Bezos Is Worth $112 Billion, Overtaking Bill Gates as the Richest Man in the World", "Bezos' Billions: The Wealth of a 'Centi-Billionaire', "Jeff Bezos Is Making an Insane $230,000 a Minute Right Now", "Here's How Much Amazon CEO Jeff Bezos Would Be Worth if He Never Sold a Single Share", "Jeff Bezos is rich enough to buy many of the world's stock markets outright", "Is Jeff Bezos's Massive Wealth Becoming a Problem? [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. [240][241] Later, Bezos published an online essay on February 7, 2019, in which he accused American Media, Inc. owner David Pecker of "extortion and blackmail" for threatening to publish intimate photos of Bezos and current girlfriend Lauren Snchez[242] if he did not stop his investigation into how his text messages and other photos had been leaked to the National Enquirer. [28] Multiple opinion columnists responded by asking Bezos to pay higher wages to Amazon warehouse workers. [25] Jeff's maternal grandfather was Lawrence Preston Gise, a regional director of the U.S. Atomic Energy Commission (AEC) in Albuquerque. [243][244] Media reports have accused Sanchez's brother Michael of being the source for the photos obtained by National Enquirer; however, Bezos has speculated that it may have been the Saudi Arabian government. He also purchased the major American newspaper The Washington Post in 2013 for $250million and manages many other investments through his venture capital firm, Bezos Expeditions. [92][248] Bezos and MacKenzie have not disclosed their religious status. [132][133] Journalist Mark O'Connell criticized Bezos's relentless customer focus as "very small" in terms of impact on humanity as a whole,[134] a sentiment technologist Tim O'Reilly agreed with. "[137] Select accounts of his persona have drawn controversy and public attention. $3,487 is divided by 47, a fraction. With a net worth of US$128 billion as of February 2023, Bezos is the third-wealthiest person in the world and was the wealthiest from 2017 to 2021 according to both Bloomberg's Billionaires Index and Forbes. [107] In July 2018, it was announced that Bezos had priced commercial spaceflight tickets from $200,000 to $300,000 per person.[108]. [211] Bezos's net worth increased by $33.6billion from January 2017 to January 2018. Since its launch in 2016, Overtime said, it has nearly 50 million social media followers. [100] Later in November, Blue Origin's New Shepard space vehicle successfully rocketed into space and reached its planned test altitude of 329,839 feet (100.5 kilometers) before executing a vertical landing back at the launch site in West Texas. WebForbes estimates that Bezos has donated $2.4 billionless than 2% of his total net worthto charitable causes during his lifetime. [116] He was one of the first shareholders in Google, when he invested $250,000 in 1998. [124][125] In 2013, Bezos Expeditions funded the recovery of two Saturn V first-stage Rocketdyne F-1 engines from the floor of the Atlantic Ocean.
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