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Jeff Bezos the Richest Man in The World

A self-made man and the richest one in the world with a 140 billion dollar, he made himself step by step, started from the button, after graduation he worked at Fitel a financial telecommunications start-up, he is the great technological man Jeff Bezos, he was born on January 2, 1964, in Albuquerque, New Mexico, Bezos is an entrepreneur that played a vital role in growing electronic commerce around the world.

Jeff Bezos and the Early Start

He graduated from Princeton in 1986, started his career in a start-up company called Fitel where he was given a task to build a network for international trade and he managed to do it, after that he was promoted to head of development and director of customer service thereafter.

Jeff Bezos and Amazon

Jeff Bezos founded Amazon in his garage on July 5, 1994, after he left his job at D. E. Shaw. Bezos named his new company 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.

 

Bezos accepted an estimated $300,000 from his parents and invested in Amazon. He warned many early investors that there was a 70% chance that Amazon would fail or go bankrupt. Although Amazon was originally an online bookstore, Bezos had always planned to expand to other products.

Jeff Bezos The Richest Man in the World

Bezos became a millionaire in 1997 after raising $54 million through Amazon’s initial public offering.  He was first included on Forbes The World’s Billionaires list in 1999 with a registered net worth of $10.1 billion. His net worth decreased to $6.1 billion a year later, a 40.5% drop.

Bezo’s wealth plummeted, even more, the following year, dropping 66.6% to $2.0 billion. He lost $500 million the following year, which brought his net worth down to $1.5 billion. The following year, his net worth increased by 104% to $2.5 billion. From 2005 to 2007, he quadrupled his net worth to $8.7 billion. 

After the financial crisis and succeeding economic recession, his net worth would erode $6.8 billion—a 17.7% drop. His wealth rose by 85.2% in 2010, leaving him with $12.6 billion. This percentage increase ascended him to the 43rd spot on the ranking from 68t.

On March 6, 2018, Bezos was officially designated the richest person in the world with a registered net worth of $112 billion. He unseated Bill Gates $90 billion who was $6 billion ahead of Warren Buffett $84 billion, ranked third on the world.

In conclusion, Jeff Bezos is a great man he made himself from the button and he is a great example of the successful man and a role model for all of us to try to do what he did and achieve great things in our lives.