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From Modest Origins To The Wealthiest Man On The Planet.

 


Let’s discuss the true motivational story of Jeff Bezos: When jeff's mother gave birth, she was seventeen years old, and his father had a bike store. After a few years of divorce, his mother, Jacklyn, married Miguel Bezos in 1968. Miguel was a Cuban immigrant who adopted young Jeff and changed his name to Jeff Bezos not long after the wedding. The family relocated to Houston, Texas, where he attended elementary school before transferring to Florida to finish high school.


Jeff Bezos wanted to try something new at the beginning of 1994. He desired to establish an online bookstore. He quit his job as a hedge fund manager and created Amazon, which is today renowned all over the world. He picked this name for two reasons: it honors the Amazon rainforest in South America and it begins with the letter A, the first letter of the alphabet. Starting with a $300,000 investment from his parents, Jeff Bezos warned his investors that he had a 70% probability of going bankrupt after completing some meticulous calculations. He was confident that, as the internet grew in popularity, Amazon would eventually supplant brick-and-mortar stores.


Despite selling hundreds of millions of shares in Amazon to fund other ventures such as the space exploration project "Blue Origin," Jeff Bezos continued to develop Amazon, employing 130,000 people in 2007. The next year, Jeff Bezos would surpass Microsoft founder Bill Gates and be crowned the "Wealthiest Man in the World" by Forbes magazine, with a net worth of $112 billion.



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