This growth is also reflected in Amazon’s share prices that skyrocketed from US$94 in October 2008 to US$2130 in January 2020. After a few notable competitor acquisitions, market expansions, and the establishment of the Amazon Web Services (AWS), the company reported a massive increase in revenue from US$511,000 in 1995 to an excess of US $3 bn in 2001 and US$300 bn in 2020. The company saw tremendous growth following its Initial Public Offering (IPO) in May 1997 and a subsequent diversification in its online catalogue of products. In 1996, the venture capital firm Kleiner Perkins also invested another US$8 million in the company. This initial and rapid success helped Bezos acquire approximately US$1 million in seed funding from approximately 20 angel investors between 19. Within its first month of operations, Amazon had managed to generate sales in every US state and 45 countries across the world. He came up with a business strategy to sell products online to capitalize on this opportunity and left the firm to establish Amazon, an online bookstore in July 1994.
Shaw & Co., a hedge fund, and rose through the ranks to become its fourth Vice President in merely 4 years.ĭuring his time as VP, he witnessed the exponential growth of the internet.
Next, after a brief stint as a product manager at the Banker’s Trust (now acquired by Deutsche Bank), he accepted a position at D. He went on to study electrical engineering and computer science at Princeton University, graduating summa cum laude in 1986.Īfter graduating he began working at fintech startup, Fitel, where he’d move up to become director of customer services. However, Jacklyn later remarried Mike Bezos, a Cuban engineer and had their surnames legally altered to Bezos.Īfter completing his grades four through six at the River Oaks Elementary School in Houston, he attended the University of Florida’s Student Science Training Program and graduated as high school valedictorian, a National Merit Scholar, and a Silver Knight Award recipient in 1982. Jeffrey Preston Jorgensen was born on January 12, 1964, in Albuquerque, New Mexico to Ted Jorgensen and a then-teenage Jacklyn Bezos (née Gide), a high school student.
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