Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top

Biography: Bezos, from a cubicle in an investment bank to the world's richest person

avatar
美投365 wrote a column · Mar 19 12:38
Search the official account: meitou365
Daily stock selection, character biography, slow reading
Recently, a piece of news has once again attracted people's attention to the former world's richest man - Bezos. In addition to some personal gossip about him, the commercial empire he created has been slowly expanding and appreciating. While living an exciting life, his career has also been very successful. How did he succeed step by step, perhaps the following story will give you some inspiration.
Biography: Bezos, from a cubicle in an investment bank to the world's richest person
A teenager working at McDonald's
His mother Jackie was a girl under the age of sixteen when she gave birth to him in the mid-1960s, and his biological father was a circus performer. Shortly afterwards, Jackie married Cuban immigrant Miguel Bezos, who adopted her child and treated him as his own son. In fact, it wasn't until he was ten that Jeff found out that Miguel was not his biological father.
Biography: Bezos, from a cubicle in an investment bank to the world's richest person
During his childhood and adolescence, Jeff was evidently a talented child who had a special interest in the popular sci-fi movie "Star Trek". This obsession was an important factor in his character and later prompted him to establish his own aerospace company, "Blue Origin". This obsession has led some people to believe that Bezos's current appearance - bald and extremely thin - is an attempt to imitate Captain Jean-Luc Picard from "Star Trek".
When Bezos was 16, he started his first job at a McDonald's in Texas, where he was responsible for grilling hamburger patties and sending them to the sandwich production line.
Bezos had a natural sensitivity to business, and even began organizing summer camps in his teenage years, accumulating some funds for his future studies. Later, he entered Princeton University, initially majoring in physics, but quickly switched to computer science and demonstrated extraordinary abilities.
After graduating from college, faced with job opportunities from multiple well-known companies, including Intel, Bell Labs, and Andersen Consulting, the young graduate rejected all of these offers and chose to work at a small telecommunications startup called Fitel.
Bezos' work experience at Fitel, though brief, quickly led him to the position of Director of Customer Service. Despite the company ultimately ending in failure, Bezos learned many valuable business principles from it, especially in the early stages of entrepreneurship, which laid the foundation for his future success.
Subsequently, Bezos found a job at Bankers Trust, which was later acquired by Deutsche Bank. At the age of 26, Bezos broke records by being promoted to Vice President of the bank at an unprecedented speed, but he soon lost interest in this job and decided to shift towards the technology and investment fields.
In the cubicle of an investment bank at the age of thirty.
On an ordinary morning in 1994, a young investor in his early thirties walked into his office on Wall Street and casually draped his jacket over a nearby bench. His routine in the morning involved sipping coffee, reading the newspaper, and then immersing himself completely in the intense work until late at night.
That morning, a shocking news caught his attention, reporting a 2300% annual growth in the number of internet users. At that time, the internet was still in its early stages of development, but this growth rate was extremely astonishing for this young man whose daily work involved numbers and investments.
Biography: Bezos, from a cubicle in an investment bank to the world's richest person
For this seasoned professional in the investment world, such news could not be ignored. He quickly identified the huge internet opportunities behind it and realized that these opportunities needed to be seized rapidly and effectively.
In 1994, a year after marrying Mackenzie Tuttle, Bezos, despite having a stable income and an enviable position, decided to resign and start a business from scratch. Bezos employed the 'regret minimization framework' to handle major decisions in life, believing that if he didn’t try, he would deeply regret it in the future.
Achieving dreams on Amazon.
This young man delved into the opportunities behind the rapid growth of the internet, and listed 20 possible products for online sales, ultimately choosing books. He chose books not because he had a particular preference for reading, but because books, as a product, are easy to sell and deliver quickly, and have fewer major issues with returns, logistics, or pricing compared to other commodities such as outfits and hardware.
Biography: Bezos, from a cubicle in an investment bank to the world's richest person
To everyone's astonishment, this young man quit his stable job without receiving his year-end bonus. He borrowed $0.3 million from his parents and friends and, together with his wife, started his entrepreneurial project in a small garage, where all the necessities were set up. Everyone thought he was crazy, after all, he gave up his current job and took this step at great risk, which seemed completely illogical.
However, a few years later, when his online store went public in 1997, this young man's wealth exceeded $1 billion, which meant that within just four years after the start of his adventure, he went from being a millionaire to a billionaire.
Biography: Bezos, from a cubicle in an investment bank to the world's richest person
With Amazon going public in 1997, Bezos not only became a billionaire, but this was just the beginning of his journey. He became an early investor in Google and launched the Blue Origin project in 2000, realizing his space dreams. In the first decade of the new millennium, Bezos was busy developing Amazon and Blue Origin until 2013, when he announced the acquisition of The Washington Post.
He became an early investor in Google and launched the Blue Origin project in 2000, realizing his space dreams. In the first decade of the new millennium, Bezos was busy developing Amazon and Blue Origin until 2013, when he announced the acquisition of The Washington Post.
Bezos became the world's richest person for the first time in 2017, with an estimated wealth of $90 billion. Although his wealth decreased due to divorce, by the end of 2020, with the growth of Amazon's business, his wealth soared to $200 billion. However, Elon Musk surpassed him in the last quarter of 2021 and became the new world's richest person.
After years of development, he, who was underestimated by many, became one of the richest people on Earth in 2021, with a fortune exceeding $200 billion. His simple online bookstore has become a global e-commerce giant, selling various commodities.
After 27 years of establishment, Bezos announced that he will hand over the CEO position to his assistant Andy Jassy in order to focus more on developing more projects, especially his aviation and space company, Blue Origin.
Biography: Bezos, from a cubicle in an investment bank to the world's richest person
Today, Amazon has over 0.5 million employees and a market cap of over 1.7 trillion dollars. Bezos still remembers the days when he personally delivered packages to the post office, dreaming of owning his own transportation vehicles someday.
*Note: The cover image and illustrations are sourced from the internet. If the original author disagrees with the use, please contact us to remove them as soon as possible.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
3
1
+0
See Original
Report
43K Views
Comment
Sign in to post a comment