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Sports media company Overtime has secured an $80 million fundraising round with investors including Jeff Bezos' investment firm, global entertainer Drake, Reddit co-founder Alexis Ohanian and several National Basketball Association players. [301][302][303] In April 2020, early in the COVID-19 pandemic, Bezos donated $100 million to food banks through Feeding America. ", "Amazon is celebrating its 25th birthday. [129][130], In September 2021, Bezos co-founded Altos Labs with Mail.ru founder Yuri Milner. [3][4] He is the founder, executive chairman, and former president and CEO of Amazon. [188] He lost $500million the following year, which brought his net worth down to $1.5billion. [68] On February 1, 2018, Amazon reported its highest ever profit with quarterly earnings of $2billion. Here's who's eligible to attend and why Bezos says 'the child will be the customer. On Friday night, the New York Postreported that Amazon founder Jeff Bezos has been benched from bidding on the team. On October 10, 2017, he made an estimated $6.24billion in 5 minutes, slightly less than the annual gross domestic product of Kyrgyzstan. The real question, as a league source has framed it for PFT, is whether Bezos has deliberately chosen not to get in, or whether he has been frozen out. [28] His relative lack of philanthropy compared to other billionaires has drawn a negative response from the public since 2016. "[137] Select accounts of his persona have drawn controversy and public attention. ago The conversation was a lot more depressing than what you imagine r/SCP Join 3 yr. ago Their returns? But if OTE players do not pursue a professional career, OTE will provide an additional $100,000 for college tuition. [69] Due to the growth of Alibaba in China, Bezos has often expressed interest in expanding Amazon into India. Altos Labs is a generously funded biotechnology company dedicated to harnessing cellular reprogramming to develop longevity therapeutics. However, Bezos would keep all of the couple's voting rights. As of now, players who join are not eligible for collegiate-level play. Whether it is his business life or fitness life, Jeff Bezos has always been the alpha of both. [127][128] The engines are currently on display at the Seattle Museum of Flight. Perez of FrontOfficeSports.com reports that no bid exceeded $6.3 billion. "[89], In September 2000, Bezos founded Blue Origin, a human spaceflight startup. [135] His business practices projected a public image of prudence and parsimony with his own wealth and that of Amazon. The Washington Post reported back then that Bezos was interested in buying the Seahawks. [67] On January 29, 2018, he was featured in Amazon's Super Bowl commercial. [306], Bezos Academy is a group of tuition-free preschools for students from low-income families, which was created by Bezos, and which operate in a manner similar to the Montessori method. [212] During March 9, Bezos earned $230,000 every 60 seconds. Blue Origin's New Shepard vehicle reached space in 2015 and afterwards successfully landed back on Earth; he flew into space on Blue Origin NS-16 in 2021. In September 2021, Bezos co-founded biotechnology company Altos Labs with Mail.ru founder Yuri Milner.[7]. For other people with the surname, see, Wealthiest people in the United States by state, All currency figures expressed in the United States dollar (US$) in, Many calculations of Bezos's wealth during the late 2010s were not, Students for the Exploration and Development of Space, Heinlein Prize for Advances in Space Commercialization, Reporters Committee for Freedom of the Press, undocumented immigrants brought to the United States as minors, 2021 United Nations Climate Change Conference, "Riding the Wild, Perilous Waters of Amazone.com", "Jeff Bezos Is Getting Astronaut Wings. [98] He has been compared to Branson and Elon Musk as all three are billionaires who prioritize spaceflight among their business interests. 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.[5][6]. Bezos retained his interest in The Washington Post and Blue Origin, as well as voting control of the shares received by his ex-wife. [57] In 2003, Amazon rebounded from financial instability and turned a profit of $400million. Perez of FrontOfficeSports.com reports that Bezos remains in the mix. [205] He unseated Bill Gates ($90billion), who was $6billion ahead of Warren Buffett ($84billion), ranked third. [253] He had lobbied Paramount for the role apropos of Alexa and his personal/professional interest in speech recognition. ", "Amazon will have a new CEO as Jeff Bezos transitions to executive chair later this year", "Jeff Bezos and brother to fly to space in Blue Origin flight", "Jeff Bezos, Mark Bezos, Wally Funk and Oliver Daemen reach edge of space, return safely on Blue Origin's New Shepard rocket", "Jeff Bezos's single teen mom brought him to night school with her when he was a baby", Why Some Locals Are Skeptical About Jeff Bezos' Free Preschool Near Seattle, "At Last, Jeff Bezos Offers a Hint of His Philanthropic Plans", "Jeff Bezos just sold $534million worth of Amazon stock", "Biography and Video Interview of Jeff Bezos at Academy of Achievement", "Jeff Bezos: A rocket launched from Miami's Palmetto High", "Amazon.com's Bezos invests in space travel, time", "How Amazon's Jeff Bezos went from the son of a teen mom to the richest person in the world", "Top Executive Profiles Jeffrey P. Bezos", "MacKenzie Bezos and the Myth of the Lone Genius Founder", "Who's Writing the Book on Web Business? [233], Bezos is the owner of the Y721, a luxury superyacht estimated to cost more than $500,000,000. This percentage increase ascended him to the 43rd spot on the ranking from 68th. 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%. Data is a real-time snapshot *Data is delayed at least 15 minutes. [143] Additionally, Bezos reportedly pitted Amazon teams against each other, and once declined to give Amazon employees city bus passes in order to discourage them from leaving the office. Retail [155][156], Day 1: start upDay 2: stasisDay 3: irrelevanceDay 4: "excruciating, painful decline"Day 5: death, Bezos has stated "it is always Day 1" to describe his growth mindset. [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. WebAmerican entrepreneur Jeff Bezos played a key role in the growth of e-commerce as the founder and chief executive officer of Amazon.com, Inc., an online retailer, Web services provider, and manufacturer of electronic book readers. [56] In response to critical reports from Fortune and Barron's, Bezos maintained that the growth of the Internet would overtake competition from larger book retailers such as Borders and Barnes & Noble. The letter demanded "Fair wages; fair benefits for retirement, family leave and health care; and a fair amount of job security. [197] By the time the Forbes list was calculated in March 2016, his net worth was registered at $45.2billion. "[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. Overtime said it will use a portion of the $80 million to help pay for salaries of players and staff, support league start-up costs, invest in the NFT sector and enhance its app. To date, the Brooklyn-based Overtime says it has raised more than $140 million. He is the founder, executive chairman, and former president and CEO of Amazon. Bezos founded the aerospace manufacturer and sub-orbital spaceflight services company Blue Origin in 2000. [143][144], During the early 2010s, Bezos solidified his reputation for aggressive business practices, and his public image began to shift. [41][42], After Bezos graduated from college in 1986, he was offered jobs at Intel, Bell Labs, and Andersen Consulting, among others. In September 2016, Bezos received a $250,000 prize for winning the Heinlein Prize for Advances in Space Commercialization, which he donated to the Students for the Exploration and Development of Space. [15] In September 2022, he was ranked second on the Forbes 400 list of wealthiest Americans with a net worth of $151 billion. Who Will Win? Once built, it will be the largest yacht in the world. [97] In May 2013, Bezos met with Richard Branson, chairman of Virgin Galactic, to discuss commercial spaceflight opportunities and strategies. [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. His one line consisted of a response to an alien in distress: "Speak Normally." When he studied at Stanford, he joined a variety of sports teams, including in-line skating, skiing, gymnastics, and trapeze. [234], Bezos is known for creating an adversarial environment at Amazon, as well as insulting and verbally abusing his employees. It is the world's largest online sales company, the largest Internet company by revenue, and the largest provider of virtual assistants and cloud infrastructure services through its Amazon Web Services branch. Day 1 Families Fund grants, the amounts of which vary in monetary terms, will be sent to 40 organizations across the country.[309]. [185] He was first included on the Forbes World's Billionaires list in 1999 with a registered net worth of $10.1billion. Jeff Bezos once tried to buy the Seattle Seahawks, even when they werent selling. ", "What Has Jeff Bezos Chosen to Spend His $140B On? "I don't want to drag anybody around," he said . [84] On October 2, 2018, Bezos announced a company-wide wage increase, which Sanders applauded. [30][31] The family moved to Miami, Florida, where Jeff attended Miami Palmetto High School. [28][29] Jeff displayed scientific interests and technological proficiency and once rigged an electric alarm to keep his younger siblings out of his room. "[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. [264][265][266][267], In 2014, Amazon won a bid for a cloud computing contract with the CIA valued at $600million. [10] In 2020 during the COVID-19 pandemic, his wealth grew by approximately $24billion. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Shaw in 1994 and moved to Washington State to start Amazon as an Internet bookstore. [51], In 1998, Bezos diversified into the online sale of music and video, and by the end of the year he had expanded the company's products to include a variety of other consumer goods. [165][166] Bezos maintains the email address jeff@amazon.com[167] as an outlet for customers to reach out to him and the company. [43] He first worked at Fitel, a fintech telecommunications start-up, where he was tasked with building a network for international trade. Richard Lautens | Toronto Star | Getty Images. Bezos' net worth is worth $119 billion, according to Forbes , and he'd likely be able to outbid other potential buyers. Whats more, the report also said that [51] Bezos used the $54million raised during the company's 1997 equity offering to finance aggressive acquisition of smaller competitors. WebHow did Jeff Bezos get rich? [51] He favored diverting Amazon profits back into the company in lieu of allocating it amongst shareholders in the form of dividends. Meanwhile, Rodgers insists he won't "drag'' out the decision about when and where and why and if he'll play in 2023. Amazon went public in [192][193] His wealth rose by 85.2% in 2010, leaving him with $12.6billion. [201] His net worth surpassed $100billion for the first time on November 24, 2017, after Amazon's share price increased by more than 2.5%. [75] Weeks later, Bezos recouped his losses when academic reports out of Stanford University indicated that Trump could do little to regulate Amazon in any meaningful way. Shares of the company were only $7 on average that year. [223][224] According to Forbes, had the Washington state common law applied to their divorce without a prenuptial agreement, Bezos's wealth could have been equitably divided with his ex-wife;[225][226] however, she eventually received 25% of Bezos's Amazon shares, valued at approximately $36billion, making her the third-richest woman in the world. [123] Bezos used Bezos Expeditions to fund several philanthropic projects, including an Innovation center at the Seattle Museum of History and Industry and the Bezos Center for Neural Circuit Dynamics at Princeton Neuroscience Institute. "[153], During the late 2010s, Bezos reversed his reputation for being reluctant to spend money on non-business-related expenses. [271][272] On July 6, 2021, the Pentagon cancelled the JEDI contract with Microsoft, citing that "due to evolving requirements, increased cloud conversancy, and industry advances, the JEDI Cloud contract no longer meets its needs. [117][118] He also invested in Unity Biotechnology, a life-extension research firm hoping to slow or stop the process of aging. [1/2] Sep 15, 2022; Kansas City, Missouri, USA; Amazon executive chairman Jeff Bezos in attendance before the Kansas City Chiefs play against the Los Angeles This increase outstripped the economic development (in GDP terms) of more than 96 countries around the world. What would you do if your favorite TV show was CANCELED?! He holds a degree in electrical engineering and computer science. [308], On November 22, 2022, Jeff Bezos awarded $123 million to organizations that are engaged in relocating homeless families to permanent housing. Jeffrey Preston Bezos (/bezos/ BAY-zohss;[2] n Jorgensen; born January 12, 1964) is an American entrepreneur, media proprietor, investor, and commercial astronaut. [211] Bezos's net worth increased by $33.6billion from January 2017 to January 2018. The league and its [119] Bezos is involved in the healthcare sector, which includes investments in Unity Biotechnology, GRAIL, Juno Therapeutics, and Zocdoc. According to BBC, Bezos's top security staffer, Gavin de Becker,[279] "linked the hack to the Washington Post's coverage of the murder of Saudi writer Jamal Khashoggi at the Saudi consulate in Istanbul". Overtime is a media company that distributes original sports content on social media outlets, including Snapchat, YouTube and Facebook. [20] Jeff attended a Montessori school in Albuquerque, New Mexico, when he was two years old. Scream? Bezos rose to be the 5th richest person in the world hours before market close; he gained $7billion in one hour. Bezos founded Amazon in late 1994 on a road trip from New York City to Seattle. Amazon CEO Jeff Bezos was a smart and enterprising kid, as Brad Stone writes in his 2013 book "The Everything Store." [189] The following year, his net worth increased by 66.66% to $2.5billion. What benefit would Bezos bring the league? [19] After completing high school despite challenging conditions, Jacklyn attended night school while bringing Jeff along as a baby. He was born in Albuquerque, New Mexico as Jeffrey Preston Jorgensen, the son of Jacklyn & Theodore Ted Jorgensen. "The breadth and diversity of this investment group, including leaders from business, entertainment, technology and sports, speaks to Overtime's remarkable growth and our future trajectory," co-founder and CEO Dan Porter said in a statement. [245], In 1992, Bezos was working for D. E. Shaw in Manhattan when he met novelist MacKenzie Tuttle, who was a research associate at the firm; the couple married a year later. Billionaire Amazon founder Jeff Bezos recently said he plans to give away the majority of his fortune. )", "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? [151][bettersourceneeded] In May 2014, the International Trade Union Confederation named Bezos the "World's Worst Boss", with its general secretary Sharan Burrow saying: "Jeff Bezos represents the inhumanity of employers who are promoting the North American corporate model",[152] while in 2019, Harvard Business Review, which ranked Bezos the best-performing CEO for 4 years in a row since 2014, did not rank him even in the top 100, citing Amazon's "relatively low ESG (environment, social, and governance) scores" that reflect "risks created by working conditions and employment policies, data security, and antitrust issues. 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. [32][33] While Jeff was in high school, he worked at McDonald's as a short-order line cook during the breakfast shift. [218], In 2019, Bezos's wealth was reduced by the divorce from his wife MacKenzie Bezos. [163], He meets with Amazon investors for a total of only six hours a year. [64] On August 4, 2016, Bezos sold another million of his shares for $756.7million. [79] This followed revelations by the non-profit group New Food Economy which found that one third of Amazon workers in Arizona, and one tenth of Amazon workers in Pennsylvania and Ohio, relied on food stamps. As CBS Sports reported back in 2019, Bezos spent some time getting close with several owners back then and he had "strong support within the league" to become an owner at that point. The Amazon CEO Keeps His Beliefs to Himself", "What we know, and don't know, about Jeff Bezos' religious beliefs", "Amazon Chief Survives Helicopter Crash in Texas", "Amazon founder Jeff Bezos reveals Star Trek Beyond alien cameo", "Jeff Bezos, long known for guarding his privacy, faces his most public and personal crisis", "Amazon CEO Jeff Bezos and wife MacKenzie to divorce after 25 years of marriage", "Jeff and MacKenzie Bezos are getting divorced after 25 years of marriage", "Jeff Bezos to keep 75 percent of couple's Amazon stock after finalizing divorce", "Amazon's Jeff Bezos, wife, make $2.5million donation for gay marriage", "Amazon.com Contributions to Federal Candidates, 2012 cycles", "How to Understand Donald Trump's #AmazonWashingtonPost Tweet in 3 Easy Steps", "Slammed by Trump, Amazon's Jeff Bezos Chooses Silence", "Why Jeff Bezos Is Dumping Cash into Trump's Swamp", "Donald Trump called out Jeff Bezos on Twitter. 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 Bezos affinity for the Seahawks goes back to 2019 when he attempted to woo the owners into selling the franchise to him. [270] In November 2019, when the contract was awarded to Microsoft instead, Amazon filed a lawsuit with allegations that the bidding process was biased. Changing His Eating Habits Turned Out To Be The Biggest Change. WebBezos made a cameo appearance playing an alien in the film Star Trek Beyond. Jeff Bezos was born in Albuquerque, New Mexico, on January 12, 1964. He was raised largely in Houston, Texas, and moved to Miami, Florida, as a teenager.