If you are reading this article, chances are that you have bought at least something from Amazon.com or one of its country-specific sites.
Amazon.com is the world’s largest online retailer. As of 2011, Amazon.com was posting revenues of nearly $50 billion per year.
Amazon.com, which was started by Bezos back in 1994 (the company was originally called Cadabra when it was first incorporated), is used frequently by tens of millions of people around the world. Amazon.com is a truly disruptive company that has changed the retail world forever. The Kindle and Amazon Prime are just some of the innovations that keep people flocking to the $100 billion+ mega company.
Amazon.com directly employs roughly 70,000 people across the world and countless others indirectly (delivery drivers, etc).
All of this was spawned by the mind of Jeff Bezos, who had a unique vision for Amazon.com nearly 20 years ago and was able to follow through.
Jeff Bezos was born in Albuquerque, New Mexico on January 12th, 1964. Bezos attended Princeton University where he graduated with a Bachelor of Science in electrical engineering and computer science.
Bezos was very comfortable before he started Amazon.com. He was working at a New York hedge fund, and was going to have a very nice life if he decided to continue on that path. Instead, Bezos had an entrepreneurial streak running through him. Amazon.com was officially launched in 1995, and the rest is history.
Amazon.com went public at $18 per share on May 15th, 1997, which was more or less the start of the “dot-com boom”. Amazon would send its shareholders on a roller-coaster ride over the next 15 years or so, trading to a split-adjusted $100 during the dot-com boom, crashing down to $6-$7 per share when the dot-com bubble popped, recovering to nearly $100, dropping to $42/share during the financial crisis and then increasing substantially in value over the following 4-5 years.
Amazon.com posted its first profit in Q4 2001. During the dot-com boom, Amazon.com was sometimes derided for its “slow and steady” approach to turning into a profitable company. Their approach obviously ended up paying off, as Amazon.com is one of the world’s most valuable companies.
Jeff Bezos is sometimes compared to Steve Jobs. Both men are considered to be micro-managing visionaries who have changed the world forever.
Bezos currently owns nearly 88 million shares of Amazon.com, which makes him a multi-billionaire and one of the richest men in the world.
Say what you will about Bezos, but he had a vision for Amazon.com and followed through on it, becoming a multi-billionaire. Amazon.com is one of the most disruptive and influential companies in the world today.