How amazing it would be if you make money even when you are sleeping, taking bath, or doing whatever you want while your cash counting machine keeps ticking on your never-ending wealth? It may seem something out of fantasy novel but let me tell you one thing. It’s actually an everyday reality for the wealthiest person in the world, Jeff Bezos. The founder, and CEO of one of the world’sfew trillion-dollar companies - Amazon. Jeff Bezos is officially going to become thefirst TRILLIONAIRE found on the face of planet earth. …. OR… is it just a hoax? …Let’s discover the true potential ofJeff Bezos actually becoming the world’s first trillionaire.
It’s no more a dream that Jeff Bezos is living. According to Bloomberg sources, Jeff is the richest man in modern-day history with net worth swelled to whooping $150 billion. Far richer than anyone else on the planet! Isn’t it astonishing to learn that Bezosis roughly 36% wealthier than the entire British monarchy? It’s even more shocking to know that he makes $149,353 per MINUTE — more than twice what the median US worker makes in a week. Recently his company Amazon became the second company in history to reach a market cap of $1 trillion. Right after Apple. A one true filthy rich! Right? He was among the five richest people who haven't lost money in 2020. But that’s not the only thing that is interesting. Following his divorce, Bezos retained his ranking as the world's richest person, even after his wife MacKenzie claimed a 4% stake in Amazon worth - roughly $35.7 billion, making her the third-richest woman in the world. Ain’t that funny? She just married the right guy at the right time and now she’s enjoying the billion dollar lifestyle anyone can dream of. If you can imagine being her, let us know in comment’s what would you do with all the money.
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Bezos is so ridiculously rich that an average American spending $1 is similar to Bezos spending $1.2 million. But (a million-dollar) question is how did Jeff successfully build net worth, that is greater than the GDP of Iceland, Afghanistan,and Costa Rica -- combined.?? The answer lies in the history of Amazon's birth and growth. So how long did it actually take Jeff Bezos to come up with such a brilliant business idea? As a child, Bezos loved experimenting and most of his business skills were polished by his maternal grandfather. Surprisingly, Jeff wrote down the business plan for Amazon.com during his trip from the state of New York to the state of Seattle. …During the drive from NY to Seattle, Jeffcarved down all the business details that were the stepping stone to his current success. So from NY to Seattle, that’s all it takes to beat Jeff Bezos position if you’d be interested in doing so with even greater business idea.
At the age of 29, Bezos left his job at a hedge fund and begun with an online book store which he named “Relentless” but then decided to named it “Amazon.” The apparent known reason to choose the word“Amazon” was inspiration form Amazon River, the biggest river on the planet that had many branches. Rumor has it, Bezos only decided on the name“Amazon” partly because he needed a name that started with the letter “A” as Yahoo(the most popular search engine then) listed names alphabetically. Whatever may be the reason but it did end up him being the crazy richest person known to humanity! By the way Relentless.com even today redirects to Amazon.com When Amazon was listed on the public Stock exchange, Bezos gradually raised 54 million US dollars from its IPO in 1997, becominga millionaire.
Amazon.com is currently the world's top and largest online retail store, and via its digital Web Services arm, it has joined the ranks of the largest contributor of cloud infrastructure services. With E-commerce business growing steadily,since last year, Bezos has added whopping $51.5 billion to his individual net worth. Amazon's success depends on the fact that it is two very different but seamlessly integrated shopping places at once: A store, like Walmart,(with Vendors providing product to Amazon) and a marketplace, like eBay, (with Sellersselling direct to consumer).
Enough with technical jargon! Let us explain that for you in simple words- Jeff was successful by using Amazon as a platform to create a consistent and reliable shopping experience which is second-to-none means making sure the product is delivered quickly as often as possible. Jeff Bezos loves to write an annual letter to shareholders, in which he is happy to provide overviews of Amazon’s recent performances and milestone achievements that help shareholders understand what makes Amazon bring a different perspective to its customers. Sticking to Amazon’s root business philosophy,Bezos always does attach a copy of the first annual shareholder letter he wrote in 1997 to reinforce his commitment that Amazon will always operate with a mindset that it is Day1. Accounting for nearly 44% of total e-commerce sales in the United States, how exactly did Amazon pull off such impressive results? It is no secret that the majority of companies struggle to compete against Amazon and as Jeff Bezos Quoted in one of his memos “Amazon succeeds because it attracts and hires the most capable individuals from all over theworld."
Coming back to the topic of this article- will Jeff Bezos be even richer in a few years to be named as the world's first trillionaire? There is a high probability that he can become a trillionaire within a decade. The world’s richest man could be rich beyond our wildest imagination and guess what, His business topped the sales during the COVID-19 pandemic spread, which kept people at home and dependent on-at-home delivery services. Further cementing his position, MarketWatch analysts believe that Bezos would have to wait a further four years — until 2030 whenhe's 66 years old — to ascend more closer to the trillionaire’s throne. Jeff is not a rude rich guy, he maintains his public profile well, with regular giveaways and public donations. Recently he pledged to spend $4 billion ormore to develop COVID-19 testing capabilities and another $10 billion to fight climate change
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Ever wonder what exactly What Does Jeff Bezos Do with His Money? Being the CEO of a company that never stops selling, he takes occasional timeouts by vacationing. Bezos is known to travel with an entourage. He has often brought his parents, siblings,and in-laws along for adventures. There are some weird projects he is working on as well as he invested $42 million in a 10,000-year clock, which will tick just oncea year. WELL, we don’t know who will be alive tocount 10,000 years. Amazon isn't Bezos's only innovative company. His space company “Blue Origin” has been testing space rockets that come with a huge cost. Jeff also owns an organization called Bezos Expeditions. Well, this happens when you have a lot of money and a healthy sense of curiosity right? When it comes to real estate, every king needs his castle, and Bezos has more than one. Jeff has also planned to spend the bulk ofhis fortune on space travels and explorations. In a recent interview, he quoted "the only way that I can see to deploy this much financial resource is by converting my Amazon winnings into space travel. That is basically it”In addition to funding spaceflight , investing in tech companies, and happening vacation,he will certainly find yourself doing a mix of things and still inspire generationsnot only with his wealth but with his great talent and amazing problem-solving skills that are about to yield him a trillion-dollar note.Let us know in the comments If you believe that Jeff Bezos is going to hit the trillionaire mark within a decade or not. Let us also know what would you do if you were in the boots of Jeff Bezos? I hope you liked this article. If yes, please share it among your friends and thank you for reading.God bless you.
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