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Bezos finally decided that his new business would sell books online, because of the large worldwide demand for literature, the low unit price for books, and the huge number of titles available in print. [12] Amazon was founded in the garage of Bezos' rented home in Bellevue. [9] [13] [14] Bezos' parents invested almost $246,000 in the start-up ...
Jeff Bezos is leaving Seattle, where the billionaire founded Amazon out of a garage nearly three decades ago. In a Thursday night Instagram post, the 59-year-old Bezos announced plans to return to ...
In 1994, Jeff Bezos founded Amazon in his garage in Seattle. On Jan. 12, he celebrated his 57th birthday as one of the richest people in the world with a personal fortune estimated at more than ...
The company, originally named Cadabra, was founded in the converted garage of Bezos's house for symbolic reasons and was renamed to Amazon in November 1994. [24] The Amazon website launched for public sales on July 16, 1995, and initially sourced its books directly from wholesalers and publishers. [23] [25] Amazon went public in May 1997. It ...
Jeffrey Preston Bezos (/ ˈ b eɪ z oʊ s / BAY-zohss; [2] né Jorgensen; born January 12, 1964) is an American businessman best known as the founder, executive chairman, and former president and CEO of Amazon, the world's largest e-commerce and cloud computing company.
In 1994, Jeff Bezos co-founded the future e-commerce behemoth Amazon in a Seattle garage. In an interview with Time magazine, the Amazon CEO revealed he gave himself a 30 percent chance that ...
Two years after Amazon first went public, Bezos was already a billionaire, sharing his take on what built his booming e-commerce business. Praising his employees for being “the hardest working ...
Bezos also convinced his parents to invest in his startup back in 1995. Mike and Jackie Bezos invested $245,573 in Amazon in exchange for a 6% stake back in 1995 – estimated to be worth $120 ...