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[97] In February 2024, Bezos sold 24 million shares in Amazon at a total value of $4 billion. Bezos announced that he intended to sell 50 million shares in Amazon over the next year. [98] During an interview at the DealBook Summit in December 2024, Bezos said that he was dedicating 95% of his time to artificial intelligence initiatives at Amazon.
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 ...
Amazon was founded on July 5, 1994, by Jeff Bezos after he relocated from New York City to Bellevue, Washington, near Seattle, to operate an online bookstore. Bezos chose the Seattle area for its abundance of technical talent from Microsoft and the University of Washington , as well as its smaller population for sales tax purposes and the ...
Amazon CEO and founder Jeff Bezos is now the second-richest person in the world with a net worth of $181.7 billion as of Jan. 12, according to Forbes. As Bezos gets ready to celebrate his 57th ...
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 ...
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 Everything Store: Jeff Bezos and the Age of Amazon is a 2013 bestselling book written by journalist Brad Stone.It documents the rise of Amazon.com in the 1990s, its near demise during the dot-com bust, and its subsequent revival with the inventions of Amazon Prime, the Kindle and Amazon Web Services.
Jeff Bezos, founder and CEO of Amazon, is one of the most powerful figures in tech, with a net worth of roughly $82 billion. The fabulous life of Amazon CEO Jeff Bezos, the second-richest person ...