![]() In August 2020, according to Forbes, he had a net worth exceeding $200 billion. The first centibillionaire on the Forbes wealth index, Bezos was named the "richest man in modern history" after his net worth increased to $150 billion in July 2018. In September 2021, Bezos co-founded biotechnology company Altos Labs with founder Yuri Milner. He also purchased the major American newspaper The Washington Post in 2013 for $250 million and manages many other investments through his venture capital firm, Bezos Expeditions. Blue Origin's New Shepard vehicle reached space in 2015 and afterwards successfully landed back on Earth. It is currently 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.īezos founded the aerospace manufacturer and sub-orbital spaceflight services company Blue Origin in 2000. The company began as an online bookstore and has since expanded to a variety of other e-commerce products and services, including video and audio streaming, cloud computing, and artificial intelligence. Bezos founded Amazon in late 1994 on a road trip from New York City to Seattle. He worked on Wall Street in a variety of related fields from 1986 to early 1994. He holds a degree in electrical engineering and computer science. īorn in Albuquerque and raised in Houston and Miami, Bezos graduated from Princeton University in 1986. With a net worth of around US$139 billion as of October 2022, 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. He is the founder, executive chairman, and former president and CEO of Amazon. Var gform gform||(document.Jeffrey Preston Bezos ( / ˈ b eɪ z oʊ s/ BAY-zohss né Jorgensen born January 12, 1964) is an American entrepreneur, media proprietor, investor, computer engineer, and commercial astronaut. With a Power Retail Switched On membership, you get access to current e-commerce revenue and forecasting, traffic levels, average conversion rate, payment preferences and more! Amazon long forgotten fields professional#Funding opportunities will also see recipients at company levels offered mentorship from Amazon executives, and assistance from Amazon resources for these businesses to identify opportunities for partnership, collaboration and professional growth. The initiative will see Amazon contribute to as many as ten funds overall, with these investments to see division to more than 200 companies within the next year according to Amazon’s estimations. “We hope that our investment will be catalytic-sparking a force-multiplying effect by inspiring others to invest in these companies, fostering inclusion and innovation, positively impacting communities, and creating generational wealth and financial return.” We want to ensure that these companies and their founders have the same access to capital as anyone else,” said Peter Krawiec, Amazon’s Senior VIce President of Worldwide Corporate Development. “We’ve seen incredibly innovative ideas from underrepresented entrepreneurs-from companies offering inclusive health services for women, to startups helping companies mitigate climate impact for underserved communities-and we’re convinced that an inclusive investment strategy leads to better returns and innovation. Such a trend, it is suggested, is precisely that which Amazon hopes to address with its latest initiative. I t comes as, despite minor progress in funding being offered to startups and entrepreneurs from underrepresented communities in 2021, funding to startups from such backgrounds has stalled disproportionately even when compared to the overall declines in venture capital funding. Amazon Catalytic Capital, the new initiative announced by Amazon, is named for the cataclysmic influence it suggests it hopes to play in driving increased funding to entrepreneurs from various underrepresented backgrounds. ![]()
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