Success Story of Amazon CEO
Jeff Bezos Early Life
Jeffrey Preston “Jeff Bezos” was born on the 12th of January 1964 in Albuquerque, New Mexico. His biological father is Ted Jorgenson, was one of the top unicyclists and part of a local troupe the Unicycle Wranglers who put on a performance at county fairs and circuses while Jeff was still a baby.
Jeff’s mother, Jacklyn Bezos, was still in her teens when she married Ted, and their marriage lasted for little more than one year only.
Jeff Bezos Education
Jeff Bezos attended River Oaks Elementary School in Houston from the fourth to sixth grade. He would spend summers at the ranch working on varied tasks such as fixing windmills, laying pipe, vaccinating cattle, and other farm work.
His grandfather, Lawrence Gise, was a huge role model in his life, with this wide-ranging knowledge of science and constant presence on the ranch as well. In the year 2010 commencement speech, Jeff told graduates that his grandfather taught him how “it is harder to be kind than clever.”
Bezos started his first business at school. It was called The Dream Institute, and it was an educational summer camp for fourth, fifth, and sixth graders. There were some books that Bezos required his participants to read.
Jeff Bezos Early Career
After graduating, Bezos went to Wall Street, where computer science was increasingly in demand and worked in several firms. The Job at FItel had him flying every week between New York and London.
Bezos stayed in the finance realm with the Bankers Trust, where he rose to vice president and the investment firm D.E. Shaw. The company specialized in the application of computer sciences to the stock market, and Bezos was hired for his overall talent in the field At D.E Shaw.
Bezos quit D.E Shaw in 1994 and moved to Seattle to click into the potentials of the internet market by opening an online bookstore. He made the decision by drawing up a list of possible products that he could sell with the help of the internet, including software, CDs, and hardware.
In the end, books were the choice because of the wide range of titles in existence. Another advantage of an internet store was a then-recent US Supreme Court ruling that mail-order catalogs did not have to pay taxes in states where they did not have a physical presence.
In other words, Bezos paid zero tax for the product he sold via the internet.Bezos decided that Seattle would be a perfect place for his new business at the time because of the tremendous pool of hi-tech talent.
Bezos managed to secure $1 million from his friends and family, enough to set up his business in the garage of his Seattle home.
Bezos initially incorporated the company as “Cadabra” on the 5th of July 1994. Moreover, a year later, he considered changing it when his lawyer misheard the word as “Cadaver,” but that as not the worst one.
Another alternative was “MakeltSo.com,” a catchphrase from Captain Picard in Jeff beloved Star Trek.it could have also been “aard.com,” which would help push the company to the front of the website listings.
Jeff also registered the domain names Awake.com, Browse.com, Bookmall.com, and Relentless.com. Eventually, Bezos decided on Amazon after looking through the words that start with A in the dictionary.
Bezos liked the resonance between one of the planet’s longest rivers and largest bookstore.