Jeffrey Preston Bezos (/ˈbeɪzoʊs/ 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.
According to Forbes, as of 17 February 2025, Bezos' estimated net worth stood at US$241.9 billion, making him the third richest individual in the world[3], behind Elon Musk and Mark Zuckerberg.
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.
[6] The first centibillionaire on the Forbes Real Time Billionaires Index and the second ever to have achieved the feat since Bill Gates in 1999, Bezos was named the "richest man in modern history" after his net worth increased to $150 billion in July 2018.
[34] In 2018, during a talk at The Economic Club of Washington, D.C., Bezos revealed that, some thirty years ago, his Princeton classmate Yasantha Rajakarunanayake had defeated him in solving a mathematical problem, causing him to give up on his dreams of becoming a theoretical physicist.
[48] He and his then-wife, MacKenzie Scott, left their jobs at D. E. Shaw and founded Amazon in a rented garage in Bellevue, Washington on July 5, 1994, after writing its business plan on a cross-country drive from New York City to Seattle.
[49][50] With Bezos at the helm and Scott taking an integral role in its operation—writing checks, keeping track of the books, and negotiating the company's first freight contracts—the foundation was laid for this garage-run operation to grow exponentially.
[51] Prior to settling in Seattle, Bezos had investigated setting up his company at an Indian reservation near San Francisco in order to avoid paying taxes.
[58] In response to critical reports from Fortune and Barron's, Bezos maintained that the growth of the Internet would overtake competition from larger book retailers such as Borders and Barnes & Noble.
[63] According to a 2008 Time profile, Bezos wished to create a device that allowed a "flow state" in reading similar to the experience of video games.
[74] In March 2018, Bezos dispatched Amit Agarwal, Amazon's global senior vice president, to India with $5.5 billion to localize operations throughout the company's supply chain routes.
[76] Later in the month, U.S. President Donald Trump accused Amazon and Bezos, specifically, of sales tax avoidance, misusing postal routes, and anti-competitive business practices.
"[85] Sanders's efforts elicited a response from Amazon which pointed to the 130,000 jobs it created in 2017 and called the $28,446 figure for its median salary "misleading" as it included part-time workers.
[32] His 1982 high school valedictorian senior graduation speech was followed up with a Miami Herald interview in which he expressed an interest to build and develop hotels, amusement parks, and colonies for human beings who were in orbit.
[101] After its founding, Blue Origin maintained a low profile until 2006 when it purchased a large tract of land in West Texas for a launch and test facility.
[112] Since 2016, Bezos has spoken more freely about his hopes to colonize the solar system, and has been selling $1 billion in Amazon stock each year to capitalize Blue Origin in an effort to support this endeavor.
[122] In March 2014, Bezos made his first significant change at The Washington Post and lifted the online paywall for subscribers of a number of U.S. local newspapers in Texas, Hawaii, and Minnesota.
[142][143] Journalist Mark O'Connell criticized Bezos's relentless customer focus as "very small" in terms of impact on humanity as a whole,[144] a sentiment technologist Tim O'Reilly agreed with.
[174] Since 1998, Bezos has published an annual letter for Amazon shareholders wherein he frequently refers to five principles: focus on customers, not competitors; take risks for market leadership; facilitate staff morale; build a company culture; and empower people.
[178] Bezos has cited Jeff Immelt of New Enterprise Associates,[179] Warren Buffett of Berkshire Hathaway, Jamie Dimon of JPMorgan Chase, and Bob Iger of The Walt Disney Company as major influences on his leadership style.
[227] According to Quartz, his net worth of $150 billion in July 2018 was enough to purchase the entire stock markets of Nigeria, Hungary, Egypt, Luxembourg, and Iran.
[229] On July 17, 2018, he was designated the "wealthiest person in modern history"[c] by the Bloomberg Billionaires Index,[232] Fortune,[233] MarketWatch,[234] The Wall Street Journal,[235] and Forbes.
[243] In February 2020, Bezos purchased the Warner Estate from David Geffen for $165 million,[244][245] a record price paid for a residence in the Los Angeles area.
[246] He further expanded his residential holdings in February 2022, purchasing a $16.13-million-dollar apartment at a 24-story boutique condominium, located across from Madison Square Park in the Flatiron neighbourhood, where he already owns all the units on the top floors.
The move was criticized by former editor Marty Baron, who considered it to be an act of "disturbing spinelessness at an institution famed for courage" and said that it would invite intimidation of Bezos by Donald Trump.
[276][277] Media reports have accused Sánchez's brother Michael of being the source for the photos obtained by National Enquirer; however, Bezos has speculated that it may have been the Saudi Arabian government.
He has also supported Democrats U.S. representative John Conyers, as well as Patrick Leahy and Republican Spencer Abraham, U.S. senators serving on committees dealing with Internet-related issues.
[292] Controversy over this was raised when General James Mattis accepted a headquarters tour invitation from Bezos and co-ordinated the deal through Sally Donnelly, a lobbyist who previously worked for Amazon.
[297] In 2019, a political action committee linked to Bezos spent over $1 million in an unsuccessful attempt to defeat the reelection bid of Seattle city council member and activist Kshama Sawant.
[314] Bezos announced in September 2018 that he would commit approximately $2 billion to a fund to deal with American homelessness and establish a network of non-profit preschools for low income communities.