Amazon’s founder and CEO is reportedly the wealthiest person in the world. Jeff Bezos’s net worth is close to $141.9 billion according to Forbes’s list. Bezos shares how Amazon helped him become the richest person in the world.
Forbes World’s Billionaires List has put Bezos on top of the list. His net worth has grown over $5 billion since June 1st, making him roughly $49 billion more than Bill Gates and about $60 billion more than Warren Buffet. The latest win is one of the many successes that Bezos has enjoyed this year.
Amazon’s valuation has helped Bezos become the richest person in the world. Earlier this year, the e-commerce giant became the second most valuable company. His success can be traced back to a risk that he took when he was 30 years old.
According to Brad Stone’s biography ‘The Everything Store: Jeff Bezos and the Age of Amazon', Bezos got accepted in Princeton via early admission. He graduated with computer science and electrical engineering degree. In the 1990s, while working as a vice president at the hedge fund, D. E. Shaw, he came up with an idea to sell books on the internet.
Bezos sacrificed his stable and lucrative job to pursue this idea. In 2010 address at his alma mater, Bezos said, “I came across the fact that Web usage was growing at 2,300 percent per year. I'd never seen or heard of anything that grew that fast, and the idea of building an online bookstore with millions of titles — something that simply couldn't exist in the physical world — was very exciting to me.”
Amazon founder recalls that when he told his boss about his internet bookstore idea, his boss said, “I think this is a good idea, but I think this would be an even better idea for somebody that didn't already have a good job.” After a lot of confusion, Bezos quit his job to start Amazon in 1994.
At 2017 Summit LA conference, Bezos said, “In most cases, our biggest regrets turn out to be acts of omission. It's paths not taken and they haunt us. We wonder what would have happened. I knew that, when I'm 80, I would never regret trying this thing that I was super excited about and it failing. If it failed, fine. I would be very proud of the fact when I'm 80 that I tried. I also knew that it would always haunt me if I didn't try."