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  • Amazon Tightens Phone Policy: Employees Face Reduced Reimbursements for Personal Use

    According to a recent Business Insider investigation into the tech giant’s cost-cutting tactics, Amazon employees are now required to declare what proportion of their use of company-issued phones is connected to business, with their $50 monthly reimbursements being lowered proportionately depending on personal use.

    As firms trim their budgets after spending sprees during the pandemic, one of the most blatant manifestations of corporate penny-pinching is phone monitoring. According to the report, Amazon Web Services staff members must separate their personal and professional mobile usage, and the company will cut back on reimbursements for non-work-related use dollar for dollar.

    Jassy’s Broader Cost-Cutting Strategy

    Following his takeover from founder Jeff Bezos, CEO Andy Jassy has implemented a “hardcore culture reset” that includes the phone tracking. According to Business Insider’s report, Amazon has also adopted additional micromanagement strategies, such as asking store staff to itemise meal expenses and requesting permission for work trips by detailing expected goals and returns.

    Amazon is keeping a close eye on costs in all aspects of its business. During staff meetings, CEOs frequently stress the importance of being economical. Jassy asks staff members to consider, “What would I do if this was my money?” before making decisions.

    Changing Dynamics of America’s Corporate Sector

    This kind of detailed oversight is part of a larger trend in corporate America, where businesses are closely examining employee spending that was formerly managed by general policies. Although few have put usage-based payment schemes in place, Meta, Google, and Microsoft have all raised performance standards in a similar manner.

    According to Business Insider’s interview with Amazon employees, cost-cutting initiatives have “veered into micromanagement”, raising concerns about job security. Employees who consider company-provided devices as a routine perk of employment rather than a privilege that can be quantified are especially irritated by the phone monitoring.

    A representative for Amazon defended the regulations, stating that they are part of the business’s return to its “performance-driven and fast-paced” roots and that being economical has always been a fundamental company value.

    Amazon Closes Wondery Podcast Studio

    As part of a significant restructuring of its audio division, Amazon has shut down its Wondery podcast studio and laying off some 110 employees, according to Bloomberg News. In light of industry-wide difficulties, the move represents the tech giant’s strategic shift away from its initial podcasting goals.

    As current episodes are redistributed between Amazon’s Audible platform and a new “creator services” team devoted to personality-driven content, such as the well-liked Jason and Travis Kelce podcast, Wondery CEO Jen Sargent will also leave the firm. In an internal document seen by Bloomberg, Steve Boom, vice president of audio, Twitch, and games at Amazon, stated that the podcast industry has changed dramatically in recent years.

    The definition of what it means to be a podcast developer has also become more hazy due to the popularity of video. During the podcast boom in 2020, Wondery was acquired by Amazon for about $300 million, enabling it to function independently at first with its own membership app. But when the medium changed, the business found it difficult to successfully compete with sites like YouTube and Spotify.


    Quick
    Shots

    •$50
    monthly reimbursement will be cut proportionately for personal use of phones.

    •Part
    of CEO Andy Jassy’s broader “culture reset” and penny-pinching measures.

    •Staff
    asked to itemize meal expenses and justify work trips with goals/returns.

    •Mirrors
    tighter employee spending oversight at Google, Meta, and Microsoft.

     

  • The US Pressuring India to Grant Amazon and Walmart Complete Market Access

    According to a media outlet, the administration of US President Donald Trump plans to pressure India to grant online retailers like Amazon and Walmart complete access to its $125 billion e-commerce sector.

    The US intends to pressure Prime Minister Narendra Modi’s administration for e-commerce fairness in extensive negotiations on a US-India trade deal that will include industries like food and automobiles. The Trump administration did not specify the measures it anticipates the Indian government to take.

    How Amazon and Walmart Currently Operate in India?

    Amazon and Walmart are able to operate in India through local units, but they are prohibited from directly selling to consumers and holding inventory. In contrast, Reliance, a domestic firm, is able to establish physical stores and leverage its extensive retail network to reach customers throughout the country. In an attempt to evade US tariffs, New Delhi is currently discussing a trade agreement with the US.

    Officials in New Delhi want to finalise a trade agreement with the US under the 90-day halt on tariff hikes that Trump imposed on April 9 for major trading partners. Furthermore, US Vice President JD Vance also met with Indian Prime Minister Narendra Modi on 21 April for further discussions.

    McMillon and Bezos Eyeing Big of Trump’s Administration

    Doug McMillon of Walmart spoke at Mar-a-Lago on India’s limitations on international e-commerce businesses. The US plan to increase retail access in India puts Bezos and McMillon in competition with Mukesh Ambani, the richest person in Asia. Ambani’s Reliance Group controls Indian retail and runs a number of e-commerce sites.

    The US has been attempting to open up India’s home market since 2006 but has been effectively thwarted each time, according to Arvind Singhal, chair of the retail consultancy firm Technopak Advisors. Beyond stocking limits, US merchants have confronted recurrent Bureau of Indian Standards product inspections, according to industry officials.

    During negotiations, the Trump administration closely coordinated with US e-commerce platforms, according to two industry executives who spoke to a media outlet. In the meantime, Trump has already called India the “tariff king” because of its protective measures. As India’s biggest trading partner, both India and the US want to double their present amount of bilateral commerce in products and services to $500 billion.

    The Confederation of All India Traders’ secretary-general, Praveen Khandelwal, said that the effort to persuade India to allow American giants like Amazon and Walmart to expand its e-commerce industry is part of a larger trend of economic diplomacy meant to ensure market dominance for its companies.

    He continued by saying that although foreign investment is good, it shouldn’t come at the expense of weakening the interests of India’s small traders or disrupting the country’s retail ecology.

  • Why Amazon Is Closing Down Its Private Label Brands?

    The American multinational technology company, Amazon, which engages in e-commerce, cloud computing, artificial intelligence, and digital streaming, has recently announced that it is reducing some of its items. The brand is cutting down the products that sell under its brand like Amazon Basics.

    This leader in the e-commerce market mentions to the Wall Street Journal, “We never seriously considered closing our private label business and we continue to invest in this area, just as our many retail competitors have done for decades and continue to do today”.

    To find more, this article highlights the reason why Amazon took such a decision to reduce selling its own private-label business.

    The Absence of Increased Margins
    Unfair Treatment of Third-Party Merchants

    The Absence of Increased Margins

    The giant e-commerce brand, Amazon started having its own brands like Pinzon, Amazon Basics, Mama Bear, Wag, Amazon elements, and more in 2009. Amazon decided to have in-house brands to boost increase margins and reduce competition, however, some of its brands are not doing well in the market for which they are reducing the items. One of its private label brand Amazon Basics is going to have less number of items to be sold.

    This change in the system that Amazon is going to adopt is due to ‘weak sales’. However, they are not going to completely shut their private-label business, they will just reduce the number of items. As per some reports, Amazon has asked its team for the past six months to chop off some of its items and not to further go for reordering.

    There are statements that Amazon finally came to this decision after Dave Clark, an ex-amazon executive made a review of how business is done by Amazon. Amazon claimed that Dave Clark made decisions that led to over-staffing at Amazon fulfillment centers and refrained from union progress.

    Unfair Treatment of Third-Party Merchants

    In 2020, the European Commission charged Amazon for using its power and data to push up its products for its benefit over other rival merchants. This was disclosed during a press conference on an anti-trust case with Amazon at the European Commission (2020) held in Brussels.

    In addition to accusations, the European Commission has also opened up an investigation to look into the matter that if Amazon gives exceptional treatment to its products and to vendors who use its delivery benefits.

    The controversy does not end here, as the Commission has also put up statements that Amazon has no right to use third-party’s activity and data to its benefit since they are its competitors.

    The dualism act by Amazon has also drawn scrutiny issues in the USA. They had been asked to defend themselves from these allegations in writing, with which they had disagreed.

    In their defense, Amazon claimed that the company has always been helpful to other merchants. The brand made several statements in its defense that they only represent 1% of the world’s retail market. Furthermore, they have also claimed the brand has supported small businesses for the past 20 years in comparison to any other retailer.

    In efforts to ease the regulatory pressure, Amazon is now reducing the sale of its products. Amazon is doing all of this to resolve its two anti-trust cases issued by the European Commission.

    The other case which was opened by the EU is to investigate whether the giant retailer favors those merchants that use its logistics and delivery system over other sellers.

    Although as per reports, Amazon has contradicted these allegations, however, to settle down it has come to a concrete conclusion to make things transparent with the European Commission and keeping in view of their trust issues it is aiming to serve the European consumers and the 185,000 plus European small and medium-sized enterprises who are selling through their platform.

    These investigations compelled Amazon a fine of up to 10% of its annual revenue worldwide.

    Amazon has also made statements concerning its defence claims, that they are finding the new EU digital regulations, the Digital Markets Act completely one-sided. They have made remarks like, “unfairly targeting Amazon and a few other American companies.”

    To come out of these accusations, Amazon now has taken up the step to refrain from using its competitor’s data and use it for its own purpose. The brand is now accepting to give equal status to other sellers while ranking their products with the feature, “buy box”. This feature allows shoppers the liberty to add items directly to their shopping bags.

    Conclusion

    This massive e-commerce performer, Amazon, is facing some difficulties right now. The company’s decision to reduce the selling of its products shows us that they plan to keep things ethical for other third-party merchants. Amazon is now looking for ways to give full access to other sellers on its marketplace.

    FAQs

    What is Amazon’s private label?

    Amazon sells its products using its in-house brands which are its private labels. Some of the examples are Amazon Basics, Solimo, Happy Belly, and Amazon Fresh.

    Is Amazon closing down its private label brands?

    No, Amazon has decided to sell fewer items by its private labels due to low sales and due to anti-trust issues.

  • Why Jeff Bezos considers Fire Phone Failure a Good Thing?

    These are the words of the richest man on earth, the founder of Amazon, Jeff Bezos. He loves failure, because he knows very well that the only way to success is through failures. That is why he didn’t mourn the failure of the earlier launched innovation Fire phone. The phone failed deliberately but it wasn’t something that can move the roots of Jeff. He is not one of the easily shaken souls. Here in this article we will articulate the story and learn about the whole episode.

    “We are working on much bigger failures right now” – Jeff Bezos

    What is Amazon?
    How was the Fire Phone Idea ignited ?
    The Fire Phone
    What made Fire Phone unique from normal phones
    The Fall of Amazon Fire Phone
    Why does Jeff Bezos consider Fire Phone Failure a good thing?
    FAQ

    What is Amazon?

    You must be living under a rock if you don’t know what Amazon is. Amazon is the world’s biggest E-commerce platform founded by Jeff Bezos. It also focuses on cloud computing, Artificial Intelligence and digital streaming. It quite literally covers the whole world, by the enormous impact it creates.

    How was the Fire Phone Idea ignited ?

    Can you tell which is the most famous device to read books digitally ? Well, if your answer is ‘Kindle’ then you are right. Kindle is the brainchild of Amazon and essentially a brainchild of Bezos.

    As you may already know, Amazon was built on the foundation of selling books online. In further that direction, Jeff innovated and anticipated digital reading that led to Kindle.

    Just after witnessing the popularity of Kindle, Jeff decided to disrupt another segment, known as the smartphones. The entrepreneur decided to make a phone that will disrupt the market with its specificities.

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    The Fire Phone

    Jeff Bezos with Fire Phone
    Jeff Bezos with Fire Phone

    On June 18, 2014 the Fire Phone was unveiled for the first time to the public. At the first glance it really looked like any other phone in 2014. So the physicality of that phone was not much of a show starter. However the cool thing was the experience that the phone provided.

    What made Fire Phone unique from normal phones

    Fire OS

    Fire Phone - Fire OS
    Fire Phone – Fire OS

    An operating system free of the Google elements, that’s unique. The reason behind this uniqueness is that we all know Google dominates the android market in the world. Amazon did something different with that, it tried to make its own OS, a redesigned app tray, settings, framework everything new. A new app store, a new UI, to match the new elements of the Fire Phone.

    Dynamic perspective

    Fire Phone - Dynamic Perspective
    Fire Phone – Dynamic Perspective

    This is the biggest “flex” that the phone showcased. Fire phone can be said to be the first phone with a dynamic perspective. Amazon can be said to be the first brand to scale it. The phone had depth, that means you can actually tilt the phone left to right and see the sides of apps, maps, images etc. That can even be used as a gesture to move through book pages or any list.

    This was the innovation that Jeff wanted to present to the world. A new way to navigate through your phone. This was the creative challenge that Jeff posed in front of the engineers.

    The basis of this dynamic effect was that it used the phone camera to constantly track the user’s head to tilt the screen according to the head angle. As some people opposed questions on its practical uses, This was seen as such a unique innovation.

    Firefly

    Fire Phone Firefly
    Fire Phone Firefly

    The scan and search anything option was another bright LED to the belt. Amazon added this feature to strike a tough competition to the other smartphones. The Firefly option is a feature that you can use to scan and search almost any item with your camera.

    Some people argued that this was an amazon promotional feature and to be honest, it was. More than that it was one of the uniqueness that the phone entailed.

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    The Fall of Amazon Fire Phone

    Amazon didn’t released the sales figures for any of its devices, but based in part on its quickly declining prices, it announced a $170 million write-down; analysts have judged it having not been commercially successful. Amazon ceased production of the Fire Phone in August 2015 and discontinued sales soon after.

    Why does Jeff Bezos consider Fire Phone Failure a good thing?

    “If you think that’s a big failure, we’re working on much bigger failures right now — and I am not kidding,” he said. “Some of them are going to make the Fire Phone look like a tiny little blip.”

    All these words show the bright and healthy innovation potential that Amazon has in store. Jeff has such a positive outlook towards even a big failure like this. He says that a small amount of win pays for all the losses.

    Jeff is famous for his attitude that he showcases even in adverse situations. What really matters for people is to experiment and embrace failures. This mental model goes well with corporations too.

    Companies who fear failure do not go much ahead in the world. It is with the positive outlook towards a failure what makes it a stepping stone for growth or success. Jeff does this thing well.

    He has nearly created billions of dollars of failures within Amazon, None of them matters to him. He says experimenting runs through Amazon’s veins and it is quite evident with his views and his past experiment’s track records.

    Conclusion

    If we talk about Jeff Bezos for more than five minutes, we all will feel motivated and this article will turn into a motivational speech. The reason is simple because of the wonderful personality that the person has, or gained through years of hard work.

    It is not just some sort of being at the right moment at the right time, It is more than that. If you have read the article with your full consciousness then the secret would have unfolded in front of your eyes.

    Speaking of the Fire phone, it was truly a fire. Many people argue that the phone could have been an app because customers would be comfortable interacting with that. Whatever it was, we can largely see it as an experiment that came out of Jeff’s brain and failed which truly didn’t matter.

    The Fire phone flight ended with losses of dollars and earnings of smartphone knowledge. The world is always witnessing such flights and failures but all it takes into account is the try.

    FAQ

    What are the key characteristics of Jeff Bezos?

    Jeff Bezos is a Big Thinker, He has very high standards, he is Strategically Patient and is an Amazing Learner.

    Has Jeff Bezos had any failures?

    Yes, Jeff Bezos has faced many failures from which the biggest failure is the Fire phone.

    How did Jeff Bezos start Amazon?

    Jeff Bezos began developing the software for the site, which he called Amazon.com. It sold its first book in 1995.

  • How will Amazon leverage MGM Studios after the Acquisition?

    Amazon which is a multinational tech giant has been competing against the OTT platforms such as Netflix, HBO studios and Disney+Hotstar with their Amazon Prime App. The OTT platform of Amazon Prime has announced its recent acquisition of MGM studios. Let’s look at the deal and how it is going to help Amazon in the OTT field.

    Amazon MGM Acquisition – Latest News
    Amazon’s Future Plan with MGM Studios
    The main ideology behind the Acquisition of MGM and Amazon
    FAQ

    Amazon MGM Acquisition – Latest News

    Amazon has finally acquired the legendary MGM studios which is a significantly legendary media company. The deal is said to be around USD 8.45 billion. This is considered to be one of the boldest moves in the entertainment industry.

    The deal will help Amazon Prime to take a forward step in the streamlined business and is the second largest acquisition in the history of Amazon.

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    Amazon’s Future Plan with MGM Studios

    Mike Hopkins who is the senior vice president of Amazon Prime Video has conveyed that the real financial value of the acquisition is the collection of the treasure in the deep catalog which they are planning to reimagine and develop together with the talented team of MGM.

    He also added that they are very excited and are looking forward to working with the talented team for high quality story telling. The company is planning to leverage the legendary catalog of 4,000 films and 17,000 shows which will strengthen the platform of Amazon.

    Kevin Ulrich, the chairman of MGM has conveyed that the combination to align the opportunity of the history of MGM with Amazon is inspiring. But above all Amazon needs more content for Amazon Prime video to stay relevant against the competition.

    Buying MGM will provide Amazon Prime video with the access to favorites such as James Bond, Real Housewives and Survivors. It also will improve Amazon Prime’s odds in creating their own originals with a fully fledged studio that has created legendary shows and movies.

    Revenue of MGM Holdings worldwide
    Revenue of MGM Holdings worldwide

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    The main Ideology behind the Acquisition of MGM and Amazon

    The main idea behind the acquisition of MGM is considered not to be the legendary movies or shows or not just to create original shows but to increase the number of subscribers for the OTT platform of Amazon.

    Amazon earlier had a stronghold by offering shipping discounts to prime members and attracting more consumers but right now a lot of firms have been offering shipping discounts for its consumers. At the same time, we can’t predict what Amazon would do with MGM’s content and it remains unexpected.

    FAQ

    Who is the founder of MGM Studios?

    Louis B. Mayer and Marcus Loew are the founders of MGM studios who founded it on 17 April 1924.

    When was MGM founded?

    MGM studios was founded on 17 April 1924 and It is around 97 years old.

    Has Amazon bought MGM?

    Yes, Amazon has acquired MGM studios for 8.5 billion dollars to compete against other OTT platforms.

    Conclusion

    The deal proves the willingness of Amazon to spend more in order to remain competitive in the streaming industry. It is to be noted that the competitors are spending heavily on developing the libraries and producing original content committing billions. This will be a step for Amazon to emerge as a much stronger brand in the streaming market.

  • This Is What Will Jeff Bezos’s Total Net-Worth After Stepping Down As CEO

    Jeff Bezos is currently the World’s Richest Man with a Net-worth of $193.2 billion as of April 2021. He is the founder & CEO of Amazon and the owner of ‘The Washington Post’. The e-commerce industry has been at the center of most entrepreneurial attempts and ventures. Significant developments have happened in this segment over the last couple of decades. The e-commerce division has become an indispensable part of our lives today. Physical obstacles related to brick-and-mortar stores have essentially been eliminated. Without any doubt, Amazon is at the pinnacle of e-retail. And the credit goes to Jeff Bezos.

    Jeff Bezos Biography

    Name Jeff Bezos
    Born 12 January 1964 (age 57 years)
    Place Albuquerque, New Mexico, United States
    Net Worth $193.2 Billion (April 21, 2021)
    Known for World’s Richest Man (Forbes), Founder & CEO of Amazon
    Education Princeton University (1982–1986), Miami Palmetto Senior High School, River Oaks Elementary School
    Spouse MacKenzie Scott (1993–2019)
    Children 4

    Jeff Bezos – Education and Innovative Mindset
    Jeff Bezos – Key Investments
    Jeff Bezos – Jobs Before Amazon
    Jeff Bezos – How Jeff Bezos Launched Amazon?
    Jeff Bezos – The Washington Post Purchase
    Jeff Bezos – The Blue Origin
    Jeff Bezos – Philanthropy Works
    Jeff Bezos – FAQs
    Jeff Bezos – Conclusion

    Jeff Bezos – Education & Innovative Mindset

    Bezos graduated from Princeton University in 1986 with a degree in computer science and electrical engineering. His early interest in gadgets and the functioning of machines made him turn his parent’s garage into a laboratory. He had business instincts right from the start as during high school, he began the Dream Institute—an educational summer camp for fourth, fifth, and sixth graders.

    Jeff Bezos – Key Investments

    Jeff Bezos invested in various businesses to date. A look at the World’s Richest Man’s investments shows a diversified portfolio spanning across sectors including media, software technology, healthcare, financial services, logistics & more.

    Take a look at the Key Investments of Jeff Bezos.

    Jeff Bezos Investments
    Jeff Bezos Key Investments

    Jeff Bezos – Jobs Before Amazon

    After graduation, Bezos worked for several firms on Wall Street. He worked for Bankers Trust and then D.E. Shaw. He was elected as the youngest vice president at D.E. Shaw in 1990. A smooth life wasn’t everything for him and he decided to try his hands on something different. In 1994, he resigned from D.E. Shaw and moved on to the e-commerce industry. He launched an online website that sold books. This marked the beginning of his entrepreneurial path.

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    Jeff Bezos – How Jeff Bezos Launched Amazon?

    Inspired by the great South American River Amazon, he named his online bookstore Amazon.com. The website went live after nearly 300 friends tested the beta site. Amazon.com became popular all over the world. With no promotion, Amazon.com sold books all over the country and within 30 days, the company was operating in 30 countries. Within two months, sales reached around 20,000 USD per week. This was much larger than anticipated.

    Amazon Logo

    The company went public in 1997. After two years, the company became the face of the e-commerce industry. The growth of Amazon.com lead to diversification in its offerings. The company began to sell CDs and videos in 1998. Later, toys, clothes, and video games were brought onto the Amazon platform. The move was done to cover every age group. While many e-commerce websites were struggling to survive, Amazon.com flourished. The yearly sales took a giant leap from 510,000 USD in 1995 to 17 billion USD in 2011.

    The introduction of Amazon Prime was significant in revenue boost. The media tycoon declared that Amazon Prime had surpassed 100 million paid subscribers. The company’s value reached 1 trillion USD in the year 2018, making it the second company to break the 1 trillion mark.

    Amazon.com launched its video-on-demand service in the year 2006. The extension was initially named as Amazon Unbox on TiVo. Bezos introduced Amazon Studios in 2013. The studio became popular due to its association with the critically acclaimed Transparent and Mozart in the Jungle. Bezos has also made a cameo appearance in the movie Star Trek Beyond as an alien. Under his leadership, Amazon introduced Alexa, the virtual assistant. The arrival of Kindle changed the way people read books after 2007. Bezos gave Apple’s iPad a run for its money by introducing launching Kindle Fire HD. The tablet was affordable and was well received.

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    Jeff Bezos – The Washington Post Purchase

    Bezos made headlines after purchasing The Washington Post for 250 million USD. After taking over the company, Bezos hired hundreds of reporters and editors. Later, the association of Michael Flynn (the former national security advisor) with Russians was revealed by Washington Post. This forced Flynn to resign. At the end of 2016, the new publisher generated revenues of 100 million USD.

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    Jeff Bezos – The Blue Origin

    In 2000, Bezos founded Blue Origin. Blue Origin is an aerospace company that makes space travel affordable through cutting-edge tech. For the most part of the decade, the company wasn’t in the news, siloing itself in its research. Bezos invited many reporters to visit the company’s headquarters in Kent in 2016. He proposed a vision of humans colonizing the space. Bezos sold 1 billion USD of Amazon stock to fund Blue Origin. NASA announced that Blue Origin was amongst the 13 companies selected to collaborate on nineteen technology projects to reach the Moon and planet Mars. Blue Origin is also working with NASA on reusable rockets.

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    Jeff Bezos – Philanthropy Works

    In the year 2018, Bezos launched the Bezos Day One Fund. This organization helps homeless families. It also aims at creating a network of new, non-profit tier-one preschools for low-income communities. Jeff gave away 2 billion USD of his personal fortune to fund the nonprofit organization.

    For many years, Bill Gates was at the tip of our tongues when speaking of the world’s richest person. Jeff Bezos changed that. The staggering increase in his wealth shows what behemoth of a company Amazon has become. What began as an online bookstore now deals with cloud services, e-retail, electronics, high tech offerings, and what not. Jeff Bezos is an example of how consistent efforts and innovation can take an individual to unimaginable success!

    Jeff Bezos – FAQs

    How much does Jeff Bezos make in a day?

    Jeff Bezos’s net worth increased by $67.4 billion on August 12, 2020. Based on these figures, Jeff Bezos made around $321 million per day or $3,715 per second. According to Observer, Jeff Bezos earns approximately $149,353 a minute.

    What does Jeff Bezos do with his money?

    Bezos’ net worth is an estimated $193.2 billion, according to Forbes. He spends his fortune on real estate, a Gulfstream Jet, and his space exploration company.

    What did Jeff Bezos study in university?

    Bezos had an early love of computers and studied computer science and electrical engineering at Princeton University.

    Who Founded Blue Origin?

    In 2000, Bezos founded Blue Origin. Blue Origin is an aerospace company that makes space travel affordable through cutting-edge tech.

    Why Jeff Bezos named Amazon?

    Inspired by the great South American River Amazon, Jeff Bezos named his online bookstore Amazon.com.

    How was life for Jeff Bezos before Amazon?

    After graduation, Bezos worked for several firms on Wall Street. He worked for Bankers Trust and then D.E. Shaw. He was elected as the youngest vice president at D.E. Shaw in 1990.

    Jeff Bezos – Conclusion

    Bezos founded e-commerce giant Amazon in 1994 out of his garage in Seattle. Before starting Amazon, Bezos worked for several firms on Wall Street. He worked for Bankers Trust and then vice president at D.E. Shaw. Bezos was doing well with his life at that point of time. But he wanted to try something new with his life and started working on Amazon from his garage. The life story of Jeff Bezos has admired a lot of people all over the world. “Never Settle. Keep Hustling”.

    “The people who are crazy enough to think they can change the world are the ones who do.” — Steve Jobs