By:Stephen Zed

COMP 1631 Winter

Jeff Bezos Amazon

Jeff Bezos

Age: 47 Residence: Seattle, WA Citizenship: United

States Marital Status: Married Children: 4

Jeff Bezos worth 12.3 billion dollars, #43 on Forbes list.

Summary

The founder and CEO of Amazon.com.

Amazon.com is a multination electronic commerce company and is America’s largest online retailer.

Launched Kindle digital book reader 2007

Early History - School

It was in High school when Jeff Bezos passion for computers emerged.

The valedictorian chose to attend Princeton University to continue on with his study of computers.

He graduated with a degree in computer science and electrical engineering.

Early History

After graduating Bezos got employed on Wall Street. It was here where he started to involved with finance.

Bezos first job was with Fitel, a company fabricating a network for international trade.

Later Bezos was employed by Bankers Trust and eventually was given the title as vice president.

Bezos then moved to D.E Shaw and captured the role vice president role once again.

Early History

In 1994 there was no sign of internet commerce.

Bezos observation of the increase of use of the internet by 2,300 percent a year at this time made Bezos start thinking about the possible opportunities.

His research led to his findings that the market for online mail book catalogue did not yet existed.

His mission was to create a internet location where people could see the available stock of books and place orders directly.

The Start

Jeff left his secure position on Wall Street and moved to Seattle with his wife, Mackenzie.

On July 16, 1995, Amazon.com went public and it was run from his two bedroom house.

In the first 30 days , Amazon sold books to all 50 states and in 50 countries.

By September Bezos website sales were $20,000 a week.

The Start

Bezos and his co-workers invented Email order verification ,customer reviews and one-click shopping.

Amazon went public in 1997, and two years later its stock value was double its two highest competitors value combined.

Bezos parents invested $300, 000 into the company’s stock and by 2000 they were billionaires.

Expansion Jeff took the expression go big or go

home to his company. Bezos wanted to expand his store to

“Earth’s biggest earth store” to “Earth’s biggest anything store .“

People criticized Bezos saying that he was going to big to fast.

Bezos made business history by expansion.

Jeff’s website started selling electronics, toys, movies and more.

In 2002 the company expanded even more adding clothing sales to their website.

Expansion

By 2003 Amazon launched A9, a new division put out to developed a commercial search engine that focuses on e-commerce websites.

They also offered 3000 different brand names from their online sporting goods store.

Bezos founded an aerospace company called Blue Orgin in 2004. The company was set out to develop new technology for spaceflight.

Kindle

In 2007, Bezos brought a handheld electronic book called Kindle.

Kindle uses “E Ink” technology to render text like a print like visual.

Font size is adjustable Wireless Internet

connectivity allowing online purchasing of books.

Books are cheap ranging from $2-$9.99.

Costs approximately $360.

Kindle vs. Apple

Kindle dominated 95% of the U.S market for forms of electronic books until in 2010 when Apple released the iPad.

Kindles are lighter and thinner.

It has longer battery life and faster page turning capability.

It is also much cheaper then the iPad.

Future

They sold more e books then hardcover books.

It’s 200% increase makes the future look that e-books will takeover hard cover books.

These electronic books will help the environment and will reduce waste of resources.

Amazon.com

Headquartered in Seattle, Washington

It is America's largest online retailer

Amazon.com has 3 times as much Internet sales revenue as runner up, Staples, as of January 2010.

Bezos called the company Amazon after the seemingly endless South American river with its numberless branches.

Honors

Named Time magazine's Man of the Year and Washington’s CEO Person of The Year in 1999.

He was chosen by U.S News and World Report as one of Americas best leaders in 2008.

Characteristics

Innovative

Risk Taker

Entrepreneur

Charitable

Bibliography

http://www.achievement.org/autodoc/page/bez0bio-1

http://www.forbes.com/lists/2010/10/billionaires-2010_Jeffrey-Bezos_RYMV.html

http://en.wikipedia.org/wiki/Jeff_Bezos#Recognition