Tourism: Jeff Bezos, The First Billionaire To Travel To Space With His Own Rocket

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YEET MAGAZINE  ATLANTA | Published on   0246 GMT (1046 HKT) June 14, 2021

Billionaire Jeff Bezos will take to the skies on July 20, 2021 aboard the New Shepard rocket. & Amp; nbsp;  PHOTO / SAJJAD HUSSAIN / AFP

The wealthy business mogul will participate in July in the first tourist flight of the New Shepard rocket, manufactured by the company Blue Origin.

“If all goes according to plan, Jeff Bezos, the richest man in the world, will be the first space-loving billionaire to take to the skies on a rocket he has financed,” . The founder of Amazon - whose fortune is estimated at 187 billion dollars - said on Monday, June 7 that he would be on board the first manned flight of the New Shepard rocket, launched by his company Blue Origin. He will be accompanied by his brother Mark and a third passenger, the winner of an ongoing auction.

“Since the age of five, I have dreamed of traveling to space,” the billionaire commented in an Instagram post. “On July 20, I will be making this trip with my brother. Greatest adventure ever, with my best friend. ”

For this first manned flight, the rocket capsule must rise to an altitude of more than 100 km. It will remain weightless for a few minutes, before descending in free fall towards the Earth, slowed down by three parachutes and retro rockets. The landing is planned in a desert in West Texas. Neither  the founder of SpaceX Elon Musk , nor  Richard Branson, the British boss of Virgin Galactic , have so far made this type of journey.

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Space trip with Jeff Bezos sold at auction for US $ 28 million

A wealthy and lucky winner paid US $ 28 million on Saturday for an auction seat to accompany Jeff Bezos on Blue Origin’s first space tourism flight scheduled for July 20.

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Develop space tourism

The announcement comes as Jeff Bezos is preparing to step down as CEO of Amazon , to devote more time to his personal projects - including his company Blue Origin. Through this, the billionaire wishes to develop new technologies and, ultimately, lower the cost of access to space. “Bezos said his role in Blue Origin was the most important job of his life,” says  CNN Business .

Read more :  Space Trip With Jeff Bezos Sold At Auction For US $ 28 Million

The aerospace company is currently building another rocket, New Glenn, which could be used by the US government to put satellites into orbit. She also applied to participate in  the development of material for NASA's upcoming lunar missions , but did not win the tender. She has never organized human space flights before.

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COMMENTS

JEFF BEZOS

Why is Jeff Bezos leaving his position as CEO of Amazon?Bezos is he leaving his position as CEO of Amazon?

Sylvain Saurel

Why did Jeff Bezos leave Amazon?Bezos leave Amazon?

Why did Jeff Bezos leave Amazon?

The news hit the tech and investment world like a bomb. After nearly 27 years at the helm of Amazon, Jeff Bezos has just announced that he will step down as CEO at the end of the first half of 2021. Jeff Bezos has chosen to announce it when the 2020 results are announced. from Amazon.

Bezos has just announced that he will step down as CEO at the end of the first half of 2021.

Jeff Bezos chose to announce this when announcing Amazon's 2020 results.

It is always easier to break bad news (for investors) after breaking good news.

The good news is that Amazon has had an exceptional 2020 . The coronavirus pandemic has benefited the revenue of all GAFAs, and Amazon is obviously no exception. The company founded by Jeff Bezos achieved sales of $ 386 billion in 2020, an increase of + 38% compared to fiscal 2019.Bezos achieved sales of $ 386 billion in 2020, an increase of + 38% over fiscal 2019.

The numbers are staggering. To replace him at the head of Amazon, Jeff Bezos has chosen one of his closest collaborators. Indeed, it is Andy Jassy, ​​the current boss of the very profitable entity AWS (Amazon Web Services), who will replace him as CEO of Amazon.

Bezos chose one of his closest collaborators. Indeed, it is Andy Jassy, ​​the current boss of the very profitable entity AWS (Amazon Web Services), who will replace him as CEO of Amazon.

Jeff Bezos distances himself for two main reasons, in my opinion. I detail them here:Bezos distances himself for two main reasons, in my opinion. I detail them here:

The Two Major Reasons That Motivate Jeff Bezos

Bezos To Step Down As Amazon CEO

The first is that he wants to have more time to devote to the real purpose of his life: to colonize space.

By leaving operations to Andy Jassy, ​​Jeff Bezos will have a lot more time to devote to his company Blue Origin. will have a lot more time to devote to his company Blue Origin.

The second reason is that Jeff Bezos now wants to improve his image. He follows the example of Bill Gates , who left the post of CEO of Microsoft in 2000 to devote himself to philanthropic actions.

Bezos He follows the example of Bill Gates , who left the post of CEO of Microsoft in 2000 to devote himself to philanthropic actions.

Twenty years later, few people still associate Bill Gates with Microsoft. He is more readily associated with his foundation. Jeff Bezos is making this bet because he believes that his image is harming Amazon more and more. The latest example is the $ 10 billion JEDI contract that Amazon was unable to secure, apparently because of the Washington Post editorial line, which Jeff Bezos also owns.

Bezos is making this bet because he believes that his image is harming Amazon more and more. The latest example is the $ 10 billion JEDI contract that Amazon was unable to secure, apparently because of the Washington Post editorial line, which Jeff Bezos also owns.

So it's time for Jeff Bezos to distance himself from Amazon.Bezos to distance himself from Amazon.

Can Amazon shareholders fire Jeff Bezos ?Bezos ?

Can shareholders vote Jeff Bezos out of Amazon?Bezos out of Amazon?

Totally. And this is even more true in the case of Jeff Bezos at Amazon than Mark Zuckerberg at Facebook for example.

Bezos at Amazon than Mark Zuckerberg at Facebook for example.

Jeff Bezos owns 11% of the shares of Amazon.

Bezos owns 11% of the shares of Amazon.

Jeff Bezos' shares give him the same right as other Amazon shareholders. Thus, Jeff Bezos can be removed from his functions of CEO by majority decision of the shareholders of Amazon.

Bezos Thus, Jeff Bezos can be removed from his functions of CEO by majority decision of the shareholders of Amazon.

In contrast, Mark Zuckerberg's shares give him greater voting rights than other holders of Facebook shares. So even with "only" 13% of Facebook shares, Mark Zuckerberg still has the majority when it comes to making decisions.

If I remember correctly, I believe that a share of Mark Zuckerberg is worth 10 times more than that of other shareholders in terms of voting rights.

However, as far as Jeff Bezos is concerned , he will not be replaced.

Bezos , he will not be replaced.

His long-term vision is the reason for Amazon's incredible success. No one has any interest in firing a CEO and founder who turned a small startup into a global juggernaut with a market cap of over $ 1.5 trillion.

Jeff Bezos still has a bright future as CEO of Amazon.Bezos still has a bright future as CEO of Amazon.

How did Jeff Bezos get so rich so quickly?Did Bezos get so rich so quickly?

A lot of talented people don't succeed. There is something else that plays and has nothing to do with intelligence. The mindset of these people is key. I have read that a lot of millionaires (or successful people) have one thing in common: they have absolute certainty, an unshakeable desire, a very clear vision of what they want (have already visualized the result they got later in their life), they plan, surround themselves with competent and non-toxic people, etc.

They accept obstacles. I also think they have a lot less negative emotions than most people and know who they are (strong identity). They will never say "I suck" on the contrary, they appreciate themselves without falling into narcissism. I remain totally convinced that(more)

Why does Jeff Bezos only own 16% of Amazon?Does Bezos only own 16% of Amazon?

Adam hessas

Why does Jeff Bezos only own 16% of Amazon?Bezos only own 16% of Amazon?

Originally, Jeff Bezos owned 100% of the shares of Amazon.

Bezos owned 100% of the shares of Amazon.

As Amazon grew, Bezos brought in other shareholders in order to raise funds to finance the development of the company. brought in other shareholders to raise funds to finance the development of the company.

Then, when Jeff Bezos took Amazon public, he decided to open the capital to the public, which further diluted the shareholder base.

Bezos took Amazon to the stock market, he decided to open the capital to the public, which further diluted the shareholder base.

Before his divorce from MacKenzie Bezos , he owned a 16% stake in Amazon., he owned a 16% stake in Amazon.

After the divorce, he gave 5% of his shares to McKenzie Bezos as part of their divorce. However, Jeff Bezos retains the decision-making power with the 11% of shares he has left.Jeff Bezos retains the decision-making power with the 11% of shares he has left.

As of August 30, 2020, Amazon has a market capitalization of $ 1.7 trillion. The 11% of shares that Jeff Bezos owns represent 90% of his personal fortune.

Bezos represent 90% of his personal fortune.

All of this makes him the richest man in the world with $ 200 billion in assets.

Why is Jeff Bezos not as respected as Elon Musk?Bezos not as respected as Elon Musk?

It's simple: one has amassed a considerable fortune on the backs of thousands (millions?) Of collaborators who are almost modern slaves, and the other after having invented a means of secure payment on the internet ( PayPal) that he sold, when he could have retired and spent happy days on a private island before his 30 years, he went bankrupt several times following crazy dreams that led him to ride all parts a private space flight company, SpaceX(inventing the reusable launcher in the process), to improve a luxury electric car to perfection ( Tesla) While 10 years ago it was said that electric cars would never be commercially viable, human-machine research company Neuralink(hello the human spirit term download ^^), I switch to the Hyperloop which is not yet technically implemented but which if it was would make it possible to make Paris Marseille in about 1 hour or less ...

To put it simply, one is a run-of-the-mill businessman who is only interested in money and the means to always make more of it despite the fact that he would not have enough 1000 lives to spend it. that he already has, while the other is a somewhat crazy visionary capable of putting everything he has into play to succeed (or fail) and who in addition has a very great sense of humor and self-mockery ...

Just for the fun of it I put you the video montage he uploaded to show all the launches of Space X which ended in bitter failure:

To me, Elon Musk is sort of an incarnation of Tony Stark in the real world 😍.

How can I contact Jeff Bezos , CEO of Amazon?Bezos , CEO of Amazon?

Hello Mr. Jeff Bezos my name is Papa Abdoulaye mabaye and I am a teacher in Senegal in a poor African country with a salary of 200 dollars by me and I would like you to help me because I can no longer live decently and I have problems paid for my apartment which is 150 dollars.Bezos my name is Papa Abdoulaye mabaye and I am a teacher in Senegal in a poor African country with a salary of 200 dollars by me and I would like you to help me because I can no longer live decently and I have problems paying my apartment which is 150 dollars.

Hoping that you take my request into consideration I took you dear sir to believe the expression of my most respectful feelings1.

Why does Jeff Bezos think Amazon is going to fail and "go bankrupt"?Does Bezos think Amazon is going to fail and "go bankrupt"?

Why is the Amazon CEO saying about his company, "Amazon will be disrupted one day and will go bankrupt?"Original answer: Why does the CEO of Amazon say of his company: “Amazon will one day be disrupted and go bankrupt?”?

Have you ever heard of a company called Kodak?

It was founded in 1888. It popularized mass photography.

Its size was such that in 1986 85% of all camera film sold in the United States was by Kodak.

She also belonged to the film industry

(ndt) today she died. the proof 85% of readers did not know it .

Bezos makes this provocative statement to underscore a very important lesson from the business world. [1]

It's a world of disruption .

Just as he disrupted the retail industry and cloud computing services among other businesses, his business will one day be disrupted as well.

Why?

Because once a business is well established in selling products and services, it becomes accountable to the processes it uses to sell those products and services.

In addition, he becomes addicted to income .

And that's when a New comes in and starts munching on his heels.

The big and powerful incumbent ignores the newbie like lightning, until he realizes it is too late.

This is because the new has created a whole new way of delivering the product or service.

It could be cheaper, better, faster, or just completely disrupt that product.

But the incumbent simply cannot wean themselves from the lucrative income stream of their current products and services.

Change is difficult .

Existing processes that once looked like a printing press suddenly turn into an anchor around the neck.

This is what happened to Kodak .

He had the opportunity to make the transition to digital photography.

In fact, he developed and sold the first digital cameras.

But he was too dependent on cinema revenues to ever really promote digital.

But digital was unstoppable.

And, of course, once every cell phone contained a camera, the game was over.

This is also what happened to Sears .

It's hard to believe, but Sears was once King of the Hill.

And just like Amazon, they've expanded their business beyond retail: insurance, securities brokerage, real estate, and even rolled out an online service long before the web.

Then came WalMart and online shopping, and Sears found itself unable to compete effectively.

He tried to return to his roots, but too little and too late.

And maybe that's why Bezos made a comparison to Sears in his statements. made a comparison with Sears in its statements.

This is what happened to Blockbuster with Netflix.

This is what is happening to the taxi industry thanks to Uber.

This is what is happening in the hotel industry thanks to AirBnB.

The list is lengthened increasingly.

It has been a topic for business schools since the publication of the seminal book The Innovator's Dilemma by Clay Christensen over 20 years ago.

Scott McNealy, one of my old bosses, used to say, “Eat or have lunch”. [2]

And that's what happened, ironically, to his company, Sun Microsystems.

When he said this sentence (among many others), Sun was on top of the world.

These were the computer hardware and networks company operating the Internet and large corporations.

In just a few short years, this hardware was commoditized and Sun practically ceased operations (acquired by Oracle, luckily).

Bezos is simply emphasizing that, as rich and powerful as they are, no individual or business is invulnerable. simply emphasizes that, as rich and powerful as they are, no individual or business is invulnerable.

Previously, the life cycle of a business was at least 100 years.

Not anymore.

And this is another thing that Bezos pointed out. highlighted.

The life cycle is now 30 years.

Blockbuster fell in 28. Sun Microsystems too.

Amazon is already in its third decade.

Even if it's 50 years after its founding, it will happen.

At least that's what he says.

PS: I just posted a more in-depth analysis of this topic on CIO.com - Tech News, Analysis, Blogs, Video:

Why Bezos is right and Buffett is wrong about the business disruption .

Former journalist and senior high-tech official, George Paolini posts a blog on the unintended consequences of technology on:

Iron Age Epilog

Footnotes [1] Amazon CEO Says His Company "Goes Bankrupt" ...

[2] Say what? A look back at McNealy's zingers

Would you rather be Jeff Bezos or Bill Gates?Bezos or Bill Gates?

Sessien Hounhouedo

I will choose Bill Gates, fingers in the nose. No competitor comes close to him, for 5 reasons. Philanthropist: Bill Gates brought a pot of human waste to the Toilet Expo to provide an update on the advancement of toilet technology. Insatiable reader and apprentice: Bill Gates has a tote bag full of books wherever he goes. He reads almost 50 books a year and also shares impressive summaries at Home | Bill Gates. An inventor: Bill Gates left Harvard at age 21 to create Microsoft. However, this was not his first start-up. At 17, he co-founded Traf-O-data to manufacture a traffic counter based on Intel processors. A romantic partner: Bill and Melinda Gates have been married for 25 already

What does Jeff Bezos' office look like ?Bezos ?

Here's what Jeff's desk looked like in 1999: Hope you like the quality of the furniture, made from a door and planks, and the “amazon.com” tag on the wall. Here is his office from 2014, the most recent photo that exists on the internet. Just imagine that one of the richest men in the world works here. No furniture that costs millions, chair made of diamonds… The next time you don't think you can afford it, come back and see these pictures.(more)About the BillionairesHow does Jeff Bezos spend his money?Is Bezos spending his money?

When I buy something from Amazon, how much goes in Jeff Bezos' pocket ?Bezos ?

Not so much… The reason is simple. Jeff Bezos' salary as CEO of Amazon is approximately $ 81,000 per year. When you buy something from Amazon, it gets very little back. On the other hand, you have to think about the fact that he still owns 11% of Amazon's shares. This makes him potentially the richest man on the planet with a fortune in the order of $ 200 billion. I say potentially, because it can drop sharply overnight, given that it depends on Amazon's stock price on the stock exchange. The fact that you buy something from Amazon will not drive up the share price and therefore bring nothing back to Jeff Bezos . Amazon's share price will change for other reasons. Of course, the better the sales figures, the How does Jeff Bezos spend his money?Is Bezos spending his money?

Does he spend it?

It must require more creativity from him than to create / manage Amazon.

Well, of course, there is structural spending - including private spending.

Does this exhaust its resources to the extent of their generation? I am not quite sure.

Who is Jeff Bezos ?Bezos ?

Jeffrey Bezos , known as Jeff Bezos , is the son of Miguel Bezos and Jacklyn Gise, was born January 12, 1964 in Albuquerque, New Mexico, is an American digital entrepreneur, industrialist, investor and media owner . He is best known as the founder, principal shareholder and chief executive officer (CEO) of Amazon. In 2018, he became the first individual to exceed $ 100 billion according to Forbes. He has since been the richest person in the world, peaking during the coronavirus pandemic in July 2020, at 172 billion dollars (153 billion euros). On August 26, 2020, Jeff Bezos became the first person in history to have a fortune exceeding 200 billion dollars net (170 billion euros).

What could ruin Jeff Bezos ?Bezos ?

Sylvain Saurel

What could make Jeff Bezos go broke?Bezos go broke?

Jeff Bezos has a virtual fortune of around $ 190 billion.Bezos has a virtual fortune of around $ 190 billion.

I say virtual, because it is made up of more than 90% of its shares in Amazon.

It can therefore vary greatly from day to day depending on fluctuations in the Amazon share price.

Nevertheless, Jeff Bezos has ten billion dollars in cash. It's much more than Elon Musk who sold all of his material possessions to focus on his conquest of Mars.Bezos has ten billion dollars in cash. It's much more than Elon Musk who sold all of his material possessions to focus on his conquest of Mars.

So Jeff Bezos would have something to lean on if Amazon went bankrupt and his actions were worthless.So Bezos would have something to lean on if Amazon went bankrupt and its actions were worthless.

However, Amazon will not go bankrupt overnight. Amazon has become a so-called "too big to fail" company. A fall of Amazon would have systemic effects because Amazon has become an essential giant at all levels.

States would help Amazon out of its predicament so that Jeff Bezos' business does not cause a bigger crisis in its downfall.

Bezos does not cause a bigger crisis in his fall.

De facto, Jeff Bezos will not be ruined. Unless of course he starts making irrational decisions, but that's not the style of Jeff Bezos .Bezos will not be ruined. Unless of course he starts making irrational decisions, but that's not the style of Jeff Bezos .

What are some shocking facts about Jeff Bezos ?Bezos ?

If Jeff Bezos is so rich why are Amazon employees so poorly paid?Bezos is so rich why are Amazon employees so poorly paid?

If Jeff Bezos is so rich, why does Amazon have such a low pay and poor conditions?Bezos is so rich, why does Amazon have such a low pay and poor conditions?

Very critical people will tell you that it is precisely because Jeff Bezos pays Amazon employees so poorly when the demands on their jobs are as great as he is rich.Bezos pays Amazon employees so poorly when the demands on their jobs are as great as he is rich.

They are not completely wrong.

You can't build an empire like Amazon without employees at the bottom of the ladder who are paid minimum wage and require very hard work.

This is the dark side of any business success. Amazon is no exception and the situation is the same in many other large companies.

I would like to tell you that things will improve in the future, but unfortunately, it certainly will not. This is how our world works.

As Amazon and Microsoft stock prices fluctuate, Jeff Bezos is even overtaken by Bill Gates from time to time.

Bezos is even already overtaken by Bill Gates from time to time.

As of November 23, 2019, we have the following estimated fortunes:

• Jeff Bezos: $ 108.3 billion
• Bill Gates: $ 106.7 billion

If the Amazon stock price continues to fall, Bill Gates could return to number one by the end of the year.

What is Jeff Bezos' humanism ?Bezos ?

What books does Jeff Bezos recommend ?Bezos ?

Yehoshoua Comes Back

1-sam walton: made of america,

2-memos for chairman

3-the vestige of the days

What do you think of Jeff Bezos making $ 13 billion in one day?Bezos earns $ 13 billion in one day?

Lionel toto

After checking it is barely $ 217 million per day on average between 2017 and 2018 thanks to the increase in amazon shares.

Amazon.com: In one year, the fortune of Jeff Bezos Bezos grew by 7.7 million euros per hour

Then a drop in amazon stocks and the reverse can happen.

And finally to recover his enormous sums he has to sell part of his 26% of Amazon shares.

I did not look for the Montand for sums in the bank which belong to him and immediately available… the figures make me dizzy.

In short, that said, I find it hard to imagine some one earning 7 million a day!

What I think: with the gain of 1 day I stop working… I can't think of any further.

What's an anecdote about Jeff Bezos at Amazon?Bezos at Amazon?

Jeff Bezos generally applies the "two pizza" rule at Amazon and I think that's something quite special.Bezos generally applies the "two pizza" rule at Amazon and I think that's something quite special.

What is it about ?

Bezos strongly believes that meetings tend to have more impact than just email. But for a meeting to develop in the best possible way, it must have a standard:strongly believes that meetings tend to have more impact than just email. But for a meeting to develop in the best possible way, it must have a standard:

"No meeting should be so big that two pizzas are not enough to feed everyone."

In this way, the group of people being small, everyone can express their opinion without being sidelined for lack of time.

I think it's a good way to ensure that the meetings have a better cohesion for everyone.

The two-pizza rule and the secret of Amazon's success

[ 1 ]

Will anyone get richer than Jeff Bezos ?Bezos ?

Lepine Kong

not in the short term a priori since by 2026 some predict that he will become the first Trillionaire. Patrick Dewaere would turn around in his grave remembering Thousand Billion dollars

Why did Jeff Bezos get a divorce?Did Bezos get a divorce?

What percentage of Amazon owns Jeff Bezos ?Bezos ?

Do you think Jeff Bezos deserves his wealth?Bezos deserves his wealth?

Do you think Jeff Bezos deserves his wealth?Bezos deserves his wealth?

Jeff Bezos has built one of the world's most capitalized companies from the ground up in just over 25 years.

Bezos has built one of the world's most capitalized companies from the ground up in just over 25 years.

He deserves his wealth because of the incredible value he brings to millions of people.

Of course, saddened spirits will say he is exploiting thousands of workers. In fact, it offers them jobs. Amazon has created thousands of jobs over all these years.

Jeff Bezos is a visionary who turned projects into big hits at Amazon. Now he has decided to step down as CEO to focus fully on the real goal of his life: colonizing space.

Bezos is a visionary who turned projects into big hits at Amazon.

he has decided to step down as CEO to focus fully on the real goal of his life: colonizing space.

He will have all the time he wants to make Blue Origin realize the dream of his life.

Finally, Jeff Bezos will now seek to restore his image through philanthropic actions as Bill Gates has been able to do since he left the post of CEO of Microsoft in 2000.Bezos will now seek to restore his image through philanthropic actions as Bill Gates has been able to do since he left the post of CEO of Microsoft in 2000.

Is it possible for Jeff Bezos to buy a country?

Bezos to buy a country?

Jeff Bezos' fortune far surpasses the Gross Domestic Product of many countries. However, I don't think a state would agree to sell its entire territory to the point of losing sovereignty to a businessman. Without neglecting that acquiring a COUNTRY is, from my point of view, a very bad deal for various reasons (public works to maintain, wishes of the people to be fulfilled, conflict of interest, ...)Bezos far surpasses the Gross Domestic Product of many countries. However, I don't think a state would agree to sell its entire territory to the point of losing sovereignty to a businessman. Without neglecting that acquiring a COUNTRY is, from my point of view, a very bad deal for various reasons (public works to maintain, wishes of the people to be fulfilled, conflict of interest, ...)

Is it possible for Jeff Bezos to buy a country? Maybe but I doubt it.

Bezos to buy a country? Maybe but I doubt it.

What are Jeff Bezos' best characteristics ?Bezos ?

Vision

Jeff Bezos knows exactly what Amazon should be: the most efficient retailer in the world.

Bezos knows exactly that Amazon should be: the world's most efficient retailer.

He always thinks 3 to 5 steps forward. Everyone is thinking about the next quarter. Jeff Bezos is thinking about the next decade.Bezos thinks about the next decade.

He started Amazon as a bookstore but Bezos' original business plan is to become a general retailer. Selling books is just her first step. He invested in Amazon Go, spectacular technology that no competitor can beat because no one has so much machine knowledge as retail expertise.is to become a general retailer. Selling books is just her first step. He invested in Amazon Go, spectacular technology that no competitor can beat because no one has so much machine knowledge as retail expertise.

• Flexibility

Bezos knows when to take on new ideas he hasn't thought of. A good example is Amazon Web Services. AWS was not part of its business plan, yet it did not ignore it. He recognized the possibilities and seized them. Now AWS takes over all profits from Amazon (as retail profits are reinvested).knows when to accept new ideas that he hasn't thought of. A good example is Amazon Web Services. AWS was not part of its business plan, yet it did not ignore it. He recognized the possibilities and seized them. Now AWS takes over all profits from Amazon (as retail profits are reinvested).

• He knows how to build a consumer centric business model.

Bezos has always believed that businesses focus more on customers than investors. has always believed that businesses focus more on customers than investors.

This helped him achieve brand value for Amazon in such a short time and grow it across the world.

• Data-driven management

He has a specific corporate culture. Everyone claims they're data driven, but Amazon really is.

• Without fear of bankruptcy

Jeff Bezos has failed on several projects. However, these faults did not prevent him from making new innovative projects.Bezos failed on several projects. However, these faults did not prevent him from making new innovative projects.

What does Jeff Bezos do with his fortune?Bezos with his fortune?

This does not concern me.

In your opinion, is Amazon's success mainly due to the genius of Jeff Bezos ?Bezos according to you?

His genius was to make the right choices like buying a company that is very good at after sales service.

Amazon will reimburse if you haven't received a package or refund you if you are not satisfied so with a focus on customer service, Jeff Bezos has attracted a lot of customers.Bezos has attracted a lot of customers.

Your turnover depends on your customers so take care of them and above all listen to them.

Is Jeff Bezos Getting Too Powerful?

Is Bezos getting too powerful?

Is Jeff Bezos extremely smart?

Is Bezos extremely smart?

Why aren't we rich like Jeff Bezos ?Bezos ?

First, you have to develop a promising and profitable concept. Then, you have to surround yourself with very competent people by remunerating them generously. Finally, you have to work, work, and work more. If you manage to earn 1% of Bezos income , you will gain a very comfortable position.

Does Elon Musk have the potential to overtake Jeff Bezos' fortune in the next 10 years?Bezos over the next 10 years?

It is quite likely indeed… Elon Musk is investing in companies that have the potential to solve problems of importance to all of humanity in the coming years.

We will do a little comparison: Musk vs Bezos

First, let's look at Elon Musk's most promising companies:

• Tesla: At the latest news, tesla's market cap was 164.12 billion while Ford (for comparison) had a capitalization of 24.44 billion. If tesla's market cap is so high, it's because the The company is far from having exploited its full potential. Tesla uses a very specific strategy to develop by initially offering very high-end models to gradually decrease in range. It is a very interesting strategy, because it reinforces the image of prestige of the brand. Thus, it makes a product reserved for a certain elite accessible to everyone. So when Tesla releases these cheap models the consumer will have the choice between several similar vehicles but will choose Tesla for the brand (Apple is doing the same with the iPhone SE). Tesla could well become the biggest automobile company in the world.
• Starlink: Internet network distribution is a very big market. With starlink, space x provides an innovative solution and could well take a leadership position in the long term. I gave a more complete answer, I invite you to read it if the subject interests you. Will Starlink make Elon musk the richest and / or most powerful man in the world?
• Elon musk is also investing in the transport industry with the Hyberloop and the boring Compagny and in the energy industry with Solar City. These are once again long term projects so it is still difficult to estimate their impact on the future and their potential.

We can now list Jeff Bezos' biggest Amazon projects :Amazon Bezos :

Amazon is also Prime video (which is the direct competitor of Netflix), audible, music etc ... You have to see Amazon as a huge distributor that allows you to buy everything. Amazon is investing in smart warehouses to deliver ever faster, in drones to deliver to isolated places, etc.

Finally, Amazon is in the product transportation and distribution industry while Musk is in human transportation with tesla, hyperloop, and the boring companion.

They are therefore not really a competitor and offer innovative solutions in their respective industries.

The only potential competition is between Space X and Blue Origin and the conquest of space, but again, the conquest of space is a very long-term investment so it's difficult to make estimates. For the moment, these companies are still in a very limited market which consists of supplying NASA.10.7k  viewsShow 42  positive votesShow shares ·

Will Jeff Bezos become a billionaire before 2022?Will Bezos become a billionaire before 2022?

Is Jeff Bezos Too Powerful?Is Bezos Too Powerful?

Saul Venskutonis

Personal Development Nomad @ SHMR | Maker of musicmate.orgThis answer may not be an accurate translation of Saul Venskutonis' answer in Quora in English  :Is Jeff Bezos becoming too powerful?Bezos becoming too powerful?

With a net worth of $ 166.3 billion, Jeff Bezos is currently the richest man in the world. His business, which started out as a humble online bookstore, now has almost half of the e-commerce market in the United States alone. Its servers power Netflix, Airbnb and NASA. Amazon is clearly one of the largest and most influential business conglomerates on the planet. But does that make Jeff Bezos the most powerful man in the world?

Bezos is currently the richest man in the world. His business, which started out as a humble online bookstore, now has almost half of the e-commerce market in the United States alone. Its servers power Netflix, Airbnb and NASA. Amazon is clearly one of the largest and most influential business conglomerates on the planet. But does that make Jeff Bezos the most powerful man in the world?

What is power?

In his article Mark Murphy, makes a good summary on 7 types of power. These are:

• The holder - power that comes from a recognized and respected title. For example, the king, the CEO, etc.
• Coercion and Reward - the power that comes from controlling people through punishment or rewards.
• Referent and Relationships - power that comes from charisma, great social commitment or the ability to influence powerful people.
• Informative and Expert - power that comes from knowing what others don't know or being able to do what others can't.

Does Jeff Bezos have power?Does Bezos have power?

Let's quickly go through these 7 sources of power and find out.

Power holder

Jeff Bezos is the CEO of a company with over half a million employees ✔️Bezos is the CEO of a company with over half a million employees ✔️

Coercion and Reward

He can remove from his serverssites like "Wikileaks". He can spend millions of dollars influencing the government to achieve their goals or scare their employees enough to piss in bottles rather than taking a break.✔️

Referent and relations

Isn't he the richest man on the planet? His Twitter alone has 672K followers. His arsenal of connections is diverse and includes some of the most powerful politicians as well as influential celebrities. ✔️

Informative and expert

. We live in the information age. And information is power. Amazon has been collecting petabytes of customer data for years. This data gives him insight into what people want. It allows you to train sophisticated machine learning algorithms that can predict what you want next. Amazon is also the expert in descaling. If something can benefit from being a thousand times bigger than it currently is, Amazon will sell it. Even if that means temporarily selling at a loss (for example, they are not currently making any money on their Echo Dots). Amazon may even have the power to create new trends and new markets (who has listened to audiobooks or read e-books before Amazon?) ✔️

Ultimately

Bezos certainly has too much power for a single human, but that is not the point. As Yuval Noah Harari says in his international bestseller "Sapiens" - humans have always built pyramids. Over time, the names of these pyramids change, but few people challenge the myths that make us desire the pyramid in the first place. You can replace Jeff Bezos is."a multibillion dollar monopoly hiding in plain sight." We got used to his excellent suggestion algorithms. Fast and free deliveries. And as long as we keep using it it will stalk us.

What are business creators really doing? For example, what exactly is Jeff Bezos running at Amazon?Bezos runs exactly at Amazon?

AI - Semi-amateur cognitician

What exactly is Jeff Bezos running at Amazon? Bezos runs exactly at Amazon? He has a reputation for leading EVERYTHING.

I'll give an example of the sort of thing Jeff Bezos did. Bezos.
For a long time, the various bricks of Amazon's IT architecture were a bit of odds and ends, which can be understood in a rapidly growing company. As long as it worked, overall consistency didn't matter much.

And then one day he threw out a memo demanding, on pain of dismissal, that all Amazon applications be based on an architecture that specialists call SOA (Service Oriented Architecture) and be externalizable, that is to say accessible by other companies.
No exceptions were tolerated.

Bezos' vision was that the infrastructure that powered Amazon was, in itself, a service that was salable. And it is now one of the giants of the Cloud. Less known than others because it's not really intended for individuals but it runs Netflix for example.it was that the infrastructure that powered Amazon was, in itself, a service that was salable. And it is now one of the giants of the Cloud. Less known than others because it's not really intended for individuals but it runs Netflix for example.

These are the kinds of things that make Bezos such a great entrepreneur. And a tough guy it seems.an extraordinary entrepreneur. And a tough guy it seems.

I struggled to find the source of this story so I entrust it to you:
Stevey's Google Platforms Rant I was at Amazon for about six and a half year

What is Jeff Bezos going to do after stepping down as CEO of Amazon?Bezos will do after leaving the post of CEO of Amazon?

He's going to take on Elon Musk in his space market with Blue Origin and Bill Gates for his environmental and charitable activities. Jeff Bezos to step down as CEO of Amazon: what now? It still weighs $ 188 billion. What to launch some projects. As for properties, it is full of them.

Why invest in Amazon when Jeff Bezos sells his shares?

Bezos sells his shares?

Where did Jeff Bezos get the money to start Amazon?Did Bezos have the money to start Amazon?

Lepine Kong

Where did Jeff Bezos get the money to start Amazon from?

Easy he said:

“The first initial startup capital for Amazon.com came mainly from my parents, and they invested a large chunk of their savings in what became Amazon.com… a few hundred thousand dollars.”

Who is the better visionary, Elon Musk or Jeff Bezos ?Bezos ?

From my point of view. I admire them both but Bezos hardly invented anything… whereas Musk innovates with every turn of the hand! has invented practically nothing .

Who is more impressive, Bill Gates or Jeff Bezos ?Bezos ?

Jeff Bezos is much more impressive than Bill Gates ^^. All kidding aside, I find Jeff Bezos' experience to be personally more impressive. Bill Gates has my respect for his philanthropic commitment, but I find that he had less vision than Jeff Bezos on the world of technology in general. Bill Gates made a lot of bad choices in my opinion. The appointment of Steve Ballmer as CEO of Microsoft was one of them ... Jeff Bezos was able to create a company from scratch with a market capitalization of over $ 1.6 trillion in just 25 years. It is phenomenal. In addition, Jeff Bezos always seems to be one step ahead of future developments in the tech world. He is a visionary who helped Amazon

Do you think there are people richer than Jeff Bezos ?

Who would hide their wealth from the public?Bezos ?

Who would hide their wealth from the public?

No I don't think so and we can even be sure. Being richer than Jeff Bezos involves several things: * Having generated a lot, a lot, a lot of money; * Have a huge active heritage; * Being constantly hunted; None of these 3 things are compatible with being hidden and discreet. To have generated a lot, a lot, a lot of money: a colossal sum, but who would come from where? Almost all of today's billionaires are entrepreneurs or investors, professions that therefore require exposure, contact and relationships. Let us add around this advisers, bankers, friends, many people who could reveal its existence. Have an enormous active heritage: simpler here, having an active heritage rhymes with paper, documents, storage of this heritage.

Can Jeff Bezos disappear like Jack Ma?Can Bezos disappear like Jack Ma?

What watch is Jeff Bezos , the richest man in the world, wearing ?Bezos , the richest man in the world?

Jeff Bezos with an estimated fortune of 145 Billion dollars wears a watch from a little-known brand: Ulysse Nardin with an estimated fortune of 145 Billion dollars wears a watch from a little-known brand: Ulysse Nardin

The model he wears is a Ulysse Nardin GMT Big date (Price: $ 7,300 )

Very often the richest and / or influential people wear relatively simple or inexpensive watches, Bill Gates wears a Casio, or Roman Abramovich with a Polar watch. Here are two links for the curious:

These are the watches worn by some of the most powerful businessmen and CEOs in the world

From a $ 100 Swatch to a $ 20,000 Rolex, these are the watches worn by the most powerful people in business and finance

What do we know about Jeff Bezos ?Bezos ?

He is bald, rich, works like crazy, Amazon is his creation.49  viewsShow 1  positive vote1

Jeff Bezos

Which books influenced Jeff Bezos ? ?

Can Jeff Bezos Withdraw All His Money In Cash? can he withdraw all his money in cash at once?

He has a few millions at most in the bank.

Because its Amazon stocks are not strictly speaking money.

These are assets that are estimated on the basis of a stock market price.

If Bezos made the decision to sell them, it would mean 2 things: made the decision to sell them, this would mean 2 things:

• that he will no longer be CEO of the company, therefore, investors will flee the title, causing a very severe market correction on the title. The exceptional valuation is based on the fact that we anticipate strong and sustainable growth thanks to the visionary genius of the person in charge.
• that he no longer has confidence in the Amazon model, which will amplify previous expectations and the fall of the title.

In addition, it is not easy to find a buyer for 11% of Amazon, especially in cash. By exchanging securities (like Google, Apple), it would already be easier, but that does not answer your question.

To give you an idea of ​​the anticipation on Amazon's blazing performance, Amazon's PER is around 120, when it's only 5 on Renault and 15 for most stocks. The market anticipates a difficult continuation for Renault which explains the 5 while Tesla whose future looks bright has a PER of 370.

Which means that if Amazon were valued with the same parameters as Renault, the share's value would be divided by 24 = 120/5.

It is unreasonable to think that a poorly prepared sale will drop the value of the stock by more than 80%.

Such price drops have already occurred: France Telecom (Orange) quoted more than € 120 in 2000 on the basis of stratospheric growth expectations and is quoted today at € 8. For Nokia, it was even worse.

FYI, the sum of market capitalizations far exceeds the mass of money in circulation.

If Jeff Bezos sells all of his stock on Amazon, will Amazon stock crash? Will this make it impossible for him to sell stocks quickly?sells all of its stock on Amazon, will Amazon stock crash? Will this make it impossible for him to sell stocks quickly?

If Jeff Bezos sold all his Amazon stocks, would it affect Amazon's stock price because of supply and demand? sold all his Amazon stocks, would it affect Amazon's stock price because of supply and demand?

What if Jeff Bezos sells all of his Amazon stock?