What an incredible year it is for Amazon founder, Jeff Bezos, who didn’t just maintain Forbes richest man in the world for over three months after overtaking the phenomenon Bill Gates at the end of October 2017 with a $90.6 billion dollar net worth, according to Forbes calculation.
Jeff also made history by crossing the $100 Billion mark which has only been done once before in the Forbes tracking of wealth since 1982. In 1999, Bill Gates briefly worth 100 billion dollars. Jeff has increased his net worth by 25% in less than 3 months.
Jeff’s wealth has been tied to his ownership in amazon stocks where he owns about 16% of the company which is worth about $107 billion dollars. He possibly might not hold that position for a long time, because his net worth will fall if amazon stock price dramatically falls.
His company amazon has really diversified and majorly their venture, amazon web services which is offering computing power to companies and startups that can get the computing power that they need and they pay as they go.
Jeff is an inspiration to young entrepreneurs like me and a good example of what success in business can look like when one is focused and hardworking. I have a video here where Jeff and his business were like ridiculously reviewed by the media back in 1999.
His office, then was said to look more like a college doom than a corporate headquarter, his working desk didn’t look like a good one for a CEO of a billion dollar company. When jokingly asked to get a better one, he replied and said the old desk Is a symbol of spending money on things that matter to customers and not spending money on things that don’t.
I want to live my life in such a way that when I am 80 years old, I have minimized the number of regrets that I have.
Jeff Bezos in 1999.
A financial analyst from wall street back then described amazon huge surge in price has highly speculative and called investing In the company as gambling as the stock price went up almost 1000% in one year.
Can you relate this to the current bitcoin and cryptocurrency market? They will call it gambling, they will see no future in it, it's their work, your work is to believe in what project you have researched and invest in.
What they said in 1999 about Amazon com
Jeff Bezos' Fortune Crosses $113 Billion | Forbes
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