Jeff Bezos Retirement: Success Story of Jeff Bezos: Will leave the post of Amazon CEO today- Today Jeff Bezos is going to step down as the Chief Executive Officer (CEO) of Amazon. Bezos had been in this position for nearly three decades. Bezos is stepping down to focus on other parts of the company. After leaving the position of CEO, he will become executive chairman. After Jeff Bezos, the post of CEO of Amazon will take over like Andy.
The news of the departure of Jeff Bezos from the post of Amazon CEO was received through a letter to the employees of the company. Jeff Bezos wrote in his letter that, ‘Being in the position of CEO of Amazon is a big responsibility, which takes a lot of time. In such a situation, it is difficult to concentrate on any other work. After becoming the executive chairman, I will be able to oversee other functions of the company as well.
At present, this is the total assets
According to the Bloomberg Billionaires Index, he currently has a net worth of $ 203 billion and he is the richest person in the world. Bill Gates’ net worth in 2018, 2019 and 2020 was Rs 6.12 lakh crore, Rs 6.79 lakh crore and Rs 8.58 lakh crore respectively. According to Forbes magazine, his wealth has increased by $ 196 billion since 1998. At the same time, according to the report of usatoday.com, his wealth has increased by 73 percent since the year 1029.
The report also pointed out that Bezos pays a lower amount of income tax. The report cited ProPublica, a New York City-based non-profit organization that examined Internal Revenue Service data on some of the richest Americans. The data said Bezos did not pay federal taxes in 2007. Even then he was a billionaire. In 2011, when her net worth was $18 billion, she still did not pay federal taxes and received a $4,000 tax credit for her children.
If the intentions are noble and the spirits are high, then success definitely kisses the steps. The biggest example of this is Amazon owner Jeff Bezos. After working in several companies, Bezos opened an online book store, which changed his fortunes.
Amazon started in 1994
In 1994, Bezos started Amazon from a garage. Then he used to sell only old books. After this, its website also came in July 1995. According to Amazon’s report, nearly two years later, by the end of 1997, the company had more than 1.5 million customers in more than 150 countries.
Loss company in initial years
It is known that the company had made losses in the initial few years. The company had incurred a loss of more than Rs 16 lakh in the very first year itself. But later every year only profit was made. According to the annual reports of Amazon, in the year 2019 itself, the company got revenue of Rs 19.63 lakh crore and a profit of more than Rs 81 thousand crores was made.
profit from the year 2005
In 1995, the company had a revenue of Rs 1.64 crore and a loss of Rs 0.96 crore. In 2000, the company had a revenue of Rs 11,868 crore and a loss of Rs 0.96 crore. But in the year 2005, the company made a profit, which kept increasing day by day.
Amazon was not the first name
Jeff did not first think of the name of the company as Amazon. He was so attracted by the name ‘Abra Ka Dabra’, that he wanted to name the company ‘Kadabra’. However, his lawyer refused to do so. After this, he liked the name RELENTLESS, but it did not work out. Then he named it Amazon.
The company works on the principle of customer satisfaction
In the year 2005, the company started Amazon Prime membership, which gave the company new heights. Bezos has always worked on the basic mantra of customer satisfaction, for which the company has also done many experiments. If we talk about the wealth of Jeff Bezos, then in 2018 he became the richest person in the world.
Jeff Bezos could become the world’s first trillionaire by 2026
According to the report of advisory firm Comparisun, while most of the rich have suffered losses due to the lockdown in the Corona crisis, Amazon’s business has increased rapidly. Because of this, Bezos’s wealth has also skyrocketed. After six years i.e. by the year 2026, Bezos’s wealth will increase to one trillion dollars i.e. 1000 billion dollars. This Comparison report has been prepared on the basis of Forbes Top-25 and Most Valued Companies listed on the New York Stock Exchange. The advisory firm has prepared this report keeping in mind the average growth of these companies and individuals in the stock market for the last five years.
Bezos got this honour
In 1999, Jeff Bezos was named ‘Person of the Year’ and ‘The King of Cyber Commerce’ by Time magazine. The special thing is that Bezos was the fourth youth to receive this award at the age of 35.