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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Wow.. Jeff Bezos,a businessman with a difference. He has successfully taken Amazon from the bottom to the top. Quite unfortunate for Bill Gate.you gonna make it in steemit @bania.
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Thanks @bania. Yep, it's hard to believe Bezos overcame Gates. Well, maybe not that hard.
I do remember back in early 2000 how Investors were putting money in Amazon even though it could never manage a Profit. For years it couldn't
Things sure have changed.
Thanks for the post
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Yeah, Jeff has over time prove to be smart with a good leadership skill that led amazon to success. Business men like him are rare to come by.
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Thanks for your motivational post.We can take out a lot of update information from your post.That's why we increase our steemit knowledge.
Carry on brother I expect you will be succeed.
Wait for your upcoming post.
Thanks @bania.
@Resteem,upvote & follow has been done.
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Thanks @hhumaira for those nice words and wonderful contribution
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Jeff's story is awesome. Going from zero to super hero..
Also gotta love the pictures comparing to when he started and where he is now. The transformation is unreal and he looks like a badass now.
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Yeah man, Jeff has really been transformed over time from the ordinary entrepreneur into one of the greatest men of this generation.
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This a huge motivation really, and what this simply teach is the fact that anybody can be dethrone and be overtaken. There is space for everyone in the sky to fly and shine man! Thanks for sharing this with the steemit community.
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