The Richest Person Alive Owns the Most Valuable Company in the World
If there is a person who can peacefully lie down in bed even for a year and won’t starve to death, that is Jeff Bezos. As of June 2019, the American technology entrepreneur has a net worth of $156 billion, making him the richest person alive.
Jeff Bezos and Amazon’s Success
However, Amazon’s chief executive officer doesn’t have a plan to take a day off anytime soon, especially now that his company became the most valuable in the world. The start of 2019 was bright for the e-commerce giant as it took back the title from its number one competitor, Microsoft. Thanks to the crazy shopping spree last Christmas holiday, Jeff Bezos generated almost $28 billion worth of Amazon shares.
Being the planet’s biggest e-commerce marketplace and largest internet firm in terms of revenue, investors have a lot of expectations from Amazon. Founded by Jeff Bezos way back on July 5, 1994, the 25-year-old business used to sell books before it broadens its merchandise with electronics, apparel, and all kinds of stuff.
Founding Amazon was a big risk for Bezos. One day, he decided to quit his job as the senior vice-president of D.E. Shaw to start his own company in his garage. With the support of his former wife MacKenzie Tuttle, the two took the less traveled road and drove all the way from New York to Seattle as a jobless couple, and the rest is history.
A lot of inventors have been closely watching its earnings report to see if it stays on top of the race. So far, Amazon is worth $315.5 billion and remains number one on the global ranking of the most valuable brands as of the half of 2019. Apple surpassed Google on the second spot with a $5 million advantage.
The Big Four
Amazon belongs to the Big Four technology firms alongside Google, Apple, and Facebook. The four companies have been dominating the World Wide Web since the start of the twenty-first century. They are in a tight completion of innovative developments and sociocultural evolution. But most importantly, they are the ones generating billions of revenue in the market.
Only time can tell whether Amazon remains the world’s leading brand of e-commerce or not. As per its owner, he continues to strive to elevate his success by consistently working hard and smart.
He also pursues other business ventures such as the human spaceflight start-up company, Blue Origin, that he founded in 2000. It focuses on technological research concerning the development of human life in the rest of the unknown universe. Perhaps, this can make him the richest person in the whole universe.
More in business management
Warren Buffet Shares His Best Advice on Becoming an Effective Leader and Successful Businessman
Warren Buffet is one of the most successful people in the world of business and in life in general. That’s why...January 9, 2020
This Travel Expert Has a Secret Formula for Finding the Best Luxury Hotel for Your Next Holiday
These days, one can make a career out of literally anything. For one Philippe Kjellgren, traveling is a full-time job. He’s...January 7, 2020
These Money-Managing Apps Will Help You Save Up This Year
Saving and managing money has always been a struggle, it is that moment that you would realize how difficult it is...January 6, 2020
5 Things Every Self-Employed Worker Should Do to Secure His Future
According to statistics, more and more people are ditching the traditional 9-to-5 jobs to work for themselves. An estimated 4.8 million...January 6, 2020
Majority Of Americans Lack Financial Management Skills, Research Shows
The world over admires Americans for their self-confidence and infrastructural development. However, Americans are not perfect beings without flaws, and one...January 5, 2020
These Are The Newest Must-Have Gadgets You Need
If you are a fan of the latest devices which were introduced in the market you certainly will have a list...January 5, 2020
Experts Say Millennials Will Be The Richest Generation In History
Experts believe that the millennial generation is literally taking over the world, and they also think that they will be the...January 4, 2020
Students Are The Best People To Benefit From Amazon’s Textbook Rentals
The biggest online retail store in the history of the world has got to be Amazon, it is literally taking over...January 4, 2020
All the Details that You Need to Know About Steve Martin’s Beverly Hills Estate that He Listed for $2.149 Million
The award-winning banjo player Steve Martin is selling one of his beloved homes in Beverly Hills, California for $2.149 million. He...January 4, 2020