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"The Philanthropic Powerhouse: Inside Jeff Bezos' Amazon Foundation and Extravagant Lifestyle"

The Jeff Bezos' Amazon Foundation and Extravagant Lifestyle

By Naresh KumarPublished about a year ago 4 min read
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Jeffrey Preston Bezos (/ˈbeɪzoʊs/ BAY-zohss; né Jorgensen; born January 12, 1964) is an American entrepreneur, media proprietor, investor, and commercial astronaut. He is the founder, executive chairman, and former president and CEO of Amazon. With a net worth of US$128 billion as of February 2023, Bezos is the third-wealthiest person in the world and was the wealthiest from 2017 to 2021 according to both Bloomberg's Billionaires Index and Forbes.

Jeffrey Preston Jorgensen, known as Jeff Bezos, was born on January 12, 1964 (age 59) in Albuquerque, New Mexico, USA. He graduated from Princeton University with a Bachelor of Science in Engineering (BSE) degree. Bezos is an entrepreneur, media proprietor, investor, and computer engineer, and has been active in these fields since 1986.

Bezos is best known as the founder and executive chairman of Amazon, one of the world's largest online retailers. He also founded Blue Origin, a space exploration company, and Bezos Expeditions, a venture capital firm. Bezos has been recognized for his business acumen and leadership, and has been named one of Time Magazine's "100 Most Influential People in the World."

Born in Albuquerque and raised in Houston and Miami, Bezos graduated from Princeton University in 1986. He holds a degree in electrical engineering and computer science. He worked on Wall Street in a variety of related fields from 1986 to early 1994. Bezos founded Amazon in late 1994 on a road trip from New York City to Seattle. The company began as an online bookstore and has since expanded to a variety of other e-commerce products and services, including video and audio streaming, cloud computing, and artificial intelligence. It is the world's largest online sales company, the largest Internet company by revenue, and the largest provider of virtual assistants and cloud infrastructure services through its Amazon Web Services branch.

Bezos founded the aerospace manufacturer and sub-orbital spaceflight services company Blue Origin in 2000. Blue Origin's New Shepard vehicle reached space in 2015 and afterwards successfully landed back on Earth; he flew into space on Blue Origin NS-16 in 2021. He also purchased the major American newspaper The Washington Post in 2013 for $250 million and manages many other investments through his venture capital firm, Bezos Expeditions. In September 2021, Bezos co-founded biotechnology company Altos Labs with Mail.ru founder Yuri Milner.

The first centibillionaire on the Forbes wealth index, Bezos was named the "richest man in modern history" after his net worth increased to $150 billion in July 2018. In August 2020, according to Forbes, he had a net worth exceeding $200 billion. In 2020 during the COVID-19 pandemic, his wealth grew by approximately $24 billion. On July 5, 2021, Bezos stepped down as the CEO and President of Amazon and transferred to the role of executive chairman; Andy Jassy, the chief of Amazon's cloud computing division, succeeded Bezos as the CEO and President of Amazon. On July 20, 2021, he flew to space alongside his half-brother, Mark. The suborbital flight lasted over 10 minutes, reaching a peak altitude of 66.5 miles (107.0 km). In September 2022, he was ranked second on the Forbes 400 list of wealthiest Americans with a net worth of $151 billion.

Early life:

Jeffrey Preston Jorgensen was born in Albuquerque, New Mexico, on January 12, 1964, the son of Jacklyn (née Gise) and Theodore Jørgensen. At the time of Jeff's birth, his mother was a 17-year-old high-school student and his father was 19 years old. Jørgensen was a Danish American and was born in Chicago to a family of Baptists. After completing high school despite challenging conditions, Jacklyn attended night school while bringing Jeff along as a baby. Jeff attended a Montessori school in Albuquerque, New Mexico, when he was two years old. After his parents divorced, his mother married Cuban immigrant Miguel "Mike" Bezos in April 1968. Shortly after the wedding, Mike adopted four-year-old Jeff whose surname was then legally changed from Jorgensen to Bezos.

After Mike had received his degree from the University of New Mexico, the family moved to Houston, Texas, so that he could begin working as an engineer for Exxon. Jeff attended River Oaks Elementary School in Houston from fourth to sixth grade. Jeff's maternal grandfather was Lawrence Preston Gise, a regional director of the U.S. Atomic Energy Commission (AEC) in Albuquerque. Lawrence retired early to his family's ranch near Cotulla, Texas, where Jeff would spend many summers in his youth. Jeff would later purchase this ranch and expand it from 25,000 acres (10,117 ha) to 300,000 acres (121,406 ha). Jeff displayed scientific interests and technological proficiency and once rigged an electric alarm to keep his younger siblings out of his room. The family moved to Miami, Florida, where Jeff attended Miami Palmetto High School. While Jeff was in high school, he worked at McDonald's as a short-order line cook during the breakfast shift.

Bezos attended the Student Science Training Program at the University of Florida. He was high school valedictorian, a National Merit Scholar, and a Silver Knight Award winner in 1982. In his graduation speech, Bezos told the audience he dreamed of the day when mankind would colonize space. A local newspaper quoted his intention "to get all people off the earth and see it turned into a huge national park". In 1986, he graduated summa cum laude from Princeton University with a 4.2 GPA and a Bachelor of Science in Engineering degree (B.S.E.) in electrical engineering and computer science; he was also a member of Phi Beta Kappa. While at Princeton, Bezos was a member of the Quadrangle Club, one of Princeton's 11 eating clubs. In addition, he was elected to Tau Beta Pi and was the president of the Princeton chapter of the Students for the Exploration and Development of Space (SEDS).

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