The News Journal

Jeffrey Preston Bezos, better known as Jeff Bezos, is the founder and former chief executive officer of e-commerce giant Amazon. He is an entrepreneur, investor and media proprietor. His lucrative ventures have made him one of the richest people in the world, and Bezos has been named the "richest man in modern history" on the Forbes wealth index.  JEFF BEZOS Early career of Jeff Bezos After graduating from Princeton University, Jeff Bezos started a job at a fintech telecommunications start-up, Fitel. Within months, he was promoted as the director of customer service. He shifted to the banking industry and later joined D E Shaw & Co, a newly founded hedge fund. At the age of 30, he was appointed D E Shaw's senior vice-president. Jeff Bezos as an internet entrepreneur In 1993, Bezos quit D E Shaw to establish an online bookstore by taking financial help from his parents and other investors. Amazon, which took shape in his garage, was initially named Cadabra but renamed ...

Amazon founder Jeff Bezos slipped to third place in the Forbes' Real-Time Billionaires List with his net worth dropping to $150.1 billion driven by a rout in Amazon shares. The billionaire saw $20.5bn of his wealth melt away after the e-commerce company's results left investors disappointed, helping fuel the worst month for technology stocks in years. This placed Bernard Arnault, chairman of French luxury group LVMH, in second place with a personal fortune of $157.7bn, according to Forbes . In contrast to the Forbes' list, the Bloomberg Billionaires Index named Mr Bezos the world's second richest person with a net worth of $148bn. At his peak this year, the Amazon founder enjoyed a net worth of more than $210bn. Amazon shares were down 14 per cent on Friday after it reported its first quarterly loss in seven years and the slowest sales growth since 2001 as the largest online retailer struggles to build off the major gains it made early in the pandemic. The company has...