When did Jeff Bezos become a billionaire?

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asked Feb 16, 2022 in Employment & Careers by eacelittle (1,480 points)
When did Jeff Bezos become a billionaire?
commented Feb 18, 2022 by cryptobuyclub (100 points)
It was in the year 1999, with a 10.1 billion USD as his worth.

1 Answer

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answered Feb 22, 2022 by hippomine (1,870 points)
Jeff Bezos became a billionaire in 1999.

Jeff Bezos first became a millionaire in 1997 after raising $54 million through Amazon's initial public offering (IPO).

He was first included on the Forbes World's Billionaires list in 1999 with a registered net worth of $10.1 billion.

An Amazon founder and CEO who became a self-made billionaire at 35 in 1999 when his Amazon shares were worth millions of dollars.

Amazon initially started out as a small online business operated by Jeff Bezos from his home selling books and then later it become a big business.

Amazon is an American multinational technology company which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence.

It has been referred to as "one of the most influential economic and cultural forces in the world", and is one of the world's most valuable brands.

It is one of the Big Five American information technology companies, alongside Alphabet, Apple, Meta, and Microsoft.

Amazon was founded by Jeff Bezos from his garage in Bellevue, Washington, on July 5, 1994.

Initially an online marketplace for books, Amazon.com has expanded into a multitude of product categories: a strategy that has earned it the moniker The Everything Store.

It has multiple subsidiaries including Amazon Web Services (cloud computing), Zoox (autonomous vehicles), Kuiper Systems (satellite Internet), Amazon Lab126 (computer hardware R&D).

Its other subsidiaries include Ring, Twitch, IMDb, and Whole Foods Market.

Its acquisition of Whole Foods in August 2017 for US$13.4 billion substantially increased its footprint as a physical retailer.

Amazon has earned a reputation as a disruptor of well-established industries through technological innovation and mass scale.

As of 2021, it is the world's largest Internet company, online marketplace, AI assistant provider, cloud computing platform, and live-streaming service as measured by revenue and market share.

In 2021, it surpassed Walmart as the world's largest retailer outside of China, driven in large part by its paid subscription plan, Amazon Prime, which has over 200 million subscribers worldwide.

It is the second-largest private employer in the United States.

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