Early career After Bezos graduated from college in 1986, he was offered jobs at
Intel,
Bell Labs, and
Andersen Consulting, among others. He first worked at Fitel, a
fintech telecommunications
start-up, where he was tasked with building a network for
international trade. Bezos was promoted to head of development and director of customer service. He transitioned into the banking industry when he became a product manager at
Bankers Trust from 1988 to 1990. From 1990 to 1994, he worked at
D. E. Shaw & Co, a newly created
hedge fund with a strong emphasis on mathematical modelling. Bezos became D. E. Shaw's fourth senior vice-president by age 30. He and his then-wife,
MacKenzie Scott, left their jobs at D. E. Shaw and founded Amazon in a rented garage in
Bellevue, Washington on July 5, 1994, after writing its
business plan on a cross-country drive from New York City to
Seattle. With Bezos at the helm and Scott taking an integral role in its operation—writing checks, keeping track of the books, and negotiating the company's first freight contracts—the foundation was laid for this garage-run operation. Prior to settling in Seattle, Bezos had investigated setting up his company at an
Indian reservation near
San Francisco in order to avoid paying taxes. Bezos initially named his new company
Cadabra but later changed the name to
Amazon after the
Amazon River in South America, in part because the name begins with the letter
A, which is at the beginning of the alphabet. At the time, website listings were alphabetized, so a name starting with "A" would appear sooner when customers conducted online searches. In addition, he regarded "Amazon," the name of the world's largest river as fitting for what he hoped would become the world's largest online bookstore. He warned many early investors that there was a 70% chance that Amazon would fail or go bankrupt. Although Amazon was originally an online bookstore, Bezos had always planned to expand to other products. In response to critical reports from
Fortune and ''
Barron's'', Bezos maintained that the growth of the Internet would overtake competition from larger book retailers such as
Borders and
Barnes & Noble. However, the company continued to expand despite its losses, In November 2007, Bezos launched the
Amazon Kindle. According to a 2008
Time profile, Bezos wished to create a device that allowed a "
flow state" in reading similar to the experience of video games. In 2013, Bezos secured a $600-million contract () with the
Central Intelligence Agency (CIA) on behalf of Amazon Web Services. In October of that year, Amazon was recognized as the largest online shopping retailer in the world. In May 2016, Bezos sold slightly more than one million shares of his holdings in the company for $671 million (), the largest sum he had ever raised from selling some of his Amazon stock. On August 4, 2016, Bezos sold another million of his shares for $756.7 million (). A year later, Bezos took on 130,000 new employees when he ramped up hiring at company distribution centers. By January 19, 2018, his Amazon stock holdings had appreciated to slightly over $109 billion (); months later he began to sell stock to raise cash for other enterprises, in particular,
Blue Origin. On January 29, 2018, he was featured in Amazon's
Super Bowl commercial. On February 1, 2018, Amazon reported its highest ever profit with quarterly
earnings of $2 billion (). Due to the growth of
Alibaba in China, Bezos has often expressed interest in expanding Amazon into
India. On July 27, 2017, Bezos momentarily became the
world's wealthiest person over
Microsoft co-founder
Bill Gates when his estimated
net worth increased to just over $90 billion (). His wealth surpassed $100 billion for the first time on November 24, 2017 (), and he was formally designated the wealthiest person in the world by
Forbes on March 6, 2018, with a net worth of $112 billion (). medal on June 14, 2016, for his work with Amazon. In March 2018, Bezos dispatched Amit Agarwal, Amazon's global senior vice president, to India with $5.5 billion () to localize operations throughout the company's
supply chain routes. Later in the month, U.S. President Donald Trump accused Amazon and Bezos, specifically, of
sales tax avoidance, misusing
postal routes, and
anti-competitive business practices. Amazon's share price fell by 9% in response to the President's negative comments; this reduced Bezos's personal wealth by $10.7 billion (). Weeks later, Bezos recouped his losses when academic reports out of
Stanford University indicated that Trump could do little to regulate Amazon in any meaningful way. During July 2018, a number of members of the U.S. Congress called on Bezos to detail the applications of Amazon's
face recognition software,
Rekognition. . Criticism of Amazon's business practices continued in September 2018 when Senator
Bernie Sanders introduced the Stop Bad Employers by Zeroing Out Subsidies (Stop BEZOS) Act and accused Amazon of receiving
corporate welfare. This followed revelations by the non-profit group New Food Economy which found that one third of Amazon workers in
Arizona, and one tenth of Amazon workers in
Pennsylvania and
Ohio, relied on food stamps. While preparing to introduce the bill, Sanders opined: "Instead of attempting to explore Mars or go to the moon, how about Jeff Bezos pays his workers a living wage?" He later said: "Bezos could play a profound role. If he said today, nobody who is employed at Amazon will receive less than a living wage, it would send a message to every corporation in America." Sanders's efforts elicited a response from Amazon which pointed to the 130,000 jobs it created in 2017 and called the $28,446 figure () for its median salary "misleading" as it included part-time workers. However, Sanders countered that the companies targeted by his proposal have placed an increased focus on part-time workers to escape benefit obligations. On October 2, 2018, Bezos announced a company-wide wage increase, which Sanders applauded. The American workers who were being paid the minimum wage had this increased to $15 per hour (), a decision that was interpreted as support for the
Fight for $15 movement. In February 2021, Bezos announced that in the
third quarter of 2021 he would step down from his role as CEO of Amazon to become the Executive Chairman of the Amazon Board. He was succeeded as CEO by
Andy Jassy. On February 2, 2021, Bezos sent an email to all Amazon employees, telling them the transition would give him "the time and energy [he] need[s] to focus on the Day 1 Fund, the
Bezos Earth Fund,
Blue Origin,
The Washington Post, and [his] other passions." In February 2024, Bezos sold 24 million shares in Amazon at a total value of $4 billion. Bezos announced that he intended to sell 50 million shares in Amazon over the next year. During an interview at the
DealBook Summit in December 2024, Bezos said that he was dedicating 95% of his time to artificial intelligence initiatives at Amazon.
Blue Origin (fifth from left) giving NASA Deputy Administrator
Lori Garver (fourth from left) a tour of Blue Origin's crew capsule in 2011 meets with Bezos in 2016 at
The Pentagon. In September 2000, Bezos founded Blue Origin, a
human spaceflight startup. Bezos has long expressed an interest in space travel and the development of human life in the Solar System.
Rob Meyerson led Blue Origin from 2003 to 2017 and served as its first president. After its founding, Blue Origin maintained a low profile until 2006 when it purchased a large tract of land in
West Texas for a launch and test facility. After the company gained the public's attention during the late 2000s, Bezos additionally indicated his interest in reducing the
cost of space travel for humans while also increasing the safety of extraterrestrial travel. In September 2011, one of the company's uncrewed prototype vehicles crashed during a short-hop test flight. Although the crash was viewed as a setback, news outlets noted how far the company went from its founding-to-date in advancing
spaceflight. After the crash, Bezos has been superstitiously wearing his "lucky" Texas
Cowboy boots to all rocket launches. In May 2013, Bezos met with
Richard Branson, chairman of
Virgin Galactic, to discuss commercial spaceflight opportunities and strategies. He has been compared to Branson and Elon Musk as all three are billionaires who prioritize spaceflight among their business interests. In 2015, Bezos announced that a new
orbital launch vehicle was under development and would make its first flight in the late-2010s. Later in November, Blue Origin's
New Shepard space vehicle successfully rocketed into space and reached its planned test altitude of 329,839 feet (100.5 kilometers) before executing a
vertical landing back at the launch site in West Texas. In 2016, Bezos allowed select journalists to visit, tour, and photograph his facility. He has repeatedly called for increased inter-space energy and industrial manufacturing to decrease the negative costs associated with
business-related pollution. In December 2017, New Shepard successfully flew and landed
dummy passengers, amending and pushing its human space travel start date into late 2018. To execute this program, Blue Origin built six of the vehicles to support all phases of testing and operations: no-passenger test flights, flights with test passengers, and commercial-passenger weekly operations. Since 2016, Bezos has spoken more freely about his hopes to
colonize the solar system, and has been selling $1 billion in Amazon stock each year to capitalize Blue Origin in an effort to support this endeavor. In May 2018, Bezos maintained that the primary goal of Blue Origin is to preserve the
natural resources of Earth by making the human species
multi-planetary. He announced that
New Shepard would begin transporting humans into
sub-orbital space by November 2018.
Spaceflight On July 20, 2021, he launched on the
NS-16 mission with his half-brother Mark Bezos,
Wally Funk, and
Oliver Daemen. He launched nine days after
Richard Branson launched on board the
Virgin Galactic Unity 22 mission. Bezos's
suborbital flight lasted over 10 minutes, reaching a peak altitude of .
The Washington Post On August 5, 2013, Bezos announced his purchase of
The Washington Post for $250 million in cash (), at the suggestion of his friend,
Don Graham. To execute the purchase, he established
limited liability company Nash Holdings to serve as a
holding company through which he would own the newspaper. The sale closed on October 1, 2013, and Nash Holdings took control. In March 2014, Bezos made his first significant change at
The Washington Post and lifted the online paywall for subscribers of a number of U.S. local newspapers in
Texas, Hawaii, and
Minnesota. In January 2016, Bezos set out to reinvent the newspaper as a media and technology company by reconstructing its digital media, mobile platforms, and analytics software. After a surge in online readership in 2016, the paper was profitable for the first time since Bezos made the purchase in 2013. However, Bezos' ownership of the
Post has been subject to scrutiny and
criticism regarding his treatment of employees He was one of the first
shareholders in Google, when he invested $250,000 in 1998 (). That $250,000 investment resulted in 3.3 million shares of Google stock, worth about $3.1 billion in 2017 (). He also invested in
Unity Biotechnology, a life-extension research firm hoping to slow or stop the process of aging. Bezos is involved in the healthcare sector, which includes investments in Unity Biotechnology,
GRAIL,
Juno Therapeutics, and
Zocdoc. In January 2018, an announcement was made concerning Bezos's role within a new, unnamed healthcare company. This venture, later named
Haven, is expected to be a partnership between Amazon,
JPMorgan, and
Berkshire Hathaway. Bezos also supports philanthropic efforts through direct donations and non-profit projects funded by Bezos Expeditions. Bezos used Bezos Expeditions to fund several philanthropic projects, including an Innovation center at the Seattle Museum of History and Industry and the Bezos Center for Neural Circuit Dynamics at
Princeton Neuroscience Institute. In 2013, Bezos Expeditions funded the recovery of two
Saturn V first-stage
Rocketdyne F-1 engines from the floor of the Atlantic Ocean. They were positively identified as belonging to the
Apollo 11 mission's
S-1C stage from July 1969. The engines are currently on display at the
Seattle Museum of Flight.
Altos Labs In September 2021, Bezos co-founded Altos Labs with
Mail.ru founder
Yuri Milner. Altos Labs is a well-funded biotechnology company dedicated to harnessing
cellular reprogramming to develop
longevity therapeutics. The company has recruited prominent scientists such as
Juan Carlos Izpisúa Belmonte (known for work on rejuvenation through reprogramming),
Steve Horvath (known for work in
epigenetic aging clocks), and
Shinya Yamanaka (the
Nobel Prize-winning inventor of cellular reprogramming in mammalian cells).
Project Prometheus In November 2025, Bezos announced that he co-founded
Project Prometheus with former Google executive
Vik Bajaj. The company will focus on the use of artificial intelligence in engineering and the manufacturing of computers, spacecraft, and automobiles. == Public image ==