Net worth: $200 Billion
Introduction to Jeff Bezos’ Net Worth and Key Habits
Jeff Bezos is a famous American, investor, businessperson, and media proprietor. He is the founder, former president, and CEO of Amazon. Bezos is best known for being an outstanding entrepreneur and business leader. Jeffrey Preston Bezos was born on January 12, 1964, in Albuquerque, New Mexico, United States. He went to Princeton University (New Jersey) where he graduated with a degree in electrical engineering and computer science.
Jeff Bezos started his journey as an entrepreneur while in high school by developing the Dream Institute. He also worked in a series of jobs after graduating from the University. However, Bezos quitted from D.E. Shaw and started Amazon in 1994. Since then, Amazon has grown tremendously to become the largest e-commerce platform globally. Other than Amazon, Bezos founded several other companies. The business Mogul has a net worth of approximately $200 billion.
Full Name: Jeffrey Preston Bezos
Source of wealth: Investor, businessperson, media proprietor
Known for: As one of the wealthiest people globally and a renowned entrepreneur
Birth info: January 12, 1964 in Albuquerque, New Mexico, United States
Inspiring Quotes by Jeff Bezos
“A brand for a company is like a reputation for a person. You earn a reputation by trying to do hard things well.”
-Jeff Bezos
“What’s dangerous is not to evolve.”
-Jeff Bezos
“It’s not an experiment if you know it’s going to work.”
-Jeff Bezos
“Life is too short to hang out with people who aren’t resourceful.”
-Jeff Bezos
“If you do build a great experience, customers tell each other about that. Word of mouth is very powerful.”
-Jeff Bezos
“A company shouldn’t get addicted to being shiny, because shiny doesn’t last.”
-Jeff Bezos
“I’m a genetic optimist.”
-Jeff Bezos
“My view is there’s no bad time to innovate.”
-Jeff Bezos
“The vision is to figure out how there can be dynamic entrepreneurialism in space.”
-Jeff Bezos
“The key thing about a book is that you lose yourself in the author’s world.”
-Jeff Bezos
“You don’t want to negotiate the price of simple things you buy every day.”
-Jeff Bezos
“Great industries are never made from single companies. There is room in space for a lot of winners.”
-Jeff Bezos
“If you can’t tolerate critics, don’t do anything new or interesting.”
-Jeff Bezos
“If you don’t understand the details of your business you are going to fail.”
-Jeff Bezos
Habits #1- Strategic thinking
Jeff Bezos credits his success in business to strategic thinking and taking calculated risks. He once said, “If you don’t understand the details of your business you are going to fail.” Thus, Bezos never makes any business decision without analyzing its future effect on his business.
According to Bezos, many entrepreneurs and investors fail to realize their goals because they focus on making profits only. Consequently, they end up making biased business decisions. Bezos does not rush to make business decisions that are not sustainable in the future.
Habits #2- Customer obsession
The secret to success in any business is ensuring customer satisfaction all the time. Jeff Bezos does not compromise customer satisfaction in all his business. Consequently, he receives fewer complaints and his customer base increases tremendously. The renowned entrepreneur once said, “If you do build a great experience, customers tell each other about that. Word of mouth is very powerful.”
No business can thrive without a huge following of trusted customers. That is why Bezos focuses on customer satisfaction in all his businesses, and not just optimizing profits. He believes that happy customers are likely to bring more customers and profits will eventually go up.
Habits #3- Continuous improvement
Personal and business growth requires continuous improvement in all aspects of life so that you can remain relevant and productive. According to Jeff Bezos, every person who wants to excel in business must be highly innovative. He once said, “What’s dangerous is not to evolve.” You have to embrace continuous improvement to be innovative.
Jeff Bezos credits his success in business to continuous improvement in management and operations. For instance, Amazon has evolved over the years to match technological changes and customer preferences. For that reason, Amazon remains the largest e-commerce globally irrespective of having many strong competitors.
Summary of Jeff Bezos’ Key Habits
- Strategic thinking
- Customer obsession
- Continuous improvement
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