Jeff Bezos Net Worth = $116.4 Billion
Jeff Bezos is the richest person in the world. He is very well known as the founder and chief executive officer of eCommerce giant Amazon. Since he was a child he has believed that the future is not on planet earth, which is similar to entrepreneur Elon Musk. He founded Blue Origin, a space exploration venture to solve that problem. His innovative ideas have built a net worth of $116.4 billion.
Bezos worked on Wall Street in the beginning of his career. He became the youngest vice president at D.E. Shaw in 1990. After the rapid growth of the internet, Bezos decided to quit his job and start Amazon.com as an online book store. Amazingly this venture was a huge success and opened never-ending doors for Jeff Bezos. He acquired “The Washington Post” in 2013 and later in 2017 he also acquired whole foods. As the Chief Executive Officer, he made Amazon.com the biggest retailer in the world and added a variety of products in the e-commerce process.
Source of Wealth
Quotes - Jeff Bezos Net Worth and Key Habits
“If you do build a great experience, customers tell each other about that. Word of mouth is very powerful”– Jeff Bezos
“We expect all our businesses to have a positive impact on our top and bottom lines. Profitability is very important to us or we wouldn't be in this business” – Jeff Bezos
“A brand for a company is like a reputation for a person. You earn reputation by trying to do hard things well” – Jeff Bezos
“If you double the number of experiments you do per year you’re going to double your inventiveness.” – Jeff Bezos
“There are two kinds of companies, those that work to try to charge more and those that work to charge less. We will be the second” – Jeff Bezos
Jeff Bezos Net Worth and Key Habits
Habit #1 - Focus On The Long-Run
Amazon has survived since 1994 because Jeff Bezos only cares about the long-term game. He does not get distracted with short-term issues like stock prices or people complaining about small stuff. he has such a massive vision for his life and company that he stick to that vision at all costs. His thinking has been so massive that he has taken the company to greater heights than anyone would have imagined.
Too many people worry about what is happening in this moment. All of the great rewards in life come from, having a long-term focus. You need to show up and do the work day in and out over a long period of time. Nothing comes easy or quickly that you want to have. When you make bad choices in life its usually because you're too focused on short-term benefits.
Habit #2 - Pay Attention to Customer Satisfaction
Jeff Bezos makes the entire company focus on customer satisfaction. The reason that Amazon has grown so much despite taking over the world is because of the fact that Jeff Bezos only cares about the customers. He knows that there will never be a time in history when customers want worse customer service. He is always trying to improve the customer experience in a way that can be scaled. He has created one of the best customer focused businesses in the world.
When you run a business, the only thing you should care about is the people who give you money. Listen to them and their needs as much as possible. Don't put your needs and wants or the shareholders needs over the customers because the customers decide if you're successful or not. Its easy to say but its really hard to do.
Habit #3 - Be Ambitious
Jeff Bezos left a job on Wall Street to start Amazon which shows he was already very ambitious. As he has become a millionaire, billionaire and then the richest man in the world, its been amazing to see that he has stayed just as hungry the whole time. Most people start making money and then they begin to enjoy it and lose all the ambition that made them money in the first place. Jeff Bezos has not lost touch with his original vision for the company. When you think Amazon can't get any larger, it finds a way to do just that.
You have to be hungry. He is the richest man in the world and yet he is hungrier than most broke people. Its sad but you should be inspired by Jeff Bezos, not because of the money, but to start chasing after something for the long haul. To have a vision and actually see it through until you get to your destination.