Amazon CEO Jeff Bezos had his few hours as the world’s richest man on Thursday, surpassing Microsoft co-founder Bill Gates.

The company also recently announced plans to acquire US grocer Whole Foods, which could help Amazon expand in that sector. (Source: Reuters)

Bezos got the title as his Amazon stock hit all-time high, just hours before the company was to announce its second quarter results. Bezos’ net worth was about $90.6 billion when the market opened Thursday. Gates had $90.1 billion.

However, Bezos lost the position soon after Amazon’s results as the company Amazon reported 77% decline in quarterly profit on heavy spending. Here are some interesting facts about who took Bill Gates’ crown…

Forbes magazine said its real-time tracking of personal fortunes showed Bezos with a net worth of $90.5 billion, ahead of the $90 billion for Gates early on Friday. (Source: Reuters)

Here are some interesting facts about the new guy on the top:

First job was at a startup

Jeff Bezos got his first job at Fitel, a startup telecom company. After that, he worked at some other places like Bankers Trust and DE Shaw before being himself bitten by startup bug and went on creating Amazon.

Came up with the idea of starting Amazon on way from New York to Seattle

Jeff Bezos is said to have come up with the idea of starting Amazon.com while he was driving down from New York to Seattle.

‘Hates’ PowerPoint presentations

Jeff Bezos appears to ‘hate’ PowerPoint presentations. As he has reportedly banned the same at Amazon. Instead, employees are asked to present six-page papers on their proposals. This is said to be aimed at encouraging critical thinking among Amazon employees.

Has been a regular on the list of 100 Best Performing CEOs

Amazon CEO has not only been a regular on the annual ‘rich list’ released by various publications, but also on Harvard Business Review’s list of 100 Best Performing CEOs.

Has a ‘Two Pizza Rule’

Jeff Bezos is said to have ‘Two Pizza Rule’ which he feels is necessary to have a successful business venture. According to the rule, the team should only comprise the number of people enough to finish two pizzas. Bezos believes that smaller teams work more efficiently.

Loves reading

Jeff Bezos loves to read. He is also said to even encourages his employees to pick up the same habit.

Is a space nerd

One of the biggest passions of Jeff Bezos is space travel. He was the valedictorian in high school, and during a speech he described “his dream of saving humanity by creating permanent colonies in orbiting space stations while turning the planet into an enormous nature preserve.” He is the founder of aerospace company Blue Origin whose one aim is believed to be to make space tourism affordable. In October 2016, Bezos said that the company was on track to make its first human test flights by the end of 2017.

Owns The Washington Post

Jeff Bezos bought the Washington Post for $250 million in the year 2013. The CEO of Amazon is said to be not involved in the editorial direction of the newspaper. But since he bought the newspaper, The Post is said to have got a digital push.

Almost lost his life in 2003

Jeff Bezos was reportedly involved in a fatal helicopter crash that gave him minor head lacerations in the year 2003. He is said to have almost stopped using helicopters since then.

 

Source: Speaking Dots

 

Tags: Jeff Bezos, Bill Gates, Amazon, Richest man, Amazon CEO, Interesting things about Jef Bezos

https://thebeepingbell.com/wp-content/uploads/2017/07/jeff-e1501231562205.jpghttps://thebeepingbell.com/wp-content/uploads/2017/07/jeff-150x150.jpgRajat PandeyE-CommerceInternationalNewsAmazon CEO Jeff Bezos had his few hours as the world’s richest man on Thursday, surpassing Microsoft co-founder Bill Gates. Bezos got the title as his Amazon stock hit all-time high, just hours before the company was to announce its second quarter results. Bezos’ net worth was about $90.6 billion...Sky is the limit !!