Jeff Bezos and his beginnings: how did a boy from a poor family become one of the richest people in the world?

01/05/2022

Jeff Bezos has become perhaps the most famous man on the planet over the past few years, not only because of his company Amazon, but also because of his label as one of the richest people in the world. For several years now, he has been battling for the top spot with the equally famous Elon Musk, who ranks among his biggest rivals. How did Jeff Bezos get his wealth and his successful career?

Not even Jeff Bezos had an easy childhood

With most successful entrepreneurs, we can read that their parents prepared the necessary ground for their business or at least lent them money to get started. Jeff Bezos, however, is an exception in every respect.

In the 1960s, he was born into a poor family that often struggled to make ends meet on a tight family budget. His childhood was therefore not the easiest, but at least he had the consolation of his studies, which took him to the prestigious Princeton University.

Promising beginnings on Wall Street

Although he studied electrical engineering and engineering, he eventually decided on a completely different career. He went straight to Wall Street after graduation, where he managed to become a successful investor and employee in an investment company. Even then, however, he was increasingly having ideas about his own business, which eventually prevailed.


The beginning of marketplaces and the founding of Amazon

After leaving the financial markets, he decided to start his own business in the form of his first online bookstore. Not long after, he founded Amazon, specifically in 1994. Unbeknownst to Jeff Bezos, he laid the foundations for all of today's marketplaces, which currently sell virtually everything from food to electronics.

In the beginning, no one trusted Amazon much and most analysts considered it more of a fast startup that would soon go out of business. But they were wrong, and in 1997 the first Amazon shares were floated on the stock exchange. A few years later, the company included e-books in its offerings, which became a literal hit, and gradually hundreds more products from sellers around the world began to be added.