2. Jeffrey Preston Bezos
FOUNDER, EXECUTIVE CHAIRMAN, AND
FORMER PRESIDENT AND CEO OF
AMAZON.
In 1993, Bezos quit D E Shaw to establish an online
bookstore by taking financial help from his parents
and other investors. Amazon, which took shape in
his garage, was initially named Cadabra but
renamed later. Within two months, Amazon’s sales
reached $20,000 a week, growing faster than Jeff
Bezos had envisioned. Amazon.com went public
with an initial public offering (IPO) in 1997. By 1998,
the online bookstore expanded to other products,
notably CDs and videos in 1998, and clothes,
electronics, toys and more through major retail
partnerships later. While many dot.coms failed in the
90s, Amazon flourished.
3. START OF AMAZON
In 2003, Amazon formed A9, a commercial search engine focusing on e-commerce web sites. He also
launched an online sporting goods store that offered up to 3,000 different brands.
The year 2007 saw Amazon introduce a handheld electronic reading device, the Kindle, which uses E-
Ink to render text with adjustable font size to enhance ease of reading.
In 2010, Amazon signed a deal with The Wylie Agency who gave Amazon the digital rights to works of
authors. Publishers were bypassed, and felt angered. However, readership and sales increased, thereby
benefitting authors.
Competing with Apple iPad, Bezos introduced Kindle Fire, a color touch screen mini tablet computer.
With Kindle Paperwhite, Amazon gave e-readers comfort and convenience with illuminated
touchscreens that enabled reading in the dark.
He launched Amazon Studios apart from Amazon Local, LivingSocial and Amazon Web Services.
Amazon plans to present the television programs through an online video service.
On August 5, 2013, he purchased The Washington Post and other publications affiliated with The
Washington Post Co., for $250 million cash marking the end of the four-generations of reign by the
Graham family.
4. Companies Owned by Jeff bezos
ABEBOOKS.COM,
AUDIBLE,
COMIXOLOGY,
FABRIC.COM,
IMDB,
PILLPACK,
SHOPBOP,
SOUQ.COM,
TWITCH,
WHOLE FOODS MARKET,
WOOT!
ZAPPOS.