How much is Jeff Bezos worth ?
Jeff Bezos net worth over time
Today, I will share with you about Jeff Bezos. Many people have talked about Jeff Bezos. Jeff Bezos has become the richest man on earth today. What did I say about the first centi-billionaire? What is a centi-billionaire? A centi-billionaire who has hit a century of billionaires? He is more than 100. See, the one who crossed the 100 mark means 112 billion dollars.
Personal net worth number two is Bill Gates with 90 billion dollars. Buffett with 84 billion dollars. Bernard Arnold with 72 billion dollars. At number five is Mark Zuckerberg with 71 billion dollars. Jeff Bezos has such a huge personal net worth.
That means if you add the GDP of 125 countries, big and small, Jeff Bezos alone has a personal net worth more than that. How does a man so intelligent earn so much money by starting a business from a garage on the ground?
10-things
I will tell you 10 things from the life of Jeff Bezos that lifted him from the ground. So he made him the undisputed champion. It made him a rich man; there must be some such strategy, mindset, or thought process.
Actually, Jeff Bezos kept on building good products timely, kept on buying new companies, and kept on investing his personal money in some companies. Due to which his net worth also kept on increasing. Some of the companies in which he invested money are Google, Grocery.com, and Wine.com.
Some of the companies in which he invested money in are Whole Foods, Audible, and Zaps. IMDB, Washington Post, this newspaper is the most popular in the US and on Goodreads. While doing all this, Amazon is a $2763 billion company and, in terms of capitalization and valuation, the number one company on earth. This is the reason that this Apple system got pregnant soon.
Some of the companies in which he invested money in are Whole Foods, Audible, and Zaps. IMDB, Washington Post, this newspaper is the most popular in the US and on Goodreads. While doing all this, Amazon is a $2763 billion company and, in terms of capitalization and valuation, the number one company on earth. This is the reason that this Apple system got pregnant soon.
Early Life
Then he was born, and after birth, from the very beginning, he started studying very quickly. And at a very young age, he reached the position of vice president in a merchant banking company in the early 90s. When he thought that the boom of the company was going to come. The boom of the internet was going to come, the era was going to change, and this banking would continue.
I will come again, but if the internet boom slips out of my hands today, I will not be able to catch it later. That was the time when he resigned from the job of vice president and started his company, which he named Amazon2. He released his IPO in a popular river of America, Amazon2.
Its IPO did not survive very well in the beginning; it did not last very long. He kept facing the initial problems and struggles. This was the only, or we can say one of the very few, such companies that bore the crisis of 2000 and overcame it. Along with this, while simplifying online transactions, he kept adding new product lines and took a new jump.
How is Bezos different from others?
I will quickly share with you 10 things that made Jeff Bezos different from the world. What is the first point? The customer is the king, and I am the servant. Come on one more time; what do you say? The customer is the king, and I am his subject and I am his servant. And He treats the customer like royalty. He advises on royal decorum. Just like this.
Think and keep two things in mind. What is the biggest mistake of the customer? Do you pay equal attention to both these things—what the customer likes very much and what the customer does not like very much? Listen one more time to what the customer likes very much and what the customer does not like very much.
People pay little attention to what they like very much. And many times they miss the things that they dislike very much. That is why I looked at three things—these customers hate three things. What are those three things—delay, defect, and out of stock? What did you say? The customer does not like the goods when they get late. So he does not like them if bad goods are delivered to him and they become out of stock.
Jeff Bezos about Customer satisfaction
The product is not there; it does not suit them. The customer’s attention span is low. If website loading is slow, the customer at 1% will slip out of our hands. Catch it once more and listen to what he is saying.
If the delay in website launch is 1%, the customer at 1% will slip out of our hands. If the delay in website loading is 1%, the customer at 10% will slip out of our hands. If the website loading is delayed by 10 seconds, 100% of the 100 customers will slip out of our hands.
He used to take great care of what the customer likes and what he does not like. The second point is to expect more from his employees. See, he expects a lot from his employees. And when he expects a lot, scolds them a lot, and makes them do a lot of work, then he does not even apologize. He is a slightly different person. What does he say? I have 500,000 employees.
How to make a brand?
This is to take care of my 16 crore customers because we are the subjects; the customer is the king. Today, in this world, same-day delivery is the new norm.
They became famous once again; come on, come on, come on, come on. They became famous for same-day delivery; order in the morning, and the goods will be delivered at home in the afternoon. Even the ration shop owner next door cannot deliver.
Call Raju at the store in America, Amazon2, Raju Bhaiya, and send the goods, he says. The boy is not there; should I send it tomorrow, Amazon2, same-day delivery, one-hour delivery in one or two hours? Why? Why? Because he used to tell his employees that he will improve and improve.
Third, long-term vision. See, when people started investing money in amazononline.in, they designed the next three months according to the 3-year plan. These small monthly profit cycles, they say, are in the vision that the whole earth has to be changed.
Vision
Our vision is to use this platform to build Earth’s most customer-centric company, a place where customers can come to find and discover anything and everything they might want to buy online. My next point is complicating the simple and simplifying the complexities.
What kind of people are Jeff Bezos, Mark Zuckerberg, and Elon Musk? These are the people who complicate every complicated job. People think, What is special about this? What did he say in this”? He is trying to make a very simple product, but at the same time, you see the new tech giants and the new tech gurus of today. They start technology companies.
What will they do? In an attempt to show something big out of the box, they become very jumbled. There is a lack of clarity and a lack of forceful clarity. The next point is every employee has a hidden owner with these. When he first wrote a letter to all the employees, there were only 614 employees.
Jeff Bezos mark his words
Today, what does Bezos say? Jeff Bezos says that 90% to 95% of the employees are working. So don’t wait for 100% accurate information. If you get information at 70%, start doing some small tests. Look at the signals. Then the market will give feedback. Situation: Make every feedback a feed forward. But start quickly.
Don’t delay. In time and start fast. What will happen from that? See, Amazon launched it within 2 days and established it all over the world. You must have faced many problems in the beginning. No problem. What does it mean? See, no product is successful in the first attempt. Let me give you a lesson.
That first product is never the final product. Again I repeat, yes, if you miss it, then your first product is never the final product. If you keep building improvement cycles in it, then what do you say?
So start quickly. If you delay in starting, the competition will eat you up and finish you. Next point, value imitation versus value innovation. This is a great point. Here I like it very much. Because it is my favorite too.
Many Indian businesspeople engage in value imitation. This has done a lot. He did it, he did it, he did it; now I will also start. Put mine too, put my leaf, invest my money; profit is coming here. Oh, its profit is coming; this is very easy. Break the man and take yours with you.