Is Jeff Bezos of Amazon Richest Person in World? A Review
Is Jeff Bezos of Amazon Richest Person in World? A Review
Microsoft’s Bills Gates holds sway in his industry possessing 1st rank as a billionaire businessman in the world. He is a great man with superb career. However, the advent of Jeff Bezos seems to be a breakthrough or surprising event for people as he has $89 billion worth business with 79.9 million shares which cover 17 percent of Amazon. This rich and elegant Bezos has congratulated all his known persons and enthusiasts. He is proud of serving people and he likes to communicate with his fans irrespective of gender and class
Jeff Bezos Defying Gates to Become Richest Guy
In 2010-12, Carlos Slim and Warren Buffett were seen vying Gates. They were declared richest persons in the world. Since then, Gates is unbeaten. Forbes magazine has predicted that Bezos will be able to overtake CEO of Microsoft soon. Gates has $90 billion which is challenged by Bezos with 89.9 billion packages. It is a massive competition and both billionaires are happy. Though Bezos is a billionaire over decades, for the last two years, his assets started increasing with large volume of shares. Forbes’ findings unearthed Bezos with net asset of $1.6 billion to stay a rich person over 20 years. However, by 2012, Bezos galloped to have handsome $18.4 billion pack which made him 26th richest CEO in the world. Slowly, he did good groundwork to expand the company. He is the CEO of Amazon with dynamic profile to lure international clients for starting new ventures. Amazon is growing fast and Bezos will soon be the richest man crisscrossing Gates. Bezos is innovative with strong principles to scale up in the society. He is a warrior with dream of changing the world removing evil force. He told reporters a Princeton conference that he doesn’t want to become the most powerful and rich persons sacrificing value of business ethics. He motivates his juniors how to become famous by doing good deeds for the sake of development of the society.
Successful Life of Bezos – He Is Role Model to Youngsters
Amazon was just a book seller online. It is Jeff Bezos who reformatted the structure of Amazon by applying his theories. It must be a versatile online company to sell products at reasonable prices. Customers will buy everything from cosmetics, hair care, home improvement, dress materials, jewelry, tableware, furniture pieces, energy efficient electronic products and adult toys. It must be rendezvous for online customers to collect the best products with warranty cards. Bezos has organized his working staff members to run Amazon faster. The credit scores of Amazon go up with good fortune for Bezos to have more shares. This year, shares possessed by Amazon rose by 58 percent or more. This is the beautiful moment for the CEO of Amazon as he is also able to earn more profits to become the wealthiest person in the world. Bezos who is also the authorized owner of Washington Post has reviewed his holdings on Amazon. Comparing to previous decades, 2017 has had given him ample scope and opportunity to earn money faster. Amazon has experienced growth by 5 percent in the current year. So the company’s basic potentiality has accelerated to a great extent. Bezos is the backbone of Amazon. Global customers open the portal of Amazon to search for various sophisticated products. Amazon is not a merely a bookstall online with small inventory. Trillion customers place orders to have their products through internet. Dynamically, Bezos is the pilot to operate the company nicely. In a survey, it is stated that Bezos is the most important person in Amazon with large volume of shares. Every year, Bezos sells $1 billion worth shares to nurture Blue Origin Aviation Company. He doesn’t waste his resources by purchasing classic devices and rare artifacts. He has luxurious condos in New York, Washington DC and Los Angeles. He has opened new resorts as well. He has bought 30000 acre land for constructing new companies as well. The last update on Black Friday ensured the steady success of Bezos to become the biggest person with $100.3 billion to defy Bill Gates. Bloomberg has calculated the stored assets owned by Bezos. In this year, Bezos has acquired more profits which are unforgettable to him. Though he is a strong billionaire for more than 15 years, right now he has prowess to break the record of Bill Gates. He has gained $32.6 billion in 2017. So, Jeff Bezos is soaring up with immense pleasure and honor. In an interview, he has revealed that he will spend the money for poverty elimination, childcare, health, and refugee rehab. He needs more dynamic plans and ideas from people how to utilize his billion dollars for resetting the world minimizing crisis.
Jeff Bezos Wants More Experiments to Change Consumer Habits Globally
Jeff Bezos can’t be compared with any CEO of a small size company. This brainiac CEO of Amazon has his own style to change the consumer habits to build up strong arsenal of the company. He states that experiments must not be stopped or slowed down. New ways must be visible to motivate consumers to buy products from Amazon. Jeff’s transformational entrepreneurial leadership quality is wonderful. Excellent teamwork must be a benchmark for him to implement new projects successfully. Jeff Bezos prefers more inventions, innovation and dynamic changes for mobilizing the vehicle of development of the company. He is a man with prowess to tackle difficulties nicely. Therefore, he is always enthusiastic to launch more demo projects for trials. For instance, Amazon Prime package is now a lucrative place to people for shopping. Buyers will get 2 days free product shipment offers in any area irrespective of product size. This nice deal will be effective for a year. So, a customer spends $79 per year to make purchases at Amazon Prime. Jeff Bezos is seen communicating with consumers to evaluate their feedbacks to upgrade the product selling as well as deployment process. Well, Amazon Prime is an experiment which has brought two snapshots for comparison. One hand, Amazon is getting more orders from customers. On the other hand, Amazon has to pay higher rates to ship products free to customers. Now Jeff Bezos has to calculate the volume of profit and loss. Amazon will have to go for cool tie-ups with more product shipment service providers for price settlement. Increase in the product buying is a new trend for Jeff Bezos to feel proud of.
Innovation Needed in Whole Food Market
Jeff Bezos is trying to escalate the visibility of Amazon in whole food market. Right now, America is attracting whole food consumers to have fresh and canned food without preservatives and gluten. By 2030, there will be $100 billion worth supermarket where Americans will get their whole food items at smart prices. Amazon has added new add-on to the inventory by investing dollars in whole food. Competition is higher. In Seattle, two stores for consumers have been inaugurated by Jeff Bezos to supply glutton free food and other nutritious healthy ingredients to customers. Online food supply must be smooth. Jeff Bezos will try to precise the food distribution process by opening more small kiosks and stores close to residential apartments of customers. Secondly, Amazon has captured customers in advanced cities. Wal-Mart has its dominance in rural areas. So, Jeff Bezos will have to fight with Wall-Mart to extend business in rural belt. The regional market must be productive for Jeff Bezos. Therefore, he is planning to introduce hi-tech product buying tools which must be supported by cross device compatible platforms. Consumers will not be forced to visit groceries shops to have food. They will track their orders on android phones and then collect packets of whole foods faster. Prices of fresh food will be much better. So, Amazon will compete in both fresh food and whole food supermarket in near future.
Conclusion
Bezos inspires young people to become world famous. His entrepreneurial and leadership quality must be appreciable. He deserves honor, and citations for success in life. He has rejuvenated Amazon which will have new verticals in web services, wholesale food and groceries.
