The only decision that Jeff Bezos made a billionaire before 40

Jeff Bezos is not just a billionaire – he is one of the richest people in the world with an approximate net asset of 209 billion US dollars. The founder and executive Chairman from Amazon is currently the second richest person in the world (behind Elon Musk) and, according to Bloomberg Millionaires, was the richest person from 2017 to 2021.

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So a question arises from such colossal, historical wealth: how did Bezos collect him? How did he get a billionaire before he was 40 years old?

The answer is immediately simple and yet very complex. How did Bezos become a billionaire? He quit his job.

Bezos graduated into computer science and electrical engineering in 1986 and explained the world of Wall Street shortly afterwards. There he was hired by De Shaw & Co. Hedgegunde and appointed Vice President in less than five years.

Bezos took place in the data -controlled culture of De Shaw & Co. and was convinced that the use of data and information about their advantage made it possible to be successful in an increasingly technological world. During the company, Bezos found that the up -and -coming Internet use per year increased an astonishing amount and realized that it was a massive money earner.

This knowledge drove Bezos to his decision: in 1994 he terminated his very lucrative and successful job at de Shaw & Co ..

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Subsequently, Bezos moved from New York to Seattle, used $ 10,000 of his own money and $ 84,000 of interest-free loans and founded Amazon.com as an online bookseller, says “The Investors Podcast”. The website was introduced on July 16, 1995.

The company quickly grew exponentially and after two months per biography achieved 20,000 US dollars every week. According to Bloomberg, Amazon went to the stock exchange at $ 18 per share in May 1997, and the company continued to rise both as an economic and a cultural jobble.

Bezos made the Forbes list until 1998 when he reached a net value of 1.6 billion US dollars in the incredibly young age of 34 per CNBC. From there, his wealth only multiply – everything because he quit his job at the age of 30.

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