In 2007, the Amazon released a handheld digital book reader, Kindle that allowed users to buy, download or read and store their book selections. Originally Amazon was an online bookstore, but Bezos had always planned to expand to other products and diversified into the online sale of music CDs and video and later also expanded to clothes, electronics, toys and more through major retail partnerships. After much contemplation Jeff Bezos named his new company Amazon because the name begins with the letter ‘A’, which is at the beginning of the alphabet and after the Amazon River in South America. Shaw and on 5th July 1994, he founded Amazon in his garage after writing its business plan while travelling from New York to Seattle. He studied every prospect of this business and decided to sell books online. In early 1990s, Bezos observed while the internet was the latest buzz, nobody was using the medium for selling goods and a huge hidden potential lies there. After a short stint at Bankers Trust as a product manager and DE Shaw, a hedge fund, where he became senior Vice President, he decided to start his own venture. Instead, he joined a startup known as FITEL, where he learnt how to run a company from scratch. After graduation he refused many lucrative job offers including the ones from Intel and Bell. He has often hailed his grandfather as a huge role model in his life, with this wide-ranging knowledge of science and every other subject.īezos graduated from Princeton University in 1986 with a degree in electrical engineering and computer science. He would spend summers at the ranch with his grandfather, Lawrence Gise, working on varied tasks such as fixing windmills, laying pipe, vaccinating cattle, and other farm work. Born in Albuquerque, New Mexico, and raised in Houston, Texas, Bezos was estranged by his biological father, when he was just 17-month old and was raised by his mom Jacklyn Gise and stepdad Mike Bezos.
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