This amount was received by Jeff Bezos from his parents to start his first business

According to the report, the amount given was $245,573 by his parents to start his first business Amazon.

Jeff Bezos with his parents
Jeff Bezos with his parents. Image source:

Jeff Bezos is the richest man in the world. He is the CEO of Amazon. According to the Bloomberg Billionaires Index, Jeff Bezos has personal assets of close to $194 billion.
Jeff Bezos founded Amazon in 1994 as an online bookselling e-commerce company.
When Jeff set up his first business Amazon, his parents gave him some initial money to start his own business.

According to the report, the amount given was $245,573 by his parents to start his first business Amazon.

Jeff Bezos was not so sure about the business work that he told his parents. They were hoping that they were loosening their entire investment in this company. While Jeff’s parents gave him initial money for his debut, his mother remained suspicious and told that Jeff had not put your son out of the job, whether he could do it on weekends and night shifts.

Jeff Bezos also mentioned in the interview that there was little possibility of building a successful company. Jeff thought that there was only a 30% probability that we could build a successful company. Bezos never thought he would create one that has turned into Amazon and he is now the most surprised man on earth.

Jeff Bezos had a stable and secure job in New York, later he quitting his job and settling in his garage to start Amazon.

Amazon was an online booking application at the time of starting, rather the internet was unknown. Jeff must compete with Barnes and Noble, which has become the world’s largest e-commerce company.

Amazon was not so popular in its early stages but now it is one of the most popular companies in the world.

He started his small business in his garage but later acquired it and made it one of the most successful companies in the world.

Jeff never lost his hope and still worked on his idea which came to fruition after that.
Now Jeff Bezos is one of the richest men in the world.

Related: A Story of a billionaire: How this man changed his life “Poor as Hell” to Billionaire?


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