Five things you may not know about Amazon's founder — Jeff Bezos

The vast Amazon fulfilment warehouse at Rugeley   The Amazon warehouse at Rugeley   The vast Amazon fulfilment warehouse at Rugeley

As is true with most of its earnings releases, Jeff Bezos, CEO (who had a brief turn earlier as the richest man in the world) used the occasion to make a laundry list of Amazon's many accomplishments in the quarter. Amazon's buyout of Whole Foods Market puts it squarely into the huge U.S. grocery market. Meanwhile, Amazon is digging deep into consumers' minds and pockets here and abroad, collecting invaluable data from shoppers, readers and users of its Echo speakers. A difference of $857 million was recorded between shares of the previous and the current year. At present, he is earning Rs 426 crore per day for the last one year. We presume Mr. Bezos agrees. "As Amazon continues to generate high cash returns on cash invested despite the growing scale of its investments ... we believe growth acceleration like that we saw in 2Q is likely to continue". His net worth has grown by more than $65 billion over the past five years.

Compared to the same time last year, AWS' revenue was up 42 per cent and Amazon's overall service revenues rose 42 per cent to $US13.2 billion.

But Amazon has the patience to sustain in this market, say analysts, unless it decides to drastically alter its India plans, which seems unlikely. Its profit margins are breathtaking.

Then there are soft, hard-to-quantify factors. But she was still extremely grateful. Facebook does not have a second promising business.

One advantage of being super-rich is that people indulge your fantasies. Jeff Bezos has had a hand in funding every one of these companies from their earliest stages. Gates, 61, has held the top spot since May 2013.

He has never really disguised his inner geek however.

Amazon also announced its two-hour delivery service Prime Now in Singapore on Wednesday, part of its ongoing investment to be a major retail player in Asia. Though less visible, much of the impact of machine learning will be of this type - quietly but meaningfully improving core operations.

"I expected to be awarded for my cleverness and my arithmetic skills", he said. Here's How to Get Hired.

As well as the fun stuff he has a serious futuristic vision.

The website was an immediate success, selling across the States and in 45 other countries before going public in 1997, quickly becoming a leader in the online retail sector. And Mr Bezos's dreams are getting bigger. The retail giant has backed a futurologist's claim that devices conversing in canine will be available in a decade's time.

Sales of warehousing, packaging and other logistics services Amazon provides for e-commerce merchants increased 38 per cent to US$7b.

Amazon Chief Financial Officer Brian Olsavsky pointed out in a call with analysts Thursday that hiring for these roles exceeded the company's overall growth rate.



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