Jeff Bezos (2024)

FAQs

What is Jeff Bezos' 70% rule? ›

One way to manage this stress is to adopt Jeff Bezos's famous 70% rule. Make decisions based on 70% of the information you think you need - because if you wait until you have 90%+ of the required information, you'll be too slow and all you'll really accomplish is to stress yourself out even more.

There are 795 million undernourished people in the world today. That means one in nine people do not get enough food to lead an active and healthy life. Jeff Bezos could even end world hunger twice a year. Bill Gates could do the same.

Email jeff@amazon.com for direct attention from Bezos or his Executive Team. Bezos widely advertises his own email address so customers can get in touch with him. Although he doesn't respond to most of these emails personally, he claims to read most of the messages that come into his inbox.

Individual investors

Jeff Bezos: Owns 937,774,000 Amazon shares, or 9.02% of shares outstanding. Amazon's founder, executive chairman, and former CEO remains its largest stakeholder, with his stake in Amazon worth about $166 billion.

Jeff Bezos just gave $100 million to actress Eva Longoria and the retired admiral who oversaw the capture of Osama bin Laden to use as they see fit. Billionaire Jeff Bezos (left) launched the Courage and Civility Award in 2021 to support philanthropists.

There is more than enough food produced in the world to feed everyone on the planet. Yet 733 million people still go hungry. 01.

Bezos' wealth increased by $167 billion in the past 10 years, or $16.7 billion per year, roughly $45.8 million per day, and roughly $1.9 million per hour. Of course, since Bezos' investments make money while he sleeps, we didn't use an 8-hour workday or 40-hour workweek for these calculations.

We need $7 billion dollars to deliver food the millions of people facing famine this year. We need $40 billion dollars per year to feed all of the world's hungry people and end global hunger by 2030.

“Gradatim Ferociter” or “Step By Step, Ferociously” is the motto for Blue Origin, the aerospace company developed by Amazon founder Jeff Bezos. It is also a fitting maxim for his ventures as a bookseller, business mogul, technology entrepreneur, and philanthropist.

“Success is a lousy teacher. It seduces smart people into thinking they can't lose.” —1995 book The Road Ahead. “Unhappy customers are always a concern. They're also your greatest opportunity.” —1999 book Business @ The Speed of Thought.

What Elon Musk says about Jeff Bezos? ›

Musk has repeatedly and publicly called Bezos a "copycat" — once after Amazon announced its plan to launch internet-beaming satellites, and again when Amazon acquired self-driving-taxi company Zoox. Musk poked at Bezos in 2019 after the unveiling of Blue Origin's concept for a lunar-landing vehicle, called Blue Moon.

Bezos said that while Amazon had been thriving under his leadership, he saw that Blue Origin needed his attention more. He decided that juggling both Amazon and his space venture could be problematic, especially since the way space sector is growing today.

No, according to an ABC interview, he gets closer to 700. He just gets up at the crack of dawn every morning and starts reading. Hint Water CEO Kara Goldin does the same thing, preparing for a 12-hour workday with a marathon email session.

What can I learn? Bezos has a method in his decision-making, and he calls it the 70% Rule. It works like this: Whatever you're trying to figure out, you should make your decision when you have 70% of the information you need in order to come to a conclusion. “Now, wait for a second Jeff, I have a question.”

Former Secretary of State Colin Powell, had a particular approach when faced with making a quick decision. He called it the 40/70 rule. He would strive to not make a decision with less than 40% of the information needed, then ultimately make the decision when he had at most, 70% of the information.

The 70% rule helps home flippers determine the maximum price they should pay for an investment property. Basically, they should spend no more than 70% of the home's after-repair value minus the costs of renovating the property.

Colin Powell has a rule of thumb about making tough decisions that I feel is helpful when facing such situations. He says that every time you face a tough decision you should have no less than forty percent and no more than seventy percent of the information you need to make the decision.