This man is now richer than Warren Buffet [infographic]

Jeff Bezos (founder of Amazon) is now in the 5th spot on world’s wealthiest people list. rich-300x169

According to Time  Bezos’s wealth is ahead of Buffett by about $300 million but he started out poor.

According to Funders and Founders Bezos wanted to start a business right after college but didn’t.

So how did he start?

 

how-jeff-bezos-started

Source: Funders and Founders

HOW DID BEZOS DO IT?

Visual Capitalist explains:

“We are willing to be misunderstood for long periods of time.” – Jeff Bezos

Perhaps the most enthralling element of the Jeff Bezos story is his resolute commitment to executing a long-term vision, all while the rest of the world could not comprehend it.

The company ran 20 years without showing signs of significant profit, and it was regularly criticized in the media. teamwork puzzle help peer group team

Pundits saw Amazon as a growing online book store that couldn’t make money.

They didn’t get the bigger picture.

And while the world debated Amazon’s aggressive expansion and polarizing nature, Bezos and his team stayed focused on execution.

Even if people didn’t see the vision for the “everything store”, it didn’t mean that Amazon couldn’t build it.

They were willing to be misunderstood for a long time in order to follow the vision.

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Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au


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