After conquering Earth, Bezos eyes new frontier in space

18 Jul, 2021

WASHINGTON: Jeff Bezos sets his sights on a new frontier in space in the coming days after building a gargantuan business empire which has in many ways conquered the Earth.

His journey into space aboard a reusable rocket built by his firm Blue Origin comes just two weeks after he stepped aside as chief executive of Amazon, which grew from a garage startup into one of the world's most formidable businesses.

Bezos, 57, remains executive chair at the technology and e-commerce colossus he founded 27 years ago. But he is clearly looking to even loftier ambitions.

With a fortune worth more than $200 billion, Bezos has been at or near the top of the world's richest people, even after his divorce settlement.

He owns some 10 percent of Amazon, a behemoth with a presence in dozens of countries and some 1.3 million employees.

Today, Amazon has a market value of more than $1.8 trillion. It posted 2020 annual revenues of $386 billion from operations in e-commerce, cloud computing, groceries, artificial intelligence, streaming media and more.

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