In July of
2017 Jeff bayes's made history and surpassed Bill Gates as the richest man in the world with a net worth of a
Hundred fifty billion dollars to understand his scale of wealth. Let's take a look at some numbers
Earlier this year Jeff announced that he is separating from his wife Mackenzie
But because they live in Seattle his wife has the right to a large portion of his wealth
to be more precise
Thirty-five billion dollars that will make her third richest woman in the world
But Jeff isn't worried because he will still be on the top of the list with over 110 billion dollars
That's how rich basis is. He can afford a divorce and still be on the top of the Forbes list
behind his enormous wealth stands Amazon and if you know anything about this company
You know that it's on the way to take over the world which means a hundred fifty billion dollars is just the beginning
But how a guy with such a loud love?
Who used to sell books is on his way to world dominance
We know Amazon is the place to go for online shopping
But for Netflix uber and thousands of others
Amazon is their way to the Internet. They rely on Amazon Web Services for their websites to function
What started as a side project to support?
amazon.com quickly grew into a
multi-billion dollar company by itself
Earning more money than Amazon ever had in fact
If you take a look at the numbers more than 40% of the internet relies on AWS
only big corporations such as Google Microsoft and Facebook
Arendt's on the mercy of Amazon since they are big enough to build their own infrastructure
But that's not the only industry that Amazon has its grip on
Even for us the consumers
Amazon is no longer the middlemen who connects buyers with sellers
It's becoming the seller itself
Amazon now sells more than
450 of its own brands from watches to clothes
cables to furniture
Competing with the rest of the sellers on the platform to be on the top of the list and since its Amazon
They definitely know how to keep their products on the main page and it's only a matter of time before
Everything that sold in Amazon will be produced by Amazon itself
from Amazon box to reach your doorstep
It needs to go through many hands first
From a track to a plane to a van and maybe then to your doorstep an Amazon has heavily been relying on UPS
FedEx and US postal office, but that's about to change
To be more precise. It's already changing
Amazon now has more than 50 planes and
hundreds of bands and semi tracks to ship its own products it
Already handles a quarter of its shipping and it doesn't seem to stop there
Remember Amazon Web Services. It started to provide servers to Amazon websites
but quickly began providing
service for everyone else and it seems like Amazon wants to do the exact same thing with Amazon Fulfillment and become a
logistics company
Although Amazon is a small fish compared to UPS and FedEx in the logistics industry
Amazon is on its way to change that
Once Amazon is completely self-sufficient. It can easily drive shipping costs down
It doesn't have to make a profit since it has multiple other businesses that already
Generate billions of dollars in revenue and once you ps and FedEx are out of business
Then Amazon can slightly increase the prices and enjoy
Unbelievable profits since it will be the only player in the market
Amazon doesn't just want to be the place where you periodically buy strange gadgets
It wants you to buy groceries at Amazon
That's why it purchase Whole Foods Market many of us still prefer to physically go to the store
But we all know that that's about to change and Amazon doesn't want to miss the opportunity to take over the industry
The grocery business is definitely competitive but no one is more qualified to do that than Amazon
They have the technology experience and money
Even though Netflix too relies on Amazon Amazon is on its way to change that in
2010 Amazon launched
Amazon Studios to challenge Netflix, of course, they're too small to be compared to Netflix
But that's what the bookstore manager said when Amazon started selling books online
they will keep pouring money and creating as many shows as
Possible to convince you to switch to Amazon Studios and like UPS and FedEx
Netflix doesn't have a side business that earns a pile of cash in
Fact with the introduction of Alexa Amazon wants to make online shopping as easy as possible
Imagine coming back home after the long day and realizing that you forgot to do the groceries
Or what you have to do is to ask Alexa and while you will be waiting for it
Alexa would suggest you to watch some of the latest shows and Amazon Studios in
20 years I guess
Everything you will buy will probably be made by Amazon
So than Amazon and shipped by Amazon and that's how Amazon wants to take over the world
And once it does I will definitely make a video on that and if you don't want to miss it
You have to click on that Bell button. Otherwise YouTube isn't gonna notify you. Thanks for watching and until next time