It started with books: Books were easy to receive, package, and ship, so they made sense as a product they could be competitive about offering affordably and conveniently. The company was successful enough to go public by 1996: Amazon had a valuation of $300 million when they entered the stock market.

The Biggest Challenges for Amazon’s New CEO

• Growing scrutiny. Regulators around the world are examining Amazon’s business practices, specifically the way it looks at information from businesses that sell goods on its site and uses it to create its own Amazon-branded products.
• Growing the cloud. Amazon is known as a place to buy books or toothpaste.
• Retail threat.

Here Are 10 of Amazon’s Biggest Failures

1. Fire Phone. The Fire Phone is arguably Amazon’s biggest flop.
2. Destinations. This project was even shorter lived than the Fire Phone.
3. Amazon Local. Amazon launched a hub for local deals back in 2011.
4. Amazon Wallet.
5. Amazon Local Register.
6. Music Importer.
7. TestDrive.
8. Amazon WebPay.

2001

Jeff Bezos just shocked Amazon investors to the core with this dire statement: “I predict one day, Amazon will fail.” In a recent interview, Bezos explained that he believes “Amazon will be disrupted one day” and eventually, “will go bankrupt.”

Is Gordon Ramsay a billionaire? Gordon Ramsay is not a billionaire, he is however a multi-millionaire. A couple hundred times over as he’s estimated to be worth about $220 million. He is the second wealthiest chef in the world, behind Jamie Oliver, and is continuing to make money.

With a larger estimated net worth according to Forbes, Drake ($180 million) is richer than Lil Wayne ($150 million). By all accounts, both artists are dazzlingly wealthy, but Drake is in the prime of his career and enjoying the fruits of his labor.