If Miguel Bezos could have chosen, he would have stayed in Santiago de Cuba during his teens. History had other plans.
After the Cuban Revolution, Bezos’s parents didn’t see much of a future for Miguel under the new Fidel Castro regime. They were also concerned for their own well-being.
So, when they heard about Operation Pedro Pan — where the U.S. State Department and Catholic Charities of Miami brought in thousands of unaccompanied Cuban children — they saw an opportunity.
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As he recalled in a 2016 interview with the Smithsonian’s National Museum of American History, Miguel “had no desire of leaving Cuba” and “never thought of coming to the United States.” However, his parents saw sending Miguel to America as the way to open doors for his future.
Miguel explained their thinking: “If you leave then we can figure out whether we can leave or not or you come back so, it was… it was a little bit of logic to it in terms of allowing them to have a little more flexibility in what options their family would have if I were able to be out of the country.”
His parents also didn’t plan for the separation to last forever. As Miguel said, “This was a very temporary decision. It was just going to be for a few months or a few years and then you’ll be able to come back and we’ll be reunited.”
Over 60 years later, Miguel still hasn’t moved back to his Cuban hometown.
Arriving alone in a new home
On July 21, 1962, Miguel arrived in Miami with no English skills and only a “little suitcase” containing a jacket made by his mom and sister, three shirts, three pairs of pants and one pair of shoes. He was 16.
From Miami, Miguel was sent with 17 other Cuban children to a Catholic high school in Wilmington, Delaware, under the care of a priest. He later moved to Washington, D.C. and eventually got his first jobs at a bank and McDonald’s.
But Miguel wanted more. So, he began searching for colleges offering scholarships to Cuban refugees and got accepted to the University of Albuquerque. Besides studying and working, Miguel added family life to his already hectic schedule. It was here that he met Jackie, who had a son from her previous marriage: Jeff.
Miguel graduated with a degree in mathematics and got his big career break when he started working for Exxon in various engineering and managerial roles for 32 years.
When asked whether anything could have made his transition into American life easier, Miguel said he was mostly “grateful” for all the help he had along the way. As he told the Smithsonian, “I’m sure that you know somebody possibly could have done more, but I can’t…imagine that being the case.”
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From the American dream to the Amazon empire
Miguel’s story is amazing without any additions — but even he couldn’t fathom how successful his adopted son would become.
Jeff Bezos was already working at an investment firm in New York City when the idea of creating an online bookstore seized his imagination. As he recalled in his 2020 testimony before the U.S. House of Representatives, his boss took him for a long walk through Central Park after Bezos told him he was quitting.
“You know what, Jeff, I think this is a good idea, but it would be a better idea for somebody who didn’t already have a good job,” his boss advised.
Although that advice made a lot of practical sense, Bezos was more afraid of having regrets later on in life. The choice to leave his comfortable job and build Amazon was “made with [his] heart and not [his] head.”
But Bezos didn’t have to convince his parents about his risky career move. In fact, they became Amazon’s first financial backers using “a large fraction of their life savings.” According to a 1997 Amazon prospectus, the couple invested $245,573 of their savings. Bezos warned his dad and mom that “there was a 70% chance they would lose their investment.” That didn’t stop them.
In hindsight, that scary move into the nascent Internet has become one of the most lucrative early-stage investments in history. As of Oct. 26, Amazon has a market cap of roughly $2.68 trillion, with Jeff Bezos’ net worth at about $369 billion, according to Forbes.
But Bezos has never forgotten his father’s humble origins. In his 2020 testimony, he said the family still has the jacket Miguel brought from Cuba as a tangible reminder.
“You get different gifts in life, and one of my great gifts is my mom and dad,” Bezos said in his 2020 testimony. “They have been incredible role models for me and my siblings our entire lives.”
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Eric Esposito is a US based contributor on Moneywise who loves making financial topics accessible and understandable to readers. In addition to Moneywise, Eric’s work can be found in publications such as WallStreetZen and CoinDesk.
