Jeff Bezos: 'I Predict One Day Amazon Will Fail'

Jeff Bezos' company Amazon is probing cases that employees have accepted bribes for internal data

Amazon will go bankrupt.

Jeff Bezos may be the richest man in modern history and at the helm of the second company to join the $1 trillion club, but he has no illusions about Amazon's future.

Earlier this week, Amazon announced that it would build its headquarters in New York's Long Island City area and the Virginia suburbs of Washington DC.

Bezos said that the goal was to delay the inevitable for as long as possible - and that the way to do that was to focus on customers. "In fact, I predict one day Amazon will fail", Bezos reportedly said when addressing a question about Sears recently going bankrupt.

Bezos added that Amazon's job is to delay failure for as long as possible by focussing on its customers.

"If we start to focus on ourselves, instead of focusing on our customers, that will be the beginning of the end", he said.

According to reports, last month, Amazon raised the minimum wage for all employees, including temporary workers, to $15 an hour, putting the company one step ahead of rivals like Walmart and Target in the increasingly competitive holiday hiring season. The company's workforce has grown more than 20-fold in the last eight years, and its stock price has more than quadrupled in the last five years.

"It's a fact that we're a large company", he said, according to a recording obtained by CNBC.

Several Amazon employees told CNBC on the condition of anonymity after the meeting that Bezos was particularly concerned with tightened government regulation and potential antitrust probes into the company.

An Amazon rep didn't comment on the all-hands meeting, but addressed the antitrust issues by citing a Wall Street Journal interview with Jeff Wilke, the company's CEO of the worldwide consumer division.

Noting that no two of these tech giants are the same, Bezos said, "I don't want to fight this kind of big tech impression-I want to just talk about Amazon". If a company wants to last over a hundred years, Bezos stated at the same all-hands meeting that he believes alcohol is key, "Most of the companies that are multi-hundred year old companies are breweries".

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