• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

3

Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

3

Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem

Former Amazon star exec killed in bike accident

By
Patricia Sellers
Patricia Sellers
Down Arrow Button Icon
By
Patricia Sellers
Patricia Sellers
Down Arrow Button Icon
September 19, 2013, 4:37 PM ET
Add Fortune on Google for similar content.

FORTUNE — Joy Covey, who was Amazon.com’s CFO in its startup days and guided the company through its IPO, died Wednesday in a bicycle accident in California. Covey, 50, was reportedly struck while cycling on Skyline Boulevard in the mountains of San Mateo County. She leaves an eight-year-old son, Tyler.

One of the breakout women in tech during the first Internet boom, Covey ranked No. 28 on Fortune’s Most Powerful Women in Business list in 1999. I interviewed her, as well as her boss, Jeff Bezos, at Amazon headquarters in Seattle, and captured her extraordinary life in that year’s MPW cover story:

Among the newcomers, Joy Covey has led the most unfettered life. Actually, her life has been a lot like her company, Amazon.com: unconventional, expansive, high risk, with a pitch that goes something like this: “It may not seem logical, but trust me. I know where I’m going. And it’s far.” Covey is the younger of two daughters of a Northern California doctor and nurse. They were frugal, self-reliant parents. “They had a complete and utter disregard for social expectations,” says Covey, 36. She did too. Bored with school during her freshman year at San Mateo High, she dropped out.

Did her parents come down hard on her? “No,” says Covey. “They knew it wouldn’t do any good. I thought, They won’t beat me or throw me out. If I don’t obey, what can they do? I decided, there’s no more following the rules.” Actually, she did follow some rules: She returned to school for one more year. Then she used her 173 IQ to pass California’s high school-equivalency exam. At 19, she graduated from California State University at Fresno and took the CPA exam (scoring second best in the country that year). After working at the accounting firm Arthur Young for a while, she headed to Harvard to collect an MBA and a law degree.

Three years ago, following an interlude in Silicon Valley, Covey arrived in Seattle, pumped at the prospect of being a pioneer. Amazon.com was then an unproven e-commerce curiosity. “I thought, Wouldn’t it be great to build one of those new business models like Microsoft or Intel or Dell?” She helped break retailing out of its box and did the same with her job as CFO. Covey has been an unusually influential finance chief, working with Amazon founder and CEO Jeff Bezos to recruit senior management and steer the company into businesses far beyond books. Says Bezos: “I can budget only four days a year to talk to investors, so Joy has been Amazon.com’s primary contact with Wall Street. In the Internet space, that’s really unusual. She’s doing what a CEO would normally do.”

Covey is a sports fanatic who goes rock-climbing and wakeboarding (for the uninitiated, that’s snow-boarding behind a boat). But even at work, she is altogether unbound. During a dinner last year at a Seattle restaurant to celebrate Amazon’s big junk-bond offering (the first by an Internet company), she joined her boss on the floor for a round of leg wrestling. “She won,” Bezos says. Recently, when Covey said she wanted a new position as chief strategist, Bezos says the decision was easy. “Joy is really good at figuring out what’s going to be important six months from now, which, in Internet companies, is very hard to do.”

I also featured Covey in a 1999 story about Fortune MPW and their mothers–and this, about Joy’s mom, gives you a sense of where Joy got her remarkable will:

During World War II, Joan Covey, who is Dutch by heritage, lived in Indonesia (then the Dutch East Indies). When the Japanese invaded, she was sent to a prison camp for two years. She watched her own mother starve to death there. The hardship fostered an intense self-reliance, which daughter Joy has as well.

Covey tired of frenetic Internet life and left Amazon voluntarily in 2000, She spent her time raising her son, Tyler, and showing that high-powered corporate women can indeed lead a rich life beyond a business career: She got her pilot’s license, threw herself back into extreme sports–Alpine rock climbing, Utah skiing, kiteboarding–and deployed her Amazon wealth into environmental and other causes. She served as Treasurer of the Natural Resources Defense Council and on Harvard’s Advisory Board. “I’m not retired,” she told me after quitting corporate life. “I intend to have two or three more careers.”

The world has lost an amazing person in Joy Covey. We will miss her greatly.

About the Author
By Patricia Sellers
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in blogging

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Most Popular

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
Real Estate
The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
By Nick LichtenbergJuly 22, 2026
17 hours ago
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
Success
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
By Sasha RogelbergJuly 20, 2026
3 days ago
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
AI
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
By Eva RoytburgJuly 21, 2026
2 days ago
OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation
Cybersecurity
OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation
By Jeremy Kahn and Emily ForliniJuly 21, 2026
2 days ago
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
Success
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
By Emma BurleighJuly 21, 2026
2 days ago
Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
Economy
Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
By Sasha RogelbergJuly 22, 2026
14 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.