Billionaire businessman Jeff Bezos founded the retail giant Amazon 27 years ago. He officially resigned from the position of CEO of the $1.78 trillion company on Monday. Handed over to his disciple Andy Jassy.
The 57-year-old Bezos will transition to executive chairman amid a surge in income. Affected by the epidemic, Amazon’s fourth-quarter sales were 126.5 billion U.S. dollars.
New efforts await Bezos, he Bloomberg Billionaire Index Become the world’s richest man with 2030 billion US dollars. Later this month, he will go to space with his brother Mark and 82-year-old aviation pioneer Wally Fink.
Since starting the company in the garage of his home in Seattle in 1994, Bezos has been overseeing Amazon’s growth into one of the richest companies in the world. His company started selling books to customers at low prices and now covers other businesses such as Whole Foods, Audible, Prime Video, and Twitch.
Amazon’s early investor John Doerr recalled the early days of the financial giant, “I remember flying to Seattle to visit the company’s office on First Avenue. We made it with the desk door we bought at Home Depot. These tables,” he told CNBC’s “technical inspection.”
“We are online through a very fast website and can provide all the books in the world in a shorter period of time and at a better price than anyone else in the world,” he added.
The 53-year-old Jassy officially became CEO on Monday. He is responsible for overseeing Amazon Web Services, which he established in 2003. AWS has approximately 30% of the cloud computing market share.
As we all know, he is obsessed with customer experience and sets high standards for the people who work under him. Jassy received his undergraduate and business school degrees from Harvard University and joined Amazon as a marketing manager in 1997.
In 2018, Jassy became a minority shareholder in the Seattle Sea Monsters, an expansion of the NHL team that will debut next season.
In 1994, Jeff Bezos quit a lucrative job at a hedge fund and opened an online bookstore.
After the market value reached $1,771,000,000,000, he officially stepped down as Amazon’s CEO.
Love him or hate him, it is a hellish run. pic.twitter.com/eDijrkRj8w
— Sahil Bloom (@SahilBloom) July 5, 2021
Bezos is likely to continue to be the focus of attention and start a new career.
Bezos wrote in a letter to Amazon: “As executive chairman, I will continue to participate in important Amazon initiatives, but I also have time and energy to focus on Day 1 Fund, Bezos Earth Fund, Washington Post and myself. Other passions.” Employees.
One of Bezos’ biggest ambitions will be to take the Blue Origin spacecraft to space on July 20, the anniversary of the Apollo 11 mission, which makes Neil Armstrong the first to walk on the moon People.in a 2018 interview In Business Insider, Bezos called his Blue Origin project “the most important work I’m doing.”
“Seeing the relationship with space, it changed you, it changed your relationship with the earth. This is an earth,” Bezos says In an Instagram post. “I have always wanted to take this flight because it is something I want to do all my life. This is an adventure. It means a lot to me,” Bezos added.
Another ambition of Bezos is to work with his Earth Foundation to donate US$791 million to organizations such as the World Wildlife Fund, the Environmental Protection Foundation, and The Nature Conservancy. mission The main goal of the Bezos Earth Fund is to combat climate change and accelerate the transition to 100% clean energy, as well as equitable access to healthy air, water and land.
Bezos also plans to cooperate with his Day 1 Fund, a $2 billion charitable organization dedicated to solving the problem of homelessness and establishing preschools in impoverished communities. The organization has donated tens of millions of dollars to non-profit organizations.
Jeff Bezos was worth nearly $10 billion in 1999, but he still drove his Honda.
— Grand occasion_ (@APompliano) July 3, 2021