Jeff Bezos Officially Says Goodbye To Amazon; Hands Over To Andy Jassy

The World’s richest man Jeff Bezos himself finally said farewell to his company Amazon.

Andy Jassy will take over as Amazon’s new CEO from here. Amazon made significant profits in 2020 as people increasingly turned to online services at a time when the corona epidemic was booming around the world.

As a result, the personal wealth of Amazon founder and CEO Jeff Bezos has grown significantly, reaching $ 75 billion by 2020. The company made $386 billion through e-commerce, cloud computing, AI, streaming services, and others. Jeff Bezos first started selling books online with Amazon on July 5, 1994. He started in his garage 27 years ago and today Amazon is a 1.7 billion USD valuation MNC company.

Bezos, 57, was set to give over the leadership of Amazon to Andy Jassy on Monday and devote his time to his private space exploration company, philanthropy, and other activities. He will continue to play an important role as executive chair of the tech and e-commerce giant he created 27 years ago.

He owns the Washington Post and has given time and resources to campaigns to tackle climate change but he has also faced criticism following recent accusations that he paid no income tax at all for some years.

 Bezos is currently preparing for the first manned space mission by Blue Origin. As for Jeff Bezos’ wealth, Bezos retired with twice as much wealth as the entire British royal family. The wealth of the British royal family is about $ 88 billion.

Jeff Bezos’ net worth is $ 203 billion, according to the Bloomberg Billionaire Index.

From 2018 to 2020, Bill Gates’s net worth increased from Rs 6.12 lakh crore to Rs 8.58 lakh crore. According to a report, his wealth has increased by 73 percent. Bezos has about $ 197 billion to cover his pension.

Now that Andy Jassy will takeover he might have some problems due to the growing call for tighter regulations. Amazon has dominated the market for years now and the government is concerned that its approach is hurting the competitors. If strong rules are imposed Amazon may have to break up into two or more corporations.

Amazon has also had employee issues with people complaining about low wages, no freedom to talk and they have been said to have worked as “machines” with very low wages but Jeff Bezos has been trying to make Amazon the best place on earth to work now that he has officially said goodbye to his company the e-commerce giant has some really tight challenges ahead of itself.

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