Amazon CEO Jeff Bezos Steps Down

Amazon CEO Jeff Bezos announced his time ends today as the leader of the largest e-commerce platform. Bezos is stepping down as the world’s richest person according to Bloomberg wealth index report.

In fact Bezos, who will remain as Amazon’s executive chairman even as he turns over the reins to Amazon Web Services chief Andy Jassy, has seen his fortune increase 73% since 2019 alone. That, in spite of handing over one quarter of his company stock to ex-wife MacKenzie Scott in their divorce.

According to Business Insider, Bezos’ wealth ballooned even more over the past year as the pandemic drove sales skyward on his company’s online marketplace, sending shares higher. His net worth exploded by $75 billion over the course of 2020.

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What’s Next for Bezos?

He is expected to dedicate more time toward initiatives like the Bezos Earth Fund, his Blue Origin spaceship company, The Washington Post and the Amazon Day 1 Fund, CNBC reported.

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