Jeff Bezos who is the world’s richest man and alleged supervillain step down as CEO of Amazon today. 57 years old Bezos founded Amazon 27 years ago. He shouldn’t struggle to afford many pastimes now his involvement with the company has lessened. He has an estimated fortune of $203 billion.
A few months ago, Jeff Bezos announced his plan to step down as CEO of Amazon in the third quarter of this year becoming the Executive Chair of the company’s Board of Directors as Andy Jassy takes on the chief executive role.
Bezos is retiring as CEO as he wants to give more time to his other ventures, including the Bezos Earth Fund, The Washington Post, the Amazon Day 1 Fund, and his Blue Origin space company.
Andy Jassy to become Amazon CEO on July 5$AMZN shareholder meeting
— Deirdre Bosa (@dee_bosa) May 26, 2021
Bezos received an $81,840 salary and $1.6 million in other compensation from Amazon in 2020. Know that a major part of his wealth coming from Amazon holdings and other assets. His fortune is 762,012 times the median net worth of an American at 65, which is the average retirement age in the US. According to Business Insider, the median net worth of people in that age bracket is $266,400.
Just like many tech companies, Amazon has seen its bottom line and share price rocket during the pandemic, resulting in Bezos’ fortune even higher. Bezos started his company in his garage about 27 years ago has a market cap of $1.7 trillion and made $386 billion in revenue last year.
He may be praised for his business keenness, but Bezos isn’t the most loved billionaire. You might be knowing about his travel to space for Blue Origin’s first space tourism trip on July 20 with his brother Mark and other passengers, leading to a petition demanding he not be allowed back to Earth. The Change.org site is currently just under 2,000 signatures short of its 150,000 targets.
A recent report that reveals he paid no tax in 2007 and 2011 and even claimed and received a $4,000 tax credit for his children spoiled his image even more. Moreover, his divorce from wife MacKenzie had some sordid details, and Amazon’s reputation for not being the best place to work.