Jeffrey Preston Bezos better known to the world as the world’s richest person, and founder CEO of multi-national online retail giant Amazon – Jeff Bezos is all set to start a new chapter of his life when he steps down from the post of CEO of Amazon today.
He will be replaced as CEO by Andy Jassy, the head of Amazon Web Services (AWS) which is known to offer cloud computing services to power Amazon’s own website as well as the businesses of third party vendors. AWS accounts for half of Amazon’s operating income.
This is the first CEO transition of Amazon since Bezos started the company as a website to sell books in 1994. Bezos has chosen 5th July for Passover of the CEO baton to Andy Jassy because this was the day he started Amazon in his garage in 1994 and led the company to become a behemoth worth US$1.63 trillion focusing on E-commerce, cloud computing, Artificial Intelligence, logistics, banking, OTT, etc.
However, even after stepping down as CEO, the 57-year-old won’t be going far away from Amazon as he will now be the Executive Chair. He will now focus on his newspaper The Washington Post and rocket ship company Blue Origin.
He started Blue Origin in the year 2000 as an aerospace manufacturer and sub-orbital spaceflight services company with an aim to provide Commercial spaceflight. The Bi-centibillionaire is himself interested in space travel and is all set to fly into space in the first manned spaceflight of Blue Origin along with his brother.
Bezos is a philanthropist and has a Bezos Academy, among several other initiatives. His academy provides tuition-free preschool to children from low-income families. He has also opened several homeless shelters. He is also working to fight Climate Change with his “Bezos Earth Fund” and in 2020, he had donated $791 million of his $10 billion commitment to fund scientists, activists, NGOs, and others to protect Earth’s future.