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What to know about Jeff Bezos, Amazon's founder
What’s next for Amazon after Bezos steps down as CEO?
Dan Henninger of The Wall Street Journal discusses the future of Amazon and Jeff Bezos after he stepped down as CEO.
Amazon founder Jeff Bezos will be stepping down from his role as the CEO of the e-commerce giant this summer, the company announced on Tuesday.
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Bezos will transition to executive chairman of the board. Meanwhile, Andy Jassy will replace Bezos as the company’s CEO. Jassy currently serves as the CEO of Amazon’s cloud computing wing, one of its fastest-growing units.
"As Exec Chair I will stay engaged in important Amazon initiatives but also have the time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions. I’ve never had more energy, and this isn’t about retiring. I’m super passionate about the impact I think these organizations can have" Bezos said in a letter to employees.
In light of the news of his transition away from the helm of one of the world's most valuable companies, here are a few things to know about Jeff Bezos.
JEFF BEZOS STEPPING DOWN AS AMAZON CEO, WILL BECOME EXECUTIVE CHAIRMAN
WORLD’S RICHEST MAN
In 2018, Bezos surpassed Bill Gates to hold the title as the richest American and despite losing almost $38 billion in his divorce settlement with MacKenzie Scott in 2019, Bezos retained the top spot.
Bezos is estimated to be worth $196.2 billion, according to Forbes’ real-time net worth calculator.
DIVORCE, GIRLFRIEND AND EXTORTION
After Bezos and Scott announced their divorce together, he became involved in a scandal, involving intimate texts between him and his girlfriend, Lauren Sanchez, that were leaked in early 2019.