New Delhi: Amazon founder Jeff Bezos will step down as CEO today. Amazon executive Andy Jassy will take over the role of CEO in his place. Exactly 27 years ago, on this day in 1994, the Amazon company was started.
The company had said in February 2021 that Bezos would step down as the company’s CEO but didn’t provide any specific date. The company had said that after leaving the post of CEO, he would take on the new role of executive chairman.
13 lakh people work in Amazon company
Bezos has said he will have more time for other projects, including the philanthropy work run by his space exploration company Blue Origin and overseeing the Washington Post. Amazon currently employs 1.3 million people and serves millions of people and businesses around the world.
Jeff Bezos’ Worth
Jeff Bezos has a net worth of $19 billion and is listed among one of the richest men in the world. According to the ProPublica report, no tax was paid from 2007 to 2011.
Amazon made huge profits during Covid-19 pandemic
With lockdowns, many people shopped online from home and the company made huge profits as a result of the Covid-19 pandemic. The company’s revenue in the year 2020 increased by 38% to $386 billion.
Bezos to give $100 million to Feed America
In April 2020, Bezos issued a statement saying he would give $100 million to Feed America, a non-profit that runs food banks and food pantries across the country..