Today the world of entrepreneurship was taken by surprise with the announcement in which it says that Jeff Bezos will leave Amazon. It is worth remembering that Jeff Bezos is currently the holder of the second largest financial wealth in the world and CEO of the company. As far as we know, he will not “abandon” the company 100%, he will only leave the position of CEO, who already has a strong name to occupy.
And yes, this information is real, as Amazon itself went public and informed that Bezos should leave office later this year. By the way, Jeff will not leave Amazon, he will now become CEO of the board, a position that will bring him more time freedom.
Now Jeff's focus will be more on a newspaper he owns and Blue Origin, an aerospace company he also owns. He also said that he will also focus more on his philanthropic entities the Day One Fund and the Earth Fund.
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Jeff Bezos will step down as CEO of Amazon, who will take over this role?
Will be none other than the Andy Jassy, he runs Amazon Web Services, the data storage and processing division. It seems that Amazon's CEO change will take place in the third quarter of this year, that is, between July and September.
Jeff Bezos will step down after helping Amazon reach an incredible $1.5 trillion in equity, that's a lot. It is worth mentioning that he created this company approximately 27 years ago, which is still a “short” period to reach this level.
Leading Amazon, Jeff Bezos consequently made his net worth reach approximately 200 billion dollars, currently he is the second richest man in the world. In addition to all this, he has already created 500,000 jobs in just one year, a historic record for this feat.
Amazon and the Pandemic
The Pandemic brought positive results for Amazon's equity and consequently Jeff Bezos, but why did this happen? Many people start to live in quarantine, the result was an absurd number of internet users on Social Networks, blogs, websites and etc... In other words, the online sales market soared and because it is a company that sells products over the internet, Amazon shares shot.
With Jeff Bezos stepping down as Amazon's CEO, maybe the company's stock will take a slight dip, but I think it will bounce back. It is normal in the financial market that these fluctuations occur in the shares of large companies, however, this may not even occur.
What did you think of this exchange of positions in the current most valuable company in the world? Leave your opinion down below in the comments.
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