The World richest man Jeff Bezos who is founder and chief executive officer (CEO) of one of the world’s largest technological organisations Amazon will step down from the top position on Monday. Andy Jassy who is the chief of Amazon web services will become the new CEO.
Jeff Bezos is currently the richest person in the world, started Amazon as an online bookstore at a garage 27 years back, when he packaged orders himself and delivered them to post offices. Slowly and steadily, he took the organisation to new heights and expanded its business in the fields of e-commerce, artificial intelligence, cloud computing, digital streaming among many others. Amazon, which is often regarded as the most valuable brand on earth, has a market value of over $1.7 trillion, news agency AFP reported on Sunday.
Bezos is currently shifting his focus to other endeavours such as flying to space via his aerospace company, ‘Blue Origin’, and is also planning on investing more time and effort into other projects. They include the ‘Washington Post’, his media organisation as well as his charity foundations – the ‘Bezos Day One Fund’ and the ‘Bezos Earth Fund’