In 1994, Jeff Bezos was started this company in his garage in Washington. He started his business by selling books online.
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| Jeff Bezos will remain the biggest shareholder of the company (Image:-instagram/Jeffbezos) |
Jeff Bezos steps down as Amazon Chief Executive Officer on July 5, 2021 after 27 years of Company’s establishment. Andy Jassy will be the new CEO of the company. Jeff Bezos will remain executive chairman and the biggest shareholder of the company.
He will not take part in day to day work of the company but will look into some matters. Today is his last day as Amazon CEO. There are many other projects of Jeff Bezos who will look into that after stepping down.
Amazon is one of the biggest e-commerce company in the world. It has spread its work all over the world via online. In 1994, Jeff Bezos was started this company in his garage in Washington. He started his business by selling books online. Within 2-3 weeks, this business had started earning.
With the growth of the company, number of persons started attaching with Jeff Bezos. He kept doing improvements in his business. Then, he started selling other products online. Now, the global worth of the company is $1.2 trillion. Company has launched its OTT platform Amazon Prime which has a millions of subscribers. Alexa is one of the most demanding tools of Amazon.
In the Covid-19 pandemic, most of the companies are facing losses because of lockdowns but Amazon increased its earning during this time. Because of the lockdown, people have had to stay in home and they can’t do shopping offline so most of the people choose Amazon for doing online shopping which hiked Amazon’s earning.
Jeff Bezos always remains on first or second position in the Global rich list. According to Forbes, his net worth is $201 billion. Besides Amazon, he is also the owner of Blue Origin which works on space technology. This company will make it easy for the people to travel in the space. On July 20, Bezos is going to travel space along with his brother Mark.
Jeff Bezos is also the owner of ‘The Washington Post’ which he bought for $250 million in 2013. After stepping down as Amazon CEO, he will likely to take interest in philanthropic works and Amazon studios. The Rock posted a photo with Jeff Bezos on instagram and write that he is going to make film with Amazon Studios and Bezos repost it on his own instagram account.