Richest man Jeff Bezos steps down as Amazon CEO

Richest man Jeff Bezos steps down as Amazon CEO

Jeff Bezos, founder of e-commerce giant Amazon, will step down as Amazon CEO on Monday, according to reports. He will be the executive chair.

Bezos, 57-year-old, announced his decision to step down exactly after 27 years on July he founded the company. Jeff Bezos founded e-commerce giant Amazon in 1994 out of his garage in Seattle.

The company is currently the world's largest online sales company, the largest Internet company by revenue, and the world's largest provider of virtual assistants and cloud infrastructure services through its Amazon Web services branch.

His networth is 201.8 billion USD. The first centibillionaire on the Forbes wealth index, Bezos was named the "richest man in modern history" after his net worth increased to $150 billion in July 2018

According to Forbes, Amazon thrived during the pandemic; revenues in 2020 grew 38% to $386 billion as people stayed home and made online purchases.