Jeff Bezos, who built Amazon into the world’s largest corporation, will stand down as CEO on Monday. Amazon began as a book retailer in 1994. It is now one of the world’s largest corporations. Its market capitalization exceeds $1.77 trillion.
Who will be Amazon’s new CEO?
On Monday, Andy Jassy will take over as CEO of Amazon (July 5). He is currently in charge of the company’s cloud computing operations. He is thought to be close to Bezos. Experts feel that continuing Amazon’s rapid expansion will be a significant issue for JAISI.
The world’s largest corporation
Amazon is a massive corporation, as evidenced by the fact that there are only three firms in the world with a market valuation greater than Amazon’s. Apple, Microsoft, and Saudi Aramco are among them. American corporations such as Apple and Microsoft are among them. Amazon is also a firm based in the United States.
Bezos will remain as executive chairman
Bezos, 57, will step down as Amazon’s CEO. He will, however, continue to serve as the company’s executive chairman. He will also continue to be the company’s top shareholder. He has a net worth of $201 billion. He is the world’s richest individual, according to Forbes’ billionaire list. Amazon’s business is now present in around nine nations around the world, including India.