Who is Andy Jassy and what’s his net worth?
AMAZON has announced that its billionaire owner Jeff Bezos has stepped as chief executive of the company after almost 30 years.
He handed the reins of the technology company to Andy Jassy.
Who is Andy Jassy?
American businessman Andy Jassy joined as a marketing manager back in 1997 after attending Harvard.
The 53-year-old went on to found Amazon Web Services in 2003, with a team of 57 people.
In 2016, he was promoted from senior vice-president of AWS to CEO.
When is Andy Jassy replacing Jeff Bezos as CEO of Amazon?
Following Andy Jassy is now the CEO of Amazon on Monday, July 5. Bezos officially stepped down from his role on July 5 and instead be executive chair.
In a letter to employees announcing the move, said: “I’m excited to announce that this Q3 I’ll transition to Executive Chair of the Amazon Board and Andy Jassy will become CEO."
What is Andy Jassy's net worth?
After joining three years after it began, Mr Jassy has amassed a considerable net worth.
He is believed to have a personal net worth of at least $409million as of May 2021, according to investing research platform .
The site reckons he owns more than 1,250 units of Amazon stock, equating to around $294,535,962
According to Wallmine, he has sold more than $113million of the stock he owns.
Mr Jassy's annual compensation in his position as CEO of AWS comes to $348,809.
Is Andy Jassy married and does he have kids?
Mr Jassy married Elana Rochelle Caplan in 1997.
The couple held their wedding ceremony in Santa Monica, and their wedding was officiated at Lоеwѕ Ѕаntа Моnіса Веасh Ноtеl.
The couple have two children together.
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Elana, 52, is a graduate from the Philadelphia College of Textiles and Science.
She is a fashion designer for Eddie Bauer Inc, a clothing retailer in Seattle.
Elana is also a marketing manager at Amazon.