Jeff Bezos—Amazon CEO will step from his position later this year. According to an announcement on the 2nd February, Andy Jassy will be taking over as the CEO of the company. Bezos will then transition to being an executive chairman of Amazon’s board.
The company has stated, “The change will take place in the second half of 2021.”
The early life of Jeff Bezos
Jeff Bezos—a Wall Street investment banker quit his job in the year 1994. He decided to start an internet company from the confines of his garage. When he found the internet was growing by 2300%, he decided to commence an online bookstore named Cadabra. He was unaware of the fact that he was going to revolutionize the entire world of commerce and technology for decades. He later renamed the company ‘Amazon’ as people often mistook the name for “cadaver”.
Three key points for Amazon to be successful
The determination and dedication of Jeff Bezos went into accomplishing his dream is notable. Amazon was built on the three main pillars as considered by Jeff—the strength of character, single-minded focus, and a strong will to provide every person the best and highest consumer experience.
In 2013, Amazon succeeded the distinction of becoming the largest online retailer in the world. By 2018, Amazon turned out to be the second company to achieve a market value of over $1 trillion following Apple. He has always been transparent about the core management principles that drive the growth of Amazon. They are as mentioned below:
- To work every day like it’s the first day of business.
- To accept the occasional failure as the price of innovation.
- To give the customers what they want, before they know it.
Jeff Bezos: A Philanthropist
Bezos has always been supportive of social causes and has been vocal about it. He has lent a helping hand for sheltering homeless families, opening preschools, and financing same-sex marriages.
Jeff is a strong believer and supporter of the rights of homosexuals. When approached during a fundraising campaign for the cause of same-sex marriage, Jeff Bezos and his then-wife went far ahead and donated $2.5 million. Thereby, the couple became one of the biggest financiers for the cause in the US.
Also, Bezos assured $2 billion for homeless families and expand the network of Montessori-inspired preschools in the U.S in the year 2018.
Related: Surpassing Jeff Bezos, Elon Musk becomes the richest person in the world
