When Jeff Bezos steps down Monday as Amazon’s CEO at age 57, he’ll carry with him an estimated $197 billion — a staggering fortune that’s 739,489 instances the median internet value of an American at age 65.
That median internet value is $266,400, Business Insider reported, citing knowledge from the
Amazon introduced in February that Bezos would step down this yr and assume the mantle of government chairman of the e-commerce large’s board.
He’s anticipated to dedicate extra time towards initiatives just like the Bezos Earth Fund, his Blue Origin spaceship firm, The Washington Put up and the Amazon Day 1 Fund, CNBC reported.
Bezos acquired an $81,840 wage and $1.6 million in different compensation from the corporate final yr, in response to Enterprise Insider.
His internet value exploded by $75 billion throughout 2020 because the COVID-19 pandemic drove gross sales into the stratosphere on his firm’s on-line market, sending shares skyward.
Bezos, who makes extra money each second than the common American employee makes in every week, has drawn criticism for getting richer whereas 1000’s of Amazon staff dwell on meals stamps and toil in poor situations.
He will probably be changed by Andy Jassy, present CEO of Amazon Net Companies, the corporate’s cloud platform.