Friday, May 28, 2021

Jeff Bezos' incomprehensible wealth

 Amazon founder Jeff Bezos announced that he will step down as CEO later this year and transition to the role of executive chair, where he will be focusing on "new products and early initiatives." He will be replaced by Andy Jassy. 


In an email to Amazon employees, the billionaire also took some time to reflect on the company's accomplishments:  "Invention is the root of our success. We've done crazy things together, and then made them normal ... If you get it right, a few years after a surprising invention, the new thing has become normal. People yawn. And that yawn is the greatest compliment an inventor can receive ... Keep inventing, and don't despair when at first the idea looks crazy. Remember to wander. Let curiosity be your compass. It remains Day 1."

He's definitely quitting while he's ahead, as most people know that Amazon enjoyed a huge boost in sales during the worldwide coronavirus lockdown. Bezos is now the second-richest man in the world, but it's still a challenge to even conceptualize that level of wealth, and the potential it has to change the world. Let's take a look at how Bezos amassed this incredible fortune and try to get an understanding of its true worth

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