Tuesday, October 26

Tag: Amazon CEO

Jeff Bezos to Step Down as Amazon CEO After 26 Years at the Helm
Business

Jeff Bezos to Step Down as Amazon CEO After 26 Years at the Helm

The world's richest man, Jeff Bezos will step down as Amazon CEO later this year and transition to the role of executive chair, the company has announced. According to the February 2 announcement, Bezos will be replaced by Andy Jassy. Bezos has been Amazon's CEO since its founding in 1995 and grew the company from an online bookseller into a $1.7 trillion global retail and logistics Heavyweight. His replacement, Jassy has worked for Amazon since 1997 and currently serves as CEO of the company's cloud business, Amazon Web Services.. Bezos said in a letter to employees Tuesday that he is excited to take the next step. "Being the CEO of Amazon is a deep responsibility, and it's consuming," Bezos wrote. "When you have a responsibility like that, it's hard to put attention...
Jeff Bezos Becomes The First Person Ever Worth $200 Billion
News

Jeff Bezos Becomes The First Person Ever Worth $200 Billion

The world's richest person, Jeff Bezos, is wealthier than he's ever been. Early Wednesday he crossed a milestone previously unseen in the nearly four decades Forbes has been tracking net worths: With Amazon stock edging up 2% as of Wednesday afternoon, Bezos' net worth is up by $4.9 billion, making the 56-year-old the world's first-ever person to amass a $200 billion fortune. As of 1:50 p.m. EDT on Wednesday, the Amazon founder and CEO is worth $204.6 billion—nearly $90 billion more than the world's second-richest person, Bill Gates, who's currently worth $116.1 billion. Even adjusting for inflation, Forbes believes Bezos' fortune is the largest ever amassed. The person to come closest: Bill Gates, who was the world's first-ever centibillionaire. Near the height of the dot-com...
Amazon CEO Jeff Bezos agrees to testify before antitrust hearing
News

Amazon CEO Jeff Bezos agrees to testify before antitrust hearing

Amazon CEO and founder Jeff Bezos has agreed to testify before a US House of Representatives committee reviewing antitrust issues in the tech industry. He had resisted calls to testify, which caused the committee to threaten to subpoena Bezos if necessary. Bezos’ decision was written in a letter to the committee dated Sunday. “We are committed to cooperating with your inquiry and will make the appropriate executive available to testify. This includes making Jeff Bezos available to testify at a hearing with the other CEOs this summer,” wrote attorney Robert K. Kelner, of Covington & Burling, which is representing Amazon for the antitrust investigation. Kelner added that the timing and format for the testimony would still need to be worked out. He said Amazon has produced ov...
Jeff Bezos and Lauren Sanchez are Engaged – Sanchez’s brother claims in defamation lawsuit against the Amazon founder
Celebs

Jeff Bezos and Lauren Sanchez are Engaged – Sanchez’s brother claims in defamation lawsuit against the Amazon founder

Amazing CEO and World's richest man, Jeff Bezos, is reportedly engaged to his girlfriend Lauren Sanchez, her brother has claimed in a lawsuit. Hollywood talent manager, Michael Sanchez is currently suing Bezos and his security consultant Gavin de Becker for defamation. On Friday, Sanchez's brother, Michael Sanchez, filed a defamation lawsuit that claimed Bezos and his security consultant, Gavin de Becker, falsely told journalists he was the one who had provided Bezos' and Lauren Sanchez's nude photos to the National Enquirer in 2018. In the defamation lawsuit, he filed in Los Angeles, Michael also referred to Bezos as his sister's 'current fiance' and described his sister as Bezos' fiancee. According to Mail Online, the lawsuit contains several allegations about Bezos and h...
Amazon boss, Jeff Bezos and girlfriend Lauren Sanchez make their red carpet debut as a couple
News

Amazon boss, Jeff Bezos and girlfriend Lauren Sanchez make their red carpet debut as a couple

Jeff Bezos and girlfriend Lauren Sanchez have finally made their romance red carpet official. The Amazon CEO and richest man in the world was spotted walking the carpet with the TV personality in Mumbai, India, as part of an Amazon Prime event. The pair dressed to the nines, with Bezos rocking a marble-patterned black and white tuxedo jacket paired with black tuxedo slacks, while Sanchez stunned in a sultry red and black gown featuring a plunging neckline and thigh-high slit. The glitzy appearance comes amid a reported investigation into Amazon's business practices in India which is being conducted by the country's Competition Commission, an antitrust regulatory agency, according to the New York Times. However, Bezos seemed far from concerned as he and his ladylove posed for ...
Bill Gates Tops Jeff Bezos As Richest Person In The World: See The Full List
News

Bill Gates Tops Jeff Bezos As Richest Person In The World: See The Full List

Microsoft Corp. co-founder Bill Gates overtook Amazon.com Inc.’s Jeff Bezos as the world’s richest person on Friday, reclaiming the top ranking for the first time in more than two years. Gates may have been helped in part by the Pentagon’s surprise decision announced Oct. 25 to award a $10 billion cloud-computing contract to Microsoft over Amazon. Shares of Microsoft have since climbed 4%, giving Gates a $110 billion fortune, according to the Bloomberg Billionaires Index. Amazon’s stock is down about 2% since the announcement, putting Bezos’s net worth at $108.7 billion. Gates, 64, had briefly topped Bezos, 55, on an intraday basis last month after Amazon posted its first profit drop in two years, but shares of the world’s biggest online retailer pared the decline. The index, which t...
World’s Richest Couple, Jeff & Mackenzie Bezos Are Getting Divorced After 25 Years
News

World’s Richest Couple, Jeff & Mackenzie Bezos Are Getting Divorced After 25 Years

Jeff Bezos and his wife, MacKenzie, are getting a divorce after 25 years of marriage, according to a joint statement put out Wednesday on the Amazon CEO's Twitter account. "After a long period of loving exploration and trial separation, we have decided to divorce and continue our shared lives as friends," the couple said in the statement. "We feel incredibly lucky to have found each other and deeply grateful for every one of the years we have been married to each other," the statement continued. "If we had known we would separate after 25 years, we would do it all again." Bezos, 54, and MacKenzie, 48, met and got married while working at D.E. Shaw, a New York-based hedge fund, in the early 90s. Shortly after, they packed up and moved across the country to Seattle, where Bezos ...
Jeff Bezos Overtakes Bill Gates To Become World’s Richest Man
News

Jeff Bezos Overtakes Bill Gates To Become World’s Richest Man

Amazon CEO Jeff Bezos has overtaken Bill Gates and is now the richest person in the world, with a fortune topping $90 billion for the first time ever. When markets opened on Thursday, Bezos had a net worth of $90.6 billion, putting him $500 million ahead of Microsoft founder Bill Gates. Amazon stock opened up 1.6% on Thursday, adding $1.4 billion to Bezos’ net worth. That was enough to put him ahead of Gates, who was last surpassed on Forbes’ real-time rankings for just two days nearly a year ago by Spanish retail giant Amancio Ortega. Forbes started tracking billionaires around the globe in 1987. Bezos is now the seventh person to hold the title of the world’s richest person and the third American to top the global ranks besides Gates and Berkshire Hathaway CEO Warren Buffett. Wh...

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