Learn all the net worth and earning details of the American businessman and CEO Andy Jassy.
Jeff Bezos is stepping down from his position as CEO after 30 years of leading Amazon by assuming such a role. He will be replaced by Andy Jassy in the third quarter of 2021, who is currently the CEO of Amazon Web Services (AWS). Jeff Bezos will therefore assume the role of the executive chairman of the company.
Many people seem to be eager to learn about the future CEO of Amazon. So below, we compiled some details of his net worth and earnings in order to know more about his career.
According to Celebrity Net Worth, the next Amazon CEO, Andy Jassy, holds an estimated net worth of $400 million.
He made the entire amount of this fortune through his managerial position at the company's Web Services. His earnings also come from restricted stock shares, which amount to tens of millions per year.
Future Amazon CEO Andy Jassy holds an estimated net worth of $400 million.
Source: Wall Street Journal
Andy Jassy earned his bachelor's degree from the prestigious Harvard University, followed by an MBA degree. He joined Amazon in 1997 as a marketing manager. In May of the same year, Amazon went public.
In 2003, Amazon founded Amazon Web Services (AWS), of which Andy Jassy was a part. He served as SVP of AWS until 2016 when he was promoted to CEO. As of 2019, AWS generated more than $35 billion in annual revenue and $7 billion in operating income.
Andy Jassy sells the stock, and that's how he makes most of his money. As per an article by The Sun, He apparently owns 2,791 Amazon stock units, translating to roughly $280,440,790. According to the article, he's sold more than $113 million of the stock he owns.
Andy Jassy used to earn a base salary of $384,000 while serving as the CEO of Amazon Web Services (AWS). But with bonuses and option grants, his income range to tens of millions.
Andy Jassy earned a base salary of $384,000 as the CEO of Amazon Web Services.
Source: Business Insider
In 2016, he even out-earned Jeff Bezos in one year. His AWS division brought in a total of $12.2 billion in profits that guaranteed him the stock bonus. That year, Andy Jassy solely made a total of $35.4 million in stocks as his division became one of the most profitable at Amazon.
According to Wallmine, Andy Jassy has made several high-profile stock trades. 'The largest trade he's ever made was selling 14,000 units of Amazon.com stock on 22 September 2016 worth over $11,200,000,' the website writes.
'On average, Andrew trades about 4,083 units every 41 days since 2006. As of 13 November 2020, he still owns at least 82,115 units of Amazon.com stock.'
Stay tuned to Idol Persona for more net worth-related content about your favorite celebrities.