The Amazon founder, Jeff Bezos, is stepping down as the Chief Executive Officer (CEO) of Amazon. He is leaving behind large business empires.
Jeff Bezos is well known for his online shopping business popularly known as Amazon Inc. This is a large shopping complex but offering goods online to customers from all over the world. Amazon has a list of millions of different types of products from books, electronics, clothes, furniture, home decor and phones among others.
Jeff Bezos runs other businesses in cloud computing, advertising, space tourism and entertainment.
Jeff left his position as CEO and now will serve as the group chairman. He has built Amazon Inc over a period of 27 years.
Andy Jassy will be the new CEO. He previously headed Amazon Web Services.
In 2020, Amazon Inc employed 500,000 new employees worldwide. The company had gone into an hiring spree. It’s expected to overtake Walmart as US’s largest employer in the coming years or even months. As the country went into lock-down during the pandemic, demand for goods from Amazon shot up.
In January, Amazon Inc announced that they had hired 3,000 more employees to join their corporate ranks. Amazon reported that 130,000 out of their 950,000 employees work in their corporate offices.
Amazon operates warehouses across America. This is how the online retail company is able to deliver goods to customers in a day or less.
Entertainment
Amazon Inc has reported a lot of success on the entertainment size. It report that its share of business is $12 billion. This includes revenue from licensing and production of video content including music. This content is offered to subscribers of Amazon Prime.
Amazon Studios
Amazon Inc entered the film making industry in 2010 through Amazon Studios. Therefore, Amazon is a large producer and distributor of films.
Some of the famous titles from this studio include “The Marvelous Mrs. Maisel” , Manchester by the Sea” and “Sound of Metal” among others.
Space Tourism
Mr. Jeff Bezos’s company, Blue Origin, is launching into space on July 20. This will be the second flight into space by billionaires having been overtaken by the eccentric billionaire founder of Virgin Galactic.
With a wealth of over $210 billion, Jeff Bezos and his billionaire competitors are being accused of engaging in space games instead of addressing urgent issues affecting humanity.
Robert Reich was not impressed at all by these space race by billionaires in America.
“Elon Musk’s wealth gains alone could pay for ten years of community college AND summer meals for low-income students. But he’d rather pay no taxes and go to Mars,” Proffer Robert Reich wrote on Twitter.
Elon Musk's wealth gains alone could pay for ten years of community college AND summer meals for low-income students. But he'd rather pay no taxes and go to Mars.
— Robert Reich (@RBReich) July 15, 2021
This is a way of questioning the important of visiting space when on earth you are troubles by issues such not able to access quality education and healthcare for all.
I’m not yet convinced why I should think of going to space to have a wonderful view of the world when humanity is suffering from curable diseases such as malaria. This is a form of self -actualization for the ultra-wealthy. It is not a race for everyone.
Humanitarian assistance
Billionaires are not all about chasing strange dreams such as space tourism but they are also contributing to the welfare of humanity.
For instance, Jeff Bezos pledged $10 billion towards fighting and mitigating climate change.
Real Estate
Jeff Bezos has spent over $300 million on homes across the USA. How owns homes in Washington D.C, Los Angeles and New York City among areas.
Jeff Bezos owns an excess of 300,000 acres in West Texas. His space company Blue Origin has its space station nearby.
Jeff Bezos owns a Gulfstream C650ER jet for his trips around the US and the world. This private jet has a passenger capacity of 19 people and a range of 7,500 nautical miles. #
He recently acquired a 417 feet yacht whose construction is about to be completed. According to Bloomberg it has a helipad.
Sources
The Wall Street Journal
