As Jeff Bezos prepares to start his new career, he leaves enduring legacy post transforming Amazon into a powerful corporation in the world from just a small online bookseller.
The 57-year-old Bezos was all prepared to hand over his duties as the CEO of Amazon to Andy Jassy on Monday and focus on his new space exploration company, philanthropy as well as other endeavors. Bezos will be retaining a major role at Amazon, however, as the executive chair of the company he founded about 27 years ago.
This transition comes post an incredible streak for the e-commerce colossus, which has grabbed attention for its latest innovations. However, the company has been vilified as well over certain business practices that’ve crushed the rivals as well as raised concerns on treatment of workforce of over 1 million.
Bezos, in the public appearances, often remembers the initial days he spent at Amazon, which he started at his small garage, the time when he used to pack the orders by himself and took the boxes to post office. And today, after years of hard work, Amazon holds a $1.7 trillion market value. It posted $386 billion worth of annual revenues from its operations in cloud computing, e-commerce, streaming media, artificial intelligence and more.